立高食品(300973) - 2021 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2021 reached ¥709,825,678.19, an increase of 33.84% compared to the same period last year[3] - The net profit attributable to shareholders for Q3 2021 was ¥60,805,853.15, a decrease of 26.50% year-over-year[3] - The net profit after deducting non-recurring gains and losses for Q3 2021 was ¥61,909,456.69, down 23.90% from the previous year[3] - For the first nine months of 2021, the company achieved a revenue of ¥1,961,435,575.45, a growth of 63.39% year-over-year[3] - The basic earnings per share for Q3 2021 was ¥0.359, a decrease of 44.85% year-over-year[3] - The weighted average return on equity for Q3 2021 was 3.30%, down 12.10% from the previous year[3] - The net profit for the current period is CNY 197,566,615.46, an increase from CNY 158,723,901.27 in the previous period, representing a growth of approximately 24.5%[38] - The total profit for the current period is CNY 246,674,296.94, compared to CNY 197,272,295.51 in the previous period, reflecting an increase of about 25%[38] Assets and Liabilities - The total assets at the end of Q3 2021 amounted to ¥2,340,991,767.16, reflecting a 140.18% increase compared to the end of the previous year[6] - The equity attributable to shareholders at the end of Q3 2021 was ¥1,878,531,264.54, up 188.12% from the previous year[6] - As of September 30, 2021, the company's total current assets reached approximately 1.32 billion yuan, a significant increase from 482.45 million yuan at the end of 2020, representing a growth of 174%[30] - The company's total assets amounted to approximately 2.34 billion yuan, compared to 974.69 million yuan at the end of 2020, indicating a growth of 140%[32] - The company's total liabilities were approximately 462.46 million yuan, compared to 322.70 million yuan at the end of 2020, reflecting a growth of 43%[35] - The total liabilities rose from ¥322,699,319.71 to ¥398,084,587.70, representing an increase of about 23.4%[49] Revenue Composition - The proportion of frozen baked goods revenue to total revenue for the first nine months of 2021 was 59.91%, an increase of 83.63% compared to the same period last year[8] - Revenue for the first nine months of 2021 grew by 63.39% to ¥1,961,435,575.45, with significant increases in frozen baked goods and baking materials[15] - The total operating revenue for the period was approximately 1.96 billion yuan, up from 1.20 billion yuan in the previous year, reflecting a year-over-year increase of 64%[36] Costs and Expenses - The company faced rising costs due to increases in raw material prices and other operational expenses, impacting overall profit growth[8] - Operating costs increased by 71.27% to ¥1,273,305,767.68, reflecting the growth in business and corresponding revenue[15] - R&D expenses surged by 84.66% to ¥64,794,424.05, as the company expanded its R&D team and projects[15] - Sales expenses increased to CNY 261,499,750.89 from CNY 160,960,684.88, marking a rise of about 62.5%[38] Cash Flow - The net cash flow from operating activities decreased by 12.89% to ¥134,936,416.61, mainly due to an increase in customers adopting a "pay after delivery" model[15] - The company reported a cash flow from operating activities of CNY 134,936,416.61, a decrease from CNY 154,901,611.39 in the previous period[41] - The net cash flow from financing activities rose by 1410.58% to ¥1,006,513,329.29, primarily from fundraising[15] - The total cash and cash equivalents at the end of the period reached ¥811,830,749.05, reflecting a net increase of ¥608,563,560.48[45] Inventory and Receivables - Accounts receivable rose by 96.05% to ¥221,008,102.87, primarily driven by increased sales to supermarket customers[12] - Inventory increased by 57.52% to ¥221,384,458.00, driven by sales growth[12] - The company's inventory as of September 30, 2021, was approximately 221.38 million yuan, up from 140.54 million yuan at the end of 2020, representing a growth of 57.5%[30] - The company reported accounts receivable of ¥112,731,751.44, indicating stable collection performance[47] Investments and Expansion - The company has maintained a total of 133,206,577 restricted shares, with no changes in the current period[26] - The construction of the production base in the South China region has seen significant investment, with the first phase of the Sanshui production base's factory and dormitory completed[26] - The second phase of the Nansha production base has been fully operational, achieving rapid capacity utilization[26] - The company has acquired a new land plot of 137,186 square meters in the same jurisdiction as the Zhejiang Changxing production base for future expansion[26] - The company plans to optimize and upgrade production lines in the Nansha factory to better support demand[26] - The company has invested its own funds to construct the second phase of the Sanshui production base, enhancing fruit product capacity[26] Compliance and Standards - The company has implemented the new leasing standards effective from January 1, 2019, for companies listed both domestically and internationally, and from January 1, 2021, for those following domestic accounting standards[52] - The company adjusted the "right-of-use assets" and "lease liabilities" at the beginning of the year due to the new leasing standards[52] - The third quarter report for 2021 has not been audited[53]