*ST天山(300313) - 2016 Q3 - 季度财报

Financial Performance - Total operating revenue for the reporting period was CNY 123,378,766.03, an increase of 11.35% year-on-year[8]. - Net profit attributable to shareholders was a loss of CNY 27,891,008.20, a decrease of 582.30% compared to the same period last year[8]. - The company achieved total operating revenue of CNY 333,726,646.90, an increase of 106.95% compared to the same period last year[30]. - The net profit attributable to the parent company was CNY -57,818,727.51, a decrease of 306.62% year-on-year[30]. - The total operating revenue for the third quarter was CNY 123,378,766.03, an increase of 11.4% compared to CNY 110,800,432.47 in the same period last year[66]. - The total operating costs rose to CNY 156,086,207.25, up 34.3% from CNY 116,224,722.89 year-over-year[66]. - The company reported a total loss of CNY 75,406,041.71 for the period, compared to a loss of CNY 19,067,902.91 in the previous year, indicating a worsening financial position[74]. - The total comprehensive income attributable to the parent company was -50,820,175.63 CNY, compared to -23,444,601.07 CNY in the previous period, indicating a significant decline[75]. Assets and Liabilities - Total assets increased by 6.82% to CNY 974,121,837.08 compared to the end of the previous year[8]. - The company's total assets reached CNY 829,387,992.17, compared to CNY 672,026,424.23 at the beginning of the period, reflecting a growth of 23.4%[64]. - Total liabilities amounted to CNY 303,520,826.06, an increase from CNY 273,706,995.23, indicating a rise of 10.0%[64]. - The company's long-term borrowings increased by 388.29% to CNY 70,893,932.87 due to new subsidiary borrowings[30]. - The company's inventory decreased by 38.57% to CNY 126,647,975.03, attributed to sales of previously purchased livestock[30]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 88,367,151.31, an increase of 166.95%[8]. - Cash flow from operating activities was CNY 600,180,442.98, representing a year-on-year increase of 185.58%[31]. - The total cash outflow from investing activities was 102,253,479.04 CNY, compared to 140,908,309.93 CNY in the previous period, indicating reduced investment expenditures[81]. - The net cash flow from financing activities was -37,979,778.93 CNY, a decline from a positive inflow of 161,263,589.27 CNY in the previous period, reflecting challenges in financing[82]. Strategic Initiatives - The company plans to expand its entire industry chain from breeding to sales to improve profitability and mitigate performance risks[13]. - The company is actively investing in beef projects to extend its industry chain and enhance market competitiveness[15]. - The company has adjusted its development strategy to implement industrial integration measures, facing potential operational and investment risks due to market demand uncertainties and talent shortages[16]. - The company is focused on establishing a complete industrial chain from breeding to sales, aiming to enhance production scale and modernize operations[19]. - The company is implementing a full industry chain operation for beef production, focusing on breeding, farming, fattening, slaughtering, and sales, ensuring controllable quality from source to end[22]. Risk Management - The company faces risks from government subsidy policies, which could impact production and operations if altered or canceled[12]. - The company has implemented measures to prevent disease outbreaks, which pose significant risks to livestock production[14]. - The company emphasizes the importance of risk management and internal controls to mitigate the impact of price fluctuations in the livestock market[20]. - The company has identified food safety as a critical risk, emphasizing the importance of managing the long supply chain effectively to protect brand reputation[21]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,375, with the largest shareholder holding 29.10% of shares[25]. - The largest shareholder, Tianshan Agricultural Development Co., Ltd., holds 57,426,801 shares, which are currently pledged[25]. Investment and Fundraising - Total fundraising amount reached CNY 29,328.47 million, with CNY 847.99 million invested in the current quarter[44]. - The project for bull semen production and research has a total investment of CNY 7,838.65 million, with CNY 4,152.15 million invested to date, achieving 54.43% of the planned progress[44]. - The acquisition of Australian assets project has been fully funded with CNY 5,294.33 million, achieving 100% completion[44]. - The company has committed to ensuring no overdue or underpayment of social security and housing fund contributions[42]. Market Outlook - The company predicts continued growth in beef consumption driven by urbanization and changing consumer preferences for safe and green meat products[20]. - The company plans to increase market share in the fourth quarter in response to the frozen semen bidding policy[36]. - The company aims to leverage the winter sales peak for beef and lamb products to achieve favorable operating results[36].