京粮控股(000505) - 2024 Q3 - 季度财报

Financial Performance - The company's revenue for the third quarter reached ¥3,937,459,806.98, an increase of 22.39% compared to the same period last year[2] - Net profit attributable to shareholders decreased by 25.51% to ¥3,795,910.74, while the net profit after deducting non-recurring gains and losses fell by 30.40% to ¥3,343,541.98[2] - Total operating revenue for the period reached ¥9,493,366,801.12, an increase of 18.06% compared to ¥8,040,480,573.81 in the previous period[12] - The net profit for Q3 2024 was CNY 31,335,202.99, a decrease of 65.2% compared to CNY 90,028,446.22 in Q3 2023[13] - Operating profit for Q3 2024 was CNY 48,914,611.24, down 61.0% from CNY 125,347,940.82 in the same period last year[13] - The company reported a net profit margin improvement, with net profit increasing in line with revenue growth[12] - The company experienced a decrease in total comprehensive income to CNY 31,102,491.15 from CNY 90,666,384.83 in the same quarter last year[13] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥6,824,766,157.93, reflecting a growth of 5.05% from the end of the previous year[2] - Current assets totaled ¥4,860,735,348.65, an increase from ¥4,460,189,746.26, indicating a growth of about 8.99%[10] - Non-current assets decreased to ¥1,964,030,809.28 from ¥2,036,593,238.64, a decline of approximately 3.55%[10] - Total liabilities increased to ¥3,269,945,835.56 from ¥2,921,451,685.86, representing a rise of about 11.93%[11] - Total equity decreased to ¥3,554,820,322.37 from ¥3,575,331,299.04, a decrease of approximately 0.57%[11] - Long-term borrowings rose to ¥529,000,000.00 from ¥400,000,000.00, an increase of 32.25%[11] Cash Flow - The net cash flow from operating activities was negative at -¥214,247,955.81, a decline of 226.88% compared to the same period last year[2] - Cash flow from operating activities showed a net outflow of CNY 214,247,955.81, compared to a net inflow of CNY 168,854,657.43 in Q3 2023[14] - The total cash and cash equivalents at the end of the period were CNY 1,262,607,029.35, down from CNY 1,720,015,258.15 at the end of Q3 2023[15] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 57,147, with the largest shareholder holding 39.68% of the shares[7] - The basic earnings per share remained at ¥0.01, unchanged from the previous period, while diluted earnings per share also stood at ¥0.01[2] - The basic earnings per share for Q3 2024 were CNY 0.04, down from CNY 0.11 in Q3 2023[13] Operational Insights - The company experienced a significant decrease in profit margins due to oversupply in the domestic soybean oil and meal markets, leading to a decline in product prices[6] - The increase in prepayments was attributed to higher advance payments for soybean raw materials[5] - The company reported an increase in other income due to higher compensation from customer defaults[6] - Research and development expenses increased to CNY 16,591,585.29, up from CNY 14,851,644.07 in the previous year, indicating a focus on innovation[13] - The company incurred financial expenses of CNY 35,109,894.91, a decrease from CNY 40,474,783.51 in the previous year[13] - The company reported a significant decline in fair value changes, with losses of CNY 55,586,127.12 compared to gains of CNY 256,198,384.68 in the previous year[13] Future Outlook - Future outlook includes plans for market expansion and potential new product launches to drive further revenue growth[10]