Stock Code: 300957 Stock Abbreviation: Botanee Announcement No.: 2024- 053
Yunnan Botanee Bio-Technology Group Co., Ltd.
2024 Q3 Quarterly ReportBotanee and all members of the Board of Directors guarantee that the information disclosed herein is true,accurate and complete without false hoods, misleading statement s or major omissions.Notices:
1. Botanee’s Board of Directors, Board of Supervisors, as well as directors, supervisors and senior managementofficers guarantee that the present quarterly report is true, accurate and complete without false hoods, misleadingstatements or major omissions, and undertake individual and joint legal liabilities arising therefrom.
2. Botanee’s legal representative Mr. Guo Zhenyu, CFO Mr. Wang Long, and Head of Accounting Department Mr.Liu Zhaofeng hereby declare that the financial information herein is authentic, accurate, and complete.
3. Whether this Q3 report has been audited or not:
□ Yes? No
I. Key financial data(i) Major Accounting Data and Financial Indicators
Whether the Company needs to retrospectively adjust or restate the accounting data for the previous years
□ Yes ? No
| This Reporting Period | Change in the Reporting Period (%) | From the beginning of the year to the end of the Reporting Period | Change in the period from the beginning of the year to the end of the Reporting Period（%） | |
| Operating revenue(RMB) | 1,213,087,219.34 | 14.04% | 4,017,760,019.31 | 17.09% |
| Net profit attributable to shareholders of the listed companies (RMB) | -68,999,289.50 | -153.41% | 414,768,732.22 | -28.39% |
| Net profit attributable to shareholders of the listed company after deducting non-recurring Gains and Losses (RMB) | -78,224,976.78 | -158.23% | 341,368,837.06 | -32.81% |
| Net cash flows from operating activities (RMB) | 6,430,018.31 | -94.83% | ||
| Basic earnings per share (RMB/share) | -0.16 | -151.61% | 0.99 | -27.74% |
| Diluted earnings per share (RMB/share) | -0.16 | -153.33% | 0.98 | -27.94% |
| Weighted average ROE | -1.16% | Decrease by 3.41 percentage points | 7.07% | Decrease by 3.11 percentage points |
| End of the reporting period | End of the Previous Year | Change in the End of This Reporting Year over the End of the Previous Year (%) | ||
| Total assets (RMB) | 7,804,443,170.41 | 7,506,930,342.79 | 3.96% | |
| Owners' equity attributable to shareholders of listed companies (RMB) | 5,903,907,588.93 | 5,860,994,371.02 | 0.73% | |
Whether the Company’s share capital has changed and affected the amount of shareholders’ equity due to secondarypublic offering，placement; allotment; ESOP exercise , buybacks and other reasons from the end of the reportingperiod to the disclosure date of the quarterly report.?Yes □No
| Current reporting period | Beginning of year to end of reporting period | |
| Dividends for Preferred Shares That Have Been Paid ( RMB) | ||
| Interest Paid on Perpetual Bonds ( RMB) | ||
| Fully Diluted Dividends per Share Based on Latest Share | -0.1629 | 0.9792 |
Capital ( RMB / Share)
(ii) Item and Amount of Non-Recurring Gains and Losses?Applicable □ Not applicable
Currency: RMB
| Item | Amount for the current reporting period | Amount from the beginning to the end of the reporting period | Description |
| Gains and Losses from disposal of non-current assets (including the offset part of provisions for impairment of assets) | 265,935.92 | -1,127,052.38 | |
| Government subsidies included in the current Gains and Losses (excluding those closely related to the normal business of the Company, granted under the national policies and continuously enjoyed according to certain standards with lasting impacts on the Company’s profit and loss) | 5,158,276.41 | 47,624,403.38 | Government subsidies and incentives included in “other income” item. |
| Except for the effective hedging activities related to the Company’s ordinary activities, Gains and Losses arising from changes in fair value of financial assets and financial liabilities held by non-financial enterprises, and Gains and Losses arising from disposal of financial assets and financial liabilities | -3,342,571.76 | 17,367,189.05 | Represents gain or loss on change in fair value of entrusted cash. |
| Gains and losses from assets invested or managed by the entrusted | 11,508,589.46 | 39,997,693.67 | Mainly investment income generated by the maturity of entrusted cash management |
| Other non-operating income and expenses other than the above | -2,582,974.84 | -10,518,467.93 | Mainly public welfare donations charged to "non-operating expenses". |
| Less: Effect on income tax | 1,753,723.21 | 18,983,116.83 | |
| Effect on minority interests (after tax) | 27,844.70 | 960,753.80 | |
| Total | 9,225,687.28 | 73,399,895.16 |
Particulars about other items that meet the definition of non-recurring gain s and losses:
□ Applicable? Not applicable
There is no other items that meet the definition of non-recurring gain s and losses in the Company.Defined non-recurring gain s and losses set out in the Explanatory Announcement on Information Disclosure byCompanies Offering Securities to the Public No. 1 Non recurring Gains and Losses as recurring gain s and losses
□ Applicable? Not applicable
We did not define non-recurring gains and losses set out in the Explanatory Announcement on InformationDisclosure by Companies Offering Securities to the Public No. 1 Non recurring Gains and Losses as recurring gainsand losses.
