Financial Performance - Net profit attributable to shareholders rose by 111.61% to CNY 18,028,069.18 for the year-to-date period[9] - Operating revenue for the first nine months increased by 22.83% to CNY 229,089,960.59 compared to the same period last year[9] - Basic earnings per share increased by 68.36% to CNY 0.1091 for the year-to-date period[9] - Total operating revenue for the first nine months of 2023 reached ¥229,089,960.59, an increase from ¥186,513,891.29 in the same period of 2022, representing a growth of approximately 22.7%[35] - Operating profit for the first nine months of 2023 was ¥16,189,393.33, up from ¥8,244,280.46 in 2022, reflecting a growth of approximately 96.5%[36] - Net profit for the first nine months of 2023 was ¥18,028,069.18, compared to ¥8,519,418.75 in the same period of 2022, marking an increase of around 111.5%[37] - Basic and diluted earnings per share for the first nine months of 2023 were both ¥0.1091, compared to ¥0.0648 in 2022, representing an increase of approximately 68.5%[37] - The company reported a total comprehensive income of ¥17,949,319.65 for the first nine months of 2023, compared to ¥8,008,851.37 in 2022, representing an increase of approximately 124.3%[37] Assets and Liabilities - Total assets increased by 26.11% to CNY 899,593,901.66 compared to the end of last year[9] - The company’s total liabilities increased, with a debt-to-asset ratio of 46.41% for the consolidated entity[9] - Total current assets increased to ¥771,185,544.39 as of September 30, 2023, up from ¥586,817,062.64 at the end of 2022, representing a growth of approximately 31.4%[27] - Total liabilities increased to ¥417,477,362.34 from ¥224,389,307.70, indicating a significant rise of about 86.2%[29] - Current liabilities totaled ¥397,975,633.92, up from ¥207,917,698.39, which is an increase of approximately 91.5%[28] - Total liabilities as of the reporting date were ¥381,326,350.73, significantly higher than ¥193,724,777.82 in the previous year, reflecting an increase of approximately 96.7%[33] - Total equity decreased to ¥493,838,763.75 from ¥507,476,514.34 in the previous year, a decline of about 2.4%[33] Cash Flow - Cash flow from operating activities increased by 5.03% to CNY 50,739,456.62 year-to-date[9] - The company received government subsidies and interest income, contributing to a 152.72% increase in cash received from operating activities[11] - Cash flow from operating activities for the first nine months of 2023 was ¥50,739,456.62, slightly up from ¥48,308,367.97 in the previous year[44] - Investment activities resulted in a net cash outflow of ¥141,956,963.82 in the first nine months of 2023, compared to a net inflow of ¥15,844,595.54 in the same period of 2022[44] - Cash inflow from operating activities totaled $332,288,067.10, compared to $218,075,315.32 previously, showing a robust increase in operational cash generation[47] - Total cash outflow for operating activities was $309,133,181.39, up from $208,854,201.35, indicating higher operational expenditures[47] Research and Development - Research and development expenses increased by 42.31% to CNY 6,819,649.61, reflecting enhanced investment in R&D projects[10] - Research and development expenses for the first nine months of 2023 amounted to ¥6,819,649.61, up from ¥4,792,055.68 in 2022, indicating a growth of about 42.3%[36] - The company incurred research and development expenses of ¥6,254,670.33 in the first nine months of 2023, an increase from ¥4,516,785.08 in the previous year[40] Shareholder Information - The total number of ordinary shares is 165,200,000, with 43.12% being unrestricted shares and 56.88% being restricted shares[16] - The largest shareholder, Henan Seed Industry Group Co., Ltd., holds 26.73% of the shares, totaling 44,156,000 shares[17] - The number of ordinary shareholders is 5,390[16] Other Information - The company has no significant changes in previously disclosed commitments as of April 20, 2023[24] - There are no pledges or judicial freezes on shares held by shareholders with over 5% ownership[19] - The company has not undergone any accounting policy changes or error corrections during the reporting period[15] - The company has not reported any significant litigation or arbitration matters during the reporting period[21] - The company executed daily related transactions as planned, with total sales of CNY 713,110.26 against a projected amount of CNY 3,000,000[23]
秋乐种业(831087) - 2023 Q3 - 季度财报