长青股份(002391) - 2016 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders decreased by 48.32% to CNY 27,607,512.66 for the current period[8] - Operating revenue for the current period was CNY 389,047,769.32, a decline of 1.21% year-on-year[8] - Basic earnings per share fell by 46.67% to CNY 0.08[8] - The weighted average return on net assets decreased to 0.96%, down by 0.93% compared to the previous year[8] - The company reported a net profit attributable to shareholders for the year-to-date period of CNY 135,096,758.92, down 26.94% year-on-year[8] - The net profit attributable to shareholders for 2016 is expected to range from ¥142.54 million to ¥213.81 million, representing a decrease of 10.00% to 40.00% compared to the previous year[22] - The net profit for 2015 was ¥237.56 million, indicating a decline in profitability due to overall weak market demand in the pesticide industry and a decrease in product gross margins[22] Assets and Liabilities - Total assets increased by 7.63% to CNY 3,822,560,268.64 compared to the end of the previous year[8] - Accounts receivable increased by 35.16% to ¥540,542,517.44 due to an increase in customer payments within the credit period[16] - Inventory rose by 38.26% to ¥658,685,856.86 primarily due to the expansion of production scale at the Nantong subsidiary[16] - Short-term borrowings increased by 92.77% to ¥480,000,000.00 as the company increased its working capital loans[16] - Prepayments surged by 302.56% to ¥15,935,174.27 due to seasonal demand leading to increased customer prepayments[16] - Tax payable increased by 173.50% to ¥17,500,237.24 mainly due to the increase in unremitted corporate income tax at the end of the period[16] Cash Flow - Cash flow from operating activities for the year-to-date period was CNY 183,040,824.58, a decrease of 6.50%[8] - Cash flow from investing activities showed a net outflow of ¥231,500,422.25, a decrease of 74.69% compared to the previous period due to fewer recoveries from maturing bank financial products[17] - The company reported a net cash inflow from financing activities of ¥57,472,484.40, a significant increase of 401.84% due to increased bank borrowings[17] Financial Management - Financial expenses rose by 225.49% to ¥13,222,903.64 primarily due to increased bank loans during the reporting period[17] - Investment income decreased by 67.63% to ¥1,354,333.20 as a result of reduced returns from purchased bank financial products[17] - The company has utilized temporarily idle raised funds for wealth management products, with expected returns from various financial products ranging from 2.6% to 4.63%[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 21,194[12] - The largest shareholder, Yu Guoquan, holds 30.88% of the shares, totaling 111,008,978 shares[12] Dividend Policy - The company commits to a stable profit distribution policy, planning to distribute at least 20% of the distributable profits in cash annually over the next three years[21] - The company will prioritize cash dividends and may propose interim cash dividends based on profitability and funding needs[21] - The company plans to continue its cash dividend policy as long as it achieves positive distributable profits and does not have significant investment plans[21] Compliance and Governance - The company has no violations regarding external guarantees during the reporting period[25] - There are no non-operating fund occupations by controlling shareholders or their affiliates during the reporting period[26] - The company has strictly fulfilled its commitments regarding avoiding competition and tax obligations[20] Other Information - Non-operating income and expenses included a donation expense of CNY 7,385,308.46[9] - The fair value of financial assets includes an initial investment of ¥453,939.20, with a current fair value loss of ¥9,152.00[24] - The company conducted an on-site investigation on September 20, 2016, focusing on production operations and future development plans[27]