JONJEE(SH:600872)2024-10-25 09:46Financial Performance - The company's operating revenue for Q3 2024 was CNY 1,327,758,283.03, representing a year-on-year increase of 2.23%[2] - Net profit attributable to shareholders for the same period was CNY 226,440,418.82, reflecting a significant increase of 32.90% compared to the previous year[2] - Basic earnings per share for Q3 2024 reached CNY 0.2906, up by 31.55% year-on-year[3] - The company achieved a total revenue of 3.946 billion RMB for the first nine months of 2024, a decrease of 6.8662 million RMB, representing a decline of 0.17% year-on-year[9] - The consolidated net profit for the first nine months of 2023 was 637 million RMB, an increase of 1.875 billion RMB year-on-year[10] - The net profit attributable to the parent company was 576 million RMB, up 1.849 billion RMB year-on-year[10] - The company reported a net profit of 16.197 million RMB from the headquarters, a significant increase of 1.763 billion RMB year-on-year, largely due to the reversal of provisions related to a lawsuit[10] - The net profit for the third quarter of 2024 reached CNY 636,810,826.88, a significant recovery from a net loss of CNY 1,237,802,632.73 in the same period of 2023[17] - The total revenue from operating activities for the first three quarters of 2024 was CNY 4,396,545,585.18, slightly up from CNY 4,379,753,161.57 in the previous year[19] - The operating profit for the third quarter was CNY 747,006,536.19, compared to CNY 574,878,344.43 in the same quarter of 2023, indicating a year-over-year increase[17] Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 7,472,148,214.53, an increase of 11.21% compared to the end of the previous year[3] - Total assets increased to CNY 7,472,148,214.53 from CNY 6,718,881,439.74 year-over-year[15] - Total liabilities rose to CNY 2,025,656,863.55, compared to CNY 1,518,352,188.76 in the previous year[14] - The company's total equity increased to CNY 5,446,491,350.98 from CNY 5,200,529,250.98 year-over-year[15] - Short-term borrowings increased significantly to CNY 440,000,000.00 from CNY 100,000,000.00[14] Cash Flow and Investments - The company's cash and cash equivalents as of September 30, 2024, were 404.63 million RMB, down from 500.45 million RMB at the end of 2023[12] - The cash flow from operating activities generated a net amount of CNY 914,201,209.36, an increase from CNY 844,936,774.05 in the previous year[20] - The investment activities resulted in a net cash outflow of CNY 1,161,224,650.18, compared to a net outflow of CNY 650,648,781.54 in the previous year[20] - The financing activities generated a net cash inflow of CNY 145,810,425.35, recovering from a net outflow of CNY 1,992,369.98 in the same period last year[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 60,809, reflecting a diverse shareholder base[7] - The top shareholder, Zhongshan Torch Group Co., Ltd., holds 11.02% of the shares, indicating strong institutional support[7] Operational Highlights - The company has optimized its product structure, contributing to the increase in net profit and overall performance[6] - The subsidiary Meiwai Xian generated a revenue of 3.808 billion RMB, an increase of 17.3388 million RMB, reflecting a growth of 0.46% year-on-year, mainly driven by increased sales of chicken essence and cooking oil[9] - The subsidiary Zhongju Precision reported a revenue of 45.7086 million RMB, an increase of 12.3238 million RMB, reflecting a growth of 36.91% year-on-year due to business transformation[10] Legal and Compliance - The company has resolved ongoing litigation with the Industrial Union Company, with all three lawsuits withdrawn and the related asset freeze lifted[11] Cost Management - Total operating costs decreased to CNY 3,275,872,184.10 from CNY 3,419,182,947.19 year-over-year[16] - Research and development expenses for the first three quarters of 2024 were CNY 122,180,587.18, compared to CNY 136,219,699.00 in the previous year[16] - The company reported a decrease in sales expenses to CNY 365,917,908.94 from CNY 330,842,321.58 year-over-year[16] Other Income - The company reported a total of CNY 26,566,511.05 in other income for the third quarter, compared to CNY 13,094,214.55 in the same quarter of 2023[17]