(iii) Changes in Major Accounting Data and Financial Indicators and Reasons
?Applicable □ Not applicable
1. Changes in the Items of Consolidated Balance Sheet at the End of the Reporting Period andReasons
Currency: RMB
| Item | Balance at the End of the Reporting Period | Balance at the Beginning of the Year | Increase/ Decrease | Proportion of increase/ decrease |
| Cash and cash equivalents | 1,166,944,088.76 | 2,091,459,861.58 | -924,515,772.82 | -44.20% |
| Financial assets held for trading | 1,975,892,720.20 | 1,238,356,707.34 | 737,536,012.86 | 59.56% |
Notes receivable
| Notes receivable | 24,502,124.46 | -24,502,124.46 | -100.00% | |
| Accounts receivable | 772,141,683.77 | 561,761,929.57 | 210,379,754.20 | 37.45% |
| Prepayments | 110,731,725.08 | 69,279,116.38 | 41,452,608.70 | 59.83% |
| Other receivables | 38,777,891.11 | 29,748,433.09 | 9,029,458.02 | 30.35% |
| Construction work in process | 54,133,845.53 | 40,220,147.41 | 13,913,698.12 | 34.59% |
| Right-of-use assets | 186,949,433.90 | 100,712,614.93 | 86,236,818.97 | 85.63% |
| Intangible asset | 266,963,888.68 | 193,108,638.64 | 73,855,250.04 | 38.25% |
| Deferred income tax assets | 148,445,896.80 | 93,131,250.45 | 55,314,646.35 | 59.39% |
| Short term loans | 245,980,003.46 | 103,816,588.60 | 142,163,414.86 | 136.94% |
Notes payable
| Notes payable | 143,651,602.85 | 67,562,710.23 | 76,088,892.62 | 112.62% |
| Contractual liabilities | 69,312,151.22 | 50,053,638.68 | 19,258,512.54 | 38.48% |
| Employee remuneration payable | 145,836,510.23 | 106,452,763.55 | 39,383,746.68 | 37.00% |
| Other payables | 105,649,402.21 | 449,282,195.16 | -343,632,792.95 | -76.48% |
| Non-current liabilities due within one year | 72,092,918.09 | 42,102,294.00 | 29,990,624.09 | 71.23% |
| Other current liabilities | 17,059,866.66 | 5,455,465.77 | 11,604,400.89 | 212.71% |
| Long term loans | 321,300,000.00 | 4,700,000.00 | 316,600,000.00 | 6736.17% |
| Lease liabilities | 112,675,673.64 | 63,283,532.61 | 49,392,141.03 | 78.05% |
Deferred income
| Deferred income | 56,067,010.53 | 82,862,738.40 | -26,795,727.87 | -32.34% |
| Treasury shares | 234,717,526.96 | 109,838,205.82 | 124,879,321.14 | 113.69% |
Reasons for the changes：
(1) The balance of cash at bank and on hand at the end of the reporting period stood at RMB1,166.94 million, a
decrease of RMB924.51milion or about 44.20% compared with the beginning of the year. For changes in majorcash flow s of the Company’s cash at bank and on hand during the reporting period, please refer to “3. Changesin Items of Consolidated Balance Sheet at the End of the Reporting Period and Reasons of this report”.
(2) The total balance of financial assets held for trading at the end of the reporting period stood at RMB1,975.89million, an increase of RMB737.54 million or about 59.56% compared with the beginning of the year, which wasmainly due to increase s in immature investment balance of cash management projects (measured at fair value)with available funds raised and its own funds within the quota authorized by the General Meeting of Shareholdersat the end of the reporting period.
(3) There was no balance of notes receivable at the end of the period, a decrease of RMB24.50 million comparedwith the beginning of the year, which was attributable to the fact that the Company had fully collected the maturedcommercial acceptances from the beginning of the year to the end of the reporting period. At the end of the reportingperiod, the Company had no commercial acceptances on hand.
(4) The closing balance of accounts receivable amounted to RMB772.14 million, representing an increase ofRMB210.37million, or approximately 37.45%, as compared with that at the beginning of the year, which was mainlydue to the fact that the Company's major credit customers were actively preparing for bulk purchases from theCompany for its Q4 2024 sales promotion during the reporting period, and the relevant receivables were still withinthe commercial credit period as at the end of the reporting period. There was no significant change in the commercialcredit policy of the Company's major credit customers from the beginning of the year to the end of the reportingperiod. The creditworthiness of the Company's credit customers was good and strong. The proportion of theCompany's accounts receivable with an age of less than one year to the balance of accounts receivable at the end ofthe reporting period and at the beginning of the year was approximately 96.31% and 98.65%, respectively, with abetter ageing profile and stronger liquidity. The Company's accounts receivable are well paid back and the qualityof accounts receivable is high, and the Company believes that the possibility of bad debts arising from accountsreceivable is low. The Company has implemented a strict credit management system and a prudent bad debtprovisioning policy, and the provision for bad debts in respect of accounts receivable is adequate, with the percentageof provision for bad debts at the end of the reporting period and the beginning of the current year amounting toapproximately 5.29% and 4.64%, respectively.
(5) The closing balance of prepayments amounted to RMB110.73 million, representing an increase of RMB41.45million, or approximately 59.83%, as compared with the beginning of the year, which was mainly attributable to theincrease in the Company's prepayment of marketing expenses and advertising and endorsement expenses of large-scale B2C e-commerce platforms and other marketing service providers for the fourth quarter of 2024 for thepromotion activities during the reporting period. The Company's prepayments are expected to be written off in thenext twelve months on a turnaround basis.
(6) The closing balance of other receivables amounted to RMB38.78 million, representing an increase of RMB9.03million, or approximately 30.35%, as compared with the beginning of the year, which was mainly attributable to theincrease in deposits and guarantees paid by the Company for the purpose of carrying out its business activities fromthe beginning to the end of the reporting period. The Company has implemented a strict deposit and guaranteemanagement system and a prudent bad debt provision policy, and the bad debt provision for other receivables wasadequate, with the bad debt provision ratio at the end of the reporting period and the beginning of the year being
approximately 18.84% and 19.97% respectively.
(7) The closing balance of construction under progress amounted to RMB54.13 million, representing an increase ofRMB13.91 million, or approximately 34.59%, compared with the beginning of the year, which was mainlyattributable to the increase in investment in the Company's sporadic engineering and construction (technologicalupgrading and renovation) projects during the reporting period.
(8) The closing balance of right-of-use assets amounted to RMB186.95 million, representing an increase ofRMB86.24 million, or 85.63%, compared with the beginning of the year, which was mainly attributable to theCompany's new leasing contracts for operating sites from the beginning of the year to the end of the reporting period.From the beginning of the year to the end of the reporting period, the Company's leased premises were mainly usedfor production, research and development, warehousing and office purposes.
(9) The closing balance of intangible assets amounted to RMB 266.96 million, representing an increase of RMB
73.86 million, or approximately 38.25%, compared with the beginning of the year, which was mainly due to theincrease in the investment payment for the right to use the office software and the land use right formed by theCompany's outsourcing and internal research and development from the beginning of the year to the end of thereporting period.
(10) The closing balance of deferred income tax assets amounted to RMB148.45 million, representing an increaseof RMB55.31 million, or 59.39%, compared with the beginning of the year, which was mainly due to the combinedeffect of the increase in the balances of temporary differences in the items of "Lease liabilities" and "Deductiblelosses" and the decrease in the balances of temporary differences in the item of "Government grants recognized asdeferred income" at the end of the reporting period. The increase was mainly due to the combined effect of theincrease in the balance of temporary differences between the items of "lease liabilities" and "deductible losses" andthe decrease in the balance of temporary differences in the item of "government grants recognized as deferredincome" at the end of the reporting period.
