VVFB(600300)2024-10-25 08:23Financial Performance - The company's operating revenue for Q3 2024 decreased by 28.07% year-on-year, totaling approximately ¥2.69 billion[3] - Net profit attributable to shareholders increased by 31.62% in Q3 2024, amounting to approximately ¥246 million[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses rose by 30.30%, reaching approximately ¥169 million in Q3 2024[3] - Basic and diluted earnings per share for Q3 2024 were both ¥0.15, reflecting an increase of 50.00%[3] - Total operating revenue for the first three quarters of 2024 was CNY 2,688,704,857.42, a decrease of 19.2% compared to CNY 3,323,148,749.65 in the same period of 2023[14] - Net profit for the first three quarters of 2024 reached CNY 245,516,062.21, an increase of 87.0% compared to CNY 131,225,166.52 in 2023[15] - Earnings per share for the first three quarters of 2024 was CNY 0.15, compared to CNY 0.08 in the same period of 2023[16] - The company's operating profit for the first three quarters of 2024 was CNY 143,606,956.14, a decrease of 8.63% compared to CNY 157,216,226.68 in the same period of 2023[25] Cash Flow - Cash flow from operating activities decreased significantly by 71.04%, totaling approximately ¥103 million[3] - The cash inflow from operating activities for the first three quarters of 2024 was approximately ¥3.15 billion, a decrease of 17.5% compared to ¥3.81 billion in the same period of 2023[17] - The net cash flow from operating activities was ¥103.23 million, significantly down from ¥750.23 million in the previous year, reflecting a decline of 86.2%[17] - The total cash inflow from investment activities increased to ¥188.74 million, up from ¥166.39 million in the same period last year, marking an increase of 13.5%[19] - The net cash flow from investment activities was ¥104.26 million, compared to ¥78.27 million in the previous year, representing a growth of 33.3%[19] - The cash inflow from financing activities was ¥157.79 million, a decrease of 56.1% from ¥358.99 million in the same period of 2023[19] - The net cash flow from financing activities showed a significant negative shift, with a net outflow of ¥141.74 million compared to a net outflow of ¥479.41 million last year[19] - The total cash and cash equivalents at the end of September 2024 were ¥727.02 million, down from ¥879.54 million at the end of 2023, indicating a decrease of 17.3%[21] - The company's cash inflow from operating activities showed resilience despite a decline in sales revenue, indicating improved operational efficiency[28] Assets and Liabilities - Total assets as of the end of the reporting period increased by 0.56% compared to the end of the previous year, amounting to approximately ¥4.47 billion[3] - Shareholders' equity attributable to the parent company increased by 4.45% year-on-year, totaling approximately ¥3.16 billion[3] - Total current assets increased to 1,830,928,495.21 RMB from 1,619,228,845.37 RMB year-over-year[11] - Total assets as of September 30, 2024, are 4,491,136,082.74 RMB, compared to 4,465,927,258.57 RMB at the end of 2023[12] - The company reported a total non-current asset value of 2,660,207,587.53 RMB, down from 2,846,698,413.20 RMB[12] - Total liabilities decreased to CNY 1,128,871,386.84 in Q3 2024 from CNY 1,243,192,707.97 in Q3 2023, a reduction of 9.2%[13] - Total equity increased to CNY 3,362,264,695.90 in Q3 2024 from CNY 3,222,734,550.60 in Q3 2023, reflecting a growth of 4.3%[13] - The total liabilities and equity as of Q3 2024 amounted to CNY 4,491,136,082.74, slightly up from CNY 4,465,927,258.57 in Q3 2023[13] Shareholder Information - The total number of common shareholders at the end of the reporting period is 65,306[8] - The largest shareholder, Xuzhou Xingsheng Investment Holding Group Co., Ltd., holds 499,928,000 shares, accounting for 30.91% of total shares[8] Research and Development - Research and development expenses for the first three quarters of 2024 were CNY 5,576,604.68, up 19.3% from CNY 4,673,499.37 in 2023[14] - Research and development expenses for the first three quarters of 2024 were CNY 4,813,398.02, compared to CNY 4,121,976.28 in the same period of 2023, reflecting an increase of 16.83%[25] Financial Expenses - Financial expenses decreased significantly to CNY 4,842,775.91 in 2024 from CNY 13,029,069.65 in 2023, a reduction of 62.8%[14] - The company's financial expenses decreased significantly to CNY 2,638,007.56 from CNY 12,437,926.50 in the previous year, indicating a reduction of 78.77%[25] Non-Recurring Gains - Non-recurring gains included government subsidies amounting to approximately ¥831 thousand for the current period[4] - The increase in net profit was primarily driven by asset disposal gains from the subsidiary Jinan Weiweiy Dairy Co., Ltd. due to relocation[6] - The company reported an asset disposal gain of CNY 102,649,245.69 in 2024, compared to a loss of CNY 3,950,376.31 in 2023[15]