Financial Performance - The company's operating revenue for Q3 2024 was ¥1,144,543,781.10, a decrease of 10.54% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was ¥52,227,144.35, down 16.08% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥57,818,365.47, a decrease of 4.93% compared to the previous year[2]. - Total operating revenue for Q3 2024 was ¥3,312,088,895.04, a decrease of 11.8% compared to ¥3,754,601,562.87 in Q3 2023[15]. - Total operating costs for Q3 2024 were ¥3,092,891,323.99, down 15.4% from ¥3,653,383,316.64 in the same period last year[15]. - Net profit for Q3 2024 reached ¥219,728,140.70, an increase of 75.5% compared to ¥125,221,350.68 in Q3 2023[15]. - Basic and diluted earnings per share for Q3 2024 were both ¥0.44, up from ¥0.25 in Q3 2023[16]. - The total comprehensive income for Q3 2024 was ¥219,750,170.92, significantly higher than ¥125,795,634.87 in Q3 2023[16]. Assets and Liabilities - The total assets as of September 30, 2024, were ¥4,345,303,237.09, reflecting a decrease of 3.81% from the end of the previous year[2]. - Total assets as of the end of Q3 2024 were ¥4,345,303,237.09, a decrease from ¥4,517,207,364.02 at the end of Q3 2023[14]. - Total liabilities decreased to ¥804,823,803.69 in Q3 2024 from ¥1,143,846,363.97 in Q3 2023, reflecting a significant reduction[14]. - The company's equity attributable to shareholders increased to ¥3,540,479,433.40 in Q3 2024, compared to ¥3,373,361,000.05 in Q3 2023, marking a growth of 4.9%[14]. Cash Flow - The company reported a net cash flow from operating activities of ¥1,754,539,718.93, down 28.01% year-on-year[2]. - The total cash inflow from operating activities for the period was CNY 3,576,009,935.64, a decrease of 2.5% compared to CNY 3,667,963,689.40 in the previous period[17]. - The net cash flow from operating activities was CNY 1,754,539,718.93, down 28% from CNY 2,437,069,798.46 in the prior period[17]. - Cash inflow from investment activities amounted to CNY 1,339,813,200.41, significantly up from CNY 86,975,533.04 in the previous period[17]. - The net cash flow from investment activities was CNY 2,974,442.28, recovering from a negative cash flow of CNY -158,954,441.99 in the prior period[17]. - Cash inflow from financing activities totaled CNY 718,438,359.48, down 57.5% from CNY 1,688,529,740.88 in the previous period[18]. - The net cash flow from financing activities was CNY -1,714,698,281.56, an improvement from CNY -2,151,933,870.93 in the prior period[18]. - The ending balance of cash and cash equivalents was CNY 545,933,189.52, down from CNY 756,506,229.39 in the previous period[18]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 38,232[8]. - Guangdong Yuehai Holding Group Co., Ltd. holds 51.52% of shares, totaling 258,478,227 shares[8]. - The total number of preferred shareholders is not applicable[11]. - The company has not disclosed any related party transactions among the top shareholders[10]. Operational Developments - The company is implementing a new 50,000 tons/year specialty malt production line project to enhance high-end malt production capacity[11]. - The company signed a financial services agreement with Yuehai Group Financial Co., Ltd., with a deposit balance of CNY 50 million as of the reporting period[11]. - The company has appointed Ernst & Young Hua Ming as the auditor for the 2024 financial statements, replacing PwC[11]. Other Financial Metrics - The weighted average return on equity was 1.49%, a decrease of 0.40 percentage points compared to the same period last year[2]. - Research and development expenses for Q3 2024 were ¥11,694,223.95, slightly down from ¥12,661,746.38 in Q3 2023[15]. - The company reported a net other comprehensive income of ¥22,030.22 for Q3 2024, compared to ¥574,284.19 in Q3 2023[16]. - The company experienced a significant increase in short-term borrowings, which rose by 81.52% to ¥397,132,127.85[4]. - The company’s management expenses increased by 55.55% to ¥98,343,268.66 due to higher wages and depreciation costs[5]. - The company reported a 529.89% increase in other operating income, amounting to ¥1,122,176.58, primarily from increased default guarantee deposits[5]. - The cash paid for purchasing goods and services was CNY 1,541,167,535.04, an increase of 51.5% from CNY 1,017,100,786.35 in the previous period[17]. - The cash paid for employee compensation was CNY 128,514,329.64, up from CNY 118,059,106.74 in the previous period[17]. - The company received CNY 27,966,428.74 in tax refunds, an increase of 117% compared to CNY 12,882,384.58 in the previous period[17]. - The cash flow from investing activities improved by 101.87%, reaching ¥2,974,442.28, mainly due to reduced cash payments for fixed assets[6]. - Accounts receivable increased to CNY 1,042.97 million from CNY 1,013.67 million[12]. - Inventory decreased to CNY 1,224.24 million from CNY 1,462.58 million[12].
永顺泰(001338) - 2024 Q3 - 季度财报