农发种业(600313) - 2017 Q3 - 季度财报

Financial Performance - Operating revenue for the first nine months was CNY 2,344,754,806.19, down 18.86% year-on-year [6]. - Net profit attributable to shareholders was a loss of CNY 43,393,010.63, representing a decline of 375.61% compared to the same period last year [6]. - Basic and diluted earnings per share were both CNY -0.0401, a decrease of 376.55% year-on-year [6]. - Total operating revenue for Q3 2017 was ¥472,732,227.57, a decrease of 26.6% compared to ¥644,734,454.89 in Q3 2016 [35]. - Net loss for Q3 2017 reached ¥35,764,346.00, compared to a net profit of ¥14,649,170.55 in Q3 2016 [36]. - The net profit for the first three quarters of 2017 was a loss of CNY 6,944,719.45, worsening from a loss of CNY 627,934.73 in the previous year [39]. Cash Flow - The net cash flow from operating activities was CNY -96,932,925.20, a decline of 233.02% compared to the previous year [6]. - Cash flow from operating activities showed a net outflow of CNY 96,932,925.20, compared to a net inflow of CNY 72,868,553.32 in the same period last year [43]. - The company reported a total cash inflow from operating activities of CNY 2,732,686,721.97, down from CNY 3,475,264,147.13 in the previous year [43]. - The total cash outflow from operating activities was $48,300,441.38, which is higher than the previous period's outflow of $37,375,616.95, indicating increased operational costs [46]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,065,658,713.30, a decrease of 1.36% compared to the end of the previous year [6]. - The company's total liabilities amounted to ¥123,833,238.50, an increase of 46.3% from ¥84,599,003.52 in the previous year [35]. - The total liabilities of the company were CNY 1,615,541,659.15, up from CNY 1,558,877,380.14, marking an increase of approximately 3.5% [27]. - The company's equity attributable to shareholders decreased from CNY 1,708,130,883.44 to CNY 1,631,437,972.89, a decline of about 4.5% [27]. Investments - The company reported non-operating income of CNY 3,507,544.94 from government subsidies related to normal business operations [8]. - Investment income increased by 28.11% to ¥7,714,724.90, driven by higher returns from principal-protected financial products [14]. - The company recorded investment income of CNY 14,010,786.07 for the first three quarters, slightly down from CNY 14,692,620.97 in the previous year [38]. - The company paid $736,000,000.00 for investments, which is a decrease from $944,000,000.00 in the prior period, suggesting a more cautious investment strategy [46]. Shareholder Information - The total number of shareholders at the end of the reporting period was 45,904 [9]. - The largest shareholder, China Agricultural Reclamation Group, held 23.12% of the shares [9]. Other Financial Metrics - The weighted average return on net assets decreased by 3.51 percentage points to -2.60% [6]. - The company's cash and cash equivalents decreased by 35.40% from the beginning of the year, totaling ¥590,486,749.96 due to increased financial investments [12]. - The company's inventory increased significantly from CNY 353,240,314.37 to CNY 455,543,655.78, indicating a rise of approximately 29% [25][26]. - The company's long-term borrowings surged by 416.67% to ¥62,000,000.00, reflecting increased loans from Hubei Seed Bank [12].