苏垦农发(601952) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was CNY 2,395,410,632.52, a decrease of 28.12% compared to the same period last year[2]. - Net profit attributable to shareholders for Q3 2024 was CNY 161,291,238.09, down 35.30% year-on-year[2]. - The net profit excluding non-recurring gains and losses for Q3 2024 was CNY 151,783,288.52, a decrease of 33.91% compared to the previous year[2]. - Total operating revenue for the first three quarters of 2024 was CNY 7,451,957,523.48, a decrease of 13.5% compared to CNY 8,620,351,465.08 in the same period of 2023[18]. - Net profit for the first three quarters of 2024 was CNY 474,035,790.88, a decrease of 11.3% compared to CNY 534,624,129.67 in the same period of 2023[20]. - The net profit attributable to the parent company's shareholders for the first three quarters of 2024 is CNY 456,239,604.45, compared to CNY 530,647,907.42 in the same period of 2023, reflecting a decrease of approximately 14%[21]. - The total comprehensive income attributable to the parent company's shareholders for the first three quarters of 2024 is CNY 456,239,604.45, down from CNY 530,647,907.42 in 2023, indicating a decline of about 14%[21]. - Basic and diluted earnings per share for the first three quarters of 2024 are both CNY 0.33, compared to CNY 0.39 in the same period of 2023, representing a decrease of approximately 15.4%[21]. Cash Flow - The cash flow from operating activities for the year-to-date period was CNY 368,605,680.77, reflecting a significant decline of 63.69% year-on-year[7]. - Cash inflow from operating activities for the first three quarters of 2024 is CNY 8,125,329,758.71, down from CNY 9,988,887,515.26 in 2023, a decline of about 18.7%[23]. - Cash outflow from operating activities for the first three quarters of 2024 is CNY 7,756,724,077.94, compared to CNY 8,973,814,247.12 in 2023, reflecting a decrease of approximately 13.6%[23]. - The net cash flow from operating activities for the first three quarters of 2024 is CNY 368,605,680.77, down from CNY 1,015,073,268.14 in 2023, indicating a decline of about 63.7%[23]. - Cash inflow from investment activities for the first three quarters of 2024 is CNY 8,401,906,654.96, compared to CNY 7,483,057,118.13 in 2023, showing an increase of approximately 12.3%[23]. - Cash outflow from investment activities for the first three quarters of 2024 is CNY 7,798,860,784.64, compared to CNY 7,400,303,594.78 in 2023, reflecting an increase of about 5.4%[24]. - The net cash flow from investment activities for the first three quarters of 2024 is CNY 603,045,870.32, compared to CNY 82,753,523.35 in 2023, indicating a significant increase[24]. - The net cash flow from financing activities for the first three quarters of 2024 is CNY -803,817,782.80, compared to CNY -978,737,790.08 in 2023, showing an improvement[24]. Assets and Liabilities - Total assets at the end of Q3 2024 were CNY 14,437,513,721.14, a slight increase of 0.08% from the end of the previous year[3]. - Total liabilities as of the end of Q3 2024 were CNY 7,367,642,037.54, compared to CNY 7,332,535,756.83 in the same period of 2023[17]. - The company's total non-current assets were CNY 6,537,444,220.06, down from CNY 6,679,966,220.11 in the previous year[16]. - Current liabilities totaled CNY 2,506,598,347.61, an increase from CNY 2,452,643,843.40 in Q3 2023[16]. - The company's cash and cash equivalents as of September 30, 2024, amount to approximately 794.91 million RMB, an increase from 626.31 million RMB at the end of 2023[15]. - Accounts receivable increased to approximately 872.77 million RMB from 590.72 million RMB year-over-year[15]. - Inventory as of September 30, 2024, is approximately 3.95 billion RMB, up from 3.46 billion RMB at the end of 2023[15]. - The total current assets amount to approximately 7.90 billion RMB, compared to 7.75 billion RMB at the end of 2023[15]. Market and Operations - The company reported a significant decline in wheat sales prices, which narrowed profit margins and impacted overall profitability[6]. - The production of self-produced wheat for the first nine months of 2024 was 59.90 million tons, with a sales volume decrease of 9.08% year-on-year[8]. - The company experienced a decrease in cash flow due to integrated expansion and acquisition of wheat, alongside a slowdown in sales speed due to falling wheat prices[7]. - The company is focused on expanding its market presence and developing new products and technologies[12]. - The company plans to focus on market expansion and new product development in the upcoming quarters[20]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 45,772[9]. - Jiangsu Province Agricultural Reclamation Group Co., Ltd. holds 934,896,426 shares, accounting for 67.84% of the total shares[10]. - There are no significant changes in the shareholding structure among the top shareholders[12]. - The company has not reported any significant related party transactions among the top shareholders[12]. Research and Development - Research and development expenses for the first three quarters of 2024 amounted to CNY 70,283,741.05, an increase of 23.8% from CNY 56,739,204.17 in 2023[20].