*ST佳沃(300268) - 2021 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2021 was CNY 1,149,854,631.96, a decrease of 10.91% compared to the same period last year[3]. - Net profit attributable to shareholders was CNY 30,419,969.39, an increase of 115.59% year-on-year, while the net profit for the year-to-date was a loss of CNY 105,986,145.82, a reduction of 76.70%[3]. - The basic earnings per share for Q3 2021 was CNY 0.1746, up 111.99% year-on-year, while the diluted earnings per share was the same[3]. - The net profit for the reporting period increased by 79.13%, with a reduction in losses amounting to CNY 430 million, attributed to price recovery of main products as the global pandemic situation improved[9]. - In Q3 2021, the company recorded a single-quarter profit of CNY 30.42 million[16]. - Australis Seafoods S.A. turned a profit in the first three quarters of 2021, achieving a net profit of CNY 48.49 million, with Q3 net profit at CNY 87.70 million[17]. - The net profit for Q3 2021 was -113,785,157.52 CNY, compared to -545,087,920.35 CNY in the same period last year, showing an improvement[27]. - The company reported a total profit loss of -173,479,556.23 CNY for the quarter, compared to -712,438,886.08 CNY in Q3 2020[27]. Cash Flow and Assets - The net cash flow from operating activities for the year-to-date reached CNY 309,897,669.73, a significant increase of 1,527.45%[3]. - The company experienced a 1527.45% year-on-year increase in net cash flow from operating activities, mainly due to a decrease in cash payments for goods and services[9]. - Cash and cash equivalents at the end of the period were 162,767,104.81 CNY, down from 220,445,583.74 CNY at the end of Q3 2020[32]. - The company's cash and cash equivalents decreased to CNY 153,644,352.31 from CNY 171,290,018.64, a decline of about 10.25%[22]. - The total assets at the end of the reporting period were CNY 11,329,288,008.71, reflecting a growth of 2.94% compared to the end of the previous year[3]. - As of September 30, 2021, the total assets of Jiawo Food Co., Ltd. amounted to CNY 11,329,288,008.71, an increase from CNY 11,006,213,936.23 at the end of 2020, reflecting a growth of approximately 2.93%[21]. - The non-current assets totaled CNY 8,177,801,551.65, up from CNY 7,582,157,826.81, reflecting an increase of about 7.85%[23]. Liabilities and Expenses - The total liabilities increased to CNY 10,057,933,399.61 from CNY 9,609,762,794.89, marking an increase of approximately 4.66%[24]. - The total operating costs decreased to CNY 3,604,231,071.57 from CNY 3,976,749,850.57, representing a reduction of approximately 9.36%[26]. - The company incurred a total operating expense of 3,817,399,690.62 CNY, compared to 4,132,666,168.51 CNY in the previous year[31]. - The company reported a comprehensive loss of -122,896,138.13 CNY for the quarter, compared to -593,749,763.57 CNY in Q3 2020[28]. - Investment activities resulted in a net cash outflow of -346,789,566.44 CNY, an improvement from -444,470,226.65 CNY in the same period last year[31]. Shareholder and Market Activities - The controlling shareholder, Jiawo Group, plans to subscribe for no less than 25% and no more than 45% of the shares issued to specific targets in 2021[18]. - The company received an inquiry letter from the Shenzhen Stock Exchange regarding the issuance of shares to specific targets, and responded with detailed answers[18]. - The company granted 4.18 million restricted stocks at a price of CNY 9.22 per share to 17 incentive targets, as approved on September 7, 2021[20]. - The company is currently progressing steadily with its stock issuance to specific targets, as indicated in the recent announcements[19]. Product and Market Development - The company launched a new high-nutrition children's food brand "Chuan Xiong Tong Xue" targeting the maternal and infant market, with initial products sold on e-commerce platforms[17]. - Australis Seafoods S.A. harvested 60,626 tons WFE and achieved sales of 64,601 tons WFE in the first three quarters of 2021[17]. - The gross margin improved significantly, with Q1 at -8.3%, Q2 at 6.9%, and Q3 at 21.9%[17].