Fortune(SH:600965)2024-10-25 09:57Financial Performance - The company's operating revenue for Q3 2024 was ¥248,183,983.08, a decrease of 6.85% compared to the same period last year[2] - The net profit attributable to shareholders for the same period was -¥1,796,047.17, representing a decline of 104.13% year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,666,363.67, down 96.03% year-on-year[2] - Total operating revenue for the first three quarters of 2024 was CNY 708,098,129.24, a decrease of 15.4% compared to CNY 837,671,026.34 in the same period of 2023[13] - Net profit for the first three quarters of 2024 was CNY 27,693,380.79, significantly lower than CNY 136,379,829.41 in the same period of 2023, representing a decline of 79.7%[15] - Earnings per share for the first three quarters of 2024 were CNY 0.0353, down from CNY 0.1664 in 2023, indicating a decrease of 78.8%[15] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,611,837,713.21, an increase of 1.92% compared to the end of the previous year[3] - As of September 30, 2024, total assets amounted to RMB 2,611,837,713.21, an increase from RMB 2,562,669,961.56 as of December 31, 2023, reflecting a growth of approximately 1.14%[10] - The total liabilities of the company increased, indicating a potential shift in financial leverage and risk profile[11] - The total liabilities increased to CNY 458,121,859.08 in 2024 from CNY 394,974,009.42 in 2023, marking an increase of 15.9%[14] - The total equity attributable to shareholders of the parent company was CNY 2,130,074,986.55 in 2024, slightly down from CNY 2,141,254,269.86 in 2023, a decrease of 0.5%[14] Cash Flow - The cash flow from operating activities for the year-to-date was ¥89,140,640.11, an increase of 88.79% compared to the same period last year[2] - In the first three quarters of 2024, the cash inflow from operating activities was CNY 780,558,559.71, a decrease of 18.98% compared to CNY 963,584,608.73 in the same period of 2023[16] - The net cash flow from operating activities increased to CNY 89,140,640.11, up 88.83% from CNY 47,216,402.89 in the previous year[16] - Cash inflow from financing activities was CNY 79,973,671.23, with a net cash flow of CNY 29,803,801.99, compared to a net outflow of -CNY 57,661,396.95 in 2023[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 27,323[6] - The largest shareholder, Fucheng Investment Group Co., Ltd., holds 34.51% of the shares, totaling 282,510,774 shares[6] Operational Challenges - The company experienced a significant decline in profits due to lower live cattle market prices and a decrease in food processing sales volume[5] - Research and development expenses for the first three quarters of 2024 were CNY 217,079.12, a substantial decrease from CNY 1,723,790.91 in 2023, reflecting a reduction of 87.4%[14] - Sales expenses for the first three quarters of 2024 were CNY 97,729,072.00, down 21.1% from CNY 123,968,993.87 in 2023[14]