(11) The closing balance of short-term loans amounted to RMB 245.98 million, representing an increase of RMB
142.16 million, or 136.94%, from the beginning of the year to the end of the reporting period, due to the short-termliquidity financial loans from commercial banks obtained by the Company in accordance with the dynamic capitaldemand plan and actively exploring sound and diversified financing channels.
(12) The closing balance of notes payable amounted to RMB143.65 million, representing an increase of RMB76.09million, or approximately 112.62%, compared with the beginning of the year. This was due to the fact that from thebeginning of the year to the end of the reporting period, the Company, in accordance with the dynamic capitaldemand plan, actively explored sound and diversified financing channels, and the balance of the outstanding bankers'acceptances payable issued by the Company at the end of the reporting period increased by a relatively large amount.
(13) The closing balance of contract liabilities amounted to RMB69.31 million, representing an increase ofRMB19.26 million, or approximately 38.48%, as compared with the beginning of the year, which was mainlyattributable to the combined effect of the increase in the balance of the Company's advance receipts and provisionfor sales rebates and unredeemed credit reserves at the end of the reporting period.
(14) The ending balance of compensation payable to employees amounted to RMB145.84 million, representing anincrease of RMB39.38 million, or approximately 37.00%, as compared to the beginning of the current year, whichwas mainly attributable to the increase in the amount of the Company's FY201024 year-end bonus (nine months)and the balance of the performance bonus for the third quarter of FY2024, which were accrued in accordance withthe accounting period at the end of the reporting period.
(15) The closing balance of other payables amounted to RMB105.65 million, a decrease of RMB343.63 million fromthe beginning of the year, a decrease of approximately 76.48%, mainly due to the fact that from the beginning of theyear to the end of the reporting period, the Company paid the various due marketing expenses incurred in the fourthquarter of the previous year in respect of the large-scale B2C e-commerce platforms and other marketing serviceproviders, and the balance of other payables decreased accordingly.
(16) The closing balance of other current liabilities amounted to RMB17.06 million, representing an increase ofRMB11.60 million, or approximately 212.71%, compared with the beginning of the year, which was mainlyattributable to the increase in the balance of the provision for expected return of goods (payable for return of goods)made by the Company during the reporting period.
(17) The closing balance of long-term loans amounted to RMB321.30 million, representing a significant increasefrom the beginning of the year, which was attributable to the long-term project loans from commercial banksobtained by the Company from the beginning of the year to the end of the reporting period.
(18) Non-current liabilities due within one year and lease liabilities totaled RMB184.77 million at the end of theperiod, representing an increase of RMB79.38 million, or approximately 75.33%, compared with the beginning ofthe year, which was mainly attributable to the increase in the amount of lease payments for operating sites for whichthe Company had not yet met the payment terms at the end of the reporting period. From the beginning of the yearto the end of the reporting period, the Company's leased premises were mainly used for production, research anddevelopment, warehousing and office purposes. From the beginning to the end of the reporting period, the closingbalance of the Company's right-of-use assets basically matched the trend and magnitude of the increase in the closingbalance of non-current liabilities and lease liabilities due within one year.
(19) The ending balance of deferred income was RMB56.07 million, a decrease of RMB26.80 million orapproximately 32.34%, compared with the beginning of the year, which was mainly due to the higher amortizationof government grants for special research and development funds from the beginning of the year to the end of thereporting period in accordance with the progress of the implementation of the scientific and technological projectsof the Specialty Plants Laboratory of Yunnan Province.
(20) The closing balance of treasury shares was RMB234.72 million, representing an increase of RMB124.88 million,or approximately 113.69%, as compared with the beginning of the year, which was attributable to the repurchase ofshares of the Company's ordinary shares through centralized bidding and trading with its own funds pursuant to theresolution of the Board of Directors during the reporting period.
2. Changes in the Items of Consolidated Income Statement from the Beginning of the Year tothe End of the Reporting Period and Reasons
Currency: RMB
| Item | Current Amount | Amount Incurred in the Same Period of the Previous Year | Change | Proportion on Increase/ Decrease |
| Operating revenue | 4,017,760,019.31 | 3,431,483,300.01 | 586,276,719.30 | 17.09% |
| Operating costs | 1,055,538,266.19 | 809,234,537.42 | 246,303,728.77 | 30.44% |
| Marketing expenses | 2,009,988,137.89 | 1,604,575,219.78 | 405,412,918.11 | 25.27% |
| Administration expenses | 339,559,239.61 | 244,208,517.61 | 95,350,722.00 | 39.04% |
Financial cost
| Financial cost | -2,693,413.82 | -16,439,866.87 | 13,746,453.05 | 83.62% |
| Gain (loss recognized as "-") on change in fair value | 17,367,189.05 | -24,026,395.24 | 41,393,584.29 | 172.28% |
| Non-operating expenses | 12,385,601.16 | 8,153,423.12 | 4,232,178.04 | 51.91% |
| Net profit attributable to shareholders of the parent company | 414,768,732.22 | 579,190,052.04 | -164,421,319.82 | -28.39% |
Analysis of reasons for changes:
(1) The operating revenue of the Company from the beginning of the year to the end of the reporting period amountedto RMB4,017.76 million, representing an increase of RMB586.28 million, or approximately 17.09%, over the sameperiod of the previous year, which was mainly attributable to the combined effect of the increase in the scale of salesof the Company from the beginning of the year to the end of the reporting period as compared with that of the sameperiod of the previous year, as well as the incorporation of Yue Jiang (Guangzhou) Investment Co. (hereinafterreferred to as "ME Investment") was included in the scope of consolidation of the Company from October 31, 2023onwards.
(2) The operating costs of the Company from the beginning of the year to the end of the reporting period amountedto RMB1,055.54 million, representing an increase of RMB246.30 million, or approximately 30.44%, compared withthe same period of the previous year, which was mainly attributable to the increase in operating costs in the samedirection with the growth of the Company's sales scale and sales revenue. From the beginning of the year to the endof the reporting period, the production cost of the Company's main products basically remained stable.
