北大荒(600598) - 2017 Q3 - 季度财报

Important Notice Key statements regarding report accuracy and audit status - The company's board of directors, majority of supervisors, and senior management guarantee the report's truthfulness, accuracy, and completeness, though two supervisors could not express a clear opinion due to unknown details of a legal case involving company acquisition payments[6] - This company's Q3 2017 report is unaudited[6] Company Profile Overview of the company's fundamental information, including key financial data and shareholder structure Major Financial Data During the reporting period (Q1-Q3 2017), the company's operating revenue and net profit attributable to shareholders both slightly declined, while net cash flow from operating activities significantly decreased due to reduced advance land contract fees Key Financial Data for Q1-Q3 2017 | Indicator | Jan-Sep 2017 (CNY) | Jan-Sep 2016 (CNY) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue (CNY) | 2,240,854,681.51 | 2,370,904,341.02 | -5.49% | | Net Profit Attributable to Shareholders (CNY) | 761,091,675.13 | 796,531,528.10 | -4.45% | | Net Cash Flow from Operating Activities (CNY) | 1,019,979,581.74 | 1,633,052,451.40 | -37.54% | | Basic EPS (CNY/share) | 0.428 | 0.448 | -4.46% | | Indicator | Period-End Balance (CNY) | Year-Beginning Balance (CNY) | Change (%) | | Total Assets (CNY) | 8,046,587,543.94 | 7,742,250,397.90 | 3.93% | | Net Assets Attributable to Shareholders (CNY) | 6,077,541,631.40 | 5,841,517,982.40 | 4.04% | - In Q1-Q3 2017, the company's total non-recurring gains and losses amounted to -26.45 million CNY, primarily from other non-operating income and expenses[7] Shareholder Information As of the reporting period-end, the company had 91,893 shareholders, with the controlling shareholder, Heilongjiang Beidahuang Agricultural Reclamation Group General Company, holding a highly concentrated 64.14% stake - As of the reporting period-end, the total number of shareholders was 91,893[8] Top Five Shareholders' Holdings | Shareholder Name | Shares Held at Period-End | Proportion (%) | | :--- | :--- | :--- | | Heilongjiang Beidahuang Agricultural Reclamation Group General Company | 1,140,262,121 | 64.14 | | Yu Mingwei | 9,620,545 | 0.54 | | Southern Consumer Vitality Flexible Allocation Mixed Initiated Securities Investment Fund | 9,108,079 | 0.51 | | China Securities Finance Corporation Limited | 8,039,237 | 0.45 | | Xinhua Industry Rotation Flexible Allocation Mixed Securities Investment Fund | 7,909,097 | 0.44 | Preferred Shareholder Information The company had no preferred shares during the reporting period - The company has no preferred share-related information[9] Significant Events Analysis of major changes in financial statement items and indicators, along with updates on other significant matters Analysis of Significant Changes in Major Financial Statement Items and Indicators During the reporting period, long-term equity investment significantly increased by 144% due to a subsidiary's equity dilution, while operating costs decreased by 43.38% and taxes and surcharges surged by 334.91% due to accounting policy changes - Long-term equity investment increased by 144.00% from the beginning of the year, primarily because Haolianghe Company introduced investors for capital increase, reducing the company's shareholding to 49% and reclassifying it as an associate[10][11] - Operating costs decreased by 43.38% year-over-year, mainly due to the agricultural branch not engaging in grain operations, reduced urea sales by Haolianghe Chemical Fertilizer Branch, and no heating business by Malt Company[12][13] - Taxes and surcharges increased by 334.91% year-over-year, primarily due to accounting policy changes reclassifying property tax and land use tax from administrative expenses to this item[12][14] - Net cash flow from operating activities decreased by 37.54% year-over-year, mainly because some agricultural branches received advance payments for current year's land contract fees at the end of the previous year, reducing current year cash receipts[16][17] - Net cash flow from investing activities decreased by 388 million CNY year-over-year, primarily due to the purchase of farmland water conservancy facilities and wealth management