登海种业(002041) - 2018 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was ¥33,623,186.72, down 22.28% year-on-year, and ¥330,077,305.46 for the year-to-date, a decrease of 33.14%[8] - Net profit attributable to shareholders was -¥28,326,683.16, an increase of 261.29% compared to the same period last year, and a decrease of 95.15% year-to-date[8] - Basic earnings per share were -¥0.0322, an increase of 261.80% year-on-year, reflecting a decrease of 95.12% year-to-date[8] - Operating revenue, net profit, and net profit attributable to shareholders decreased by 33.14%, 132.01%, and 95.15% year-on-year, respectively, due to inventory destocking and low corn prices[17] - Tax expenses increased by 45.60% year-on-year, mainly due to an increase in taxes payable[17] - The expected net profit attributable to shareholders for 2018 is projected to decrease by 115.00% to 65.00% compared to the previous year, with a range of ¥-2,500.55 to ¥5,834.61 million[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,842,067,184.03, a decrease of 13.58% compared to the end of the previous year[8] - Other current liabilities decreased by 55.91% compared to the beginning of the period, mainly due to the settlement of foreign royalty fees[16] - Cash and cash equivalents increased by 69.97% compared to the beginning of the period, mainly due to the increase in advance payments for corn seed sales for the 2018-2019 season[16] - Prepaid accounts increased by 180.75% compared to the beginning of the period, primarily due to increased production funding for seed production bases[16] - The company reported a 354.11% decrease in asset disposal income year-on-year, primarily due to increased losses from asset disposals[17] Shareholder Information - The company reported a total of 51,322 common shareholders at the end of the reporting period[12] - The largest shareholder, Laizhou Agricultural Science Institute, held 53.19% of the shares, totaling 468,108,155 shares[12] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[13] Cash Flow - The net cash flow from operating activities was ¥96,074,460.08, a decrease of 46.09% compared to the previous year[8] - The net cash outflow from operating activities decreased by ¥93,447,299.55 compared to the same period last year, primarily due to increased cash received from sales[18] - The net cash inflow from investing activities increased by ¥388,347,225.16 year-on-year, mainly due to an increase in the redemption of financial products[18] Market Conditions - The company faced a significant decline in demand and sales prices for corn seeds due to market conditions, including high inventory levels and intense price competition[22] - There were no significant non-recurring gains or losses that were reclassified as recurring during the reporting period[10] - The weighted average return on net assets was -1.02%, a decrease of 0.74 percentage points compared to the previous year[8]