神农集团(605296) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 reached ¥1,583,421,912.96, representing a year-on-year increase of 36.32%[2] - Net profit attributable to shareholders for Q3 2024 was ¥356,310,852.03, a significant increase of 662.97% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was ¥358,099,472.66, up 652.25% year-on-year[2] - The basic earnings per share for Q3 2024 was ¥0.68, reflecting a 655.56% increase compared to the same period last year[4] - The diluted earnings per share for Q3 2024 was also ¥0.68, showing the same growth rate of 655.56%[4] - The weighted average return on equity increased by 6.82 percentage points to 7.90% for Q3 2024[4] - Total revenue for the first three quarters of 2024 reached ¥4,077,830,826.09, a significant increase of 42.0% compared to ¥2,869,484,621.76 in the same period of 2023[20] - The net profit attributable to shareholders for the first three quarters of 2024 was ¥1,965,624,735.05, compared to ¥1,485,366,746.20 in 2023, representing a growth of 32.4%[18] - The net profit for the third quarter of 2024 reached CNY 480,202,476.07, a significant recovery from a net loss of CNY -217,121,958.47 in the same period of 2023, marking a turnaround of over 320%[21] - The total comprehensive income for the third quarter of 2024 was CNY 480,202,476.07, compared to a loss of CNY -217,121,958.47 in the previous year, indicating a strong recovery in overall financial performance[23] Assets and Liabilities - Total assets at the end of Q3 2024 amounted to ¥6,515,254,342.08, marking a 14.21% increase from the end of the previous year[4] - The equity attributable to shareholders increased by 12.19% to ¥4,706,447,225.14 compared to the end of the previous year[4] - The company's total liabilities increased to ¥1,805,886,968.92, compared to ¥1,506,570,912.72 in the previous year, marking a rise of 19.8%[18] - Current assets totaled ¥2,485,885,329.61, an increase of 20.9% from ¥2,052,988,964.97 in December 2023[17] - The total equity attributable to shareholders rose to ¥4,706,447,225.14, compared to ¥4,195,154,807.57 in the previous year, reflecting an increase of 12.2%[18] - The company's total current liabilities increased to CNY 283,239,580.75 as of September 30, 2024, compared to CNY 155,648,452.73 at the end of 2023, marking an increase of approximately 82%[27] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥845,065,462.19, reflecting a substantial increase of 3,577.88% year-on-year[2] - Cash flow from operating activities for the first nine months of 2024 was CNY 845,065,462.19, a significant increase from a negative cash flow of CNY -24,298,290.29 in the same period of 2023[25] - The company reported a significant increase in cash inflows from operating activities, totaling CNY 4,161,407,075.38 for the first nine months of 2024, compared to CNY 2,868,650,797.30 in the same period of 2023[24] - The cash and cash equivalents at the end of the third quarter of 2024 totaled CNY 914,063,532.26, an increase from CNY 784,556,951.01 at the end of the same period in 2023[25] - The company's cash and cash equivalents increased to ¥951,727,149.86 from ¥544,413,163.07, a rise of 75.0%[16] Investments and Projects - The company has established "Wuding Weilai Mining Development Co., Ltd." with an investment of RMB 25 million to engage in non-coal mining and mineral resource exploration[13] - The company plans to invest in the "Shennong Group's 500,000 tons feed phase II project" in Luliang County, with a land use right payment of RMB 17.7788 million[14] - The investment in the "Cangzhou Shennong Animal Husbandry Co., Ltd. Zhaowa Pig Farm Project" has been changed from an annual output of 140,000 commercial pigs to 480,000 quality piglets, with total investment increased from RMB 160 million to RMB 300 million[15] Shareholder Information - The total number of common shareholders at the end of the reporting period is 16,994, with the largest shareholder holding 49.73% of the shares[9] - The top five shareholders include He Zuxun (49.73%), He Qiaoguan (11.48%), Yunnan Zhengdao Investment Development Partnership (10.03%), He Yuebin (7.65%), and He Baojian (7.65%)[9] Research and Development - Research and development expenses decreased to ¥10,228,459.46 from ¥14,563,195.51, a reduction of 29.9% year-over-year[20] - Research and development expenses decreased significantly to CNY 7,387,391.46 in 2024 from CNY 14,563,195.51 in 2023, a reduction of about 49.3%[29] Other Financial Metrics - Operating costs for the first three quarters of 2024 were ¥3,597,382,842.45, up from ¥2,990,643,645.29 in 2023, indicating a 20.4% increase[20] - The company's short-term borrowings decreased significantly to CNY 20,016,666.64 from CNY 50,046,375.00, a reduction of about 60%[27] - The company's long-term equity investments increased to CNY 2,072,168,472.91 from CNY 1,958,834,581.52, reflecting an increase of about 5.8%[26] - The company did not apply new accounting standards or interpretations for the first time in 2024[32]