GUANNONG SHARE(SH:600251)2023-04-20 16:00Financial Performance - The company's operating revenue for Q3 2022 was CNY 225,837,201.30, a decrease of 47.95% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2022 was CNY 1,670,951.49, down 95.81% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 15.96% to CNY 29,518,543.60 for Q3 2022[5]. - The basic earnings per share for Q3 2022 was CNY 0.0021, a decrease of 95.79% year-on-year[5]. - Total operating revenue for the first three quarters of 2022 was ¥1,845,098,044.78, a decrease of 49.1% compared to ¥3,626,665,103.58 in the same period of 2021[20]. - Net profit for the first three quarters of 2022 was a loss of ¥72,614,320.02, compared to a profit of ¥273,843,427.98 in the same period of 2021[21]. - The company reported a total profit of -¥66,469,497.58 for the first three quarters of 2022, contrasting with a profit of ¥281,678,366.00 in 2021[21]. - The net profit for the third quarter of 2022 was CNY 470,227,590.94, an increase from CNY 282,708,324.23 in the same period of 2021, representing a growth of approximately 66.5%[32]. - The total operating profit for the third quarter was CNY 470,408,209.97, compared to CNY 283,306,502.11 in the previous year, indicating a year-over-year increase of about 66.2%[32]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 5,336,441,130.28, a decrease of 25.09% from the end of the previous year[5]. - As of September 30, 2022, the total assets of Xinjiang Guannong Co., Ltd. amounted to CNY 5,336,441,130.28, a decrease from CNY 7,124,111,657.77 at the end of 2021, representing a decline of approximately 25.1%[18]. - The company's current assets totaled CNY 2,618,583,362.01, down from CNY 4,741,762,445.61 at the end of 2021, indicating a decrease of about 44.7%[15]. - The total liabilities decreased to CNY 2,299,079,349.79 from CNY 3,978,931,535.27, reflecting a reduction of approximately 42.2%[16]. - The total owner's equity decreased to CNY 3,037,361,780.49 from CNY 3,145,180,122.50, representing a decline of approximately 3.4%[16]. - The company's short-term borrowings decreased to CNY 1,289,363,775.18 from CNY 3,186,882,255.21, indicating a reduction of about 59.6%[16]. - The company's total liabilities decreased to CNY 63,880,097.26 from CNY 190,470,241.31 year-over-year[29]. Cash Flow - The cash flow from operating activities for the year-to-date was CNY 2,195,662,540.10, down 7.48% compared to the previous year[5]. - Operating cash flow for the first three quarters of 2022 was ¥2,195,662,540.10, a decrease of 7.5% from ¥2,373,164,268.35 in 2021[24]. - The net cash flow from operating activities for the first three quarters of 2022 was negative CNY 21,139,982.35, a decline from a positive CNY 45,642,005.76 in the same period of 2021[34]. - The company's net cash flow from financing activities was negative at CNY -1,988,490,783.12, compared to CNY -1,858,368,748.73 in the previous period[28]. - The company's total cash outflow from financing activities was CNY 201,763,844.63, compared to CNY 189,186,417.03 in the previous year, reflecting an increase of about 6.4%[34]. Investments and Expenses - The company received government subsidies amounting to CNY 8,040,566.09, which were closely related to its normal business operations[8]. - Research and development expenses increased to ¥10,733,668.84 in the first three quarters of 2022, up from ¥4,795,627.11 in 2021, reflecting a growth of 123.5%[20]. - The company reported investment income of ¥363,876,809.56 for the first three quarters of 2022, an increase of 103.5% from ¥178,662,798.69 in 2021[20]. - The net profit from investment activities was CNY 480,025,753.18, up 59.9% from CNY 300,027,939.75 in the same period last year[31]. - The company's management expenses decreased to CNY 22,215,282.35 from CNY 26,768,633.13 year-over-year[31]. - The company's financial expenses showed a net income of CNY -6,344,249.62, compared to CNY -4,267,044.34 in the previous year[31]. Market Conditions - The company reported a significant loss in cotton product sales due to a depressed market price, impacting overall profitability[8]. - The company has not disclosed any new product developments or market expansion strategies in the current report[17].