*ST天山(300313) - 2014 Q3 - 季度财报

Financial Performance - Total operating revenue for the reporting period was CNY 26,079,288.82, an increase of 38.20% year-on-year[7]. - Net profit attributable to shareholders was CNY 1,619,503.39, a decrease of 55.81% compared to the same period last year[7]. - Basic earnings per share were CNY 0.0178, down 55.83% year-on-year[7]. - Operating profit decreased to RMB 2,994,918.35, down 56.04% from RMB 6,813,175.48 year-on-year[22]. - Net profit attributable to shareholders was RMB 6,245,627.91, a decline of 23.35% from RMB 8,148,745.54 in the previous year[22]. - The company reported a profit of CNY 50.8 million from the sheep breeding project during the reporting period[38]. - The company reported a total profit of ¥7,488,754.41, down from ¥8,356,576.39, indicating a decrease of approximately 10.4%[65]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 524,616,706.43, a decrease of 1.83% compared to the previous year[7]. - The asset-liability ratio stood at 22.96% as of September 30, 2014[22]. - The company's total liabilities decreased to RMB 120.45 million from RMB 132.28 million[54]. - The total amount of excess fundraising reached CNY 14,656.63 million after deducting issuance costs[38]. - The company's total assets increased to ¥536,313,674.83 from ¥509,261,293.03, indicating growth in asset base[57]. - The total liabilities increased to ¥128,185,372.88 from ¥106,227,827.39, reflecting a rise in financial obligations[57]. Cash Flow - The company reported a net cash flow from operating activities of CNY -4,269,563.86, a decrease of 61.37% year-on-year[7]. - Cash inflow from operating activities surged by 237.91% to RMB 186,011,013.80 from RMB 55,047,080.69 year-on-year[28]. - Cash inflow from financing activities totaled ¥73,318,216.22, a significant increase from ¥2,314,589.61 in the previous year, driven by new borrowings[76]. - The net cash flow from financing activities was ¥57,580,784.14, compared to ¥513,289.71 in the same period last year, showing strong financing performance[76]. - The ending cash and cash equivalents balance was ¥53,659,478.83, up from ¥26,259,402.86 at the end of the previous year, indicating improved liquidity[76]. Market Strategy and Risks - The company plans to expand its market share by investing in beef cattle projects and enhancing its product range[9]. - The company faces risks related to government procurement and subsidy policies, which significantly impact revenue stability[9]. - The company aims to improve performance by consolidating and expanding sales of frozen semen and livestock products[11]. - The company has adjusted its development strategy to implement industrial integration measures, facing potential risks in market demand and operational challenges due to policy and industry dynamics[12]. - The livestock breeding industry faces significant risks from diseases such as foot-and-mouth disease and avian influenza, which can severely impact production and reproduction capabilities[14]. - The company is aware of exchange rate risks affecting its overseas projects and is enhancing its foreign exchange management capabilities[16]. Investments and Acquisitions - The company plans to acquire assets in Australia to strengthen its core business and improve profitability, with a focus on high-quality livestock resources[15]. - The company has signed contracts for importing Australian cattle worth a total of RMB 91.8 million, with RMB 51.66 million delivered as of March 2014[42]. - The company plans to acquire the Mingjiaha Ranch in Australia for AUD 25.25 million (approximately RMB 146.62 million), positioning it as a breeding base[46]. - The company has approved the use of surplus funds and remaining raised funds amounting to AUD 10.25 million (approximately RMB 59.52 million) for the cash portion of the acquisition[39]. Shareholder Information - As of the end of the reporting period, the total number of shareholders was 5,400, with the top shareholder holding 30.84% of the shares[17]. - The top ten shareholders collectively hold significant stakes, with the largest shareholder owning 28,040,000 shares[17]. - The company has committed to extending the lock-up period for shares held by major shareholders until April 27, 2015[35].