NWF(SH:600975)2022-10-28 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥1,359,648,564.22, representing a year-on-year increase of 180.04%[6] - The net profit attributable to shareholders for the same period was ¥24,902,087.65, while the net profit for the year-to-date was -¥151,797,468.76[6] - The net profit after deducting non-recurring gains and losses for Q3 2022 was ¥27,578,086.87, with a year-to-date figure of -¥223,005,896.94[10] - Total operating revenue for Q3 2022 reached ¥2,547,017,823.32, a significant increase of 75% compared to ¥1,453,929,997.30 in the same period of 2021[35] - Net profit for Q3 2022 was a loss of ¥146,549,596.27, compared to a loss of ¥99,130,738.14 in Q3 2021, indicating a worsening of 48%[38] - The net profit for the first three quarters of 2022 was a loss of approximately ¥127.74 million, compared to a loss of ¥91.79 million in the same period of 2021, indicating a deterioration in profitability[55] Assets and Liabilities - Total assets at the end of Q3 2022 were ¥6,323,602,926.62, an increase of 16.96% compared to the end of the previous year[10] - The company's total assets amounted to approximately CNY 6.32 billion, an increase from CNY 5.41 billion as of December 31, 2021, representing a growth of about 16.9%[29] - The company's total liabilities amounted to approximately CNY 2.99 billion, reflecting a decrease from CNY 3.06 billion in the previous year[29] - The total liabilities increased to ¥4,222,421,276.48 in Q3 2022 from ¥3,175,748,652.24 in Q3 2021, marking an increase of 33%[35] - The total liabilities increased to approximately ¥2.99 billion in 2022 from ¥2.37 billion in 2021, reflecting a growth of 26.3%[52] Equity and Shareholder Information - The equity attributable to shareholders decreased by 7.14% to ¥1,975,597,937.23 compared to the end of the previous year[10] - The company's total equity decreased to ¥2,101,181,650.14 in Q3 2022 from ¥2,230,881,246.41 in Q3 2021, a decline of 6%[35] - The company reported a total equity of approximately ¥2.17 billion in 2022, down from ¥2.30 billion in 2021, indicating a decrease of 5.6%[52] - The total number of ordinary shareholders at the end of the reporting period was 68,795[15] Cash Flow - The company reported a net cash flow from operating activities of -¥174,693,334.30 year-to-date[10] - The company reported a net cash inflow from operating activities of ¥2,643,193,208.16 for the first three quarters of 2022, compared to ¥1,572,139,390.63 in the same period of 2021, representing a 68% increase[40] - The company's cash flow from operating activities showed a net outflow of approximately ¥199.99 million, an improvement from a net outflow of ¥283.54 million in the same period of 2021[58] - The company's cash and cash equivalents were approximately CNY 345.53 million, down from CNY 833.41 million, indicating a decrease of about 58.5%[26] Investment and Financing Activities - The company plans to acquire 100% equity of Hunan Tianxin Seed Industry Co., Ltd. and several other agricultural companies, with the transaction submitted to the China Securities Regulatory Commission for approval[22] - The company has suspended the review of its restructuring application due to the expiration of audited financial data but has since resumed the application process[23] - The company's short-term borrowings decreased to approximately CNY 558.56 million from CNY 714.83 million, a reduction of about 21.8%[29] - Financing cash inflow was approximately $1.04 billion, down from $1.46 billion in the previous year[46] - Net cash flow from financing activities was negative $44.10 million, a decline from a positive $510.21 million year-over-year[46] Research and Development - Research and development expenses for Q3 2022 amounted to ¥13,466,324.91, which is a 45% increase from ¥9,294,906.95 in Q3 2021[35] - Research and development expenses increased to approximately ¥12.69 million in 2022 from ¥9.13 million in 2021, marking a rise of 39.5%[52] Financial Expenses - The company experienced a significant increase in financial expenses, which rose to ¥91,401,345.11 in Q3 2022 from ¥40,958,436.68 in Q3 2021, an increase of 123%[35] - The company incurred financial expenses of approximately ¥64.27 million in 2022, up from ¥33.26 million in 2021, reflecting an increase of 93.5%[52]