WINALL(SZ:300087)2014-10-24 16:00Financial Performance - Total revenue for the reporting period was CNY 69,688,354.70, down 2.26% year-on-year, while total revenue from the beginning of the year to the reporting period increased by 13.18% to CNY 232,815,650.60[6]. - Net profit attributable to shareholders of the listed company was CNY -6,355,898.43, a decrease of 78.98% compared to the same period last year[6]. - The basic earnings per share for the reporting period was CNY -0.0401, a decrease of 1.77% year-on-year[6]. - The weighted average return on equity was -1.16%, a decrease of 0.52% compared to the previous year[6]. - The company achieved 36.55% of its annual revenue target of CNY 637 million and reported a net loss of CNY 14 million for the first nine months of the year[27]. - Year-to-date net profit was CNY -7,861,980.28, compared to CNY -15,288,838.65 in the previous year, showing improvement[59]. - The total comprehensive income attributable to the parent company is CNY -10,077,792.64, an improvement from CNY -13,501,269.98 in the previous period[60]. Cash Flow and Assets - The company reported a net cash flow from operating activities of CNY 4,869,978.51, an increase of 106.78% year-to-date[6]. - Cash and cash equivalents decreased from 253,392,310.52 to 225,157,132.72, a decrease of approximately 11.1%[46]. - The net cash flow from operating activities is CNY 4,869,978.51, a significant recovery from CNY -71,866,941.40 in the previous period[64]. - The total cash and cash equivalents at the end of the period amounted to ¥78,726,373.02, slightly up from ¥77,277,734.39 year-over-year[67]. - The company experienced a net decrease in cash and cash equivalents of -¥10,844,651.89, compared to -¥126,346,873.93 in the previous year[67]. Inventory and Receivables - Inventory levels remained high, leading to increased storage costs and pressure on cash flow, despite some success in inventory reduction[9]. - Inventory decreased by CNY 55,530,631.57, a reduction of 14.65% due to cost of sales recognition[19]. - Accounts receivable decreased from 38,223,386.66 to 32,485,388.24, a reduction of about 15.1%[46]. - Other receivables rose by CNY 5,265,170.17, marking an increase of 103.81% year-on-year[19]. Investments and R&D - The company plans to increase R&D investment and accelerate the breeding of breakthrough new varieties to address declining sales and market promotion challenges[27]. - Two significant R&D projects were completed: the high-yield hybrid rice variety "New Liangyou 343" and the Hefei Biobreeding Industry Technology Innovation Strategic Alliance, enhancing the company's breeding capabilities and industry influence[26]. - The company has established a molecular breeding platform for hybrid rice in collaboration with Huazhi Rice Biotechnology Co., Ltd., holding a 3% stake[35]. Shareholder Information - The company has 9,499 total shareholders, with the top three shareholders holding 28.80% of the shares[11][13]. - The company’s third-largest shareholder, Chongqing Zhongxin Rongze Investment Center, acquired 10,514,439 shares, representing 6.64% of the total share capital[39]. Market and Competition - The company faced market competition risks due to changes in consumer demand for high-quality agricultural products and the transfer of rural labor[9]. - The company faced challenges in achieving expected project outcomes due to market oversupply and intensified competition in the seed industry[36]. Government Support - The company received government subsidies amounting to CNY 1,750,833.90 during the reporting period[7]. Capital and Financing - The company reported a cash dividend distribution of 15,840,000 yuan, with a plan to distribute 1.5 yuan per 10 shares, and a capital increase of 52,800,000 shares through capital reserves[42]. - The total amount of raised funds was 33,241.70 million yuan, with 1,174.56 million yuan utilized during the reporting period, achieving an investment progress of 83.21%[37].