品渥食品(300892) - 2021 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2021 was ¥455,375,463.52, representing an increase of 11.51% compared to the same period last year[3] - The net profit attributable to shareholders for Q3 2021 was ¥25,922,120.49, a decrease of 26.47% year-on-year[3] - The basic earnings per share for Q3 2021 was ¥0.2592, down 44.85% from the previous year[3] - Total operating revenue for Q3 2021 was CNY 1,144,204,645.33, an increase of 4.4% compared to CNY 1,090,577,796.98 in the same period last year[23] - Net profit for Q3 2021 was CNY 70,177,589.46, a decrease of 31.5% from CNY 102,534,118.17 in Q3 2020[24] - Earnings per share for Q3 2021 were CNY 0.7018, down from CNY 1.3671 in the same quarter last year[25] Assets and Liabilities - The total assets at the end of Q3 2021 were ¥1,432,016,337.98, an increase of 4.64% compared to the end of the previous year[4] - As of September 30, 2021, the total assets of the company amounted to RMB 1,432,016,337.98, an increase from RMB 1,368,571,758.27 at the end of 2020, reflecting a growth of approximately 4.65%[19] - The company's total liabilities increased to CNY 304,037,259.10 from CNY 297,183,951.01 year-over-year[22] - The total liabilities rose from 297,183,951.01 CNY to 328,874,431.80 CNY, indicating an increase of about 10.7%[33] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥27,091,530.30, a decline of 216.43% compared to the same period last year[9] - Cash inflow from operating activities was CNY 1,288,573,751.67, compared to CNY 1,209,365,149.66 in Q3 2020, reflecting a growth of 6.5%[27] - The net cash flow from operating activities was -27,091,530.30 CNY, compared to 23,267,592.46 CNY in the previous year, indicating a significant decline in operational performance[28] - The net cash flow from financing activities was -36,685,618.28 CNY, a stark contrast to the previous year's inflow of 601,536,852.37 CNY, reflecting a shift in financing strategy[28] Equity and Shareholder Returns - The total equity attributable to shareholders increased by 5.28% to ¥1,127,979,078.88[4] - The total equity attributable to shareholders increased to CNY 1,127,979,078.88 from CNY 1,071,387,807.26, representing a growth of 5.3%[22] - The company reported a total of 27,944,835.29 CNY in dividend distributions, compared to 3,783,033.72 CNY in the previous year, indicating a substantial increase in shareholder returns[28] Expenses - The company experienced a 106.63% increase in management expenses, totaling ¥31,852,722.79, mainly due to the accrual of share-based payment expenses[9] - Research and development expenses for the period amounted to ¥442,968.32, reflecting the company's investment in new product development[9] - Research and development expenses for Q3 2021 were CNY 442,968.32, indicating ongoing investment in innovation[23] - The company paid 58,921,592.75 CNY in employee compensation, up from 50,785,343.46 CNY, reflecting a 16.5% increase in labor costs[28] Inventory and Accounts Receivable - The company reported a significant increase in inventory, which rose by 34.34% to ¥263,526,774.56, primarily due to increased procurement[8] - Accounts receivable rose to RMB 159,852,573.25, up from RMB 127,432,785.50, indicating an increase of approximately 25.4%[20] - Inventory levels increased significantly to RMB 263,526,774.56 from RMB 196,164,772.14, marking a rise of around 34.3%[20] Investments - The company plans to invest EUR 21.5 million to acquire a 50% stake in a target company, which is expected to add an annual production capacity of 300 million 200ml milk units[16] - The company approved the use of up to RMB 160 million of idle funds for cash management, alongside RMB 370 million of its own funds[16] - The company reported a significant increase in investment income, which rose by 567,887.71% to ¥6,655,850.40, primarily from trading financial assets[9] Financial Adjustments - The company has adopted new leasing standards, which resulted in adjustments to the financial statements, impacting the non-current liabilities[30] - The company’s total liabilities and equity structure will be further detailed in subsequent reports following the completion of the ongoing financial assessments[18]