登海种业(002041) - 2024 Q3 - 季度财报

Revenue and Profit - Revenue for Q3 2024 was CNY 170,550,759.43, a slight increase of 0.01% compared to the same period last year, while year-to-date revenue decreased by 11.55% to CNY 578,243,392.83[2] - Net profit attributable to shareholders for Q3 2024 was CNY 5,847,962.00, down 71.86% year-on-year, and year-to-date net profit decreased by 38.57% to CNY 58,583,351.87[2] - Total operating revenue for the current period is ¥578,243,392.83, a decrease of 11.5% compared to ¥653,722,860.97 in the previous period[15] - Net profit for the current period is ¥57,327,759.10, a decline of 43.2% from ¥100,965,395.03 in the previous period[16] - Comprehensive income attributable to the parent company is ¥55,729,035.44, compared to ¥95,361,501.33 in the previous period[17] Cash Flow - The net cash flow from operating activities for the year-to-date period was CNY 119,835,662.44, a decrease of 57.79% compared to the previous year[2] - The net cash flow from operating activities for Q3 2024 was ¥119,835,662.44, a decrease of 57.8% compared to ¥283,874,823.67 in Q3 2023[19] - Cash flow from operating activities is ¥908,918,052.30, a decrease of 20.5% compared to ¥1,143,148,010.79 in the previous period[18] - The cash outflow from operating activities was ¥789,082,389.86, compared to ¥859,273,187.12 in Q3 2023, indicating a reduction of 8.2%[19] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,099,987,027.00, reflecting a growth of 6.20% compared to the end of the previous year[2] - Current assets totaled CNY 4,263,449,147.15, up from CNY 4,020,082,336.88, indicating an increase of about 6.1%[13] - Total liabilities as of September 30, 2024, were CNY 1,106,785,659.77, up from CNY 839,633,416.13, reflecting an increase of approximately 31.9%[13] - Total liabilities amount to ¥1,189,282,478.06, an increase of 29.6% from ¥917,630,658.56 in the previous period[14] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 65,760, with the largest shareholder holding 53.21% of the shares[8] - Total equity attributable to shareholders increased by 0.76% to CNY 3,596,623,970.60 compared to the end of the previous year[2] - Total equity attributable to shareholders of the parent company is ¥2,310,571,053.69, slightly up from ¥2,286,522,018.25 in the previous period[14] Research and Development - Research and development expenses increased by 40.53% year-on-year, indicating a focus on enhancing R&D capabilities[5] - Research and development expenses increased to ¥61,673,048.23, up 40.5% from ¥43,885,387.88 in the previous period[15] Government Support and Financing - The company received government subsidies amounting to CNY 10,800,202.98 during the reporting period, contributing positively to its financial performance[3] - The company experienced a 100.64% increase in short-term borrowings, primarily due to increased loans for production funding[5] - The company’s long-term borrowings stood at CNY 6,000,000.00, reflecting a new financing strategy to support growth initiatives[13] Inventory and Prepayments - The company reported a significant increase in prepayments, up 216.92% year-on-year, attributed to increased advance payments for seed production[4] - Inventory increased to CNY 917,546,234.15 from CNY 854,525,383.78, marking a rise of about 7.4%[12] Future Outlook - The company plans to enhance its market presence and revenue through the introduction of new product lines and technologies[11] - The company has received approval for three genetically modified corn varieties, enhancing its product portfolio for future market expansion[11]