敦煌种业(600354) - 2016 Q3 - 季度财报

Financial Performance - Operating revenue for the first nine months dropped by 57.95% to CNY 214,641,600.45 compared to the same period last year[7]. - Net profit attributable to shareholders of the listed company was CNY -176,336,366.35, showing a significant loss compared to CNY -135,487,747.69 in the previous year[7]. - Total operating revenue for the first nine months of 2016 was CNY 214,641,600.45, a decrease of 58.1% compared to CNY 510,472,070.25 in the same period last year[28]. - Net loss attributable to shareholders for the first nine months of 2016 was CNY 176,336,366.35, compared to a loss of CNY 135,487,747.69 in the same period last year[30]. - The company reported a net profit margin of -112,053,140.43 for Q3 2016, compared to -31,184,253.02 in Q3 2015[30]. - The net profit for the first nine months of 2016 was a loss of ¥107,803,118.57, compared to a loss of ¥27,404,610.46 in the same period last year, representing a significant increase in losses[34]. Assets and Liabilities - Total assets decreased by 19.32% to CNY 2,845,780,012.21 compared to the end of the previous year[7]. - The company's current assets totaled CNY 1,747,057,353.98, down from CNY 2,308,467,245.49 at the beginning of the year, indicating a reduction of about 24.3%[22]. - The total liabilities decreased to CNY 1,379,753,385.52 from CNY 1,816,978,663.71, representing a decline of approximately 24.2%[23]. - The company's total equity decreased to CNY 1,466,026,626.69 from CNY 1,710,381,861.38, a decline of approximately 14.3%[24]. - Accounts receivable dropped by 55.43% to ¥128,849,302.99 as a result of recovering payments and provisions for bad debts[15]. - The company's cash and cash equivalents decreased by 29.27% to ¥802,545,896.56 due to payments for last year's seed production and corporate income tax[14]. Cash Flow - Cash flow from operating activities showed a net outflow of CNY -360,643,361.27 for the first nine months[7]. - The cash flow from operating activities for the first nine months of 2016 was a net outflow of ¥360,643,361.27, compared to a net inflow of ¥16,844,095.31 in the same period last year[37]. - Cash inflow from investment activities totaled $260.97 million, significantly up from $73.95 million in the previous year, marking an increase of 253.5%[41]. - Net cash flow from operating activities was -$107.39 million, an improvement from -$121.56 million year-over-year[40]. - The ending cash and cash equivalents balance stood at $459.03 million, up from $216.48 million year-over-year, reflecting a significant increase of 111.2%[41]. Shareholder Information - The number of shareholders reached 44,003 at the end of the reporting period[11]. - The largest shareholder, Jiuquan Modern Agriculture (Holding Group) Co., Ltd., holds 12.92% of the shares[11]. Expenses - Operating costs decreased by 54.74% to ¥187,189,566.21, reflecting the decline in revenue[15]. - The company incurred asset impairment losses of CNY 111,665,260.73 for the first nine months of 2016, compared to CNY 16,405,148.50 in the same period last year[29]. - Management expenses increased to CNY 122,748,343.19 in the first nine months of 2016, up from CNY 115,814,335.11 year-on-year[29]. - Sales expenses for the first nine months of 2016 were CNY 63,747,863.34, a decrease of 10.5% from CNY 71,385,016.31 in the previous year[29]. Investment Income - Investment income increased by 346.31% to ¥24,824,012.61, attributed to fixed income and dividends from Tianjin Kunlun Tian Chuang equity investments[15]. - The company reported a non-recurring gain of CNY 10,459,517.89 from financial assets[8]. - The investment income for the first nine months of 2016 was ¥14,505,414.24, a decrease of 78.4% from ¥67,132,429.73 in the same period last year[33].