Financial Performance - The company's operating revenue for Q3 2024 was ¥1,050,200,477.82, a decrease of 33.82% compared to the same period last year[2] - The net profit attributable to shareholders for Q3 2024 was ¥136,473.13, down 99.51% year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was -¥8,940,517.06, a decline of 167.16% compared to the previous year[2] - The net cash flow from operating activities for Q3 2024 was ¥130,322,590.11, a decrease of 42.42% year-on-year[2] - The basic earnings per share for Q3 2024 was ¥0.0001, down 99.61% compared to the same period last year[4] - Total revenue for the first three quarters of 2024 was CNY 3,022,240,634.58, a decrease of 30.4% compared to CNY 4,351,995,490.02 in the same period of 2023[18] - The net profit from continuing operations for Q3 2024 is CNY 82,504,042.09, a decrease of 45.6% compared to CNY 151,322,039.19 in Q3 2023[21] - The total operating profit for Q3 2024 is CNY 101,944,334.16, down 35.2% from CNY 157,427,391.31 in Q3 2023[21] - The total comprehensive income for Q3 2024 is CNY 82,504,042.09, a decrease from CNY 151,322,039.19 in Q3 2023[21] - The total profit attributable to shareholders of the parent company for Q3 2024 is CNY 55,368,125.49, compared to CNY 100,340,370.83 in Q3 2023[21] Assets and Liabilities - The total assets at the end of Q3 2024 were ¥5,218,613,090.21, an increase of 8.00% from the end of the previous year[4] - The equity attributable to shareholders at the end of Q3 2024 was ¥1,918,801,307.20, an increase of 2.96% year-on-year[4] - Current assets increased to CNY 3,738,887,817.49 as of September 30, 2024, up from CNY 3,380,190,581.15 at the end of 2023, representing a growth of 10.6%[16] - Total liabilities reached CNY 2,293,722,500.18, up from CNY 1,955,833,116.04, marking an increase of 17.3%[17] - Non-current assets totaled CNY 1,479,725,272.72, slightly up from CNY 1,452,022,633.74, showing a growth of 1.9%[16] Cash Flow - The company's cash and cash equivalents decreased to CNY 1,035,840,897.68 from CNY 1,206,136,311.20, a decline of 14.1%[16] - The cash flow from operating activities for the first three quarters of 2024 is CNY 5,696,550,914.33, an increase from CNY 5,535,701,951.64 in the same period of 2023[22] - The net cash flow from operating activities for the first three quarters of 2024 is CNY -246,485,245.37, compared to CNY 278,760,931.65 in the first three quarters of 2023[22] - Net cash flow from investing activities was -$38,706,427.83, compared to -$416,672,087.46 in the previous period[23] - Total cash inflow from financing activities was $293,530,000.00, down from $460,707,500.00 in the previous period[23] - Net cash flow from financing activities was $71,797,600.19, compared to $310,306,291.91 in the previous period[23] - Cash outflow from investing activities totaled $1,546,175,225.43, compared to $1,201,693,529.10 in the previous period[23] - The company reported a net increase in cash and cash equivalents of -$213,371,040.02, compared to an increase of $172,395,136.10 in the previous period[23] Shareholder Information - The total number of common shareholders at the end of the reporting period is 124,052[9] - China Agricultural Development Group Co., Ltd. holds 130,663,154 shares, accounting for 12.07% of the total shares[10] - China Nongken Group Co., Ltd. holds 250,250,000 shares, representing 23.12% of the total shares[10] - A total of 14,356,069 shares held by China Nongken Group Co., Ltd. are frozen due to a legal dispute[10] - China Nongken Group Co., Ltd. has pledged 22,000,000 shares to secure debts[10] - The top ten shareholders include state-owned enterprises, with significant stakes held by China Nongken Group and China Agricultural Development Group[10] - The report indicates no impact on the company's control or normal operations due to the frozen and pledged shares[10] - The top ten shareholders have not participated in margin trading or securities lending activities[11] Operational Insights - The company reported a significant decrease in pesticide and fertilizer business revenue, impacting overall performance[7] - The company experienced a substantial increase in cash outflows for purchasing goods, affecting cash flow from operating activities[7] - The company has not reported any changes in the operational situation during the reporting period[14] - There are no applicable audit opinion types for the quarterly financial statements[14] Expenses - The total operating costs for Q3 2024 amount to CNY 3,004,390,987.61, a reduction of 29.3% from CNY 4,243,820,552.74 in Q3 2023[20] - Research and development expenses for Q3 2024 are CNY 47,255,344.56, a decrease of 9.7% compared to CNY 52,276,292.43 in Q3 2023[20] - The company's retained earnings increased to CNY 398,797,005.82 from CNY 343,428,880.33, reflecting a growth of 16.2%[17] - The company reported a significant increase in prepayments, which rose to CNY 852,423,553.21 from CNY 460,565,475.03, an increase of 84.9%[16]
农发种业(600313) - 2024 Q3 - 季度财报