CAHIC(600195)2024-10-28 10:08Financial Performance - The company's operating revenue for Q3 2024 was CNY 1,699,007,077.41, representing a year-on-year increase of 2.93%[2] - The net profit attributable to shareholders for Q3 2024 was CNY 18,997,959.60, a decrease of 85.16% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was CNY 19,507,225.32, down 82.38% year-on-year[2] - The basic earnings per share for Q3 2024 was CNY 0.0186, reflecting a decline of 85.16% year-on-year[2] - The total comprehensive income for the third quarter of 2024 was CNY 82,005,458.65, compared to CNY 378,940,379.10 in the same period of 2023[18] - The basic and diluted earnings per share for the third quarter were CNY 0.0801, down from CNY 0.3887 year-over-year[18] - The company reported a decrease in sales revenue from CNY 3,753,093,132.51 in the first three quarters of 2023 to CNY 3,453,792,570.76 in 2024[19] Cash Flow and Liquidity - The net cash flow from operating activities for Q3 2024 was negative CNY 140,985,583.04, a decrease of 297.22% compared to the same period last year[2] - Cash flow from operating activities for the first three quarters of 2024 was CNY 3,591,159,885.43, a decrease from CNY 3,906,059,891.43 in the same period of 2023[20] - The net cash flow from operating activities was negative CNY 311,007,746.02, compared to negative CNY 9,639,629.08 in the previous year[20] - Cash flow from investing activities resulted in a net outflow of CNY 320,564,958.49, compared to a net outflow of CNY 362,607,590.84 in the same period of 2023[21] - Cash flow from financing activities showed a net outflow of CNY 239,236,006.80, contrasting with a net inflow of CNY 486,425,293.41 in the previous year[21] - The ending cash and cash equivalents balance was CNY 618,549,872.24, down from CNY 990,410,353.26 at the end of the previous year[21] - The company's cash and cash equivalents as of September 30, 2024, were approximately ¥621.99 million, down from ¥1,492.96 million at the end of 2023[12] Assets and Liabilities - Total assets at the end of Q3 2024 amounted to CNY 8,985,674,710.63, an increase of 0.44% compared to the end of the previous year[3] - The company's total assets as of the end of the third quarter of 2024 were CNY 8,985,674,710.63, slightly up from CNY 8,946,377,928.42 at the end of 2023[15] - Total liabilities increased to CNY 2,495,124,825.05 from CNY 2,405,562,765.96 year-over-year, indicating a rise in financial obligations[15] - The company's equity attributable to shareholders decreased to CNY 5,485,792,742.43 from CNY 5,520,675,866.70, reflecting changes in retained earnings[15] - The equity attributable to shareholders at the end of Q3 2024 was CNY 5,485,792,742.43, a decrease of 0.63% from the previous year[3] Shareholder Information - The total number of common shareholders at the end of the reporting period was 39,022[8] - The largest shareholder, China Animal Husbandry Group Co., Ltd., holds 504,094,163 shares, accounting for 49.37% of total shares[10] - The total number of preferred shareholders with restored voting rights was 0[8] - The company has no pledged, marked, or frozen shares among its top shareholders[10] Operational Metrics - Accounts receivable at the end of Q3 2024 increased by 78.16%, primarily due to an increase in receivables within the payment period[7] - Short-term borrowings at the end of Q3 2024 increased by 57.01%, mainly due to additional short-term financing loans from banks[7] - The company reported a significant increase in prepayments to approximately ¥175.96 million from ¥58.14 million[13] - Inventory decreased slightly to approximately ¥1.06 billion from ¥1.09 billion[13] - The company's long-term equity investments amounted to approximately ¥803.11 million, up from ¥784.41 million[13] - The total current assets were approximately ¥3.81 billion, a slight decrease from ¥3.82 billion[13] Research and Development - Research and development expenses for the first three quarters of 2024 amounted to CNY 92,602,407.24, compared to CNY 84,150,995.12 in the same period of 2023, indicating a focus on innovation[17] Operating Costs - Total operating costs increased to CNY 4,125,409,573.52 from CNY 3,896,103,089.65 year-over-year, reflecting a rise in operating expenses[16] - Sales expenses for the first three quarters of 2024 were CNY 298,701,505.68, up from CNY 253,476,751.90 in the previous year, suggesting increased marketing efforts[16]