Financial Associated Press, October 26 (Reporter Wu Weiling)Wheat inventory costs returned to normal, raw material costs declined, and several businesses improved in the third quarter of Arowana (300999.SZ).

Looking forward to the future market, goldfish related responsible person told the financial union reporter, Dragon Boat Festival, Mid-Autumn Festival and other traditional holidays are the company's sales peak season, the next peak season will be before the Spring Festival next year.

In the evening of this day, Arowana released an announcement that the company realized operating income of 188.5 billion yuan in the first three quarters, with a year-on-year growth of 0.4%; realized net profit of 2.13 billion yuan, down 9.5% year-on-year. Among them, the operating income in the third quarter was RMB 69.8 billion yuan, with a year-on-year growth of 2.1%, and the net profit attributable to the parent company was RMB 1.16 billion yuan, with a year-on-year growth of 208.4%. Compared with the net profit of Q2, the net profit decreased by 94% year-on-year, showing a warming trend.

At the cost end, the price of soybean, the main raw material, fell, and the cost pressure of the company was relieved. According to the data of the General Administration of Customs, the average price of soybean imports in the third quarter was about 4047 yuan/ton, down about 17% from the same period last year.

From the perspective of splitting business, kitchen food as its main source of income, the profit of flour products decreased greatly in the first half of the year, mainly due to the company's consumption of high-priced wheat inventory in the early stage. According to the announcement, the company's wheat inventory costs in the third quarter have returned to normal levels, flour business profits rose year-on-year.

At the same time, the decline in raw material costs drove the gross profit margin and profit of kitchen food retail channel products to increase year-on-year. However, the company also said that overall, the increase in retail channel product profits failed to fully offset the impact of the decline in food and beverage industry channel product profits, resulting in a year-on-year decline in kitchen food profits.

Feed raw materials and oil technology business, the announcement said that this part of Q3 profit year-on-year growth is relatively large, on the one hand, soybean meal and other products prices have picked up, sales rose year-on-year, driving the press profit year-on-year growth; on the other hand, the price of this part of products picked up, sales increased year-on-year.

Baichuan Yingfu monitoring data show that as of October 19, the average price of soybean meal market is 4353 yuan/ton, up 1.54% compared with the same period last week and still down 9.35% compared with the beginning of the year. Baichuan Yingfu analysis said, Domestic oil plant start-up rate downward, Downstream market just need, Or short-term good soybean meal market.

From the demand side, Golden Dragon Fish said that the overall consumption recovery slowed down in the second quarter of this year. In the second half of this year, with the implementation of a series of policies to promote consumption issued intensively from the central government to the local government, consumers 'willingness and ability to consume were further improved, which strongly promoted the acceleration of consumption recovery rhythm.

It is worth mentioning that the Company issued an announcement in August stating that the controlling shareholder Bathos Company Limited (hereinafter referred to as "Bathos") voluntarily extended the lock-up period of its pre-IPO restricted shares to October 2024. According to the announcement, Bathos 'move is mainly based on confidence in the company's future development prospects and recognition of the company's value.