investments using idle assets during the reporting period[16][17] Other Significant Matters During the reporting period, the company had no significant matter progress, overdue unfulfilled commitments, or major performance change warnings to disclose - The company has no significant matter progress, overdue unfulfilled commitments, or performance change warnings requiring explanation[18] Appendix Contains the company's unaudited financial statements, including consolidated and parent company balance sheets, income statements, and cash flow statements Financial Statements The appendix provides the company's unaudited consolidated and parent company balance sheets as of September 30, 2017, and consolidated and parent company income statements and cash flow statements for January-September 2017 Consolidated Balance Sheet As of September 30, 2017, the company's total assets were 8.05 billion CNY, total liabilities 2.11 billion CNY, and total equity attributable to parent company owners 6.08 billion CNY Consolidated Balance Sheet Key Items (CNY) | Item | Period-End Balance | Year-Beginning Balance | | :--- | :--- | :--- | | Total Assets | 8,046,587,543.94 | 7,742,250,397.90 | | Total Liabilities | 2,106,300,178.66 | 2,025,383,042.29 | | Total Equity Attributable to Parent Company Owners | 6,077,541,631.40 | 5,841,517,982.40 | Parent Company Balance Sheet As of September 30, 2017, the parent company's total assets were 8.11 billion CNY, total liabilities 1.73 billion CNY, and total owner's equity 6.38 billion CNY Parent Company Balance Sheet Key Items (CNY) | Item | Period-End Balance | Year-Beginning Balance | | :--- | :--- | :--- | | Total Assets | 8,113,397,210.14 | 7,755,910,490.98 | | Total Liabilities | 1,729,961,132.17 | 1,628,780,110.98 | | Total Owner's Equity | 6,383,436,077.97 | 6,127,130,380.00 | Consolidated Income Statement For Q1-Q3 2017, the company's consolidated total operating revenue was 2.24 billion CNY, net profit attributable to parent company owners 761.09 million CNY, and basic earnings per share 0.428 CNY Consolidated Income Statement Key Items (Jan-Sep 2017, CNY) | Item | Current Period Amount | Prior Period Amount | | :--- | :--- | :--- | | I. Total Operating Revenue | 2,240,854,681.51 | 2,370,904,341.02 | | III. Operating Profit | 777,991,392.12 | 785,557,956.49 | | Net Profit Attributable to Parent Company Owners | 761,091,675.13 | 796,531,528.10 | | Basic Earnings Per Share (CNY/share) | 0.428 | 0.448 | Parent Company Income Statement For Q1-Q3 2017, the parent company's operating revenue was 2.20 billion CNY, and net profit 781.37 million CNY Parent Company Income Statement Key Items (Jan-Sep 2017, CNY) | Item | Current Period Amount | Prior Period Amount | | :--- | :--- | :--- | | I. Operating Revenue | 2,203,606,437.28 | 2,330,693,267.78 | | IV. Net Profit | 781,373,724.10 | 828,824,781.83 | Consolidated Cash Flow Statement For Q1-Q3 2017, consolidated net cash flow from operating activities was 1.02 billion CNY, from investing activities -770.07 million CNY, and from financing activities -604.41 million CNY, with period-end cash and cash equivalents at 432.06 million CNY Consolidated Cash Flow Statement Key Items (Jan-Sep 2017, CNY) | Item | Current Period Amount | Prior Period Amount | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 1,019,979,581.74 | 1,633,052,451.40 | | Net Cash Flow from Investing Activities | -770,066,114.24 | -382,241,516.65 | | Net Cash Flow from Financing Activities | -604,411,169.06 | -524,415,598.82 | | Cash and Cash Equivalents at Period-End | 432,064,106.19 | 939,551,635.81 | Parent Company Cash Flow Statement For Q1-Q3 2017, parent company net cash flow from operating activities was 1.01 billion CNY, from investing activities -768.84 million CNY, and from financing activities -594.41 million CNY Parent Company Cash Flow Statement Key Items (Jan-Sep 2017, CNY) | Item | Current Period Amount | Prior Period Amount | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 1,008,234,819.35 | 1,582,161,964.16 | | Net Cash Flow from Investing Activities | -768,842,380.99 | -379,077,894.65 | | Net Cash Flow from Financing Activities | -594,411,169.06 | -504,916,598.82 | Audit Report This quarterly report is unaudited - This quarterly financial report is unaudited[37]