Financial Performance - Operating revenue for the first nine months of 2024 was CNY 319,935,287.51, reflecting a 7.12% increase from CNY 298,673,281.33 in the same period of 2023[4] - Net profit attributable to shareholders decreased by 28.74% to CNY 32,494,485.01 from CNY 45,601,881.26 year-on-year[4] - The company reported a basic earnings per share of CNY 0.18, down 28.00% from CNY 0.25 in the previous year[4] - Net profit for the first nine months of 2024 was CNY 25,695,931.10, down 44.73% from CNY 46,404,155.24 in the same period of 2023[26] - Total operating revenue for the first nine months of 2024 reached ¥319,935,287.51, an increase from ¥298,673,281.33 in the same period of 2023, representing a growth of approximately 7.5%[21] - Net profit for the first nine months of 2024 was ¥33,336,296.53, down from ¥42,750,259.36 in the previous year, indicating a decline of approximately 22%[23] Cash Flow - The net cash flow from operating activities turned negative at CNY -9,118,384.69, a decline of 127.33% compared to CNY 33,358,713.04 in the previous year[4] - Cash flow from operating activities showed a net outflow of CNY -9,118,384.69, compared to a net inflow of CNY 33,358,713.04 in the same period of 2023[28] - Cash outflow from operating activities increased to 136,714,170.21 CNY, compared to 122,550,501.24 CNY in the previous year, marking an increase of about 11.6%[30] - The net increase in cash and cash equivalents for the period was -100,660,383.64 CNY, compared to -81,862,811.81 CNY in the previous year[32] Assets and Liabilities - Total assets increased by 6.71% to CNY 963,518,908.98 as of September 30, 2024, compared to CNY 902,905,820.24 at the end of 2023[4] - The company's debt-to-asset ratio increased to 17.37% from 11.93% year-on-year[4] - Total liabilities rose to CNY 167,365,184.35 from CNY 107,750,985.84, indicating an increase of approximately 55.4%[16] - Current assets decreased to CNY 444,380,795.22 from CNY 507,031,174.82, representing a decline of about 12.3%[14] - Long-term investments increased significantly from CNY 1,270,992.73 to CNY 30,655,992.66, reflecting a growth of approximately 2315%[14] Investments and Expenses - Research and development expenses increased by 49.92% to ¥18,637,827.61 as the company enhanced its R&D capabilities and accelerated product iterations in the seed industry[7] - Total investment income for the first nine months of 2024 was CNY 17,679,776.44, a decrease of 22.8% from CNY 22,912,423.56 in the same period of 2023[25] - Sales expenses increased significantly to CNY 8,050,373.40, up 34.6% from CNY 5,982,332.81 in the first nine months of 2023[25] Changes in Financial Position - Cash and cash equivalents decreased by 38.99% to CNY 208,577,619.64 due to dividend distribution, stock repurchase, and increased investments[6] - Cash and cash equivalents dropped significantly from CNY 341,881,349.98 to CNY 208,577,619.64, a decrease of approximately 38.9%[14] - The company's equity attributable to shareholders decreased from CNY 761,609,039.28 to CNY 747,470,334.46, a decline of about 1.9%[16] Other Financial Metrics - The weighted average return on equity decreased to 4.05% from 6.07% year-on-year[4] - The total non-recurring gains and losses amounted to ¥1,090,681.01 after tax, reflecting various adjustments and government subsidies[8] - The company reported a decrease in other income by 50.76% to ¥2,535,752.48, as there were no subsidies received in the current period compared to ¥3 million in the previous year[7]
绿亨科技(870866) - 2024 Q3 - 季度财报