广农糖业(000911) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was ¥334,954,771.03, a decrease of 15.86% compared to the same period last year[2] - The net profit attributable to shareholders was -¥42,366,239.91, representing a decline of 331.59% year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥53,123,298.83, a decrease of 386.55% compared to the previous year[2] - The average return on equity was -46.62%, a decline of 30.70% year-on-year[2] - The company reported a net loss of CNY 30,810,623.25, compared to a net profit of CNY 7,233,466.11 in the previous period[18] - Operating profit turned negative at CNY -22,266,265.39, down from a profit of CNY 13,065,948.36 in the prior period[18] - Basic earnings per share for Q3 2024 were -0.0682, compared to 0.0360 in the same period last year[19] Cash Flow - The net cash flow from operating activities decreased by 67.82% year-on-year, amounting to ¥66,810,395.63[5] - Total cash inflow from operating activities was 2,378,166,687.91 yuan, down 5.4% from 2,514,953,363.70 yuan year-on-year[20] - Cash outflow from operating activities totaled 2,311,356,292.28 yuan, slightly up from 2,307,318,321.55 yuan in the previous year[20] - Cash flow from investing activities was -83,483,668.25 yuan, a significant decline from 265,010,512.96 yuan in the previous year[20] - Cash inflow from financing activities was 2,046,698,360.46 yuan, down 29.9% from 2,917,438,826.50 yuan year-on-year[20] - Cash outflow from financing activities was 2,914,494,981.26 yuan, a decrease of 14.2% from 3,396,909,736.04 yuan in the previous year[20] - The ending balance of cash and cash equivalents was 477,580,322.94 yuan, down from 982,766,700.96 yuan in the previous year[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,578,045,688.48, down 23.73% from the end of the previous year[2] - The company's equity attributable to shareholders decreased by 28.11% to ¥69,723,553.01 compared to the end of the previous year[2] - The total liabilities decreased to CNY 3,418,417,958.75 from CNY 4,498,802,832.24, a decline of 24.1%[16] - The company's total liabilities decreased from CNY 2.73 billion to CNY 2.56 billion, a reduction of approximately 6.3%[14] - The company’s non-current assets decreased from CNY 1.96 billion to CNY 1.89 billion, a decline of about 3.5%[14] - The company reported a decrease in deferred income tax liabilities to CNY 5,830,269.71 from CNY 7,275,686.43, a decline of 19.8%[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 38,129, with the largest shareholder holding 38.23% of the shares[6] Government Support - The company received government subsidies totaling ¥12,540,998.62 during the reporting period, contributing to a 58.22% increase in other income compared to the previous year[5] Impairment and Provisions - The company reported a significant increase in credit impairment losses, which rose by 164.47% year-on-year, primarily due to increased bad debt provisions[5] Operational Changes - The company signed a share custody agreement with Guangxi Rural Investment Group, with an annual custody fee of CNY 750,000[11] - The company plans to extend the commitment to avoid competition until April 22, 2027[11] - The company plans to focus on market expansion and new product development as part of its future strategy[18] Accounting Standards - The company has not undergone an audit for the Q3 report[21] - The company is implementing new accounting standards starting from 2024[21]