万方发展(000638) - 2025 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2025 was ¥22,968,285.82, a decrease of 62.42% compared to the same period last year[5] - The net profit attributable to shareholders was -¥3,569,361.87, representing a decline of 129.14% year-on-year[5] - The basic earnings per share were -¥0.0115, down 129.26% from the previous year[5] - The company reported a 60.43% increase in operating revenue year-to-date, totaling ¥175,541,282.24, mainly driven by increased agricultural business revenue[9] - The company experienced a 69.95% rise in operating costs, amounting to ¥166,998,442.91, attributed to the growth in agricultural business costs[10] - The company recorded a significant drop of 99.53% in non-operating income, totaling ¥158,093.49, compared to the previous year[10] - The total operating revenue for the current period reached ¥175,541,282.24, a significant increase from ¥109,420,815.31 in the previous period, representing a growth of approximately 60.4%[29] - Total operating costs amounted to ¥186,528,420.59, up from ¥118,359,075.60, indicating an increase of about 57.7%[29] - The company's net loss for the current period was ¥11,500,052.05, an improvement compared to a loss of ¥18,323,415.88 in the previous period[29] - The company incurred total comprehensive loss of CNY -14,384,895.03, compared to a comprehensive income of CNY 11,148,318.85 in the previous period[30] Assets and Liabilities - Total assets at the end of the reporting period were ¥265,735,313.26, a decrease of 12.04% from the end of the previous year[5] - Cash and cash equivalents decreased to ¥25,321,744.13 from ¥51,432,455.82, reflecting a decline of approximately 50.8%[26] - Accounts receivable decreased to ¥34,493,579.94 from ¥39,176,692.02, a reduction of about 11.5%[26] - Inventory levels dropped to ¥29,163,417.14 from ¥41,085,302.77, showing a decrease of approximately 29.0%[26] - Total assets decreased to ¥265,735,313.26 from ¥302,116,014.80, a decline of about 12.0%[27] - Total liabilities decreased to ¥129,324,511.09 from ¥154,283,324.02, indicating a reduction of approximately 16.2%[27] - The company's equity attributable to shareholders decreased to ¥139,492,729.46 from ¥151,056,738.54, a decline of about 7.7%[28] Cash Flow - The cash flow from operating activities for the year-to-date was -¥13,681,847.34, an improvement of 68.95% compared to the same period last year[10] - The company reported a net cash outflow from operating activities of CNY -13,681,847.34, an improvement from CNY -44,057,325.66 in the previous period[32] - Cash and cash equivalents at the end of the period decreased to CNY 25,316,744.13 from CNY 60,679,422.49 in the previous period[33] - The total operating cash inflow was CNY 251,199,612.66, significantly higher than CNY 114,595,529.87 in the previous period[32] Shareholder Information - The total number of common shareholders at the end of the reporting period is 21,510[12] - Beijing Wanfangyuan Real Estate Development Co., Ltd. holds 29.18% of the shares, totaling 90,860,000 shares[12] - Jilin Shuangyang Rural Commercial Bank holds 6.02% of the shares, totaling 18,753,100 shares[12] - The largest shareholder, Wanfangyuan, is facing judicial auction of its 90,860,000 shares, which represents 29.18% of the total share capital[14] - The first auction attempt for Wanfangyuan's shares on September 2, 2025, failed due to no bids[15] - Jilin Shuangyang Rural Commercial Bank plans to reduce its holdings by up to 9,341,596 shares, which is 3% of the total share capital, within three months starting from September 25, 2025[21] - As of October 10, 2025, Jilin Shuangyang Rural Commercial Bank has reduced its holdings by 1,056,300 shares, decreasing its ownership from 6.2846% to 5.9454%[21] Regulatory Matters - The company received a notice from the China Securities Regulatory Commission regarding a case of suspected information disclosure violations[18] - Wanfangyuan's loss of major shareholder status may lead to a change in control, as it has delegated voting rights for 80,444,000 shares to Huide Industrial Co., Ltd.[16] - The company has disclosed multiple announcements regarding the judicial auction and regulatory matters in various financial publications[17] Impairment and Investments - The company reported a credit impairment loss of ¥528,306.50, contrasting with a gain of ¥7,276,252.27 in the previous period[29] - The company received CNY 500,000.00 from new investments during the period[32]