圣农发展(002299) - 2023 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2023 reached ¥4,846,634,247.11, an increase of 0.44% compared to the same period last year[5]. - Net profit attributable to shareholders for Q3 2023 was ¥313,169,973.04, up 7.61% year-on-year, while the net profit for the year-to-date period increased by 284.73% to ¥739,555,737.93[5]. - The basic earnings per share for Q3 2023 was ¥0.2545, reflecting an 8.07% increase compared to the same period last year[5]. - Total operating revenue for the current period reached ¥13,926,817,324.61, an increase of 12.74% from ¥12,352,647,973.00 in the previous period[40]. - Operating profit for the current period was ¥833,062,323.32, significantly higher than ¥265,318,801.67 in the previous period, reflecting a growth of 213.36%[40]. - Net profit for the current period reached ¥727,101,891.34, compared to ¥195,396,756.56 in the previous period, marking an increase of 271.36%[41]. - Basic earnings per share for the current period were ¥0.6002, up from ¥0.1547 in the previous period, representing a growth of 287.45%[41]. - The company reported a total comprehensive income of ¥727,135,852.55 for the current period, compared to ¥195,519,707.59 in the previous period, indicating a substantial increase[41]. Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥22,464,771,497.24, representing an 18.68% increase from the end of the previous year[5]. - The company's asset-liability ratio was 53.59%, an increase of 6.12 percentage points from the beginning of the year, reflecting strong financial stability[29]. - Total liabilities amounted to CNY 12.04 billion, up from CNY 8.99 billion, indicating an increase of approximately 34.3%[38]. - The company's equity attributable to shareholders reached CNY 10.38 billion, compared to CNY 9.93 billion at the beginning of the year, reflecting an increase of about 4.5%[38]. Cash Flow - The company reported a significant increase in cash flow from operating activities, with a net cash flow of ¥1,450,414,237.26, up 110.25% year-to-date[5]. - Cash flow from operating activities generated a net amount of ¥1,450,414,237.26, an increase of 110.73% from ¥689,864,965.84 in the previous period[42]. - In Q3 2023, the net cash flow from financing activities was CNY 1,131,396,686.41, a decrease of 32.4% compared to CNY 1,672,663,153.79 in the same period last year[43]. - The total cash and cash equivalents at the end of Q3 2023 reached CNY 1,572,436,075.65, an increase of 25.2% from CNY 1,255,406,610.30 at the end of Q3 2022[43]. - The company reported a net increase in cash and cash equivalents of CNY 914,181,616.32, compared to CNY 791,887,584.73 in Q3 2022, reflecting a growth of 15.5%[43]. Investments and Growth - The company has expanded its annual production capacity by 120 million birds, bringing the total capacity to over 700 million birds[13]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[41]. - The company’s goodwill increased by ¥101,011,100.00, a 100% rise, due to the acquisition of 68.57% of Gansu Shengyue Agricultural Development Co., Ltd.[13]. - The company completed the equity transfer registration for Shengyue Agriculture on September 28, 2023, gaining control and increasing its white feather chicken production capacity from over 600 million to over 700 million birds per year[36]. Changes in Financial Position - Short-term borrowings increased by CNY 1,954.6218 million, a growth of 42.53%, mainly due to low financing costs and increased bank loans for procurement[15]. - Long-term borrowings increased by CNY 580 million, a growth of 333.33%, due to the acquisition of a subsidiary[22]. - Other payables increased by CNY 761.6547 million, a growth of 288.42%, mainly due to borrowings from the controlling shareholder prior to the acquisition of a subsidiary[19]. - Tax payable increased by CNY 43.0638 million, a growth of 86.84%, mainly due to increases in corporate income tax and value-added tax[18]. Operational Metrics - The company reported a significant increase in accounts receivable, which rose to CNY 972.16 million from CNY 895.09 million, an increase of approximately 8.6%[37]. - Inventory decreased slightly to CNY 3.23 billion from CNY 3.35 billion, a decline of about 3.4%[37]. - The company’s long-term investments increased to CNY 96.09 million from CNY 81.06 million, representing a growth of approximately 18.5%[37]. Other Information - The company has not undergone an audit for the Q3 2023 report[44]. - The report indicates that the new accounting standards were first implemented in 2023, affecting the financial statements[44]. - The company’s board of directors held a meeting on October 24, 2023, to discuss the quarterly report[45].