天禾股份(002999) - 2025 Q3 - 季度财报

Revenue and Profit - Q3 2025 revenue was CNY 2,714,182,870.73, a decrease of 12.39% year-on-year, while year-to-date revenue reached CNY 10,416,716,473.59, down 8.57%[5] - Net profit attributable to shareholders was CNY 12,228,292.64, an increase of 335.13% year-on-year, with year-to-date net profit at CNY 35,254,831.60, up 234.89%[5] - Basic earnings per share for Q3 2025 was CNY 0.04, reflecting a 300.00% increase year-on-year, while diluted earnings per share also stood at CNY 0.04[5] - The company’s net profit increased to ¥36,170,635.12, representing a growth of 344.13% compared to the previous period[10] - Operating profit surged to ¥56,179,960.92, marking a significant increase of 298.29% year-over-year[10] - The total comprehensive income reached ¥36,108,782.74, reflecting a 243.41% increase compared to the previous year[10] - Net profit for the period reached ¥36,170,635.12, significantly up from ¥8,144,127.61, representing a year-over-year increase of 344.56%[23] Assets and Liabilities - Total assets as of September 30, 2025, were CNY 7,271,002,741.88, a decrease of 11.83% compared to the end of the previous year[5] - The total assets decreased to ¥7,271,002,741.88 from ¥8,246,845,360.85, reflecting a reduction of 11.83%[21] - Total liabilities decreased to ¥5,583,186,880.35 from ¥6,527,148,301.23, a decline of 14.48%[21] - The company’s total current liabilities decreased to ¥4,589,114,636.76 from ¥5,677,521,484.33, a reduction of 19.19%[20] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 877,354,756.28, representing a 45.09% increase in outflow year-to-date[5] - Net cash flow from operating activities was negative CNY 877,354,756.28, an improvement from negative CNY 1,597,859,700.57 in the previous period[26] - Cash inflow from operating activities totaled CNY 10,877,801,474.33, down from CNY 11,966,365,698.27 in the previous period, reflecting a decrease of approximately 9.1%[25] - Cash outflow from operating activities was CNY 11,755,156,230.61, compared to CNY 13,564,225,398.84 in the previous period, showing a reduction of about 13.3%[25] - Net cash flow from investing activities was negative CNY 104,220,021.06, an improvement from negative CNY 203,622,156.15 in the previous period[26] - Net cash flow from financing activities was CNY 445,837,499.21, down from CNY 1,814,771,681.01 in the previous period, indicating a decrease of approximately 75.5%[26] - The ending cash and cash equivalents balance was CNY 519,651,452.78, compared to CNY 299,392,356.23 in the previous period, reflecting an increase of about 73.7%[26] Accounts Receivable and Payable - Accounts receivable increased by 103.60% to CNY 947,603,946.43, attributed to seasonal business peaks and outstanding customer credit[9] - The company reported a significant increase in accounts receivable, which rose to ¥947,603,946.43 from ¥465,425,307.26, marking a growth of 103.67%[19] Research and Development - Research and development expenses rose by 283.68% to CNY 3,028,488.65, indicating increased investment in new product development[9] - Research and development expenses increased to ¥3,380,447.39 from ¥2,839,941.88, an increase of 19.08%[23] Government Grants and Other Income - Other income rose by 91.02% to ¥11,299,452.18, primarily due to an increase in government subsidies recognized in profit and loss[10] - The company received government grants and compensation amounting to ¥5,004,553.25, up 115.98% from the prior period[10] Expansion Plans - The company established 39 county-level agricultural service companies as part of its expansion strategy, with a registered capital of ¥300,000 each[15] - The company plans to set up no more than 100 county-level agricultural service companies across Guangdong Province by September 30, 2025[15]