双汇发展(000895) - 2023 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2023 was ¥15,766,132,052.45, a decrease of 5.20% compared to the same period last year[3]. - Net profit attributable to shareholders for Q3 2023 was ¥1,490,545,410.13, an increase of 11.62% year-on-year[3]. - The company reported a net profit of ¥4,327,222,307.85 for the first nine months of 2023, reflecting a 6.43% increase year-on-year[7]. - Total revenue for the meat products segment reached CNY 2,080,586.25 million, while the slaughter segment generated CNY 2,040,381.75 million, contributing to a total revenue of CNY 4,634,507.46 million[17]. - The company reported a total operating profit of CNY 561,440.22 million, with a net profit of CNY 561,465.16 million for the reporting period[17]. - The total comprehensive income for the period reached ¥4,382,901,337.73, compared to ¥4,124,872,825.17 in the previous period, reflecting an increase of approximately 6.3%[30]. - The net profit attributable to the parent company was ¥4,327,222,307.85, up from ¥4,065,264,887.00, indicating a growth of about 6.5%[30]. - Basic and diluted earnings per share increased to ¥1.2490 from ¥1.1735, representing a rise of approximately 6.4%[30]. Assets and Liabilities - The company's total assets at the end of Q3 2023 were ¥41,834,081,626.04, an increase of 14.89% from the end of the previous year[3]. - The company's total liabilities increased to CNY 21.37 billion as of September 30, 2023, compared to CNY 14.23 billion at the beginning of the year, reflecting a growth of 50.06%[27]. - As of September 30, 2023, current assets total RMB 21,317,728,328.31, an increase from RMB 16,075,782,073.93 at the beginning of the year[24]. - The total assets amount to RMB 41,834,081,626.04, up from RMB 36,411,979,719.78 at the start of the year[25]. - The total non-current assets are valued at RMB 20,516,353,297.73, slightly up from RMB 20,336,197,645.85[25]. Cash Flow - Cash flow from operating activities for the year-to-date period decreased by 39.26% to ¥2,451,145,083.33[3]. - The net cash flow from operating activities decreased to ¥2,451,145,083.33 from ¥4,035,345,671.14, a decline of about 39.3%[32]. - Cash inflow from investment activities totaled ¥10,553,483,287.48, significantly higher than ¥5,737,185,238.20 in the previous period, marking an increase of approximately 84.5%[34]. - The net cash flow from investment activities was -¥6,675,228,889.90, worsening from -¥2,691,651,743.99, indicating a decline of about 147.5%[34]. - Cash inflow from financing activities surged to ¥63,871,847,047.59, compared to ¥16,498,355,258.00 in the previous period, reflecting an increase of approximately 287.5%[34]. - The net cash flow from financing activities improved to ¥3,173,544,401.40 from -¥307,187,933.17, a significant turnaround[34]. - The ending balance of cash and cash equivalents decreased to ¥4,189,134,509.67 from ¥8,611,149,157.42, a decline of about 51.3%[34]. Inventory and Borrowings - The company's inventory increased by 27.11% to ¥778,095,000 due to expanded slaughtering capacity[9]. - The company's short-term borrowings increased by 258.05% to ¥1,126,911,000 at the end of Q3 2023[9]. - Short-term borrowings increased significantly to RMB 11,269,105,527.13 from RMB 3,147,345,427.65[25]. Investment and Projects - The meat chicken industrial capacity construction project has achieved an investment progress of 103.75%, with a cumulative investment of CNY 345,482.30 million[19]. - The pig breeding capacity construction project also reached an investment progress of 103.59%, with a cumulative investment of CNY 102,555.11 million[19]. - The cumulative investment progress for the meat processing technology renovation project is at 85.83%[20]. - The cumulative investment progress for the China Shuanghui headquarters project is at 94.85%[20]. Financial Expenses and Income - Financial expenses decreased to -47.15 million RMB from -14.40 million RMB, a reduction of 3.28 million RMB due to increased bank interest income[10]. - Investment income increased by 39.94% to 99.96 million RMB from 71.43 million RMB, attributed to a larger scale of structured bank deposits[10]. - The company reported a financial expense of CNY 4,715.01 million, impacting overall profitability[17]. - The company received government subsidies amounting to ¥42,326,911.96 during the reporting period[4]. Research and Development - Research and development expenses for Q3 2023 amounted to CNY 145.47 million, a rise of 17.38% from CNY 123.86 million in Q3 2022[29].