Dunhuang Seed(SH:600354)2023-10-30 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥64,257,205.86, a decrease of 31.37% compared to the same period last year[3]. - The net profit attributable to shareholders was -¥26,187,449.22 for Q3 2023, with a year-to-date net profit of -¥13,538,904.93, indicating a significant loss[3]. - The company reported a year-to-date increase in operating revenue of 30.36%, driven by growth in the seed and food industries[8]. - The company experienced a decrease in cotton business revenue, contributing to the 31.37% decline in Q3 operating revenue[8]. - Total operating revenue for the first three quarters of 2023 reached CNY 525,435,256.68, a 30.4% increase from CNY 403,063,606.26 in the same period of 2022[16]. - Net profit for the first three quarters of 2023 was CNY 20,646,401.41, compared to a net loss of CNY 18,498,727.92 in the same period last year[17]. - Operating profit for the third quarter of 2023 was CNY 44,833,496.60, a significant recovery from a loss of CNY 19,975,409.77 in the previous year[17]. Cash Flow and Investments - The net cash flow from operating activities increased by 77.08% in Q3 2023, totaling ¥134,470,179.06, and a year-to-date increase of 144.94% to ¥141,717,713.21[3][8]. - Cash flow from operating activities for the first three quarters of 2023 totaled CNY 799,376,367.14, compared to CNY 603,616,430.98 in 2022, indicating a 32.4% increase[20]. - The company recorded a total cash inflow from operating activities of CNY 799,376,367.14, with cash outflows for purchasing goods and services amounting to CNY 397,506,108.43[20]. - The total cash outflow from investing activities was $246,458,553.00, compared to $10,364,759.61 in the same period last year, indicating a significant increase in investment activities[21]. - Cash inflow from investment activities totaled $230,317,957.65, a substantial rise from $3,418,983.29 in the previous year, indicating a strong recovery in investment returns[21]. - The cash flow from investment activities showed a net outflow of -$16,140,595.35, compared to -$6,945,776.32 in the previous year, indicating increased investment expenditures[21]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,768,221,784.84, reflecting a decrease of 9.19% from the end of the previous year[4]. - Current assets totaled RMB 1,209,749,675.03, down from RMB 1,360,204,552.49, indicating a decrease of about 11.1%[13]. - The company's cash and cash equivalents were RMB 677,171,276.51, compared to RMB 765,473,238.55 at the end of 2022, representing a decline of approximately 11.5%[13]. - Total liabilities reached RMB 1,071,402,011.33, down from RMB 1,217,066,302.04, marking a reduction of around 12.0%[15]. - The company's total equity was RMB 696,819,773.51, a decrease from RMB 730,073,372.10, reflecting a decline of about 4.5%[15]. - Short-term borrowings decreased to RMB 335,096,720.27 from RMB 457,070,777.78, a reduction of approximately 26.7%[14]. Shareholder Information - The top shareholder, Jiuquan Modern Agriculture (Holding) Group Co., Ltd., holds 12.92% of the shares, with 68,170,168 shares pledged[10]. - The company has a total of 75,822 common shareholders at the end of the reporting period[9]. Research and Development - Research and development expenses for the first three quarters of 2023 were CNY 10,079,544.87, slightly down from CNY 10,411,739.14 in the same period last year[16]. Other Financial Metrics - The weighted average return on equity was -4.10% for Q3 2023, compared to -2.14% at the end of the previous year[4]. - The basic and diluted earnings per share for the third quarter of 2023 were both CNY -0.0257, an improvement from CNY -0.0657 in the same quarter of 2022[18]. - The company recorded a net loss of RMB 885,629,491.42, compared to a loss of RMB 872,090,586.49 in the previous period, indicating a worsening of approximately 1.9%[15]. - The company has not disclosed any significant new product developments or market expansion strategies in the current report[12].