天禾股份(002999) - 2022 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2022 reached ¥3,639,344,460.26, representing a 15.61% increase compared to the same period last year[5] - Net profit attributable to shareholders decreased by 53.54% to ¥7,503,164.07 for Q3 2022, while year-to-date net profit increased by 8.48% to ¥89,618,228.06[5] - Total operating revenue for the third quarter reached ¥13,025,136,385.48, an increase of 36.8% compared to ¥9,538,692,477.59 in the same period last year[26] - Net profit for the period was ¥128,026,040.09, representing a 5.3% increase from ¥121,491,365.38 in the previous year[27] - The total comprehensive income for the period was CNY 126,725,714.78, compared to CNY 121,382,417.05 in the previous period, representing an increase of approximately 3%[28] - The net profit attributable to the parent company was CNY 88,317,902.75, up from CNY 82,505,180.13, indicating a growth of about 9.9%[28] - Basic and diluted earnings per share increased to CNY 0.26 from CNY 0.24, reflecting an 8.3% rise[28] Assets and Liabilities - The total assets of the company as of September 30, 2022, amounted to ¥6,870,637,430.51, reflecting a 20.01% increase from the end of the previous year[5] - The company's total assets increased to ¥6,870,637,430.51, up from ¥5,725,168,198.80, reflecting a growth of 20.0%[24] - Current assets totaled ¥5,537,553,873.89, a rise of 20.9% compared to ¥4,574,790,260.00 at the beginning of the year[23] - The total liabilities increased to ¥5,453,685,467.48, up from ¥4,382,191,094.99, reflecting a growth of 24.4%[24] Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥949,218,507.77 year-to-date, a 2.55% increase in outflow compared to the previous year[5] - The net cash flow from operating activities was -CNY 949,218,507.77, slightly improved from -CNY 974,044,319.40 in the previous period[30] - Cash and cash equivalents at the end of the period totaled CNY 668,527,849.15, compared to CNY 521,450,754.70 at the end of the previous period, showing an increase of about 28.2%[30] - Cash inflow from financing activities was CNY 2,510,598,550.03, up from CNY 2,338,144,379.23, representing a growth of approximately 7.4%[30] - The company reported a cash outflow from investing activities of -CNY 224,656,849.45, compared to -CNY 161,488,047.99 in the previous period, indicating increased investment activity[30] Operational Metrics - The gross profit margin for the company decreased due to a 39.43% increase in operating costs, which reached ¥12,163,082,039.81[10] - Total operating costs amounted to ¥12,770,112,981.19, up 37.5% from ¥9,334,494,990.84 year-on-year[26] - Inventory levels increased to ¥2,390,156,352.11, up 20.2% from ¥1,988,436,401.18 year-on-year[23] - The company reported a decrease in financial expenses to ¥28,855,371.42 from ¥33,654,802.10, a reduction of 14.0%[27] Research and Development - The company's R&D expenses rose by 48.96% to ¥1,612,044.55, reflecting increased investment in research and development[10] - Research and development expenses rose to ¥1,612,044.55, compared to ¥1,082,210.15, marking an increase of 48.9%[27] Shareholder Information - The total number of common shareholders at the end of the reporting period is 26,201[14] - Guangdong Supply and Marketing Group Co., Ltd. holds 30.25% of the shares, totaling 105,140,000 shares[14] - The company has a total of 15,433,848 shares held by Zhongshan Zhongke Chuangye Investment Co., Ltd.[15] - The company has a total of 12,000,152 shares held by Guangdong Zhongke Baiyun Emerging Industry Venture Capital Fund Co., Ltd.[15] Corporate Governance - The company appointed Feng Xia as an independent director on September 30, 2022, following the resignation of Liu Qiongguang[18] - The company has changed its securities affairs representative to Zeng Ting as of September 13, 2022[19] - The company completed the annual profit distribution for 2021 on August 26, 2022[16] Investment and Expansion - The company has established 42 county-level agricultural service companies as of September 30, 2022, with a planned total of 100[16] - The company plans to invest no less than 198,000 RMB in each county-level agricultural service company[16] - The company completed the transfer of 30.25% of its shares from Guangdong Yuehe Asset Management Co., Ltd. to Guangdong Supply and Marketing Group Co., Ltd. on August 25, 2022[17] Other - The company experienced a 336.38% increase in asset impairment losses, totaling ¥90,631,048.93, primarily due to a decline in fertilizer prices[12] - The company reported a significant increase in investment income, which rose by 274.70% to ¥1,279,082.69, attributed to higher dividend income from other equity investments[12] - The report was not audited, indicating that the figures presented are preliminary and subject to change[31]