Financial Performance - Net profit attributable to shareholders rose by 20.04% to CNY 9,540,656.58 for the first nine months of 2024, up from CNY 7,947,696.90 in the same period of 2023[4] - The company reported a 166.79% increase in net profit attributable to shareholders for Q3 2024, reaching CNY 1,797,984.49, compared to a loss of CNY 2,691,889.43 in Q3 2023[4] - Net profit for the first nine months of 2024 reached CNY 9,942,855.70, compared to CNY 7,356,400.37 in the same period of 2023, representing a growth of 35.4%[22] - Net profit for the first nine months of 2024 was ¥7,113,987.83, compared to ¥8,661,771.72 in the same period of 2023, indicating a decline of approximately 17.9%[23] Revenue and Costs - Operating revenue for the first nine months of 2024 decreased by 4.85% to CNY 51,883,089.46, compared to CNY 54,528,997.88 in the previous year[4] - Total operating revenue for the first nine months of 2024 was CNY 51,883,089.46, a decrease of 2.4% compared to CNY 54,528,997.88 in the same period of 2023[21] - Total operating costs increased to CNY 58,563,320.52, up 5.5% from CNY 55,353,724.23 year-over-year[21] - Operating costs decreased to ¥31,022,962.62 from ¥32,953,055.54, reflecting a reduction of approximately 5.9%[23] Assets and Liabilities - Total assets increased by 44.72% to CNY 779,845,022.02 as of September 30, 2024, compared to CNY 538,862,673.54 at the end of 2023[4] - Current assets totaled ¥617,499,114.02, up from ¥394,829,550.46, indicating a growth of about 56.5% year-over-year[15] - Total liabilities amounted to ¥365,419,646.72, compared to ¥266,036,392.54, which is an increase of around 37.4%[17] - Total liabilities decreased to CNY 183,718,416.56 from CNY 230,807,617.75, a reduction of 20.4%[20] Cash Flow - Cash flow from operating activities decreased by 19.33% to CNY 83,017,039.59, down from CNY 102,913,965.85 year-on-year[4] - Operating cash inflow for the first nine months of 2024 was CNY 143,155,492.99, a decrease of 37.3% compared to CNY 228,318,451.46 in the same period of 2023[27] - Cash inflow from financing activities totaled CNY 173,050,720.00, significantly higher than CNY 33,000,000.00 in the same period last year[28] - Cash outflow for operating activities was CNY 172,223,785.44, compared to CNY 164,156,874.30 in the same period of 2023, indicating a rise of 4.0%[28] Shareholder Information - The largest shareholder, Fang Yanli, holds 36,595,000 shares, representing 51.56% of total shares[10] - The total number of unrestricted shares increased from 27,705,600 to 29,827,200, representing a change of 2,080,800 shares, or an increase of 7.5%[8] - The total number of restricted shares decreased from 43,266,600 to 41,145,000, a reduction of 2,121,600 shares, or a decrease of 4.9%[8] - The number of shareholders holding more than 5% of shares is concentrated, with the top ten shareholders holding a total of 46,011,227 shares, or 64.83% of total shares[10] Research and Development - Research and development expenses increased by 45.42% to CNY 8,588,924.27, reflecting the company's commitment to innovation[5] - Research and development expenses for the first nine months of 2024 were CNY 8,588,924.27, an increase of 45.4% compared to CNY 5,906,372.79 in the same period of 2023[21] - Research and development expenses increased significantly to ¥8,588,924.27, up from ¥5,659,576.78, representing a rise of about 52.3%[23] Future Outlook - The company plans to expand its market presence and enhance product offerings, supported by the significant increase in cash reserves[6] - Future outlook indicates a focus on market expansion and new product development to drive revenue growth in the upcoming quarters[21] - The company plans to continue investing in new technologies and market expansion strategies to drive future growth[23] - The company has indicated a focus on improving operational efficiency and reducing costs in the upcoming quarters[23] Other Information - The company reported no litigation or arbitration matters during the reporting period[11] - There were no new commitments disclosed during the reporting period, and all previously disclosed commitments are being fulfilled as scheduled[14] - The company has engaged in routine related-party transactions, which were disclosed in a timely manner[11] - Non-recurring gains totaled ¥14,560,013.04, with a net amount of ¥11,741,242.54 after tax impacts and minority interests[7]
康农种业(837403) - 2024 Q3 - 季度财报