鹏都农牧(002505) - 2023 Q3 - 季度财报

Financial Performance - The company's operating revenue for the third quarter was ¥4,019,954,938.70, a decrease of 19.54% compared to the same period last year[8]. - The net profit attributable to shareholders was -¥158,398,721.01, representing a decline of 714.60% year-on-year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥141,119,763.65, down 1,623.64% from the previous year[8]. - The company's total revenue for the current period was ¥13,730,204,780.84, a decrease of approximately 13.7% compared to ¥15,914,551,120.73 in the previous period[48]. - The company reported a net loss of ¥918,829,374.66 for the current period, compared to a loss of ¥565,762,441.72 in the previous period, indicating a worsening of approximately 62.5%[48]. - The company reported a net profit of -408,825,482.23, compared to a net profit of 96,356,725.56 in the previous period, indicating a significant decline[49]. - Total operating profit was -355,807,220.43, a decrease from 136,880,195.94 in the previous period[49]. - The total comprehensive income attributable to the parent company's owners was -316,078,501.68, compared to 130,207,479.90 in the previous period[50]. Assets and Liabilities - The total assets at the end of the reporting period were ¥17,633,788,645.03, an increase of 7.23% compared to the end of the previous year[8]. - Total liabilities reached ¥11,846,793,174.63, up from ¥10,428,327,137.09, indicating an increase of about 13.6%[48]. - The company's total liabilities decreased by 28.03% for current liabilities due to the reclassification of long-term loans[11]. - Non-current liabilities increased to ¥3,289,123,700.93 from ¥2,736,641,030.92, which is an increase of about 20.1%[48]. - The company's equity attributable to shareholders decreased to ¥4,954,144,557.00 from ¥5,270,223,058.66, a decline of approximately 6%[48]. Cash Flow - The cash flow from operating activities for the year-to-date was ¥120,815,742.78, a decrease of 89.40% year-on-year[13]. - The net cash flow from financing activities was -¥755,712,108.28, a decline of 62.39% compared to the previous year, mainly due to debt repayments[13]. - The company reported a net decrease in cash and cash equivalents of -¥696,853,757.36, a decline of 212.44% year-on-year[13]. - The cash and cash equivalents decreased to ¥1,163,071,303.81 from ¥1,831,631,027.06, representing a decline of approximately 36.5%[46]. - The company’s total cash and cash equivalents decreased by 696,853,757.36, contrasting with an increase of 619,767,299.18 in the previous period[52]. Expenses - The company experienced a 42.29% increase in selling expenses, primarily due to increased local freight costs in Brazil[11]. - The company’s financial expenses rose to 368,478,565.35 from 211,459,893.84, marking an increase of approximately 74.3%[49]. - The company’s sales expenses increased to 659,049,120.81 from 463,163,634.09, representing a growth of about 42.3%[49]. - Research and development expenses increased to 9,012,994.95 from 7,721,309.17, reflecting a growth of approximately 16.7%[49]. Accounts and Inventory - Accounts receivable increased by CNY 870,708,819.82, up 28.54% from CNY 3,050,408,785.63, mainly due to increased sales of grain and agricultural inputs by the Brazilian subsidiary[29]. - Inventory rose by CNY 769,077,893.69, a 31.79% increase from CNY 2,419,173,161.83, primarily due to higher stock levels of soybeans and other grains[29]. - The company reported a significant increase in derivative financial assets, which rose by CNY 147,021,359.61, or 28.98%, attributed to increased grain price volatility affecting the Brazilian subsidiary[29]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 125,812[33]. - The largest shareholder, Shanghai Pengxin Agricultural Investment (Group) Co., Ltd., holds 15.90% of the shares, totaling 1,013,818,694 shares[33]. Future Outlook - The company plans to continue expanding its market presence and developing new products, particularly in the agricultural sector, to enhance revenue streams[30].