Juewei Food (SH:603517)2024-10-24 08:13Financial Performance - The company's operating revenue for Q3 2024 was ¥1,674,879,203.09, a decrease of 13.29% compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2024 was ¥142,637,547.74, reflecting a decline of 3.33% year-over-year[3]. - The net profit after deducting non-recurring gains and losses was ¥142,801,910.15, an increase of 2.11% compared to the previous year[3]. - Total operating revenue for the first three quarters of 2024 was CNY 5,014,679,550, a decrease of 10.9% compared to CNY 5,631,402,528.85 in the same period of 2023[13]. - The total profit for the third quarter of 2024 was approximately ¥641.37 million, an increase from ¥544.79 million in the same period last year, representing a growth of about 17.7%[14]. - The net profit attributable to shareholders of the parent company was approximately ¥438.49 million, compared to ¥389.65 million in the previous year, reflecting a year-over-year increase of about 12.5%[14]. - The company’s net profit margin improved, with net profit for the first three quarters of 2024 showing resilience despite revenue decline[13]. Assets and Liabilities - The total assets at the end of the reporting period were ¥8,836,251,804.33, down 5.12% from the end of the previous year[4]. - Total assets decreased to CNY 8,836,251,804.33 as of September 30, 2024, from CNY 9,312,754,546.03 at the end of 2023[12]. - Total liabilities decreased to CNY 2,210,378,502.13 as of September 30, 2024, compared to CNY 2,461,493,094.41 at the end of 2023[11]. - The equity attributable to shareholders decreased to ¥6,679,641,758.39, a decline of 3.01% year-over-year[4]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥925,092,998.62, an increase of 277.46% year-over-year[6]. - The net cash flow from operating activities for the first three quarters of 2024 was approximately ¥925.09 million, significantly up from ¥245.08 million in the same period of 2023, marking an increase of about 276.5%[16]. - The company experienced a decrease in cash flow from operating activities, with cash outflows totaling approximately ¥4.73 billion, down from ¥6.12 billion in the previous year[16]. - The cash and cash equivalents at the end of the period were approximately ¥991.80 million, a decrease from ¥1.86 billion at the beginning of the year[17]. Operating Efficiency - Total operating costs for the first three quarters of 2024 were CNY 4,368,321,636.39, down from CNY 5,122,357,531.86 in 2023, reflecting a cost reduction strategy[13]. - Operating profit for the first three quarters of 2024 increased to CNY 638,914,672.60, compared to CNY 541,555,493.74 in the same period of 2023, indicating improved operational efficiency[13]. - The company reported a significant increase in government subsidies, contributing to a rise in other operating income by 71.73%[6]. - The company experienced a 100% decrease in trading financial assets due to the maturity of structured deposits[6]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 45,710, with the largest shareholder holding 33.54% of the shares[8]. - The basic earnings per share for Q3 2024 was ¥0.23, a decrease of 4.17% compared to the same period last year[4]. - The company reported a basic earnings per share of ¥0.69, up from ¥0.64 in the previous year, which is an increase of about 7.8%[14]. - The total comprehensive income attributable to shareholders of the parent company was approximately ¥376.59 million, compared to ¥366.95 million in the previous year, reflecting a growth of about 2.3%[14]. Research and Development - Research and development expenses for the first three quarters of 2024 were CNY 33,457,040.40, an increase from CNY 30,715,445.47 in the same period of 2023, reflecting ongoing investment in innovation[13]. Future Outlook - The company plans to focus on market expansion and new product development in the upcoming quarters to drive growth[13].