亚钾国际(000893) - 2024 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2024 was ¥784,796,271.05, representing a decrease of 9.71% compared to the same period last year[3]. - Net profit attributable to shareholders for Q3 2024 was ¥248,210,736.14, down 10.71% year-on-year[3]. - The net profit after deducting non-recurring gains and losses was ¥247,033,778.03, a decrease of 12.41% compared to the previous year[3]. - Total operating revenue for the third quarter was CNY 2,482,559,437.56, a decrease of 14.14% compared to CNY 2,891,098,359.76 in the same period last year[16]. - Net profit for Q3 2024 was CNY 495.14 million, a decrease of 49.9% compared to CNY 985.43 million in Q3 2023[17]. - Operating profit for Q3 2024 was CNY 559.27 million, down 50.3% from CNY 1.13 billion in the same period last year[17]. - Total revenue from sales for Q3 2024 was CNY 2.69 billion, a decline of 20.1% compared to CNY 3.36 billion in Q3 2023[19]. - Basic earnings per share for Q3 2024 were CNY 0.5642, down from CNY 1.0849 in Q3 2023[18]. - Cash flow from operating activities for Q3 2024 was CNY 714.68 million, a decrease of 53.3% from CNY 1.53 billion in Q3 2023[19]. - The company reported a tax expense of CNY 64.34 million for Q3 2024, down from CNY 123.19 million in Q3 2023[17]. - The company experienced a credit impairment loss of CNY 554,757.54 in Q3 2024, compared to a gain of CNY 1.70 million in Q3 2023[17]. Assets and Liabilities - The total assets at the end of the reporting period were ¥17,440,611,633.86, an increase of 11.10% from the end of the previous year[3]. - Total liabilities increased to CNY 4,383,975,622.84, up from CNY 3,060,238,902.21, reflecting a significant rise in financial obligations[15]. - The company's cash and cash equivalents at the end of the period were CNY 700,123,874.55, down from CNY 755,333,715.81 at the beginning of the period, representing a decrease of 7.3%[14]. - Accounts receivable rose significantly to CNY 35,090,930.12, an increase of 82.73% from CNY 19,220,120.61 at the beginning of the period[14]. - Inventory decreased to CNY 392,146,362.64, down 5.97% from CNY 417,060,104.56 at the beginning of the period[14]. - Non-current assets totaled CNY 16,012,147,836.86, an increase of 12.24% from CNY 14,265,439,552.81 year-on-year[15]. - The company reported a significant increase in long-term borrowings to CNY 1,514,000,000.00, up from CNY 560,000,000.00, indicating a strategy to leverage for growth[14]. - Deferred tax assets rose to CNY 215,775,970.73, an increase of 32.76% from CNY 162,532,969.74, suggesting improved future tax benefits[14]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 31,842[8]. - The largest shareholder, China Agricultural Production Materials Group Co., Ltd., holds 15.60% of shares, totaling 144,913,793 shares[8]. - The second-largest shareholder, Huineng Holdings Group Co., Ltd., holds 9.01% of shares, totaling 83,649,277 shares[8]. - The third-largest shareholder, Shanghai Jinbang Jinde Equity Investment Partnership, holds 8.31% of shares, totaling 77,210,328 shares[8]. - The fourth-largest shareholder, Xinjiang Jiangzhiyuan Equity Investment Partnership, holds 5.63% of shares, totaling 52,273,542 shares[8]. - The company repurchased 10,544,029 shares, accounting for 1.14% of the total share capital[10]. - The company has not disclosed any related party transactions for the reporting period[11]. - The company has not identified any relationships or concerted actions among the top shareholders[9]. Operational Highlights - The company produced 1,323,700 tons of potassium chloride and sold 1,241,400 tons in the first three quarters[11]. - The company reported a significant increase in short-term borrowings, which rose by 47.18% to ¥469,066,881.19[6]. - The company has incurred export taxes totaling ¥190 million since October 1, 2023, due to new regulations in Laos[7]. - The company is actively negotiating with the Laotian government regarding potential tax reductions on potassium chloride exports and shareholder dividend taxes[7]. - The company plans to apply for comprehensive credit limits from financial institutions in 2024[11]. Cost and Cash Flow Analysis - Total operating costs increased to CNY 1,930,900,180.52, up 9.37% from CNY 1,765,253,634.43 year-on-year[16]. - The company's net cash flow from operating activities for the year-to-date was ¥714,682,045.71, a decline of 53.28% compared to the same period last year[3]. - Cash and cash equivalents at the end of Q3 2024 were CNY 700.12 million, down from CNY 755.63 million at the end of Q3 2023[20]. - Investment activities resulted in a net cash outflow of CNY 1.66 billion in Q3 2024, compared to CNY 2.66 billion in Q3 2023[20]. - Financing activities generated a net cash inflow of CNY 896.02 million in Q3 2024, an increase from CNY 180.80 million in Q3 2023[20].