Aonong Group(SH:603363)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥5,110,026,674.48, a decrease of 22.40% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2023 was -¥480,564,513.73, representing a decline of 561.96% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥548,130,591.64, down 712.32% from the previous year[5]. - The basic earnings per share for Q3 2023 was -¥0.55, a decrease of 523.08% compared to the same period last year[6]. - The diluted earnings per share for Q3 2023 was also -¥0.55, reflecting a decline of 558.33% year-on-year[6]. - Total revenue for the first three quarters of 2023 was CNY 15,176,655,806.29, a decrease of 1.46% compared to CNY 15,402,561,412.98 in the same period of 2022[19]. - Operating profit for the third quarter of 2023 was CNY -1,590,221,799.77, compared to CNY -846,829,607.70 in the same quarter of 2022, indicating a worsening performance[20]. - Net profit for the third quarter of 2023 was CNY -1,533,492,173.17, compared to CNY -753,443,673.40 in the same quarter of 2022, reflecting increased losses[20]. - Total comprehensive income for Q3 2023 was -1,533,950,904.61 RMB, compared to -754,630,583.57 RMB in Q3 2022, reflecting a worsening financial position[21]. Assets and Liabilities - Total assets at the end of the reporting period were ¥16,540,645,664.51, a decrease of 11.36% from the end of the previous year[6]. - The equity attributable to shareholders at the end of the reporting period was ¥1,064,927,980.30, down 57.47% from the end of the previous year[6]. - Non-current assets totaled CNY 12,333,514,344.93 as of the third quarter of 2023, down from CNY 13,545,228,076.88 in the previous year[18]. - Total liabilities amounted to CNY 14,789,293,240.62, a decrease from CNY 15,228,586,319.34 in the previous year[18]. - The total assets as of September 30, 2023, amounted to ¥11,712,220,781.01, an increase from ¥10,255,560,541.71 at the end of 2022[29]. - The total liabilities as of September 30, 2023, were ¥6,983,815,890.92, compared to ¥5,564,820,594.71 at the end of 2022, indicating an increase in financial obligations[28]. - The company's total equity as of September 30, 2023, was ¥4,728,404,890.09, an increase from ¥4,690,739,947.00 at the end of 2022[29]. - The company's total current liabilities included accounts payable of CNY 247,896,663.61 and other payables of CNY 2,729,721,034.18[41]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥661,293,989.95, a significant decrease compared to the previous year[6]. - The net cash flow from operating activities for the first three quarters of 2023 was 661,293,989.95 RMB, a decrease from 18,389,737.10 RMB in the same period of 2022[23]. - The net cash flow from investing activities for Q3 2023 was -387,045,336.01 RMB, compared to -1,324,640,405.78 RMB in Q3 2022, showing an improvement in cash outflow[24]. - The net cash flow from financing activities for Q3 2023 was -698,451,865.36 RMB, a decrease from 1,437,845,422.16 RMB in Q3 2022, indicating reduced cash inflow from financing[24]. - The ending balance of cash and cash equivalents was CNY 9,364,167.33, down from CNY 39,534,549.52 at the end of the previous year[35]. Business Operations - The company reported an increase in pig sales volume compared to the same period last year, but overall pig prices remained low, leading to significant losses in the breeding business[9]. - The feed business maintained a gross profit margin of 6.22%, an increase of 1.58 percentage points compared to 2022[13]. - The company reported an increase in pig output compared to the same period last year, contributing to losses in the pig farming segment due to low market prices[13]. - The company plans to shift its strategy from "volume growth" to "quality improvement," pausing expansion and focusing on operational efficiency[13]. - The company has optimized inefficient farming units, resulting in losses of approximately CNY 380 million due to pig culling and related costs[13]. - The company has temporarily halted new capacity expansions in pig farming to optimize inventory levels[13]. Shareholder Information - The top shareholder, Xiamen Aonong Investment Co., Ltd., holds 30.56% of the shares, with significant pledges on its holdings[12]. - The company is in the process of issuing shares to specific investors, aiming to raise up to CNY 1,426 million for feed and food slaughtering projects[14].