GUANNONG SHARE(SH:600251)2023-10-26 16:00Financial Performance - The company's operating revenue for Q3 2023 reached ¥962,753,932.87, representing a significant increase of 326.30% compared to the same period last year[4]. - Net profit attributable to shareholders for Q3 2023 was ¥158,633,801.01, a remarkable increase of 9,393.62% year-over-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2023 was ¥148,200,300.96, up by 402.06% compared to the previous year[4]. - Basic earnings per share for Q3 2023 were ¥0.2042, reflecting an increase of 9,623.81% year-over-year[4]. - The weighted average return on net assets for Q3 2023 was 4.93%, an increase of 4.87 percentage points compared to the same period last year[4]. - Total operating revenue for the first three quarters of 2023 reached ¥3,388,878,192.63, a significant increase from ¥1,845,098,044.78 in the same period of 2022, representing an increase of approximately 83.5%[16]. - Net profit for the third quarter of 2023 was ¥758,900,785.74, a turnaround from a net loss of ¥72,614,320.02 in the same quarter of 2022[17]. - Basic and diluted earnings per share for the third quarter of 2023 were both ¥0.8028, up from ¥0.3387 in the same quarter of 2022[18]. Assets and Liabilities - Total assets at the end of Q3 2023 amounted to ¥6,288,589,661.21, a decrease of 9.67% from the end of the previous year[4]. - The company's current assets totaled CNY 3,553,303,860.53, down from CNY 4,123,738,596.88, indicating a decrease of about 13.8%[12]. - The company's total liabilities decreased to CNY 2,382,683,007.40 from CNY 3,649,819,841.35, a reduction of about 34.8%[13]. - The total non-current assets amounted to CNY 2,735,285,800.68, slightly down from CNY 2,838,047,645.82, indicating a decrease of about 3.6%[12]. - The equity attributable to shareholders rose to CNY 3,629,372,058.93 from CNY 3,170,069,397.49, marking an increase of approximately 14.5%[14]. Cash Flow - The net cash flow from operating activities for the year-to-date period decreased by 30.21% to ¥1,532,345,137.72[4]. - Cash flow from operating activities for the first three quarters of 2023 was ¥1,532,345,137.72, a decrease from ¥2,195,662,540.10 in the same period of 2022[19]. - The net cash flow from investment activities was $424,245,944.02, a significant improvement compared to a negative cash flow of -$127,832,796.72 in the previous year[20]. - Cash inflow from financing activities totaled $1,523,112,110.66, up from $1,003,924,749.10 in the same quarter last year[20]. - The total cash and cash equivalents at the end of the period reached $1,651,311,011.90, compared to $993,164,842.01 at the end of the same quarter last year[20]. Sales and Expenses - The increase in revenue and profit was primarily driven by a significant rise in sales of tomato products and cotton products[8]. - Total operating costs for the first three quarters of 2023 were ¥2,956,324,522.66, compared to ¥1,963,483,494.81 in 2022, reflecting an increase of about 50.7%[16]. - The company incurred sales expenses of ¥59,759,648.36 in the first three quarters of 2023, an increase from ¥28,743,825.59 in 2022, reflecting a rise of approximately 108.1%[16]. - Management expenses for the first three quarters of 2023 were ¥60,976,931.83, slightly down from ¥64,149,486.19 in the same period of 2022[16]. Other Financial Metrics - The company reported non-recurring gains of ¥10,433,500.05 for the year-to-date period, compared to ¥6,721,044.68 in the previous year[7]. - The company reported investment income of ¥346,823,240.01 for the third quarter of 2023, down from ¥363,876,809.56 in the same quarter of 2022[17]. - Other comprehensive income after tax for the third quarter of 2023 was -¥22,294,019.50, compared to -¥7,453,457.40 in the same quarter of 2022[18]. - The company's retained earnings increased to CNY 2,227,195,267.94 from CNY 1,744,925,396.12, reflecting a growth of approximately 27.7%[14]. Accounting and Reporting - The company has implemented new accounting standards starting in 2023, which may affect financial reporting[20]. - The report was presented by Liu Zhonghai, with key accounting responsibilities held by Jin Jianxia and Luo Xuenie[20].