TECON(002100)2024-10-28 09:58Revenue and Profit - Revenue for the reporting period decreased by 11.30% year-on-year to RMB 5,094,109,610.67[2] - Net profit attributable to shareholders of the listed company increased by 606.08% year-on-year to RMB 288,941,466.59[2] - Total operating revenue for the current period is 13,087,153,128.58 RMB, compared to 14,705,995,884.82 RMB in the previous period[16] - Net profit attributable to parent company shareholders was 565.624 million CNY, compared to a net loss of 504.382 million CNY in the previous period[17] - Basic earnings per share were 0.41 CNY, compared to a loss of 0.37 CNY per share in the prior period[18] Assets and Liabilities - Total assets as of the end of the reporting period increased by 1.02% compared to the end of the previous year to RMB 16,921,978,404.92[2] - Total current assets are 9,115,407,832.64 RMB, slightly higher than the previous 8,960,844,383.94 RMB[14] - Fixed assets increased to 5,810,834,455.61 RMB from 5,333,720,373.83 RMB[14] - Total liabilities decreased to 8,441,565,786.49 RMB from 8,836,902,688.33 RMB[15] - Total equity increased to 8,480,412,618.43 RMB from 7,914,756,926.08 RMB[15] - Short-term borrowings decreased to 2,537,021,478.74 RMB from 3,319,416,995.67 RMB[14] - Long-term borrowings increased to 1,639,514,970.00 RMB from 1,225,360,197.17 RMB[15] - Retained earnings increased to 1,112,741,515.88 RMB from 581,393,600.95 RMB[15] Cash Flow - Net cash flow from operating activities decreased by 34.97% year-on-year to RMB 2,145,466,965.45 due to reduced corn storage and oil processing sales[7] - Operating cash flow decreased to 2,145,466,965.45, down 34.96% compared to the previous period[20] - Investment cash outflow increased to 597,843,758.01, up 45.93% compared to the previous period[20] - Financing cash inflow decreased to 3,763,906,836.89, down 42.45% compared to the previous period[20] - Cash and cash equivalents increased to 3,482,161,346.18, up 30.29% compared to the beginning of the period[20] - Sales revenue from goods and services received in cash was 12.702 billion CNY, a decrease from 14.168 billion CNY in the previous period[19] - Operating cash inflow totaled 12.780 billion CNY, down from 14.236 billion CNY in the prior period[19] R&D and Expenses - R&D expenses increased by 40.10% year-on-year to RMB 249,626,186.54 due to increased R&D investment[6] - R&D expenses increased to 249.626 million CNY, up from 178.180 million CNY in the prior period[17] - Sales expenses decreased to 353.353 million CNY from 390.582 million CNY in the previous period[17] - Management expenses rose to 345.480 million CNY from 323.159 million CNY in the prior period[17] - Financial expenses decreased to 117.202 million CNY from 157.199 million CNY in the previous period[17] - Interest expenses dropped to 137.879 million CNY from 199.671 million CNY in the prior period[17] - Interest income decreased to 28.569 million CNY from 44.012 million CNY in the previous period[17] Inventory and Trade - Inventory decreased by 34.22% compared to the end of the previous year to RMB 2,995,707,795.88 due to sales of cottonseed and corn[6] - Inventory increased to 4,554,052,219.74 RMB from 2,995,707,795.88 RMB[14] - Trade receivables increased by 60.37% compared to the end of the previous year to RMB 675,355,554.22 due to changes in sales policies and settlement models[6] - Prepayments increased by 123.11% compared to the end of the previous year to RMB 862,495,429.00 due to new cottonseed raw material purchases[6] Government Subsidies and Shareholders - Government subsidies received during the reporting period increased by 37.56% year-on-year to RMB 49,596,015.55[6] - Total number of ordinary shareholders at the end of the reporting period is 64,052[8] - Xinjiang Production and Construction Corps State-owned Assets Management Co., Ltd. holds 21.58% of shares, totaling 294,580,922 shares[8] - Beijing Rongyuan Baotong Asset Management Partnership holds 5.04% of shares, totaling 68,754,835 shares[8] - Hainan Tianbang Hongkang Venture Capital Co., Ltd. holds 4.58% of shares, totaling 62,580,733 shares[8] - Xinjiang Academy of Animal Science holds 2.09% of shares, totaling 28,499,744 shares[8] - China Merchants Bank Co., Ltd. - Guotai Zhongzheng Livestock Breeding ETF holds 1.73% of shares, totaling 23,633,902 shares[8] - Xinjiang Tianda Biological Products Co., Ltd. holds 1.65% of shares, totaling 22,510,000 shares[8] - Hong Kong Securities Clearing Company Ltd. holds 1.41% of shares, totaling 19,286,468 shares[8] - China Construction Bank Corporation - Harvest Agricultural Industry Stock Fund holds 1.31% of shares, totaling 17,926,671 shares[8] Monetary Funds and Other Financials - Monetary funds at the end of the period amounted to 3,650,405,232.45 yuan, an increase from 2,821,543,685.04 yuan at the beginning of the period[13] - Total operating costs for the current period are 12,617,293,868.82 RMB, compared to 15,185,082,263.25 RMB in the previous period[16] - The company's third quarter report was not audited[21]