荃银高科(300087) - 2018 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders decreased by 30.73% to CNY -24,996,603.79 for the current period[7] - Basic earnings per share decreased by 30.88% to CNY -0.0581[7] - The weighted average return on net assets was -3.47%, a decrease of 0.55% compared to the previous year[7] - Total operating revenue for the third quarter was CNY 67,865,767.55, a decrease of 7.5% compared to CNY 73,199,488.58 in the same period last year[50] - Net loss for the quarter was CNY 43,729,589.54, compared to a net loss of CNY 31,648,026.74 in the previous year, representing a 38.2% increase in losses[52] - The company's operating revenue for the current period is CNY 25,928,990.88, a decrease of 28.4% compared to CNY 36,252,741.72 in the previous period[55] - The net profit for the current period is a loss of CNY 8,852,288.26, compared to a loss of CNY 4,345,550.98 in the previous period, indicating a worsening performance[56] - The total comprehensive income for the current period is a loss of CNY 43,729,589.54, compared to a loss of CNY 31,648,026.74 in the previous period[56] Research and Development - Research and development expenses increased by 41.35% in the current period, contributing to the decline in net profit[7] - Research and development expenses for the first nine months reached CNY 29,896,758.08, a 55.22% increase year-on-year, driven by increased investment in rice and corn research[21] - Research and development expenses rose to CNY 10,271,501.12, up 41.3% from CNY 7,266,470.95 year-on-year[50] - Research and development expenses rose to ¥11,965,863.32, up from ¥9,298,176.56, indicating a focus on innovation[63] Cash Flow and Investments - Cash flow from operating activities increased by 34.60% year-on-year, primarily due to an increase in received seed payments[8] - Cash received from investment activities increased by 57.26% to CNY 448,200,000.00, reflecting increased purchases of bank wealth management products[24] - Cash flow from operating activities generated a net amount of ¥171,466,047.81, an increase from ¥127,387,011.62[65] - Cash flow from investing activities resulted in a net outflow of ¥173,650,461.41, worsening from a loss of ¥57,109,171.27[67] - Cash inflow from investment activities totaled $382,471,236.13, up from $231,680,171.92, indicating a growth of approximately 65%[70] - Cash outflow for investment activities surged to $482,940,426.43 from $230,414,416.42, reflecting an increase of about 109.5%[70] Assets and Liabilities - Total assets increased by 10.73% to CNY 1,757,915,587.16 compared to the end of the previous year[7] - The balance of advance receipts as of September 30 was CNY 604,056,800, an increase of 18.36% compared to the same date last year[8] - Other current assets rose by 88.04% to CNY 327,054,524.67, mainly from increased bank wealth management purchases[19] - Investment properties increased by 131.22% to CNY 55,966,284.98, attributed to the transfer of self-owned portions of agricultural product wholesale logistics market[19] - The company's current assets totaled RMB 1,311,635,766.31, up from RMB 1,179,601,130.95 at the start of the year[43] - The total liabilities decreased from RMB 1,179,601,130.95 to RMB 1,311,635,766.31, indicating a shift in the company's financial structure[44] Shareholder Information - The company had 7,423 common shareholders at the end of the reporting period[12] - The top shareholder, Beijing Dabeinong Technology Group Co., Ltd., held 14.17% of the shares[12] - The registered capital of the company increased from RMB 319.88 million to RMB 430.33 million following the completion of business registration changes[32] Legal and Regulatory Matters - The company is involved in ongoing litigation regarding overdue financial assistance and investment disputes, which may impact future financial performance[26][28] - The company provided a guarantee of RMB 23 million for its subsidiary Anhui Wan Nong Seed Industry Co., Ltd. to support its daily operations[32] - The Ministry of Agriculture and Rural Affairs announced the approval of 27 hybrid rice varieties and 2 hybrid corn varieties developed by the company and its subsidiaries[33] Dividend and Earnings - The company reported a cash dividend distribution of RMB 0.981528 per 10 shares, totaling RMB 42,238,115.10 for the year 2017, based on a total share capital of 430,330,071 shares as of July 4, 2018[36] - The total loss attributable to the parent company for the current period is CNY 40,450,919.04, compared to a loss of CNY 27,678,673.85 in the previous period[60] - The total comprehensive income attributable to minority shareholders for the current period is a loss of CNY 27,985,437.78, compared to a loss of CNY 10,211,831.42 in the previous period[61]