禾丰股份(603609) - 2024 Q3 - 季度财报

Financial Performance - Total revenue for Q3 2024 was CNY 9,039,991,748.90, a decrease of 11.24% compared to the same period last year[2] - Net profit attributable to shareholders for Q3 2024 was CNY 323,185,071.62, an increase of 397.99% year-on-year[2] - Basic earnings per share for Q3 2024 was CNY 0.36, up 414.29% from the previous year[3] - The net profit attributable to shareholders for the year-to-date was CNY 289,132,358.56, an increase of 631.34% compared to the same period last year[2] - Total operating revenue for the first three quarters of 2024 was CNY 24.01 billion, a decrease of 10.7% compared to CNY 26.89 billion in the same period of 2023[12] - Net profit for the first three quarters of 2024 reached CNY 264.65 million, significantly up from CNY 3.82 million in the previous year, marking an increase of 6,872.5%[12] - Basic earnings per share for the first three quarters of 2024 were CNY 0.33, compared to CNY 0.04 in the same period of 2023[13] Assets and Liabilities - Total assets at the end of Q3 2024 were CNY 15,286,850,905.96, a 2.34% increase from the end of the previous year[3] - As of September 30, 2024, the total assets of Hefeng Food Co., Ltd. amounted to CNY 15,286,850,905.96, an increase from CNY 14,937,114,834.54 at the end of 2023, reflecting a growth of approximately 2.34%[9] - The company's total liabilities were CNY 7,642,905,236.00, compared to CNY 7,321,689,145.52, reflecting an increase of approximately 4.39%[10] - Hefeng Food's total equity reached CNY 7,643,945,669.96, slightly up from CNY 7,615,425,689.02, indicating a growth of about 0.37%[10] - Total assets decreased to CNY 30.12 billion from CNY 32.45 billion, reflecting a strategic focus on asset optimization[12] Cash Flow and Financial Management - Net cash flow from operating activities for the year-to-date was CNY 414,019,692.83, an increase of 226.54%[3] - Cash flow from operating activities was CNY 414.02 million, compared to CNY 126.79 million in the same period last year, reflecting a positive trend in cash generation[14] - The net cash flow from financing activities was -$371.41 million, compared to -$261.55 million in the previous period[15] - The net increase in cash and cash equivalents was -$297.28 million, compared to -$456.38 million in the previous period[15] - The beginning balance of cash and cash equivalents was $1.90 billion, compared to $1.65 billion in the previous period[15] - The ending balance of cash and cash equivalents was $1.60 billion, compared to $1.19 billion in the previous period[15] - The financial expenses, including interest expenses, slightly decreased to CNY 124.92 million from CNY 127.50 million, indicating improved financial management[12] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 24,255[6] - Major shareholder 金卫东 holds 16.27% of the shares, totaling 149,549,498 shares[6] - The company has not reported any significant changes in its shareholder structure or any related party transactions during the reporting period[8] Operational Insights - The company's gross profit margin improved to 1.28% in 2024 from 0.23% in 2023, indicating better cost management[12] - Research and development expenses decreased to CNY 23.30 million from CNY 70.92 million, a reduction of 67.2%, indicating a shift in investment strategy[12] - The company reported an investment income of CNY 83.20 million, a significant recovery from a loss of CNY 7.55 million in the previous year[12] - The company's current assets totaled CNY 6,634,579,128.70, up from CNY 6,422,826,044.37, indicating an increase of about 3.30%[9] - The accounts receivable rose to CNY 1,509,286,906.33, compared to CNY 1,114,486,394.01, marking an increase of around 35.43%[9] - The inventory as of September 30, 2024, was CNY 2,777,542,383.13, an increase from CNY 2,686,755,249.88, which is a rise of approximately 3.36%[9] - The company plans to expand its market presence and invest in new product development to drive future growth[12] Borrowings - The company reported a significant increase in short-term borrowings, which decreased to CNY 607,166,859.28 from CNY 970,957,309.50, a reduction of about 37.33%[10] - Hefeng Food's long-term borrowings increased to CNY 1,726,292,630.28 from CNY 920,051,517.19, reflecting a growth of approximately 87.73%[10] Non-Recurring Items - The company reported non-recurring gains and losses totaling CNY -160,156.56 for the current period[4] - The impact of exchange rate changes on cash and cash equivalents was $1.11 million, up from $301.67 thousand[15]