克明食品(002661) - 2023 Q3 - 季度财报

Revenue and Profit - The company's revenue for Q3 2023 was CNY 1,253,064,390.23, representing a decrease of 15.35% compared to CNY 1,480,347,160.72 in the same period last year[5] - Revenue for Q3 2023 was CNY 3,931,112,429.46, a decrease of 8.48% compared to CNY 4,295,494,602.69 in the same period last year[11] - The total revenue for Q3 2023 was approximately ¥4.12 billion, a decrease of about 11.3% compared to ¥4.65 billion in Q3 2022[23] - The net profit for Q3 2023 was a loss of ¥65.89 million, compared to a profit of ¥128.61 million in the same period last year, indicating a significant decline[21] - The company reported a net operating profit of CNY -21,148,950.68 for the third quarter, compared to a profit of CNY 166,933,920.65 in the previous year[20] Cash Flow - The operating cash flow for the period showed a substantial increase of 537.77%, reaching CNY 505,483,400.0 compared to CNY 79,257,630.0 in the same period last year[5] - Cash flow from operating activities increased significantly by 537.77% to CNY 505,483,451.02 compared to CNY 79,257,635.50 in the previous year[11] - The cash flow from operating activities generated a net cash inflow of approximately ¥505.48 million, an increase from ¥79.26 million in Q3 2022[23] - The company’s cash flow from financing activities resulted in a net outflow of approximately ¥114.70 million, contrasting with a net inflow of ¥616.43 million in the same quarter last year[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,142,508,892.62, reflecting a decrease of 2.93% from the previous year-end[5] - The company's total assets decreased to CNY 6,142,508,892.62 from CNY 6,327,876,104.67, a decline of approximately 2.9%[18] - Total liabilities increased to CNY 3,228,113,546.53, compared to CNY 2,570,977,271.01 in the previous year, marking a growth of 25.5%[18] - The company experienced a 25.42% increase in short-term loans, totaling CNY 1,095,954,300.32 compared to CNY 873,811,028.54 at the beginning of the period[10] - Long-term borrowings rose by 159.57% to CNY 913,890,000.00, attributed to new bank loans acquired during the period[11] Equity and Earnings Per Share - The company's equity attributable to shareholders decreased by 21.83% to CNY 2,462,247,188.96 compared to CNY 3,150,038,569.49 at the end of the previous year[5] - The basic earnings per share dropped to CNY 0.0004, down 99.82% from CNY 0.224 in the same period last year[5] - The company reported a basic and diluted earnings per share of ¥0.035, down from ¥0.404 in the previous year[21] Expenses - The company reported a 64.27% increase in financial expenses, totaling CNY 61,401,670.26, mainly due to higher interest expenses on bank loans[11] - The company’s management expenses rose by 11.84% to CNY 166,074,744.96, primarily due to increased depreciation from asset repairs[11] - The company’s tax expenses increased by 51.11% to CNY 34,754,906.20, driven by a reduction in losses that could be offset by subsidiaries[11] Inventory and Investments - Inventory decreased significantly to CNY 850,675,462.16 from CNY 1,093,897,054.69, reflecting a reduction of approximately 22.2%[18] - The construction in progress increased by 13.75% to CNY 840,493,482.02, primarily due to increased investments in ongoing projects[10] - Investment income surged by 1558.67% to CNY 1,374,464.05, primarily due to increased investment returns from joint ventures[11] - The net cash outflow from investing activities was approximately ¥406.27 million, an improvement from a net outflow of ¥604.10 million in Q3 2022[23]