万向德农(600371) - 2025 Q3 - 季度财报

Financial Performance - The company's operating revenue for the third quarter was CNY 37,716,415.06, a decrease of 69.11% compared to the same period last year[5]. - The total profit for the third quarter was a loss of CNY 6,211,304.07, representing a decline of 151.90% year-on-year[5]. - The net profit attributable to shareholders for the third quarter was a loss of CNY 5,509,433.26, down 151.02% from the previous year[5]. - The basic earnings per share for the third quarter was -CNY 0.0188, a decline of 150.95% year-on-year[5]. - Total operating revenue for the first three quarters of 2025 was ¥154,933,516.97, a decrease of 44.2% compared to ¥277,145,528.36 in the same period of 2024[20]. - Total operating costs for the first three quarters of 2025 were ¥150,376,695.13, down 37.5% from ¥240,549,733.43 in 2024[20]. - Operating profit for the first three quarters of 2025 was ¥21,354,906.28, a decline of 62.2% from ¥56,611,061.47 in 2024[20]. - Net profit attributable to shareholders of the parent company for the first three quarters of 2025 was ¥19,343,152.95, a decrease of 62.7% compared to ¥51,761,652.64 in 2024[21]. - Basic and diluted earnings per share for the first three quarters of 2025 were both ¥0.0661, down from ¥0.1769 in 2024[21]. - Total comprehensive income for the first three quarters of 2025 was ¥21,349,904.79, a decrease of 62.7% from ¥57,198,112.89 in 2024[21]. - Net profit for the first three quarters of 2025 was CNY 51,682,386.34, down from CNY 67,633,510.43 in the same period of 2024, representing a decline of approximately 23.6%[31]. - Operating profit decreased to CNY 51,682,387.84 from CNY 67,633,510.43, a drop of around 23.6% year-over-year[31]. Cash Flow and Assets - The net cash flow from operating activities for the third quarter was CNY 31,924,342.76, a decrease of 31.73% compared to the same period last year[5]. - Cash flow from operating activities for the first three quarters of 2025 was ¥1,717,953.34, compared to a negative cash flow of ¥14,834,565.81 in 2024[22]. - Cash inflow from operating activities totaled CNY 4,540,313.08, a decrease from CNY 7,433,371.29 in the prior year, reflecting a decline of approximately 38.4%[33]. - Cash outflow from operating activities was CNY 3,473,639.27, compared to CNY 4,543,432.36 in the previous year, indicating a decrease of about 23.5%[33]. - Cash and cash equivalents at the end of September 2025 were ¥312,399,201.13, down from ¥405,076,368.50 at the end of 2024[24]. - The company's cash and cash equivalents decreased from RMB 346,730,147.79 to RMB 312,399,201.13, a decline of about 9.9%[15]. - The ending balance of cash and cash equivalents was $115,601,280.10, down from $158,455,986.40 in the previous period[34]. - The net increase in cash and cash equivalents was -$42,820,026.19, compared to an increase of $16,374,338.93 in the previous period[34]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 725,378,366.07, a decrease of 10.38% from the end of the previous year[5]. - The company's current assets totaled RMB 534,682,732.58, down from RMB 614,727,855.31, indicating a decrease of about 13.0%[15]. - The company's inventory decreased significantly from RMB 264,730,406.32 to RMB 166,161,145.21, a reduction of approximately 37.3%[15]. - The total liabilities of the company were RMB 126,601,202.43, down from RMB 182,452,155.66, reflecting a decrease of around 30.6%[17]. - The company's equity attributable to shareholders decreased from RMB 573,840,516.63 to RMB 549,296,969.57, a decline of about 4.3%[17]. - Total assets increased to CNY 513,291,718.19, up from CNY 505,630,513.40, reflecting a growth of approximately 1.31%[27]. - Current assets totaled CNY 231,001,094.94, compared to CNY 223,339,890.15, indicating an increase of about 3.71%[27]. - Total liabilities amounted to CNY 1,539,532.29, down from CNY 1,674,013.84, showing a reduction of approximately 8.0%[28]. - Owner's equity increased to CNY 511,752,185.90 from CNY 503,956,499.56, reflecting a growth of about 1.57%[28]. Shareholder Information - The company had a total of 32,180 common shareholders at the end of the reporting period[12]. - The largest shareholder, Wanxiang San Nong Group Co., Ltd., held 48.76% of the shares[12]. - The company has not reported any significant changes in major shareholders or their participation in financing activities[13]. Other Information - The company reported non-recurring gains and losses of CNY 805,572.48 for the third quarter[8]. - The decrease in operating revenue was primarily due to a reduction in sales volume and lower prices for certain products[9]. - The company has not disclosed any new product developments or technological advancements during the reporting period[14]. - There are no significant reminders or additional important information regarding the company's operational performance during the reporting period[14]. - Research and development expenses were not specified but are part of the overall management expenses of CNY 1,469,982.58, down from CNY 1,751,911.00 in the previous year[30]. - Investment income for the first three quarters of 2025 was ¥14,950,000.00, slightly down from ¥15,600,000.00 in 2024[22]. - Cash outflow from financing activities for the first three quarters of 2025 was ¥49,486,700.00, compared to ¥65,715,600.00 in 2024[24]. - Investment income for the first three quarters of 2025 was CNY 50,400,000.00, down from CNY 64,800,000.00 in the same period of 2024, representing a decrease of approximately 22.2%[31].