Cofco Sugar(SH:600737)2023-10-30 16:00Financial Performance - The company's operating revenue for Q3 2023 reached ¥11,146,611,668.45, a 49.36% increase compared to ¥7,463,008,429.24 in the same period last year[4] - Net profit attributable to shareholders was ¥671,978,610.46, representing a significant increase of 425.85% from ¥127,788,045.37 year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥643,571,808.47, up 519.07% from ¥103,957,229.07 in the previous year[4] - The basic earnings per share (EPS) for the quarter was ¥0.3142, a 426.30% increase from ¥0.0597 in the same period last year[4] - Operating revenue for the current reporting period increased by 49.36% due to effective market trend analysis and seizing price increase opportunities in sugar and tomatoes[8] - Net profit attributable to shareholders for the current reporting period surged by 425.85%[8] - Net profit attributable to shareholders after deducting non-recurring gains and losses for the current reporting period rose by 519.07%[8] - Basic earnings per share for the current reporting period increased significantly to 426.30%[8] - Operating profit for the third quarter of 2023 was CNY 1,758,120,022.41, up 78.8% from CNY 983,365,566.62 in the previous year[20] - Net profit attributable to shareholders of the parent company for the first three quarters of 2023 was CNY 1,440,540,435.64, a significant increase from CNY 760,342,973.60 in the same period of 2022[20] Cash Flow - The net cash flow from operating activities was ¥3,353,061,226.94, with a decrease of 44.06% compared to the previous year[4] - Cash flow from operating activities decreased by 44.06% due to increased working capital occupation compared to the previous year[8] - Cash flow from operating activities netted CNY 2,596,662,646.36, a decrease of 44% compared to CNY 4,641,898,801.18 in the previous year[23] - The company reported a total cash outflow from operating activities of CNY 1,145,762,173.86, which is an increase from CNY 628,215,162.60 in the previous year[31] - Cash inflow from operating activities totaled CNY 28,525,306,396.16, compared to CNY 26,163,255,487.10 in the same period last year, indicating a growth of 9%[23] - Cash outflow from operating activities increased to CNY 25,928,643,749.80, up from CNY 21,521,356,685.92, marking a rise of 20.5%[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥19,940,618,434.31, reflecting a 29.46% increase from the previous year[4] - Total current assets as of September 30, 2023, amounted to approximately RMB 20.58 billion, up from RMB 14.71 billion at the end of 2022[15] - Total assets increased to CNY 25,977,471,629.69 in Q3 2023, compared to CNY 20,065,732,754.54 in Q3 2022, reflecting a growth of 29.5%[17] - Total liabilities rose to CNY 14,649,763,085.52 in Q3 2023, compared to CNY 9,198,701,097.90 in Q3 2022, marking an increase of 59.5%[17] - Total liabilities rose to ¥7,439,049,572.40 in Q3 2023, compared to ¥5,076,226,052.01 in Q3 2022, indicating a 46.5% increase[28] Equity - The company reported a total equity attributable to shareholders of ¥10,607,842,489.63, which is a 4.15% increase from the previous year[4] - The total equity attributable to shareholders of the parent company increased to CNY 11,106,023,554.59 in Q3 2023, compared to CNY 10,663,224,937.34 in Q3 2022[17] - The company's total equity decreased to ¥8,966,319,287.39 in Q3 2023 from ¥9,217,650,804.28 in Q3 2022, a decline of 2.7%[28] Research and Development - Research and development expenses for the first three quarters of 2023 amounted to CNY 54,973,167.09, up from CNY 50,785,539.52 in the same period of 2022[19] - Research and development expenses for Q3 2023 were ¥110,000.00, a significant decrease from ¥1,867,890.08 in Q3 2022[29] Comprehensive Income - The total comprehensive income for the period attributable to the parent company was CNY 1,580,264,838.25, up from CNY 861,641,315.63 in the same period last year, representing an increase of approximately 83.3%[21] - The total comprehensive income for Q3 2023 was ¥818,092,597.11, compared to ¥461,952,508.10 in Q3 2022, showing an increase of 77.3%[30] Financial Expenses - The company’s financial expenses decreased to CNY 66,404,875.79 in the first three quarters of 2023, down from CNY 83,632,990.46 in the same period of 2022[19] - The company reported a financial expense of -¥57,036,100.51 in Q3 2023, compared to -¥21,250,453.39 in Q3 2022, indicating an increase in financial costs[29] Government Subsidies - The company recognized government subsidies related to normal business operations amounting to ¥5,711,960.48 during the quarter[6]