(3) The gross profit margin of the Company from the beginning of the year to the end of the reporting period wasapproximately 73.73%, representing a decrease of approximately 2.69 percentage points as compared with the sameperiod of the previous year. Among them, Yuejiang Investment's "Za" and "PURE&MILD" brands realized operatingincome of RMB381.00 million from the beginning of the year to the end of the reporting period, with a gross profitmargin of approximately 58.37%; according to the scope of statistics for the same period last year, the company's"Winona (Winona)" brand realized gross profit margin of approximately 73.73% compared with the same period lastyear. According to the statistical scope of the same period last year, the company "Winona (Winona)" and othermajor brands from the beginning to the end of the reporting period to achieve a total operating income ofRMB3,636.76 million , an increase of about 5.98% compared with the same period of the previous year, gross profit
margin of sales of about 75.34%. The increase in operating costs from the beginning to the end of the reportingperiod was slightly higher than the increase in operating income, mainly due to the combined effect of the company'spromotional policies and the dynamic response of the sales structure of its products (brands) in accordance withmarket demand from the beginning to the end of the reporting period.
(4) The Company's selling expenses from the beginning of the year to the end of the reporting period amounted toRMB2,009.99 million, representing an increase of RMB405.41 million, or approximately 25.27%, over the sameperiod of the previous year, which was mainly attributable to the growth in the Company's sales scale and salesrevenue, and the Company's continued increase in the investment in the promotion and publicity expenses of itsbrand image, personnel expenses and storage expenses. From the beginning to the end of the reporting period, thegrowth of the Company's selling expenses was higher than the growth of sales scale, which was mainly due to thecombined effect of the Company's initiative to increase its promotional inputs such as grass-raising and trafficattraction in Jitterbug channels, and the increase in advertising and marketing inputs such as brand endorsement andco-branding activities in order to drive the Company's and the brand's sound volume to increase and to warm up forthe omni-channel promotion activities in the fourth quarter of 2024 during the reporting period.
(5) The administrative expenses of the Company from the beginning of the year to the end of the reporting periodamounted to RMB339.56 million, representing an increase of RMB95.35 million, or approximately 39.04%, overthe same period of the previous year. The increase in the Company's administrative expenses from the beginning tothe end of the reporting period was higher than the increase in sales scale, which was mainly due to the accrual ofequity incentive expenses for the employee shareholding plan during the reporting period. The management expensessuch as administrative personnel expenses, depreciation and amortization costs of long-term assets for managementpurposes and other administrative expenses from the beginning to the end of the reporting period were basicallymatched with the growth in sales scale of the Company.
(6) Finance cost (net income) of the Company from the beginning to the end of the reporting period amounted toRMB2.69 million, a decrease of RMB13.75 million, or 83.62%, compared with the same period of the previous year,which was mainly due to the combined effect of the increase in interest expenses from the beginning to the end ofthe reporting period as compared with that of the same period of the previous year, as well as the decrease in interestincome from demand deposits as compared with that of the same period of the previous year.
(7) The Company's net gain from changes in fair value from the beginning of the year to the end of the reportingperiod amounted to RMB17.37 million, an increase of RMB41.39 million in net gain compared with the same periodof the previous year, and a significant increase in net gain year-on-year, which was mainly attributable to the increasein the fair value of a number of entrusted wealth management (measured at fair value) items held by the Companyin its cash management investments from the beginning of the year to the end of the reporting period.
(8) The non-operating expenses of the Company from the beginning of the year to the end of the reporting periodamounted to RMB12.39 million, representing an increase of RMB4.23 million, or 51.91%, compared with the sameperiod of the previous year, which was mainly attributable to the increase in the Company's expenditure on externalpublic welfare donations from the beginning of the year to the end of the reporting period.
(9) From the beginning of the year to the end of the reporting period of the company's net profit attributable toshareholders of the parent company of 414.77 million RMB, compared with the same period of the previous year
decreased by RMB164.42 million, a decrease of about 28.39%, mainly due to the company's operating incomecontinued to grow, the gross profit margin of the sales of the product (brand) sales structure due to the causes of aslight decline in sales as well as the various types of operating expenses phased (or project) rise in the combinedimpact of the company.
3. Changes in the Items of Consolidated Statement of Cash Flow from the Beginning of theYear to the End of the Reporting Period and Reasons
Currency: RMB
| Item | Current Amount | Amount Incurred in the Same Period of the Previous Year | Increase/ decrease | Proportion on Increase/ Decrease |
Cash inflow from businessoperations
| Cash inflow from business operations | 4,202,318,121.88 | 3,724,241,068.30 | 478,077,053.58 | 12.84% |
| Cash outflow from business operations | 4,195,888,103.57 | 3,599,775,539.27 | 596,112,564.30 | 16.56% |
| Cash inflow from investment activities | 3,059,332,916.32 | 3,890,122,959.93 | -830,790,043.61 | -21.36% |
| Cash outflow from investment activities | 4,081,959,077.20 | 4,430,128,738.30 | -348,169,661.10 | -7.86% |
Cash inflow fromfinancing activities
| Cash inflow from financing activities | 669,280,043.91 | 7,500,000.00 | 661,780,043.91 | 8,823.73% |
| Cash outflow from financing activities | 662,755,180.80 | 399,526,671.95 | 263,228,508.85 | 65.89% |
Analysis of reasons for change:
(1) Cash inflow from operating activities from the beginning to the end of the reporting period amounted toRMB4,202.32 million, an increase of RMB478.08 million or 12.84% over the same period of the previous year,which was mainly due to the increase in cash inflow from the growth in sales scale and sales revenue of the Company.From the beginning to the end of the reporting period, the growth of the item "cash received from sales of goods andservices" in the company's operating activities was basically matched with the growth of sales scale. As thegovernment grants and special payables received by the Company from the beginning to the end of the reportingperiod decreased more than that of the same period last year, "cash received from other operating activities"decreased by RMB97.20 million year-on-year, or about 65.16%.
(2) From the beginning to the end of the reporting period, the company's cash outflow from operating activitiesamounted to RMB 4,195.89 million, an increase of RMB 596.11 million over the same period of the previous year,an increase of approximately 16.56%, which was mainly due to the increase in the company's other operatingexpenditures such as brand image promotion and publicity costs, personnel costs and storage costs inputs with theincrease in sales scale. From the beginning of the year to the end of the reporting period of the company's cashoutflow from operating activities growth and sales scale growth basically match.
