Securities code: 002840 securities abbreviation: Zhejiang Huatong Meat Products Co.Ltd(002840) Announcement No.: 2021-119 Zhejiang Huatong Meat Products Co.Ltd(002840)
Third quarter report 2021
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions. Important content tips:
1. The board of directors, the board of supervisors, directors, supervisors and senior managers guarantee that the quarterly report is true, accurate and complete without false records, misleading statements or major omissions, and bear individual and joint legal liabilities.
2. The person in charge of the company, the person in charge of accounting and the person in charge of the accounting organization (Accounting Supervisor) declare that they guarantee the authenticity, accuracy and completeness of the financial information in the quarterly report.
3. Has the third quarter report been audited
□ yes √ no
1、 Main financial data (I) main accounting data and financial indicators does the company need to retroactively adjust or restate the accounting data of previous years □ yes √ no
During the reporting period, the current reporting period increased or decreased from the beginning of the previous year to the end of the reporting period compared with the same period of the previous year
Operating income (yuan): 1629644620.72 – 23.25% 6245428625.52 1.67%
Net profit attributable to shareholders of listed company -103464823.56 – 761.95% 4495297.94 – 95.05% (yuan)
Net profit attributable to shareholders of listed companies after deducting non recurring profit and loss of -104570093.03% – 3535.75% – 44837677.68% – 191.62% (yuan)
Net cash flow from operating activities – 114616506.45 – 63.95% (yuan)
Basic earnings per share (yuan / share) -0.24 – 700.00% 0.01 – 95.24%
Diluted earnings per share (yuan / share) -0.24 – 700.00% 0.01 – 95.24%
Weighted average return on net assets -5.87% – 6.91%, 0.26% – 3.30%
Increase or decrease at the end of the reporting period compared with the end of the previous year
Total assets (yuan): 6662758679.18 4996282254.02 33.35%
Owner’s 1697319265.24 1705500735.64 – 0.48% equity (yuan) (II) non recurring profit and loss items and amount attributable to shareholders of listed companies √ applicable □ not applicable
Unit: Yuan
Description of the amount of the project from the beginning of the reporting period to the end of the reporting period
Gains and losses from disposal of non current assets (including offset of accrued asset impairment reserves) -11833474.17 19667890.61
Government subsidies included in current profits and losses (closely related to the company’s normal business)
Relevant, in line with national policies and regulations, in accordance with certain standard quota or quantitative 11724306.56 27079619.14
Except for the government subsidies continuously enjoyed), except for the effective hedging business related to the normal business of the company,
The fair value of held trading financial assets and trading financial liabilities is 57961.35 and 150806.10
Profit and loss from changes in value, as well as investment income from the disposal of trading financial assets, trading financial liabilities and available for sale financial assets
Other non operating income and expenditure other than the above items 3160981.99 7829741.51
Less: income tax impact 33234.97 190300.65
Influence amount of minority shareholders’ equity (after tax) 1971271.30 5204781.08
Total 1105269.46 49332975.63–
Details of other profit and loss items that meet the definition of non recurring profit and loss: □ applicable √ not applicable. The company does not have details of other profit and loss items that meet the definition of non recurring profit and loss.
Description of defining the non recurring profit and loss items listed in the explanatory announcement on information disclosure of companies offering securities to the public No. 1 – non recurring profit and loss as recurring profit and loss items □ applicable √ not applicable the company does not have the explanatory announcement on information disclosure of companies offering securities to the public No. 1 – non recurring profit and loss The non recurring profit and loss items listed in are defined as recurring profit and loss items. （3） Changes and reasons of main accounting data and financial indicators √ applicable □ not applicable. Changes and reasons of main accounting data and financial indicators of the company from January to September and at the end of September 2021 are as follows: 1. Balance sheet items
Unit: Yuan
Reasons for year-on-year increase or decrease of project closing balance and opening balance
The inventory of 524384650.87 366745254.18 is mainly due to the 42.98% increase in fattening pigs due to the operation of the subsidiary’s pig farm in this period.
The long-term equity investment 20436456.26 195704783.15 was mainly due to the disposal of 89.56% equity of Zhejiang Wenshi Huatong animal husbandry Co., Ltd., a joint-stock subsidiary, in this period.
Fixed assets 20816399750.21 1583961464.31 31.42% were mainly due to the conversion of construction in progress of subsidiaries to fixed assets in the current period.
The construction in progress is 2290300305.77 1139764500.25, which is mainly caused by 100.95% of the capital investment increased by the subsidiary during the preparation period of this period.
The productive biological assets of 361205846.79 and 236682462.67 were mainly caused by the 52.61% increase in breeding pigs due to the operation of the subsidiary’s pig farm in this period.
134763308.05 0.00 100.00% of the right of use assets is mainly due to the subject adjustment of the new leasing standards.
The long-term deferred expenses ranged from 69297835.89 to 101046675.19 – 31.42%, mainly due to the adjustment of the subjects under the new lease standards.
Other non current assets 20123391.06 80503859.58 – 75.00% were mainly due to the decrease of advance payment for breeding pigs in the current period.
The short-term loan of 1164696077.78 716298100.98 62.60% was mainly due to the increase of bank project loans in the current period.
Long term loans 1543234536.55 648209387.78 138.08% were mainly due to the increase of bank project loans in the current period.
Lease liabilities 106493286.06 0.00 100.00% are mainly due to the adjustment of subjects in the new lease standards.
The total assets are 6662758679.18 4996282254.02 and 33.35% are mainly due to the construction of new pig farms and new bank loans.
2. Income statement items
Unit: Yuan
Reasons for year-on-year increase or decrease of current period amount and previous period amount of the project
Taxes and surcharges 12361760.83 8379529.08 47.52% were mainly due to the increase of taxes accrued by subsidiaries.
The financial expense is 66062360.31 and 22460853.43, which is mainly due to the 194.12% increase in interest expense caused by the increase in bank loans in the current period.
Other income was 32038922.34 and 49246881.77, mainly due to the decrease of – 34.94% in government subsidies related to income received in the current period.
46945253.14 1258381.71 3630.61% of the investment income is mainly due to the recognition of investment income from the disposal of assets.
The asset impairment loss was – 25418581.24 – 225557.38 – 11169.23%, mainly due to the provision for inventory falling price in the current period.
The income from asset disposal was 175911.84 and 12199453.52, mainly due to Zhejiang lvfa feed Technology Co., Ltd. in the same period of last year
