万向德农(600371) - 2019 Q3 - 季度财报

Financial Performance - Operating income for the first nine months rose by 4.77% to CNY 185,132,460.79 year-on-year[6] - Net profit attributable to shareholders increased by 33.69% to CNY 44,160,079.04 compared to the same period last year[6] - The weighted average return on equity improved by 2.15 percentage points to 9.28%[6] - Total operating revenue for Q3 2019 was CNY 54,830,857.11, a slight increase from CNY 54,466,328.79 in Q3 2018, representing a year-over-year growth of 0.67%[22] - The company reported a total profit of CNY 9,781,173.39 for Q3 2019, compared to CNY 42,358,398.36 in Q3 2018, indicating a significant decline[24] - The total comprehensive income for Q3 2019 was CNY 9,781,173.39, down from CNY 42,358,398.36 in Q3 2018[24] - The company’s total operating revenue for the first three quarters of 2019 was CNY 185,132,460.79, compared to CNY 176,711,890.25 in the same period of 2018, showing a growth of 4.8%[22] Cash Flow - Cash flow from operating activities increased by 38.83% to CNY 111,294,637.04 for the first nine months[12] - Operating cash flow for the first three quarters of 2019 was CNY 111,294,637.04, an increase from CNY 80,167,295.68 in the same period of 2018, reflecting a growth of approximately 38.8%[30] - The investment activities generated a net cash flow of CNY 8,765,874.90 in the first three quarters of 2019, a significant decrease from CNY 45,835,056.30 in the same period of 2018[31] - Operating cash inflow for the first three quarters of 2019 was CNY 3,162,393.38, compared to CNY 610,561.98 in the same period of 2018, showing a significant increase[33] - Operating cash outflow totaled CNY 6,232,116.81, up from CNY 2,936,322.20 in the previous year, resulting in a net cash flow from operating activities of -CNY 3,069,723.43, compared to -CNY 2,325,760.22 in 2018[33] - Financing cash outflow for the period was CNY 45,011,992.28, consistent with CNY 45,011,996.14 in the same period last year, resulting in a net cash flow from financing activities of -CNY 45,011,992.28[34] - The net increase in cash and cash equivalents was -CNY 48,081,715.71, compared to an increase of CNY 51,662,243.64 in the previous year[34] - The ending balance of cash and cash equivalents was CNY 29,921,879.79, down from CNY 78,888,511.25 at the end of the same period in 2018[34] Assets and Liabilities - Total assets increased by 2.93% to CNY 811,500,637.44 compared to the end of the previous year[6] - The total current assets reached RMB 566,483,616.28, compared to RMB 540,423,598.85 at the end of 2018, indicating an increase of about 4.82%[14] - The total non-current assets decreased slightly to RMB 245,017,021.16 from RMB 247,982,112.90, reflecting a decline of approximately 1.19%[15] - Total liabilities rose to RMB 281,726,540.09 from RMB 263,043,867.89, marking an increase of around 7.06%[16] - The total equity attributable to shareholders was RMB 475,604,845.01, a slight decrease from RMB 476,456,758.25, showing a decline of about 0.18%[16] - The total current liabilities increased to RMB 270,834,832.24 from RMB 252,418,852.69, reflecting an increase of approximately 7.29%[16] - The total owner's equity increased to RMB 529,774,097.35 from RMB 525,361,843.86, showing a growth of approximately 0.78%[16] Inventory and Prepayments - Prepayments surged by 2,424.48% to CNY 29,535,461.62 due to increased base area[11] - Inventory decreased by 56.88% to CNY 61,022,634.27 as a result of sales[11] - The company reported a decrease in inventory from RMB 141,520,557.39 to RMB 61,022,634.27, a significant reduction of about 56.92%[14] Shareholder Information - The number of shareholders reached 37,056 by the end of the reporting period[9] Research and Development - Research and development expenses for Q3 2019 amounted to CNY 2,880,587.31, slightly down from CNY 2,939,340.06 in Q3 2018[22] - Research and development expenses for the first three quarters of 2019 were significantly higher at CNY 3,429,979.92 compared to CNY 2,462,890.86 in the same period of 2018, marking an increase of approximately 39.3%[27] Earnings and Losses - Net profit for Q3 2019 reached CNY 9,781,173.39, a decrease from CNY 42,358,398.36 in Q3 2018, reflecting a decline of 77%[24] - Earnings per share (EPS) for Q3 2019 was CNY 0.039, down from CNY 0.169 in Q3 2018, a decrease of 77%[24] - The basic earnings per share for Q3 2019 was CNY -0.003, compared to CNY -0.0024 in Q3 2018, reflecting a decline in earnings performance[28] - For the first three quarters of 2019, the net loss totaled CNY 3,289,709.51, compared to a net loss of CNY 2,358,259.27 in the same period of 2018, indicating a 39.4% increase in loss year-over-year[28] - In Q3 2019, the company reported a net loss of CNY 612,668.61, compared to a net loss of CNY 543,418.89 in Q3 2018, representing a year-over-year increase in loss of approximately 12.76%[27]