(3) The Company's cash inflow from investing activities from the beginning to the end of the reporting periodamounted to RMB3,059.33 million, a decrease of RMB830.79 million, or approximately 21.36%, compared withthe same period of the previous year, which was mainly due to the fact that the Company's major cash managemententrusted wealth management investment projects had not yet matured at the end of the reporting period.
(4) Cash outflow from investing activities of the Company from the beginning of the year to the end of the reportingperiod amounted to RMB 4,081.96 million, a decrease of RMB 348.17 million, or 7.86%, compared with that of thesame period of the previous year, mainly due to the fact that the Company's major cash management entrusted wealthmanagement investment projects had not yet expired at the end of the reporting period, and the Company's remainingamount of cash management investment that could be made with idle fund-raising funds and idle own fundsauthorized by the general meeting of shareholders was reduced. The decrease was mainly due to the decrease in theamount of cash management entrusted financial investment paid by the Company from the beginning to the end ofthe reporting period.
(5) The cash inflow from financing activities of the Company from the beginning to the end of the reporting periodamounted to RMB669.28 million million, representing a substantial increase compared with the same period of theprevious year, which was mainly attributable to the short-term liquidity financial loans and long-term project loansfrom commercial banks obtained by the Company in accordance with its dynamic capital demand plan and activelyexploring sound and diversified financing channels during the reporting period.
(6) Cash outflow from financing activities of the Company from the beginning to the end of the reporting periodamounted to RMB662.76 million, representing an increase of RMB263.23 million, or 65.89%, compared with thesame period of last year. This was mainly due to the combined effect of the repayment of maturing commercialbank loans by the Company from the beginning of the year to the end of the reporting period, the decrease in thedistribution of annual cash dividends to all shareholders as compared with the same period of the previous year,and the increase in the amount of the Company's own funds utilized to repurchase the Company's ordinary sharesby way of centralized competitive bidding in accordance with the resolution of the Board of Directors.
II. Shareholders information(i) Total Number of Ordinary Shareholders and the Number of Preferred ShareholdersWhose Voting Rights Have Been Restored and Shareholding of Top 10 Shareholders
Unit: shares
| Total number of ordinary shareholders at the end of the reporting period | 36,570 | Total number of preferred shareholders with voting rights restored at the end of the reporting period (if any) | ||||
| Shareholdings of the top 10 shareholders (excluding shares lent through conversion) | ||||||
| Name | Nature of shareholder | Shareholding proportion | Number of shares held | Number of shares subject to trading restriction | Pledged, marked or frozen shares | |
| Status of shares | Quantity | |||||
| Kunming Nuona Technology Co., Ltd. | Domestic non-state-owned corporation | 46.08% | 195,212,611 | |||
| Tianjin Sequoia Juye Equity Investment Partnership (Limited partnership) | Domestic non-state-owned corporation | 14.58% | 61,763,257 | |||
| Xiamen Zhenli Consulting Co., Ltd. | Domestic non-state-owned corporation | 6.54% | 27,685,934 | |||
| Hong Kong Securities Clearing Company Limited | Overseas Legal Entity | 3.01% | 12,729,726 | |||
| Yunnan Haqisheng Enterprise Management Co., Ltd. | Domestic non-state-owned corporation | 2.60% | 10,993,678 | |||
| Kuwait Investment Authority | Overseas legal persons | 1.25% | 5,285,437 | |||
| Xiamen Chonglou Yunshui Investment Partnership (Limited Partnership) | Domestic non-state-owned corporation | 1.09% | 4,614,770 | |||
| Industrial and Commercial Bank of China Limited Efund GEM Exchange traded Open Index Securities Investment Fund | Miscellaneous | 0.88% | 3,706,881 | |||
| National Social Security Fund 102 Portfolio | Miscellaneous | 0.66% | 2,816,813 | |||
| Industrial and Commercial Bank of China Limited - Huatai Berridge CSI 300 Traded Open-End Index Fund | Miscellaneous | 0.62% | 2,621,584 | |||
| Shareholdings of top 10 shareholders with unlimited sales conditions (excluding shares lent through conversion and shares locked up by executives) | ||||||
| Shareholder | Number of shares not subject to trading restriction as at the end of reporting period | Type and number of shares | ||||
| Type of shares | quantities | |||||
| Kunming Nuona Technology Co., Ltd. | 195,212,611 | RMB common shares | 195,212,611 |
| Tianjin Sequoia Juye Equity Investment Partnership (Limited Partnership) | 61,763,257 | RMB common shares | 61,763,257 |
| Xiamen Zhenli Consulting Co., Ltd. | 27,685,934 | RMB common shares | 27,685,934 |
| Hong Kong Securities Clearing Company Limited | 12,729,726 | RMB common shares | 12,729,726 |
| Yunnan Haqisheng Enterprise Management Co., Ltd. | 10,993,678 | RMB common shares | 10,993,678 |
| Government of Kuwait Investment Authority | 5,285,437 | RMB common shares | 5,285,437 |
| Xiamen Chonglou Yunshui Investment Partnership (Limited Partnership) | 4,614,770 | RMB common shares | 4,614,770 |
| Industrial and Commercial Bank of China Limited Efund GEM Exchange traded Open Index Securities Investment Fund | 3,706,881 | RMB common shares | 3,706,881 |
| National Social Security Fund 102 Portfolio | 2,816,813 | RMB common shares | 2,816,813 |
| Industrial and Commercial Bank of China Limited - Huatai Berridge CSI 300 Traded Open-End Index Fund | 2,621,584 | RMB common shares | 2,621,584 |
| Description on the related relationship or concerted action among the above shareholders | Kunming Nuona Technology Co., Ltd. and Yunnan Haqisheng Enterprise Management Co., Ltd. are both controlled by Guo Zhenyu and Kevin Guo (father and the actual controllers of Botanee . Except this, we do not know whether other shareholders have an association or a concerted action relationship. | ||
| Description of top 10 shareholders participating in securities margin trading (if any) | Not applicable. | ||
Shareholders holding more than 5% of shares, top 10 shareholders and top 10 shareholders with unlimited shares incirculation participating in the lending of shares in the transfer and financing business?Applicable □ Not applicable
Unit: shares
| Shareholders holding more than 5% of shares, top 10 shareholders and top 10 shareholders with unlimited shares in circulation participating in the lending of shares in the transfer and financing business | ||||
| Name of shareholder (full name) | General and credit account holdings at the beginning of the period | Shares lent on the opening transfer facility and not yet returned | General and credit account holdings at the end of the period | Shares lent on the transfer facility at the end of the period and not yet repatriated |
| Total number | Percentage of total share capital | Total number | Percentage of total share capital | Total number | Percentage of total share capital | Total number | Percentage of total share capital | |
| Industrial and Commercial Bank of China Limited - Efounda GEM Trading Open-End Index Fund | 1,507,481 | 0.36% | 466,500 | 0.11% | 3,706,881 | 0.88% | ||
| Industrial and Commercial Bank of China Limited - Huatai Berridge CSI 300 Traded Open-End Index Fund | 993,000 | 0.23% | 205,000 | 0.05% | 2,621,584 | 0.62% |
Top 10 shareholders and top 10 shareholders with unlimited shares outstanding change from the previous period dueto lending/return of convertible bonds
□ Applicable? Not applicable
(ii) Total number of preferred shareholders and shareholdings of the top 10 preferredshareholders of the Company
□ Applicable? Not applicable
(iii) Changes in restricted shares
?Applicable □ Not applicable
Unit: shares
| Name of Shareholder | Number of restricted shares at the beginning of the period | Number of shares released from lock-up during the period | Increase in the number of shares subject to selling restrictions during the period | Number of restricted shares at the end of the period | Reasons for trading restriction | Date of unlocking |
| Kunming Nuona Technology Co., Ltd. | 195,212,611 | 195,212,611 | Pre-IPO shares | March 25, 2024 | ||
| Yunnan Haqisheng Enterprise | 10,993,678 | 10,993,678 | Pre-IPO shares | March 25, 2024 |
| Management Co., Ltd. | ||||||
| Total | 206,206,289 | 206,206,289 |
iii. Other important matters? Applicable□Not applicableFor details, please refer to the following important announcement of significant matters disclosed on the ChinaSecurities Regulatory Information Net (http://www.cninfo.com.cn).
