*ST天山(300313) - 2024 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2024 reached ¥58,991,542.35, representing a 19.82% increase year-over-year[2] - The net profit attributable to shareholders was -¥13,791,515.45, a significant decline of 13,960.55% compared to the same period last year[2] - Operating income for the year-to-date period was ¥106,287,698.79, an increase of 11.23% driven by new fresh meat sales[5] - Total operating revenue for Q3 2024 reached CNY 106,287,698.79, an increase of 11.1% compared to CNY 95,556,468.24 in the same period last year[29] - Net loss for Q3 2024 was CNY -40,929,503.15, compared to a net loss of CNY -12,905,285.94 in Q3 2023, reflecting a significant decline in profitability[30] - The net profit attributable to shareholders of the parent company was CNY -41,630,442.04, compared to CNY -13,037,513.23 in the previous year, indicating a worsening financial position[30] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥3,794,254.51, showing a 123.83% increase year-over-year[2] - Cash inflow from operating activities increased by 26.06% to ¥113,010,504.87, attributed to new fresh meat sales[6] - Operating cash inflow for the current period reached ¥113,010,504.87, an increase of 26.0% compared to ¥89,646,297.27 in the previous period[31] - Net cash flow from operating activities was ¥3,794,254.51, a significant improvement from a net outflow of ¥15,921,844.76 in the same period last year[32] - Cash inflow from financing activities totaled ¥123,400,000.00, down from ¥138,890,000.00 in the previous period[32] - Net cash flow from financing activities was -¥6,901,399.34, an improvement from -¥15,011,817.09 in the same period last year[32] Assets and Liabilities - Total assets at the end of the reporting period were ¥274,535,551.31, down 12.91% from the previous year-end[2] - The company's total assets decreased to CNY 274,535,551.31 from CNY 315,229,860.70, indicating a reduction of approximately 12.9%[28] - Total liabilities slightly decreased to CNY 242,704,485.51 from CNY 243,236,762.62, a reduction of about 0.2%[28] - The equity attributable to shareholders of the parent company fell to CNY 20,538,193.99 from CNY 62,168,636.03, a decline of approximately 67.0%[28] Shareholder Information - Huzhou Haohui holds 69,211,312 shares, accounting for 22.11% of the total shares[12] - Chen Dehong holds 37,279,083 shares, representing 11.91% of the total shares, with 36,509,768 shares pledged[16] - Huzhou Haohui has pledged 15,350,000 shares, which is 22.18% of its holdings and 4.90% of the total shares[15] - The company is facing potential impacts from the bankruptcy petition of its controlling shareholder, Huzhou Haohui, which may affect the equity structure[12] - Chen Dehong's shares have been frozen completely, totaling 37,279,083 shares, which is 100% of his holdings[16] - The company is in the process of recovering shares from Chen Dehong and other shareholders due to a court ruling related to fraud[14] - The company has not identified any related party relationships among the top shareholders, except for those involving Huaron Asset Management[10] - The company’s major shareholders have been involved in various legal proceedings, including pledges and freezes of their shares[16] - The company has not reported any changes in the participation of major shareholders in margin trading activities[10] - The company is committed to maintaining operational independence from its controlling shareholder despite the bankruptcy proceedings[12] Operational Changes - The company's inventory decreased by 50.06% to ¥36,187,711.73, primarily due to a reduction in the scale of fattening cattle operations[4] - The total amount of short-term loans decreased by 30.64% to ¥57,601,758.06, as the company shifted to long-term financing[4] - The company established a joint venture, Guangdong Tiansheng Agricultural Technology Co., Ltd., to enhance its operational capabilities and expand its market presence in the Greater Bay Area[23] - The company plans to reduce the registered capital of its breeding subsidiary from ¥30,250,000 to ¥21,750,000, increasing its ownership stake from 66.94% to 93.10%[24] Impairment and Legal Issues - The company reported a 115.07% increase in asset impairment losses, totaling -¥8,771,410.59, mainly due to the impairment of consumable biological assets[5] - The company has reported a potential impairment of agricultural development land due to changes in water resource management, with a provision of ¥28,690,000 recognized[21] - The company is currently involved in legal proceedings regarding the execution of pledged shares held by a major shareholder, with ongoing hearings scheduled[19] - The company is facing uncertainty regarding future planting areas due to government water distribution policies, which may impact agricultural operations[21] Cash and Receivables - As of the end of the reporting period, the company's cash and cash equivalents decreased to ¥14,044,848.48 from ¥16,734,875.94, representing a decline of approximately 16.1%[26] - Accounts receivable increased significantly to ¥19,551,517.77 from ¥11,882,107.99, marking an increase of about 64.5%[26] - The company's long-term equity investments rose to ¥14,278,402.75 from ¥11,614,136.17, reflecting an increase of about 22.9%[26] - The total current assets decreased to ¥75,899,477.35 from ¥111,060,476.88, a decline of approximately 31.7%[26] Employee Compensation - Cash outflow for employee compensation increased to ¥18,004,275.52, up 29.6% from ¥13,937,015.79 in the previous year[32] Audit Status - The company has not undergone an audit for the third quarter report[32]