XTAD(SH:600359)2014-10-30 16:00Financial Performance - Operating revenue for the first nine months was CNY 381,056,547.28, a decline of 29.46% year-on-year[11] - Net profit attributable to shareholders was CNY -35,219,653.59, representing a decrease of 847.04% compared to the same period last year[11] - Basic earnings per share were CNY -0.11, down 1,200% from CNY 0.01 in the same period last year[11] - Diluted earnings per share were also CNY -0.11, reflecting the same decline as basic earnings per share[11] - The net profit after deducting non-recurring gains and losses was CNY -37,467,064.79, indicating a substantial decrease compared to CNY 1,468,789.62 in the previous year[11] - The weighted average return on net assets decreased by 9.00 percentage points to -9.00%[11] - Total operating revenue for the period (July-September) was ¥90,831,576.43, a decrease of 56.6% compared to ¥209,403,510.53 in the same period last year[39] - Net profit for the period was -¥46,478,643.04, compared to a net loss of -¥10,358,263.55 in the same period last year[42] - The total profit for the period was -¥46,478,643.04, a decline from -¥8,756,394.31 in the same period last year[42] Cash Flow - The net cash flow from operating activities was CNY -89,572,826.61, a significant decline of 1,049.01% year-on-year[11] - Cash flow from operating activities for the first nine months was -¥89,572,826.61, a significant decline from -¥7,795,665.47 in the previous year[46] - Cash flow from operating activities showed a significant decrease in cash inflow, totaling ¥3,898,967.06 compared to ¥117,534,592.27 last year[48] - The company reported a significant decrease in cash and cash equivalents, with a net decrease of -¥225,844,606.11 during the period[47] Assets and Liabilities - Total assets decreased by 8.31% to CNY 1,753,029,878.85 compared to the end of the previous year[11] - Current assets decreased from CNY 1,004,442,864.49 to CNY 829,915,333.56, a reduction of about 17.4%[34] - The company's total liabilities decreased from CNY 1,610,879,145.77 to CNY 1,506,311,240.01, a decline of about 6.5%[34] - The company's equity attributable to shareholders decreased from CNY 409,008,970.30 to CNY 373,789,316.71, a decrease of approximately 8.5%[34] - Cash and cash equivalents decreased by 75.82% from the previous year, amounting to 72,012,290.32 RMB[21] Shareholder Information - Total number of shareholders reached 46,945[17] - The largest shareholder, Aral Tongzhong State-owned Assets Management Co., Ltd., holds 49.80% of shares, totaling 159,864,300 shares[17] Investments and Acquisitions - The company completed the acquisition of 95.15% equity in Xinjiang Tarim River Seed Industry Co., Ltd. for a total consideration of CNY 124,004,700[8] - The company committed to ensuring independence post-acquisition, maintaining asset, business, personnel, and financial independence[28] Future Plans and Strategies - The company plans to enhance production capacity through the renovation of production lines in the dairy sector[22] - The company plans to distribute profits primarily through cash dividends, with a minimum cash distribution ratio of 10% of the distributable profits for each fiscal year[28] - The company aims for cumulative cash dividends over the last three years to be no less than 30% of the average annual distributable profits[28] Accounting and Standards - The adjustment of long-term equity investment accounting standards resulted in a decrease of RMB 15,057,077.87 in long-term equity investments and a corresponding increase in available-for-sale financial assets[30] - The implementation of new accounting standards will not impact the company's operating results or cash flow for the current period[29]