| Other important matters | Announcement disclosure date |
| Botanee: Board Resolution Announcement | August 28, 2024 |
Botanee: Announcement on the Election of an Independent Director
| Botanee: Announcement on the Election of an Independent Director | August 28, 2024 |
| Botanee: Resolution Announcement of the First Extraordinary General Meeting of Yunnan Botanee Biotechnology Group Co., Ltd. in 2024 | September 19, 2024 |
Botanee: Announcement on the Completion of Non-Transactional Transfer of the 2024 Employee StockOwnership Plan by Yunnan Botanee Biotechnology Group Co., Ltd.
| Botanee: Announcement on the Completion of Non-Transactional Transfer of the 2024 Employee Stock Ownership Plan by Yunnan Botanee Biotechnology Group Co., Ltd. | September 26, 2024 |
| Botanee: Announcement on the Completion of Industrial and Commercial Change Registration and the Issuance of a New Business License | September 30, 2024 |
IV. Quarterly financial statements(i) Financial statements
1. Consolidated balance sheet
Prepared by: Yunnan Botanee Bio-Technology Group Co., Ltd.
September 30, 2024
Currency: RMB
| Item | Ending balance | Opening balance |
| Current assets: | ||
| Cash and cash equivalents | 1,166,944,088.76 | 2,091,459,861.58 |
| Settlement reserves | ||
| Loans to banks and other financial institutions | ||
| Financial assets held for trading | 1,975,892,720.20 | 1,238,356,707.34 |
| Derivative financial asset | ||
| Notes receivable | 24,502,124.46 | |
| Accounts receivable | 772,141,683.77 | 561,761,929.57 |
| Receivables financing | 158,885,994.32 | 156,659,263.78 |
| Prepayments | 110,731,725.08 | 69,279,116.38 |
| Premiums receivable |
| Reinsurance premium receivable | ||
| Reserve for reinsurance contracts receivable | ||
| Other receivables | 38,777,891.11 | 29,748,433.09 |
| Including: interest receivable | ||
| Dividends receivable | ||
| Financial assets purchased under agreement store sell | ||
| Inventories | 907,260,378.94 | 904,413,283.67 |
| Including: d ata resources | ||
| Contract assets | ||
| Held for sale assets | ||
| Non-current assets due within one year | ||
| Other current assets | 434,864,396.83 | 446,396,252.76 |
| Total current assets | 5,565,498,879.01 | 5,522,576,972.63 |
| Non-current assets: | ||
| Disbursement of loans and advances to customers | ||
| Debt investment | ||
| Other debt investment | ||
| Long-term receivables | ||
| Long-term equity investment | 242,682,861.29 | 212,015,151.15 |
| Investment in other equity instruments | ||
| Other non-current financial assets | 91,257,166.53 | 86,449,823.00 |
| investment property | 11,283,316.10 | 9,021,481.56 |
| fixed assets | 668,651,442.61 | 667,204,436.83 |
| Projects under construction | 54,133,845.53 | 40,220,147.41 |
| Productive biological assets | ||
| oil and gas assets | ||
| Right of use assets | 186,949,433.90 | 100,712,614.93 |
| intangible asset | 266,963,888.68 | 193,108,638.64 |
| Including: data resources | ||
| development expenditure | ||
| Including: data resources | ||
| Goodwill | 413,740,760.61 | 413,740,760.61 |
| Long-term amortized expenses | 97,510,734.07 | 93,317,644.84 |
| Deferred tax assets | 148,445,896.80 | 93,131,250.45 |
| Other non-current assets | 57,324,945.28 | 75,431,420.74 |
| Total non-current assets | 2,238,944,291.40 | 1,984,353,370.16 |
| Total assets | 7,804,443,170.41 | 7,506,930,342.79 |
| Current liabilities: | ||
| short term loan | 245,980,003.46 | 103,816,588.60 |
| Borrowing from the Central Bank |
| Placements from banks and other financial institutions | ||
| Financial liabilities held for trading | ||
| Derivative financial liabilities | ||
| notes payable | 143,651,602.85 | 67,562,710.23 |
| accounts payable | 295,389,468.01 | 334,370,604.40 |
| Advances from customers | ||
| Contractual liabilities | 69,312,151.22 | 50,053,638.68 |
| Financial assets sold under agreements to repurchase | ||
| Customer bank deposits and due to banks and other financial institutions | ||
| Customer brokerage deposits | ||
| Securities underwriting broker age deposits | ||
| Employee remuneration payable | 145,836,510.23 | 106,452,763.55 |
| Taxes payable | 114,885,251.36 | 132,117,765.46 |
| Other accounts payable | 105,649,402.21 | 449,282,195.16 |
| Including: Interest payable | ||
| dividend payable | 4,305.04 | |
| Handling charges and commission payable | ||
| Reinsurance premium payable | ||
| Held for sale liabilities | ||
| Non-current liabilities due within one year | 72,092,918.09 | 42,102,294.00 |
| Other current liabilities | 17,059,866.66 | 5,455,465.77 |
| Total current liabilities | 1,209,857,174.09 | 1,291,214,025.85 |
| Non-current liabilities: | ||
| Insurance contract reserves | ||
| Long term borrowings 857,142.85 | 321,300,000.00 | 4,700,000.00 |
| Bonds payable | ||
| Including: Preferred shares | ||
| perpetual bond | ||
| Lease liabilities | 112,675,673.64 | 63,283,532.61 |
| Long term payables | 8,600,000.00 | 8,600,000.00 |
| Long term employee benefits payable | ||
| Estimated liabilities | ||
| Deferred income | 56,067,010.53 | 82,862,738.40 |
| Deferred income tax liabilities | 48,997,344.70 | 40,452,457.50 |
| Other non-current liabilities | ||
| Total non-current liabilities | 547,640,028.87 | 199,898,728.51 |
| Total liabilities | 1,757,497,202.96 | 1,491,112,754.36 |
| Owners equity: | ||
| Share capital | 423,600,000.00 | 423,600,000.00 |
| Other equity instruments |
