西部牧业(300106) - 2025 Q3 - 季度财报

Revenue and Profitability - Revenue for Q3 2025 reached ¥270,779,058.88, an increase of 8.46% year-over-year, while year-to-date revenue decreased by 5.01% to ¥666,958,399.97[4] - Net profit attributable to shareholders was ¥6,942,105.75, a significant increase of 197.60% compared to the same period last year, while year-to-date net profit showed a loss of ¥36,658,145.74, improving by 11.85%[4] - The net profit after deducting non-recurring gains and losses was ¥5,557,400.55, up 146.84% year-over-year, with a year-to-date loss of ¥49,824,006.67, a decrease of 2.76%[4] - Basic and diluted earnings per share for Q3 2025 were both ¥0.0328, reflecting a 197.36% increase year-over-year, while year-to-date earnings per share were negative at -¥0.1735, improving by 11.84%[4] - Net profit and total comprehensive income increased by 39.71% compared to the same period last year, primarily due to increased other income and reduced selling expenses[11] - Profit attributable to minority shareholders grew by 404.5% year-on-year, mainly due to the increased net profit of the subsidiary Garden Dairy[11] Cash Flow and Financial Position - Cash flow from operating activities for the year-to-date period was ¥114,579,783.36, a substantial increase of 715.36%[4] - Net cash flow from operating activities increased by 715.36% year-on-year, driven by higher cash receipts from sales and reduced selling expenses[11] - Net cash flow from financing activities grew by 190.96% year-on-year, due to increased bank borrowings and reduced cash outflows from dividends[14] - Cash and cash equivalents increased by 598.74% year-on-year, reflecting higher net cash flows from operating and financing activities[14] - The ending balance of cash and cash equivalents stood at ¥366,616,868.61, up from ¥283,089,600.19 at the end of the previous period[24] - Cash received from operating activities included ¥804,934,985.98 from sales, an increase from ¥730,436,496.60 in the previous period[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,055,679,787.74, a decrease of 4.33% from the end of the previous year[4] - Owner's equity attributable to shareholders decreased by 8.68% to ¥385,827,929.35 compared to the end of the previous year[4] - The company's total assets decreased to ¥1,055,679,787.74 from ¥1,103,411,423.29, reflecting a decline of approximately 4.3%[20] - Total liabilities decreased to ¥534,731,616.51, down from ¥558,964,121.21, indicating a reduction of about 4.3%[20] - The company's equity attributable to shareholders decreased to ¥385,827,929.35 from ¥422,486,075.09, a decline of approximately 8.7%[20] Operating Performance - Operating profit for the period increased by 33.5% year-over-year, driven by higher other income and reduced selling expenses[10] - Total operating costs decreased to ¥677,764,389.18, down 5% from ¥713,376,813.15 in the previous period[21] - Research and development expenses were ¥1,835,975.18, down 51.1% from ¥3,726,385.84 in the previous period[21] Investments and Joint Ventures - Investment income increased by 125.18% year-over-year, attributed to profitable operations from partially owned breeding farms[10] - The company established a joint venture with Beingmate to set up Xinjiang Tianshan Xiaobei Food Sales Co., Ltd. with a registered capital of CNY 1 million, where Tianshan Yunmu holds 95%[17] Tax and Other Income - The company reported a 99.96% increase in tax and additional charges year-over-year, primarily due to increased water resource taxes[9] - Cash received from tax refunds surged by 615.62% year-on-year, attributed to tax refunds received by Garden Dairy[11] - Cash received from other operating activities rose by 71.42% year-on-year, mainly due to government subsidies received by Garden Dairy[11] Shareholder Information - The total number of common shareholders at the end of the reporting period was 22,354, with the largest shareholder holding 41.82%[15] Miscellaneous - The company's third-quarter financial report was not audited[25]