NHD(002946)2023-10-30 16:00Financial Performance - Total operating revenue for Q3 2023 reached CNY 8,193,900,642.39, an increase of 9.55% compared to CNY 7,479,898,772.11 in the same period last year [2]. - Net profit for Q3 2023 was CNY 391,413,829.32, up 23.83% from CNY 315,993,635.95 in Q3 2022 [6]. - Basic earnings per share for Q3 2023 were CNY 0.44, compared to CNY 0.36 in the same quarter last year, indicating a 22.22% increase [8]. - The net profit attributable to shareholders of the parent company was CNY 380,879,484.35, an increase of 22.73% from CNY 310,216,594.89 in the previous year [6]. - The company reported a total comprehensive income of CNY 116,766,955.43 for Q3 2023, compared to CNY 43,129,497.48 in Q3 2022, reflecting a significant increase [8]. - The company's revenue for Q3 2023 reached ¥2,895,758,108.37, representing a 7.25% increase compared to the same period last year [24]. - Net profit attributable to shareholders for Q3 2023 was ¥144,220,962.88, up 19.08% year-over-year [24]. - The net profit after deducting non-recurring gains and losses for Q3 2023 was ¥161,600,130.04, reflecting a significant increase of 54.39% compared to the previous year [24]. - The basic earnings per share for Q3 2023 was ¥0.17, which is a 21.43% increase compared to the same period last year [24]. Assets and Liabilities - The total liabilities decreased to CNY 6,560,664,682.74 from CNY 6,824,683,089.70, reflecting a reduction of 3.86% [2]. - The company's total equity increased to CNY 2,748,363,436.12, up from CNY 2,665,386,174.86, representing a growth of 3.11% [2]. - The long-term borrowings increased to CNY 1,839,502,022.21 from CNY 1,594,500,000.00, representing a growth of 15.38% [2]. - The total assets as of September 30, 2023, amounted to ¥9,309,028,118.86, a decrease of 1.91% from the end of the previous year [24]. - The company's long-term payables decreased by 84.58%, primarily due to reclassification of certain obligations [26]. - The company's short-term borrowings decreased by 31.48% to ¥567,281,390.99, indicating improved liquidity management [26]. Cash Flow - The net cash flow from operating activities for the current period is CNY 1,195,929,850.95, an increase of 71.5% compared to CNY 698,580,968.41 in the previous period [9]. - Cash inflow from operating activities totaled CNY 9,007,319,085.10, up from CNY 8,295,687,195.36, reflecting a growth of 8.6% [9]. - The cash outflow from operating activities increased to CNY 7,811,389,234.15 from CNY 7,597,106,226.95, representing a rise of 2.8% [9]. - The net cash flow from investing activities was -CNY 398,939,814.65, an improvement from -CNY 521,857,415.25 in the previous period [11]. - Cash inflow from financing activities decreased to CNY 1,828,145,456.12 from CNY 1,850,240,677.44, a decline of 1.2% [11]. - The net cash flow from financing activities was -CNY 709,282,638.09, worsening from -CNY 227,450,811.72 in the previous period [11]. - The ending cash and cash equivalents balance increased to CNY 513,513,139.64 from CNY 461,421,435.74, marking a growth of 11.3% [11]. - The company's cash flow from operating activities for the first nine months of 2023 was ¥1,195,929,850.95, showing a substantial increase of 71.19% year-over-year [28]. - The company experienced an increase in income tax expenses by 83.87%, amounting to ¥60.38 million, attributed to improved profitability across dairy subsidiaries [41]. - Cash flow from operating activities improved, with net cash inflow from operating activities increasing year-on-year due to changes in inventory and operating payables [40]. Expenses - Research and development expenses for Q3 2023 amounted to CNY 34,971,962.71, a rise from CNY 32,441,765.77 in Q3 2022, showing an increase of 15.61% [6]. - The total operating costs for Q3 2023 were CNY 7,716,489,138.10, up from CNY 7,211,353,939.70, marking a 7.00% increase [6]. - Investment income decreased by 62.27% to ¥17.42 million from ¥46.17 million year-on-year, primarily due to a decline in investment income from joint ventures and dividends from other equity instruments [41]. - The fair value change income showed a significant loss of ¥11.94 million, a decrease of 137.05% compared to a gain of ¥32.22 million in the previous year [41]. - The company recorded a significant increase in asset disposal losses, with a year-on-year increase attributed to higher numbers of cattle being culled and a decrease in selling prices [35]. Strategic Focus - The company plans to continue focusing on market expansion and new product development as part of its growth strategy moving forward [38]. - The company reduced short-term borrowings and current portion of non-current liabilities as part of its strategy to repay bank loans based on operational needs [40]. - The company received government subsidies amounting to ¥19.24 million during the current period, contributing positively to its financial performance [39]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 16,639, with the largest shareholder, Universal Dairy Limited, holding 64.68% [36].