| Including: Preferred shares | ||
| perpetual bond | ||
| Capital reserves | 2,849,688,505.04 | 2,846,004,685.04 |
| Less: Treasury stock | 234,717,526.96 | 109,838,205.82 |
| Other comprehensive income | 1,754,310.38 | 47,153.49 |
| Special reserves | ||
| Surplus reserve | 211,081,299.10 | 211,081,299.10 |
| General risk provision | ||
| Undistributed profit | 2,652,501,001.37 | 2,490,099,439.21 |
| Total owner equity attributable to the parent company | 5,903,907,588.93 | 5,860,994,371.02 |
| Minority interest | 143,038,378.52 | 154,823,217.41 |
| Total owners' equity | 6,046,945,967.45 | 6,015,817,588.43 |
| Total liabilities and owners' equity | 7,804,443,170.41 | 7,506,930,342.79 |
Legal representative: GUO ZHENYU (Guo Zhenyu) Responsible for accounting work: Wang Long Head of
accounting organization: Liu Zhaofeng
2. Consolidated statement of income from the beginning of the year to the end of the reportingperiod
Currency: RMB
| Item | Amount incurred in current period | Amount incurred in previous period |
| I. Gross operating income | 4,017,760,019.31 | 3,431,483,300.01 |
| Including: Operating income | 4,017,760,019.31 | 3,431,483,300.01 |
| Interest income | ||
| Premiums earned | ||
| Fee and commission income | ||
| II. Total operating costs | 3,633,039,744.40 | 2,858,745,120.50 |
| Including: Operating costs | 1,055,538,266.19 | 809,234,537.42 |
| interest expense | ||
| Handling fee and commission expenses | ||
| surrender charge | ||
| Net payments for insurance claims | ||
| Net provision for insurance contract reserves | ||
| Policy dividend expenses | ||
| Reinsurance expenses | ||
| Taxes and surcharges | 30,900,651.60 | 35,221,136.14 |
| Selling expenses | 2,009,988,137.89 | 1,604,575,219.78 |
| Management expenses | 339,559,239.61 | 244,208,517.61 |
| R&D expenses | 199,746,862.93 | 181,945,576.42 |
| financial expenses | -2,693,413.82 | -16,439,866.87 |
| Including: Interest expense | 12,018,475.64 | 3,783,482.38 |
| Interest income | -16,278,220.04 | -21,048,656.14 |
| Add: Other gains | 53,557,665.37 | 72,269,211.02 |
| Investment income (losses are recognized with a "-" sign) | 46,065,428.13 | 43,954,011.19 |
| Including: income from investment in associates and joint ventures | 6,067,734.46 | 2,575,671.82 |
| Revenue from de-recognition of financial assets at amortized cost | 11,037,059.92 | 22,253,486.49 |
| Exchange earnings (losses are marked with "-") | ||
| Net exposure hedging income (losses are marked with "-") | ||
| Profit arising from changes in fair value (losses are marked with "-") | 17,367,189.05 | -24,026,395.24 |
| Credit impairment losses (losses are marked with "-") | -16,776,630.99 | -18,828,711.66 |
| Impairment losses on assets (losses are marked with "-") | -10,032,226.21 | -10,373,286.18 |
| Incomes of assets disposal (losses are marked with "-") | -1,127,052.38 | 690,013.19 |
| III. Operating profit (loss is shown with a "-" sign) | 473,774,647.88 | 636,423,021.83 |
| Add: Non-operating income | 1,867,133.23 | 597,381.99 |
| Less: Non-operating expenses | 12,385,601.16 | 8,153,423.12 |
| IV. Total profit (losses are marked with “-”) | 463,256,179.95 | 628,866,980.70 |
| Less: Income tax expense | 58,740,038.04 | 63,784,534.19 |
| V. Net profit (net loss is marked with “-”) | 404,516,141.91 | 565,082,446.51 |
| (i) Classified by going concern | ||
| 1. Net profit from continuing operations (net losses are marked with “-”) | 404,516,141.91 | 565,082,446.51 |
| 2. Net profit from discontinued operations (net losses are marked with “-”) | ||
| (ii) Classified by attribution of ownership | ||
| 1. Net profit attributable to shareholders of the parent company (losses are marked with “-”) | 414,768,732.22 | 579,190,052.04 |
| 2. Minority shareholders' gains and losses (net losses are shown with a "-" sign) | -10,252,590.31 | -14,107,605.53 |
| VI. Net of tax of other comprehensive income | 1,707,156.89 | |
| Other net after tax comprehensive income attributable to the owners of the parent company | 1,707,156.89 | |
| (i) Other comprehensive income not reclassifiable to profit or loss | ||
| 1. Changes arising from re measurement of the defined benefit plan | ||
| 2. Other comprehensive incomes that cannot be reclassified into profit or loss under the equity method | ||
| 3. Changes in fair value of other equity instrument investments | ||
| 4. 4. Changes in fair value of the Company’s credit risk | ||
| 5. Other | ||
| (ii) (II) Other comprehensive income to be reclassified into profit or loss | 1,707,156.89 |
| 1. Other comprehensive income that can be reclassified into profit or loss under the equity method | ||
| 2. Changes in fair value of other creditor's rights investments | ||
| 3. Amount of financial assets reclassified into other comprehensive incomes | ||
| 4. Provision for impairment of credit in other debt investments | ||
| 5. Reserves for cash flow hedge | ||
| 6. Translation difference arising from foreign currency financial statements | 1,707,156.89 | |
| 7. Other | ||
| Other net after tax comprehensive income attributable to minority shareholders | ||
| VII. Total comprehensive income | 406,223,298.80 | 565,082,446.51 |
| (i) Total comprehensive income attributable to owners of the parent company | 416,475,889.11 | 579,190,052.04 |
| (ii) Total comprehensive income attributable to minority shareholders | -10,252,590.31 | -14,107,605.53 |
