敦煌种业(600354) - 2015 Q3 - 季度财报

Financial Performance - Operating income increased by 12.94% to CNY 510,472,070.25 compared to the same period last year[9] - Net profit attributable to shareholders was CNY -135,487,747.69, an improvement from CNY -174,100,118.23 in the previous year[9] - The weighted average return on net assets was -22.32%, compared to -19.09% in the previous year[9] - Total operating revenue for Q3 was approximately ¥190.23 million, a 56% increase from ¥121.94 million in the same period last year[33] - Total operating costs for Q3 were approximately ¥223.56 million, up 24% from ¥180.03 million year-over-year[33] - Operating profit for Q3 was a loss of approximately ¥31.20 million, an improvement from a loss of ¥55.59 million in the same period last year[34] - Net profit for Q3 was a loss of approximately ¥31.18 million, compared to a loss of ¥52.06 million in the same period last year[34] - Year-to-date operating revenue reached approximately ¥510.47 million, a 13% increase from ¥451.99 million in the same period last year[33] - Year-to-date net profit was a loss of approximately ¥160.84 million, compared to a loss of ¥191.04 million in the same period last year[34] - The total comprehensive loss for Q3 2015 was -31,159,993.93 RMB, compared to -27,303,530.74 RMB in the previous year, indicating a worsening financial position[39] Asset and Liability Changes - Total assets decreased by 18.94% to CNY 2,988,064,832.22 compared to the end of the previous year[9] - The company's total liabilities decreased from CNY 2,415,046,626.17 to CNY 1,936,528,074.02, reflecting a decline of approximately 20%[26] - Current liabilities decreased from CNY 2,403,676,301.84 to CNY 1,606,298,799.70, a reduction of about 33%[25] - The company's total equity decreased from CNY 1,271,178,994.87 to CNY 1,051,536,758.20, a reduction of about 17%[26] - Long-term liabilities increased from CNY 135,653,333.33 to CNY 452,968,083.32, an increase of approximately 233%[30] - The total liabilities and equity decreased from CNY 3,686,225,621.04 to CNY 2,988,064,832.22, reflecting a decline of about 19%[25] Cash Flow Analysis - Net cash flow from operating activities decreased by 90.02% to CNY 16,844,095.31 compared to the same period last year[9] - The net cash flow from operating activities decreased by CNY 151,942,964.64, primarily due to a reduction in accounts receivable and a decline in advance payments[17] - Operating cash flow for the first nine months of 2015 was 16,844,095.31 RMB, a significant decrease of 90% from 168,787,059.95 RMB in the previous year[42] - Total cash inflow from investment activities was $73.95 million, down 50.5% from $149.32 million year-over-year[46] - Net cash flow from investment activities was $1.15 million, a sharp decrease from $96.96 million in the same period last year[46] - Cash inflow from financing activities totaled $958.30 million, an increase of 41.5% compared to $677.70 million in the previous year[46] - Net cash flow from financing activities was $46.36 million, recovering from a negative $194.20 million in the same period last year[46] Shareholder Information - The number of shareholders reached 57,324 at the end of the reporting period[11] - The largest shareholder, Jiuquan Modern Agriculture Group, holds 15.22% of the shares[11] Investment and Other Income - The company’s investment income increased by CNY 5,426,716.46, mainly due to the sale of equity in Donghai Securities[16] - The company reported investment income of 3,242,452.04 RMB for Q3 2015, a significant increase from 988,848.44 RMB in the same period last year[38] Changes in Assets - The company’s total current assets decreased from CNY 2,610,795,998.34 to CNY 1,964,634,000.45, reflecting a significant reduction in cash and inventory[24] - Cash and cash equivalents decreased from CNY 298,749,720.59 to CNY 220,496,693.94, a drop of around 26%[28] - Accounts receivable increased from CNY 125,510,764.93 to CNY 140,481,454.03, an increase of about 12%[28] - Inventory decreased significantly from CNY 290,975,240.94 to CNY 176,235,255.28, a decline of approximately 39%[29] - The company’s fixed assets decreased from CNY 734,804,426.93 to CNY 681,769,823.29, indicating a reduction in long-term investments[24] Expenses Overview - Sales expenses for Q3 were approximately ¥19.90 million, down 31% from ¥29.09 million year-over-year[33] - Management expenses for Q3 were approximately ¥34.75 million, slightly down from ¥36.96 million in the same period last year[33] - Financial expenses for Q3 were approximately ¥17.33 million, an increase from ¥15.94 million year-over-year[33] - Cash paid for purchasing goods and services was $139.99 million, an increase from $132.17 million in the previous year[45] - Cash paid to employees increased to $31.19 million from $26.16 million year-over-year[45] - Cash paid for taxes decreased significantly to $3.32 million from $9.83 million in the previous year[45]