GUANNONG SHARE(SH:600251)2024-10-29 09:03Financial Performance - Revenue for Q3 2024 was approximately ¥438.67 million, a decrease of 55.26% compared to the same period last year[2] - Net profit attributable to shareholders for Q3 2024 was approximately ¥29.37 million, down 81.85% year-on-year[2] - Net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was approximately ¥37.38 million, a decrease of 75.30% compared to the previous year[2] - Basic earnings per share for Q3 2024 were ¥0.0378, down 81.85% from the same period last year[2] - Total operating revenue for the first three quarters of 2024 was CNY 2,840,516,688.84, a decrease of 16.6% compared to CNY 3,406,556,350.89 in the same period of 2023[12] - Net profit for the first three quarters of 2024 was CNY 367,882,556.19, a decline of 51.7% from CNY 762,122,804.62 in the same period of 2023[12] - Earnings per share for the first three quarters of 2024 was CNY 0.4271, compared to CNY 0.8070 in the same period of 2023, indicating a decrease of 47%[13] Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥6.26 billion, a decrease of 19.82% compared to the end of the previous year[3] - The company's total current assets as of September 30, 2024, amount to ¥3,143,451,606.94, a decrease from ¥4,935,662,724.28 on December 31, 2023[10] - The company's total assets as of September 30, 2024, are ¥6,264,092,680.97, down from ¥7,812,116,445.15 at the end of 2023[10] - The total liabilities decreased to CNY 2,311,027,927.39 as of September 30, 2024, down from CNY 3,777,150,522.79 at the end of 2023, a reduction of 38.8%[12] - The total equity attributable to shareholders was CNY 3,704,538,375.04, slightly down from CNY 3,766,679,859.60 at the end of 2023, a decrease of 1.6%[12] Cash Flow - The cash inflow from operating activities was CNY 3,184,754,064.50, a decrease of 14.0% compared to CNY 3,704,817,504.10 in the same period of 2023[14] - The net cash flow from operating activities for the first three quarters of 2024 was CNY 1,512,791,933.70, slightly up from CNY 1,497,578,336.04 in 2023, indicating a growth of 1.6%[14] - The cash inflow from investment activities totaled CNY 1,651,323,342.45 in the first three quarters of 2024, significantly increasing by 95.5% from CNY 844,783,268.84 in the same period of 2023[15] - The net cash flow from investment activities was CNY 112,449,982.82, down 74.5% from CNY 438,817,601.07 in 2023[15] - The cash inflow from financing activities was CNY 1,033,967,179.87, a decrease of 33.1% compared to CNY 1,548,112,110.66 in the previous year[15] - The net cash flow from financing activities was -CNY 1,872,960,364.41, worsening from -CNY 1,206,169,181.35 in 2023[15] - The total cash and cash equivalents at the end of the third quarter of 2024 were CNY 1,265,736,729.12, down from CNY 1,655,167,777.69 at the end of the same period in 2023[15] Investments and Acquisitions - The company completed the acquisition of Xinjiang Xinjian Tomato Products Co., Ltd. in September 2024, which was included in the consolidated financial statements[3] - The company completed the acquisition of 100% equity in Xinjiang Tomato, which is now a wholly-owned subsidiary[9] - The company reported investment income of CNY 360,167,320.30 for the first three quarters of 2024, compared to CNY 346,823,240.01 in the same period of 2023, an increase of 3.8%[12] Operational Challenges - The decline in revenue and profit was mainly attributed to falling prices and sales volumes of large-pack tomato products, cotton, and cottonseed[6] - Non-recurring gains and losses for the reporting period totaled approximately -¥8.01 million, primarily due to losses from financial assets[4] - Research and development expenses increased to CNY 19,740,448.10 in the first three quarters of 2024, up from CNY 10,775,151.41 in 2023, representing an increase of 83.5%[12] - Other comprehensive income after tax for the first three quarters of 2024 was CNY 7,013,220.49, compared to a loss of CNY 22,294,019.50 in the same period of 2023[12] Shareholder Information - The total number of common shareholders at the end of the reporting period is 40,281[7] - Xinjiang Guannong Group Co., Ltd. holds 320,932,708 shares, accounting for 41.30% of total shares, with 30,000,000 shares pledged[7]