| VIII. Earnings per share: | ||
| (i) Basic earnings per share | 0.99 | 1.37 |
| (ii) Diluted earnings per share | 0.98 | 1.36 |
If a business combination under the same control occurred during the current period, the net profit realized by theparty to be combined before the combination was: RMB0.00, and the net profit realized by the party to be combinedduring the previous period was: RMB0.00.Legal representative: GUO ZHENYU (Guo Zhenyu) Responsible for accounting work: Wang Long Head ofaccounting organization: Liu Zhaofeng
3. Consolidated statement of cash flows from the beginning of the year to the end of thereporting period
Currency: RMB
| Item | Current period's incidence | Prior period's incidence |
| i. Cash flows from operating activities: | ||
| Cash received from sales of goods and services | 4,150,344,725.28 | 3,573,436,910.68 |
| Net increase in customer deposits and interbank deposits | ||
| Net increase in borrowing from central banks | ||
| Net increase in remittances to other financial institutions | ||
| Cash received from premiums for original insurance contracts | ||
| Net cash received from reinsurance operations | ||
| Net increase in policyholder deposits and investments | ||
| Cash received for interest, fees and commissions | ||
| Net increase in inward remittances | ||
| Net increase in funding of repurchase operations | ||
| Net cash received from agency trading of securities | ||
| Tax refunds received | 1,630,856.89 |
| Other cash received in connection with operating activities | 51,973,396.60 | 149,173,300.73 |
| Subtotal cash inflow from operating activities | 4,202,318,121.88 | 3,724,241,068.30 |
| Cash paid for goods and services | 1,005,373,762.95 | 1,053,969,466.72 |
| Net increase in loans and advances to customers | ||
| Net increase in deposits with central banks and interbanks | ||
| Cash payments for original insurance contract claims | ||
| Net increase in funds disbursed | ||
| Cash paid for interest, fees and commissions | ||
| Cash to pay policy dividends | ||
| Cash paid to and for employees | 604,362,717.49 | 509,119,848.43 |
| Taxes paid | 326,027,800.23 | 359,500,880.23 |
| Payments of other cash related to operating activities | 2,260,123,822.90 | 1,677,185,343.89 |
| Subtotal cash outflows from operating activities | 4,195,888,103.57 | 3,599,775,539.27 |
| Net cash flows from operating activities | 6,430,018.31 | 124,465,529.03 |
| II. Cash flows from investing activities: | ||
| Cash received from recovery of investments | 3,016,000,000.00 | 3,837,117,111.10 |
| Cash received from investment income | 42,100,345.36 | 49,977,252.83 |
| Net cash recovered from disposal of fixed assets, intangible assets and other long-term assets | 1,232,570.96 | 3,028,596.00 |
| Net cash received from disposal of subsidiaries and other operating units | ||
| Other cash received related to investing activities | ||
| Subtotal cash inflows from investing activities | 3,059,332,916.32 | 3,890,122,959.93 |
| Cash paid for acquisition of fixed assets, intangible assets and other long-term assets | 256,370,321.69 | 155,177,265.42 |
| Cash paid for investments | 3,825,588,755.51 | 4,270,949,388.23 |
| Net increase in pledged loans | ||
| Net cash paid for acquisition of subsidiaries and other operating units | 4,002,084.65 | |
| Payments of other cash related to investing activities | ||
| Subtotal cash outflows from investing activities | 4,081,959,077.20 | 4,430,128,738.30 |
| Net cash flows from investing activities | -1,022,626,160.88 | -540,005,778.37 |
| III. Cash flows from financing activities: | ||
| Cash received from absorption of investments | 40.45 | 7,500,000.00 |
| Including: Cash received by subsidiaries from minority investments | 40.45 | 7,500,000.00 |
| Cash received from acquisition of loans | 669,280,003.46 | |
| Other cash received related to financing activities | ||
| Subtotal cash inflow from financing activities | 669,280,043.91 | 7,500,000.00 |
| Cash paid for debt service | 210,500,000.00 | |
| Cash paid for distribution of dividends, profits or interest payments | 260,571,328.55 | 340,681,873.24 |
| Including: Dividends and profits paid by subsidiaries to minority shareholders | 1,524,590.73 | 1,801,873.24 |
| Payments of other cash related to financing activities | 191,683,852.25 | 58,844,798.71 |
| Subtotal cash outflows from financing activities | 662,755,180.80 | 399,526,671.95 |
| Net cash flows from financing activities | 6,524,863.11 | -392,026,671.95 |
| IV. Impact of exchange rate changes on cash and cash equivalents | 1,267,109.90 | 5,023.00 |
| V. Net increase in cash and cash equivalents | -1,008,404,169.56 | -807,561,898.29 |
| Add: Cash and cash equivalents balance at beginning of period | 2,073,592,890.89 | 2,440,692,701.42 |
| VI. Cash and cash equivalents balance at end of period | 1,065,188,721.33 | 1,633,130,803.13 |
Legal representative: GUO ZHENYU (Guo Zhenyu) Responsible for accounting work: Wang Long Head of
accounting organization: Liu Zhaofeng(ii) Adjustments to financial statements at the beginning of the year of first implementation ofnew accounting standards for the first time starting from 2024
□ Applicable? Not applicable
(iii) Audit reportsWhether the third quarterly report was audited
□ Yes? No
The company's third quarter report is unaudited.
Board of Directors of Yunnan Botanee Bio Technology Group Co., Ltd.
October 23, 2024