益生股份(002458) - 2017 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was CNY 165,867,766.71, a decrease of 65.17% year-on-year[7]. - Net profit attributable to shareholders was a loss of CNY 64,961,850.50, representing a decline of 127.66% compared to the same period last year[7]. - The net cash flow from operating activities was a negative CNY 77,807,121.15, down 140.28% year-on-year[7]. - Basic earnings per share were -CNY 0.19, a decrease of 127.14% compared to the same period last year[7]. - The weighted average return on net assets was -4.64%, a decline of 22.78% year-on-year[7]. - Total operating revenue for the current period was CNY 165,867,766.71, a significant decrease from CNY 476,208,624.04 in the previous period, representing a decline of approximately 65.2%[47]. - The company reported a net loss of CNY 65,789,488.40 for the current period, compared to a net profit of CNY 234,467,564.93 in the previous period, marking a substantial decline[48]. - The gross profit margin for the current period was negative, reflecting the challenges faced in maintaining profitability[48]. - Net profit for the first nine months of 2017 was CNY -186,849,815.53, a decrease of 137.13% year-on-year, attributed to declining product prices and reduced sales volume[21]. - The company expects a net loss for 2017, projected between -28,000 and -25,000 thousand yuan, compared to a net profit of 56,215.99 thousand yuan in 2016[32]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 1,996,725,721.92, an increase of 3.08% compared to the end of the previous year[7]. - The company’s total liabilities increased significantly, with long-term borrowings reaching CNY 130,000,000.00, up from CNY 0.00 at the beginning of the year[14]. - Total liabilities increased from 462,629,037.68 to 658,497,897.41, an increase of approximately 42.3%[41]. - The company's equity attributable to shareholders decreased from 1,471,438,135.56 to 1,336,941,047.01, a decline of approximately 9.1%[42]. - Total cash inflow from investment activities was 117,211,281.99 CNY, while cash outflow was 193,794,265.90 CNY, resulting in a net cash flow of -76,582,983.91 CNY[65]. Cash Flow - Cash received from sales of goods and services was CNY 461,069,827.49, down 62.98% compared to the previous year, due to lower sales prices[21]. - The company’s cash paid for operating activities increased by 32.59% to CNY 120,174,093.73, primarily due to loans made to subsidiaries[22]. - The net cash flow from operating activities was -139,677,180.38 CNY, a significant decrease compared to 399,525,276.45 CNY in the previous period[65]. - The total cash inflow from operating activities was 555,129,986.30 CNY, compared to 1,296,029,934.05 CNY in the previous year[65]. - The company paid 262,679,688.35 CNY for purchasing goods and services, down from 476,110,299.94 CNY last year[65]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 19,499[11]. - The largest shareholder, Cao Jisheng, held 47.32% of the shares, with 124,010,771 shares pledged[11]. Market Conditions - Total revenue for the first nine months of 2017 was CNY 478,987,500.77, a decrease of 62.42% compared to the same period last year, primarily due to a prolonged market downturn[18]. - The significant decline in performance is attributed to a sharp drop in the prices of the company's main products[32]. - The company is focusing on strategies for market expansion and new product development to recover from the current financial challenges[48]. Other Financial Metrics - The company reported a significant increase in short-term borrowings, totaling CNY 250,000,000.00, which is a 77.30% increase from the beginning of the year, due to increased bank loans[8]. - Other payables increased by 248.00% to CNY 38,137,141.20, mainly due to unpaid amounts related to the acquisition of Anhui Minyi and Poultry Breeding Co., Ltd.[17]. - The company recorded a significant increase in tax and additional charges, rising to $2.00 million from $0.23 million in the previous period[55].