Muyuan Foods (002714) Q3 2024 earnings summary

Executive summary

• Achieved revenue of ¥39.91 billion in Q3 2024, up 28.33% year-over-year; YTD revenue reached ¥96.78 billion, up 16.64% year-over-year.

• Net profit attributable to shareholders was ¥9.65 billion in Q3, a 930.20% increase year-over-year; YTD net profit was ¥10.48 billion, up 668.90%.

• Basic EPS for Q3 was ¥1.79, up 894.44% year-over-year; YTD basic EPS was ¥1.94, up 670.59%.

Financial highlights

• Operating cash flow for Q3 was ¥29.18 billion, up 336.27% year-over-year.

• Gross margin and other detailed margin data not specified, but significant profit growth noted.

• Non-recurring losses included asset disposals and government grants, with net non-recurring loss of ¥690 million in Q3.

• Total assets at Q3-end were ¥191.27 billion, down 2.12% from year-end 2023; shareholders’ equity rose 15% to ¥72.25 billion.

Key financial ratios and metrics

• Weighted average ROE for Q3 was 14.11%, up 12.66 percentage points year-over-year; YTD ROE was 15.36%, up 18.04 points.

• Diluted EPS for Q3 was ¥1.76, up 877.78% year-over-year; YTD diluted EPS was ¥1.91, up 661.76%.