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万向德农(600371) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 was CNY 34,907,595.71, a decrease of 10.43% compared to the same period last year[4]. - The net profit attributable to shareholders was CNY 5,710,240.61, down 5.32% year-on-year, while the net profit after deducting non-recurring gains and losses decreased by 49.31% to CNY 5,573,888.52[4][7]. - Total revenue for the first three quarters of 2021 was ¥155,359,369.02, a decrease of 5.6% compared to ¥164,612,438.87 in the same period of 2020[20]. - Net profit attributable to shareholders for the first three quarters of 2021 was ¥23,385,276.17, a decline of 43.4% from ¥41,331,531.38 in the same period of 2020[21]. - The total comprehensive income for Q3 2021 was CNY 26,314,671.70, a decrease of 43.1% compared to CNY 46,202,523.35 in Q3 2020[22]. - Basic and diluted earnings per share for Q3 2021 were CNY 0.0799, down from CNY 0.141 in Q3 2020, representing a decline of 43.3%[22]. Cash Flow - The net cash flow from operating activities for the year-to-date period increased by 107.27% to CNY 110,022,544.98, primarily due to an increase in advance payments for seeds[7]. - Net cash flow from operating activities for the first three quarters of 2021 was CNY 110,022,544.98, an increase of 107.5% compared to CNY 53,080,978.67 in the same period of 2020[24]. - Cash inflow from operating activities totaled CNY 185,367,268.61, up 25.2% from CNY 148,060,721.36 in the first three quarters of 2020[24]. - Cash outflow from operating activities decreased to CNY 75,344,723.63, down 20.8% from CNY 94,979,742.69 in the same period last year[24]. - The net cash flow from investing activities was negative CNY 1,847,000.00, a significant decline from a positive CNY 14,921,411.28 in the first three quarters of 2020[25]. - Cash and cash equivalents at the end of Q3 2021 stood at CNY 431,882,261.28, slightly down from CNY 434,425,774.84 at the end of Q3 2020[25]. Assets and Liabilities - Total assets as of the end of the reporting period were CNY 759,901,489.86, reflecting a slight increase of 1.83% from the end of the previous year[5]. - The company's total assets as of September 30, 2021, amounted to ¥759,901,489.86, an increase from ¥746,279,032.47 at the end of 2020[15]. - Current assets totaled ¥536,567,140.77 as of September 30, 2021, compared to ¥513,252,399.03 at the end of 2020, indicating a growth of approximately 4.2%[14]. - The total liabilities as of September 30, 2021, were ¥192,463,047.05, up from ¥168,897,461.36 at the end of 2020, marking an increase of approximately 13.9%[16]. - The total liabilities amounted to CNY 161,237,646.52, remaining stable compared to the previous reporting period[29]. - Total liabilities amounted to 168,897,461.36, with non-current liabilities at 7,659,814.84[30]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 41,099[10]. - The largest shareholder, Wanxiang San Nong Group Co., Ltd., held 48.76% of the shares, totaling 142,650,135 shares[10][11]. - The equity attributable to shareholders decreased by 1.12% to CNY 516,292,711.81 compared to the end of the previous year[5]. - Total equity attributable to shareholders reached 522,165,235.64, with retained earnings of 137,651,677.75[30]. - Total equity, including minority interests, was 577,381,571.11[30]. Operational Insights - The company did not report any significant new product developments or market expansion strategies during this quarter[12]. - The company has not disclosed any new product developments or market expansion strategies in this report[31]. - No mergers or acquisitions were mentioned in the conference call[31]. - The company did not provide specific future guidance or performance outlook in this report[31].