Investment Rating - The report does not provide a specific investment rating for the company [4] Core Views - The company experienced significant profit decline in the first three quarters of 2024 due to losses from futures trading, with a net profit of 10.25 million yuan, down 86.16% year-on-year [1] - The gross profit margin for the first three quarters was 24.26%, an increase of 1.06 percentage points year-on-year, while the net profit margin was 1.59%, a decrease of 7.68 percentage points year-on-year [5] - The company operates as a comprehensive supplier in the dairy industry, focusing on the entire supply chain from grass planting to dairy product production [5] Financial Performance Summary - For Q1-Q3 2024, the company reported revenue of 736.65 million yuan, a year-on-year decrease of 5.52%, and a net profit of 10.25 million yuan, down 86.16% year-on-year [1] - In Q3 2024, revenue was 263.67 million yuan, a decrease of 7.43% year-on-year, with a net profit of -25.46 million yuan, down 179.10% year-on-year [1] - The company’s total assets amounted to 2,268.78 million yuan, with a net asset value of 781.43 million yuan [2]
骑士乳业：期货交易亏损致前三季度利润大幅下滑