KCGJ(600097)2024-10-29 09:42Financial Performance - The company's operating revenue for Q3 2024 reached ¥670,120,243.94, an increase of 52.28% compared to the same period last year[2] - The net profit attributable to shareholders was ¥42,334,130.22, a decrease of 2.60% year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥40,661,294.89, down 3.66% from the previous year[2] - Total operating revenue for the first three quarters of 2024 reached ¥1,729,761,311.46, a significant increase from ¥1,213,353,362.65 in the same period of 2023, representing an increase of approximately 42.5%[12] - Total operating revenue for Q3 2024 reached CNY 1,721,178,000.00, an increase of 40.5% compared to CNY 1,224,174,578.98 in Q3 2023[13] - Net profit for Q3 2024 was CNY 23,267,852.16, up 15.3% from CNY 20,217,603.20 in Q3 2023[13] - The company reported a total comprehensive income of CNY 11,086,571.23 for Q3 2024, a decrease from CNY 51,008,075.49 in Q3 2023, primarily due to other comprehensive losses[14] - Earnings per share remained stable at CNY 0.07 for both basic and diluted earnings in Q3 2024[14] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,206,301,039.78, a decrease of 5.78% from the end of the previous year[3] - The equity attributable to shareholders was ¥2,196,471,302.02, down 2.04% year-on-year[3] - As of September 30, 2024, the company's total assets amounted to ¥3,206,301,039.78, down from ¥3,402,941,792.06 at the end of 2023, indicating a decrease of about 5.8%[11] - Total current liabilities decreased to ¥470,558,190.60 from ¥543,472,607.75, a decline of about 13.4%[11] - Non-current liabilities totaled ¥514,219,508.70, down from ¥565,078,035.86, indicating a decrease of approximately 9.0%[11] - The company's equity attributable to shareholders was reported at ¥2,196,471,302.02, down from ¥2,242,263,093.51, reflecting a decrease of about 2.0%[11] Cash Flow and Investments - The company's cash and cash equivalents were reported at ¥495,181,260.65, a decrease from ¥518,569,127.49 as of December 31, 2023, reflecting a decline of approximately 4.5%[9] - Cash flow from operating activities for the first nine months of 2024 was CNY 189,735,668.64, a turnaround from a negative cash flow of CNY -75,215,301.68 in the same period of 2023[16] - Cash outflow from investment activities totaled $75,730,011.59, an increase from $40,803,061.68 in the previous period[17] - Net cash flow from investment activities was -$75,482,761.70, compared to -$41,520,552.92 in the prior period[17] - Cash outflow from financing activities amounted to $137,903,355.19, up from $115,312,772.15 year-over-year[17] - Net cash flow from financing activities was -$137,903,355.19, reflecting a decrease from -$115,312,772.15[17] - The net decrease in cash and cash equivalents was -$23,387,866.84, compared to -$228,568,200.08 in the previous period[17] - The ending balance of cash and cash equivalents was $495,181,260.65, down from $632,853,979.16[17] Operational Highlights - The increase in operating revenue was primarily driven by growth in deep-sea fishing and food processing segments[5] - Research and development expenses increased significantly to CNY 849,237.32, compared to CNY 106,479.80 in the same period last year, reflecting a focus on innovation[13] - The total operating costs for Q3 2024 were CNY 1,690,674,625.94, up from CNY 1,224,174,578.98 in Q3 2023, indicating increased operational expenses[13] - The company recorded a significant increase in sales expenses to CNY 332,613,768.85, compared to CNY 282,846,549.80 in the previous year[13] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 13,186[6] - The net profit attributable to minority shareholders was CNY 6,888,363.23, compared to CNY 3,818,150.06 in Q3 2023, indicating improved performance in this segment[14] Other Financial Information - Non-recurring gains and losses for the period totaled ¥1,672,838.33, with government subsidies contributing ¥1,795,828.25[4] - The weighted average return on net assets was 1.95%, a decrease of 0.13 percentage points compared to the same period last year[2] - The company experienced a decrease in other comprehensive income, with a net loss of CNY -12,181,280.93 in Q3 2024 compared to a gain of CNY 30,790,472.29 in Q3 2023[14] - The impact of exchange rate changes on cash and cash equivalents was $262,581.41, a significant decrease from $3,480,426.67[17] - The company began implementing new accounting standards in 2024, which may affect financial reporting[18]