MINHE(SZ:002234)2025-10-24 08:40Financial Performance - The company's operating revenue for the third quarter was ¥558,204,418.64, an increase of 5.63% compared to the same period last year[5] - The net profit attributable to shareholders was -¥15,856,327.55, a decrease of 49.71% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥18,899,117.36, a decrease of 45.95% compared to the previous year[5] - Total operating revenue for the period was CNY 1,544,341,950.70, a decrease of 2.1% compared to CNY 1,576,208,084.91 in the previous period[20] - Operating profit was reported at approximately -¥234.51 million, compared to -¥219.99 million in the prior period, indicating a decline in profitability[21] - Net profit for the period was approximately -¥233.66 million, slightly worse than the -¥219.98 million reported in the previous period, reflecting ongoing financial challenges[22] Cash Flow and Liquidity - The net cash flow from operating activities was ¥98,118,206.23, a significant increase of 1,104.87% compared to the same period last year[5] - The company generated net cash flow from operating activities of approximately ¥98.12 million, a significant improvement from a negative cash flow of -¥9.76 million in the prior period[25] - Cash and cash equivalents at the end of the period totaled approximately ¥440.32 million, down from ¥593.90 million at the end of the previous period[26] - The company received government subsidies amounting to ¥2,885,248.52 during the reporting period, contributing to its financial performance[6] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,704,546,288.84, a decrease of 3.49% from the end of the previous year[5] - Current assets totaled CNY 1,249,045,925.45, down from CNY 1,330,127,299.83 at the beginning of the period, reflecting a decrease of approximately 6.1%[16] - Non-current assets amounted to CNY 2,455,500,363.39, a decline from CNY 2,508,502,006.36, indicating a decrease of about 2.1%[16] - Total liabilities increased to CNY 1,916,433,436.99 from CNY 1,816,862,415.17, representing an increase of approximately 5.5%[18] - The company's total assets were CNY 3,704,546,288.84, down from CNY 3,838,629,306.19, showing a decrease of about 3.5%[18] Shareholder Equity - The equity attributable to shareholders decreased by 11.30% to ¥1,807,941,218.04 compared to the end of the previous year[5] - The total equity attributable to shareholders decreased to CNY 1,807,941,218.04 from CNY 2,038,289,386.04, reflecting a decline of about 11.3%[18] Expenses - Total operating costs for the period were approximately ¥1.71 billion, a decrease of 1.5% from ¥1.74 billion in the previous period[21] - Research and development expenses were approximately ¥15.73 million, a decrease of 3.4% from ¥16.28 million in the previous period, suggesting a potential reduction in innovation investment[21] - Sales expenses decreased significantly to approximately ¥69.17 million from ¥106.07 million, reflecting cost-cutting measures[21] - The company experienced an increase in financial expenses, with interest expenses rising to approximately ¥37.01 million from ¥32.57 million in the prior period[21] Borrowings - Long-term borrowings increased by 100% to ¥95,440,000.00, reflecting the company's increased bank borrowings[9] - Short-term borrowings decreased to CNY 1,298,500,288.35 from CNY 1,409,742,005.25, a reduction of approximately 7.9%[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 30,439[11] - Basic earnings per share were reported at -¥0.66, compared to -¥0.62 in the previous period, indicating a slight deterioration in earnings performance[22] Accounts Management - The company reported a significant increase in accounts payable by 39.80%, reaching ¥118,076,612.27, primarily due to increased purchases of feed raw materials[8] - The accounts receivable balance was CNY 73,201,602.84, down from CNY 78,324,917.86, representing a decrease of about 6.5%[15]