Gaishi Food(836826)2024-10-28 10:33Financial Performance - Operating revenue for the first nine months of 2024 reached CNY 386.61 million, a 7.60% increase from CNY 359.32 million in the same period of 2023[4] - Net profit attributable to shareholders for the first nine months of 2024 was CNY 31.22 million, up 17.01% from CNY 26.68 million in the previous year[4] - In Q3 2024, operating revenue was CNY 144.23 million, reflecting a 7.94% increase from CNY 133.61 million in Q3 2023[5] - Net profit attributable to shareholders in Q3 2024 dropped by 32.04% to CNY 11.80 million, down from CNY 17.36 million in Q3 2023[5] - Total operating revenue for the first nine months of 2024 reached ¥386,614,137.38, an increase of 7.0% compared to ¥359,320,302.54 in the same period of 2023[28] - Net profit for the first nine months of 2024 was ¥31,266,630.55, representing a 17.3% increase from ¥26,700,267.38 in the previous year[29] - Total operating revenue for the first nine months of 2024 was ¥307,182,030.73, a decrease of 4.4% compared to ¥322,976,875.49 in the same period of 2023[30] - Net profit for the first nine months of 2024 reached ¥33,903,824.63, an increase of 39.5% from ¥24,318,843.48 in the same period of 2023[30] Cash Flow - Cash flow from operating activities decreased significantly by 94.21% to CNY 6.82 million, compared to CNY 117.77 million in the same period last year[4][7] - Cash flow from operating activities generated a net inflow of ¥6,819,704.02, a significant decrease from ¥117,768,132.96 in the same period of 2023[33] - Cash inflow from investment activities was 8,326,786.40 CNY, a substantial increase from 126,225.44 CNY in the same period last year[35] - Net cash flow from financing activities improved to 7,974,445.21 CNY, compared to -66,765,159.85 CNY in the previous year[35] - The company received 3,913,313.97 CNY in tax refunds, a notable increase from 724,386.38 CNY in the same period last year[34] Assets and Liabilities - Total assets increased by 11.08% to CNY 504.56 million as of September 30, 2024, compared to CNY 454.24 million at the end of 2023[4] - Current assets rose to ¥289.72 billion, compared to ¥240.88 billion in the previous year, reflecting a growth of about 20.3%[23] - Total liabilities reached ¥170.55 billion, up from ¥134.08 billion, which is an increase of approximately 27.1%[24] - Short-term borrowings increased to ¥68.09 million from ¥36.32 million, reflecting an increase of about 87.5%[24] - The company has 114.53 million CNY in assets under mortgage, representing 22.69% of total assets, including 106.19 million CNY in buildings and 8.35 million CNY in land use rights[19] Shareholder Information - The total number of unrestricted shares decreased from 63,419,712 to 62,367,286, representing a change of -1,052,426 shares[9] - The total number of restricted shares increased from 77,096,102 to 78,148,528, with a change of 1,052,426 shares[10] - The largest shareholder, Shanghai Lexiangjia Industrial Co., Ltd., holds 67,901,004 shares, accounting for 48.32% of total shares[11] - The company has implemented a share repurchase plan, with a dedicated account holding 1,830,450 shares as of the end of September[12] - The total number of common shareholders is 5,294 as of the reporting period[10] Research and Development - Research and development expenses increased by 40.73% to CNY 7.94 million, indicating a stronger focus on innovation[6] - Research and development expenses increased to ¥7,935,821.79, a rise of 40.5% compared to ¥5,639,169.43 in the same period of 2023[28] - Research and development expenses increased to ¥7,788,588.93, up from ¥5,638,989.43 in the same period of 2023, reflecting a focus on innovation[30] Other Income and Expenses - Non-operating income totaled CNY 5,721,509.96, with a net non-operating income of CNY 5,035,262.40 after tax impacts[8] - The company reported a government subsidy income of CNY 4,819,247.96, which is closely related to its normal business operations[8] - The company reported a significant increase in other income, which rose to ¥4,067,512.27 from ¥160,093.38 in the same period of 2023[30] - The company incurred financial expenses of ¥662,499.60, which included interest expenses of ¥666,451.42, down from ¥1,601,184.07 in the same period of 2023[30] Strategic Initiatives - The company has initiated an employee stock ownership plan and other incentive measures, which have been approved by the shareholders' meeting[14] - The company plans to expand its market presence and invest in new technologies to drive future growth[29] - The company has not disclosed any major events that would affect its financial position, aside from the previously mentioned share repurchase and employee incentive plans[14]