巨星农牧(603477) - 2023 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2023 was ¥1,032,172,730.22, representing a year-on-year increase of 4.21%[3] - The net profit attributable to shareholders for Q3 2023 was ¥5,553,172.09, a significant decrease of 96.68% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2023 was ¥16,843,406.47, down 89.75% year-on-year[3] - The basic earnings per share for Q3 2023 was ¥0.0110, reflecting a decrease of 96.67% compared to the same period last year[4] - Total operating revenue for the first three quarters of 2023 reached ¥3,005,862,559.21, an increase of 19.4% compared to ¥2,515,920,687.18 in the same period of 2022[17] - Net profit for the third quarter of 2023 was a loss of ¥343,297,915.90, compared to a loss of ¥96,336,960.38 in the same quarter of 2022[18] - The total comprehensive income for the third quarter of 2023 was -343,972,052.27 CNY, compared to -96,243,837.27 CNY in the same period of 2022, indicating a significant decline[19] - Basic earnings per share for the third quarter of 2023 were -0.68 CNY, compared to -0.19 CNY in the same quarter of 2022[19] Assets and Liabilities - The total assets at the end of Q3 2023 amounted to ¥7,674,839,985.72, an increase of 5.80% from the end of the previous year[4] - The equity attributable to shareholders at the end of Q3 2023 was ¥3,298,530,647.32, a decrease of 10.15% compared to the end of the previous year[4] - The company's total liabilities increased to ¥4,342,940,353.45 in Q3 2023, up from ¥3,543,600,398.10 in Q3 2022, reflecting a growth of 22.6%[16] - Non-current liabilities totaled ¥1,814,886,866.91 in Q3 2023, compared to ¥1,345,055,099.98 in Q3 2022, marking a 35% increase[16] - The company's total current assets of RMB 2,364,632,053.15, down from RMB 2,532,696,603.86, reflecting a decrease of about 6.6%[14] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥84,181,545.10, indicating a significant decline[3] - The net cash flow from operating activities for the first nine months of 2023 was -84,181,545.10 CNY, a decrease from 15,342,248.95 CNY in the previous year[21] - The net cash outflow from investing activities was -770,915,202.45 CNY for the first nine months of 2023, compared to -724,932,523.96 CNY in the previous year[22] - The net cash flow from financing activities for the first nine months of 2023 was 602,311,876.72 CNY, down from 1,204,532,918.95 CNY in the same period of 2022[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 21,693[9] - The company has a significant shareholder, Sichuan Juxing Enterprise Group Co., Ltd., holding 149,498,238 shares, which accounts for 29.54% of the total shares[10] - Sichuan Hebang Investment Group Co., Ltd. holds 103,654,123 shares, representing 20.48% of the total shares, indicating a strong presence in the shareholder structure[10] Operational Insights - The average selling price of pigs decreased compared to the same period last year, while the number of pigs sold increased significantly, impacting profitability[8] - The company received government subsidies amounting to ¥8,506,221.67 year-to-date, which are closely related to its normal business operations[5] - The company is actively involved in the agricultural sector, focusing on expanding its market presence and enhancing product offerings[12] Asset Composition - The company's cash and cash equivalents decreased to RMB 636,570,121.16 from RMB 880,718,854.12, representing a decline of about 27.7% year-over-year[13] - Accounts receivable decreased significantly to RMB 57,596,454.31 from RMB 112,834,891.95, indicating a reduction of approximately 48.9%[14] - Inventory increased to RMB 1,553,175,285.05 from RMB 1,439,604,893.55, showing a growth of about 7.9%[14] - Non-current assets totaled RMB 5,310,207,932.57, up from RMB 4,721,238,525.17, marking an increase of approximately 12.5%[14] - The company reported a significant increase in fixed assets, which rose to RMB 2,055,087,103.34 from RMB 1,926,339,178.57, reflecting a growth of approximately 6.7%[14] Expenses - Total operating costs for the first three quarters of 2023 were ¥3,281,522,588.91, up 27.3% from ¥2,578,578,963.20 in the previous year[17] - Research and development expenses for the first three quarters of 2023 were ¥13,935,080.18, a decrease from ¥15,486,226.25 in the same period of 2022[17] - The company's financial expenses rose to ¥75,865,100.38 in Q3 2023, compared to ¥63,723,925.62 in Q3 2022[18] - The company reported a significant increase in cash paid to employees, totaling 396,152,720.32 CNY in the first nine months of 2023, compared to 263,649,755.27 CNY in the previous year[21] - The company experienced a decrease in cash received from tax refunds, which was 2,113,375.99 CNY in the first nine months of 2023, down from 4,841,671.24 CNY in the same period of 2022[21] - The company reported a cash inflow from the disposal of fixed assets and other long-term assets of 98,629,737.78 CNY in the first nine months of 2023, compared to 55,389,242.12 CNY in the previous year[22]