圣农发展(002299) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was ¥4,924,935,118.31, an increase of 1.62% year-on-year, while the year-to-date revenue decreased by 1.18% to ¥13,762,170,767.34[1] - Net profit attributable to shareholders for Q3 2024 was ¥280,660,240.88, down 10.38% year-on-year, and year-to-date net profit decreased by 48.25% to ¥382,714,503.74[1] - The basic earnings per share for Q3 2024 was ¥0.2274, a decrease of 10.65% compared to the same period last year, with year-to-date earnings per share down 48.52%[1] - Total operating revenue for the current period is CNY 13,762,170,767.34, a decrease of 1.18% compared to CNY 13,926,817,324.61 in the previous period[20] - Net profit for the current period is CNY 368,027,024.27, down 49.5% from CNY 727,101,891.34 in the previous period[21] - Earnings per share (EPS) for the current period is CNY 0.3090, compared to CNY 0.6002 in the previous period[22] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥21,912,570,301.92, a decrease of 2.67% from the end of the previous year[1] - The company’s total liabilities decreased by 2.67% compared to the previous year, reflecting a reduction in long-term borrowings by 82.73%[7] - Total liabilities stood at RMB 10,642,058,078.06, slightly up from RMB 10,619,238,830.71, indicating a marginal increase[18] - Long-term borrowings significantly decreased from RMB 751,526,367.62 to RMB 129,826,032.12, a decline of about 82.8%[18] - The asset-liability ratio at the end of the reporting period was 52.79%, a decrease of 1.35 percentage points from the beginning of the year[11] Cash Flow - Cash flow from operating activities for the year-to-date period increased by 54.54% to ¥2,241,409,572.03[1] - Net cash flow from operating activities increased by CNY 790.9953 million, a growth of 54.54%, mainly due to a significant decrease in feed raw material prices[10] - The net cash flow from operating activities for Q3 2024 was approximately CNY 2.24 billion, an increase of 54.4% compared to CNY 1.45 billion in Q3 2023[24] - Cash inflow from operating activities totaled CNY 14,485,772,419.05, a decrease from CNY 14,912,057,498.47 in the previous period[23] - The net cash flow from financing activities was negative CNY 1.38 billion, a significant decline from a positive CNY 1.13 billion in Q3 2023[24] Investments - The company reported a significant increase in long-term equity investments, which rose by 321.66% to ¥35,608.28 million, primarily due to investments in Anhui Taiyanggu Food Technology Co., Ltd.[6] - Investment income rose by CNY 54.4505 million, a growth of 133.14%, primarily from the investment in Anhui Taiyanggu Food Technology Co., Ltd.[8] - Fair value changes in investment increased by CNY 11.4225 million, a growth of 1,217.62%, mainly due to the fair value changes of the equity investment in Huadong Bank[8] - Cash inflow from investment activities was CNY 2.59 billion, down 62.7% from CNY 6.97 billion in the same quarter last year[24] Expenses - Sales expenses increased by CNY 144.615 million, a growth of 44.86%, mainly due to increased marketing efforts for the company's own brand[8] - The company reported a decrease in sales expenses to CNY 467,020,593.72 from CNY 322,405,564.67 in the previous period, indicating a significant increase of 45%[20] - Research and development expenses decreased to CNY 68,958,222.86 from CNY 83,741,628.22 in the previous period, reflecting a reduction of 17.7%[20] Government Support - The company received government subsidies amounting to ¥14,900,798.97 during the reporting period, which positively impacted its financial performance[3] Other Financial Metrics - The annual turnover of accounts receivable was 19.68 times, reflecting effective control over receivables risk[11] - The annual turnover of inventory increased by 0.30 times to 5.29 times, indicating strong inventory management[12] - The company reduced interest-bearing financing by approximately CNY 500 million compared to the beginning of the year, emphasizing control over financing scale[10] - The company paid CNY 1.65 billion in cash to employees, an increase of 14.5% from CNY 1.44 billion in the previous year[24] - The cash paid for taxes was CNY 205.71 million, which is a 107.5% increase compared to CNY 98.90 million in Q3 2023[24]