Forbon(SZ:300387)2024-10-29 10:35Revenue and Profitability - Revenue for Q3 2024 reached ¥288,040,889.31, an increase of 3.13% year-over-year, while total revenue for the year-to-date was ¥930,830,162.71, up 24.04% compared to the same period last year[2]. - Net profit attributable to shareholders for Q3 2024 was ¥22,013,987.19, a decrease of 14.45% year-over-year, with year-to-date net profit at ¥91,954,245.54, an increase of 49.75%[2]. - Basic earnings per share for Q3 2024 was ¥0.0761, down 14.49% year-over-year, while year-to-date earnings per share was ¥0.3181, up 49.76%[2]. - Total operating revenue for Q3 2024 reached CNY 930,830,162.71, an increase of 24% compared to CNY 750,445,015.21 in the same period last year[17]. - Net profit for Q3 2024 was CNY 93,825,192.75, representing a 61% increase from CNY 58,185,882.43 in Q3 2023[18]. - Earnings per share (EPS) for Q3 2024 was CNY 0.3181, compared to CNY 0.2124 in the previous year, marking a 50% increase[19]. - The company reported a comprehensive income total of CNY 89,072,968.36 for Q3 2024, compared to CNY 74,495,052.81 in the previous year, an increase of approximately 19.5%[19]. Cash Flow and Financial Position - Cash flow from operating activities for the year-to-date was ¥36,081,249.66, a decline of 40.32% compared to the previous year[2]. - The company reported a net cash decrease of ¥12,833,448.86 in cash and cash equivalents, a significant decline of 716.51% year-over-year[6]. - The total cash inflow from operating activities for the current period is CNY 980,007,692.62, an increase of approximately 29.8% compared to CNY 754,987,126.53 in the previous period[21]. - The net cash flow from operating activities is CNY 36,081,249.66, down 40.2% from CNY 60,461,898.96 in the previous period[21]. - Cash inflow from investment activities totals CNY 365,895,892.29, significantly up from CNY 177,756,928.29 in the previous period[21]. - The net cash flow from investment activities is -CNY 46,892,219.62, an improvement compared to -CNY 93,401,518.67 in the previous period[21]. - Cash inflow from financing activities is CNY 71,078,000.00, down from CNY 154,551,000.00 in the previous period[21]. - The net cash flow from financing activities is -CNY 4,945,473.15, a decline from CNY 30,952,383.28 in the previous period[21]. - The ending balance of cash and cash equivalents is CNY 271,871,046.70, slightly down from CNY 272,715,360.60 in the previous period[22]. - The company paid CNY 36,836,538.34 in taxes, an increase from CNY 23,361,414.06 in the previous period[21]. Assets and Liabilities - Total assets as of Q3 2024 were ¥1,942,092,339.46, a slight increase of 0.12% from the end of the previous year[2]. - The total liabilities decreased to CNY 498,453,964.61 from CNY 567,842,096.50, showing a reduction of approximately 12%[17]. - The total equity attributable to shareholders increased to CNY 1,398,518,114.25, up from CNY 1,328,564,826.59, reflecting a growth of about 5%[17]. - The company reported a total current asset of CNY 861,179,875.45 as of September 30, 2024, an increase from CNY 836,886,151.29 at the beginning of the period[16]. - The company’s long-term equity investments decreased to CNY 70,430,584.08 from CNY 71,838,805.87[16]. Research and Development - Research and development expenses increased by 74.54% year-over-year to ¥40,644,244.77, driven by investments in microbial agents and biological fertilizers[6]. - Research and development expenses rose to CNY 40,644,244.77, significantly higher than CNY 23,286,746.76 in the same quarter last year, indicating a focus on innovation[18]. - The company has developed new biological pesticide products and nitrogen-fixing products, with over 20 strains of nematode-resistant bacteria identified and optimized for fermentation[13]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 16,344, with the largest shareholder, Yingcheng Fubon Technology Co., Ltd., holding 30.01% of shares, equating to 86,738,380 shares[7]. - Northland Chemicals Investment Limited holds 5.61% of shares, amounting to 16,214,046 shares, making it the second-largest shareholder[7]. - Wuhan Changjiang Chuangfu Investment Co., Ltd. owns 3.55% of shares, which corresponds to 10,248,902 shares[7]. - The top ten shareholders include individuals and entities with varying percentages, with the smallest holding being 0.35%[9]. Business Expansion and Ventures - The company plans to continue expanding its new business lines, including biological fertilizers and food additives, contributing to revenue growth[6]. - The company has established a joint venture with OCP S.A. with a total investment of $10 million, focusing on value-added fertilizers and digital agriculture[10]. - The joint venture's subsidiary, Wuhan Oute Bang Technology Co., Ltd., has completed its business registration and is actively collaborating on projects related to the phosphate chemical industry[10]. - The company is actively expanding its international business through platforms in Europe, Africa, and Southeast Asia, enhancing trade relations with countries like Morocco and the Philippines[13]. - The company aims to deepen cooperation with countries along the Belt and Road Initiative to expand its business scope and enhance collaboration levels[14]. Legal Matters - The company is involved in a legal dispute regarding equity payment with HNC Holding B.V., which has been approved for pre-litigation preservation by the Amsterdam court[12]. - The company is committed to maintaining investor rights amid ongoing legal proceedings[12]. - The report indicates no changes in the status of restricted shares or preferred shareholders[10]. Events and Recognition - The company participated in the 25th National Fertilizer Double Exchange Conference, showcasing new digital agriculture technologies and was awarded the "Most Popular Exhibitor" title[13]. - The company hosted the "Third China Digital Agriculture Development Conference" in September 2024[13]. Audit Status - The company has not undergone an audit for the third quarter report[22].