Financial Performance - The company's revenue for Q3 2024 was ¥437,643,545.87, representing a 7.37% increase compared to the same period last year[3]. - Net profit attributable to shareholders for Q3 2024 was ¥32,950,151.86, a 36.02% increase year-over-year[3]. - The basic earnings per share for Q3 2024 was ¥0.07, reflecting a 40.00% increase compared to the same period last year[3]. - The company reported a 55.85% increase in net profit attributable to shareholders after deducting non-recurring items, totaling ¥29,359,815.77 for Q3 2024[3]. - The net profit for Q3 2024 was ¥113,644,663.22, compared to ¥109,081,986.02 in Q3 2023, representing an increase of about 4.7%[19]. - The total profit for Q3 2024 reached ¥132,925,671.99, up from ¥126,321,584.44 in the same period last year, indicating a growth of approximately 5.0%[19]. - The basic and diluted earnings per share for Q3 2024 were both ¥0.23, an increase from ¥0.21 in Q3 2023, reflecting a growth of about 9.5%[20]. - The company’s total assets stood at CNY 4,176,019,886.52, slightly down from CNY 4,203,040,581.16 at the start of the year[17]. - The net profit attributable to the parent company increased to CNY 510,566,537.19, up from CNY 471,966,914.86, showing a positive trend in profitability[17]. Cash Flow and Liquidity - The company's cash flow from operating activities for the year-to-date was -¥267,773,365.77, a decline of 184.92% compared to the same period last year[9]. - Cash inflows from operating activities in Q3 2024 totaled ¥1,962,906,023.70, slightly down from ¥1,979,613,910.07 in Q3 2023, a decrease of approximately 0.8%[21]. - Net cash flow from operating activities was -CNY 267,773,365.77, compared to -CNY 93,981,587.32 in the prior period[22]. - Cash inflow from financing activities was CNY 37,800,011.55, down from CNY 39,021,970.79 in the previous period[22]. - The ending balance of cash and cash equivalents was CNY 1,093,186,803.49, compared to CNY 1,005,218,240.40 at the end of the previous period[22]. Assets and Liabilities - Total assets as of September 30, 2024, were ¥4,176,019,886.52, a decrease of 0.64% from the end of the previous year[3]. - Non-current assets totaled CNY 614,822,001.15, down from CNY 641,634,828.29 at the beginning of the year, reflecting a strategic asset management approach[17]. - Current liabilities decreased to CNY 1,939,324,381.82 from CNY 2,013,254,658.40, indicating improved liquidity management[17]. - The company reported a cash balance of ¥1,263,341,951.98 at the end of September 2024, down from ¥1,603,977,815.79 at the beginning of the period[15]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 22,347, with the largest shareholder, China Grain Oil Group Co., Ltd., holding 39.48% of shares, equating to 202,243,856 shares[10]. - The top ten shareholders include several investment partnerships, with the second-largest shareholder holding 7.33% of shares, or 37,572,900 shares[10]. - The company has a total of 308,860,645 restricted shares, all of which were released from restrictions on September 9, 2024[14]. - The total number of preferred shareholders is not applicable, indicating no preferred shares were issued[12]. Operational Highlights - The company received government subsidies amounting to ¥4,483,711.11 in Q3 2024, contributing to its financial performance[5]. - The company experienced a significant increase of 115.60% in prepayments, totaling ¥336,133,908.89, due to increased business scale[7]. - The company reported a 323.07% increase in construction in progress, amounting to ¥3,805,662.82, indicating ongoing investment in fixed assets[7]. - The company is focusing on expanding its market presence and developing new products to drive future growth[16]. - The company plans to continue its investment in technology and innovation to enhance operational efficiency and product offerings[16]. Cost Management - Total operating revenue for Q3 2024 was CNY 1,331,954,289.74, a decrease of 6.0% compared to CNY 1,417,196,965.26 in the same period last year[18]. - Total operating costs decreased to CNY 1,194,879,593.80, down 6.1% from CNY 1,272,729,818.15 year-over-year[18]. - Gross profit margin improved, with operating costs at CNY 975,868,337.04, compared to CNY 1,069,120,068.54 in the previous year, indicating a focus on cost management[18]. Research and Development - R&D expenses for Q3 2024 amounted to ¥86,647,804.38, an increase from ¥83,622,519.67 in Q3 2023, reflecting a growth of approximately 3.6%[19].
中粮科工(301058) - 2024 Q3 - 季度财报