Wellhope(SH:603609)2021-10-28 16:00Financial Performance - The company's revenue for Q3 2021 was ¥8,119,870,556.88, representing a year-over-year increase of 15.84%[7] - The net profit attributable to shareholders was -¥203,165,870.99, a decrease of 163.06% compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥199,562,495.31, down 162.92% year-over-year[7] - The basic earnings per share for the current period was -¥0.22, a decrease of 162.86% compared to the same period last year[11] - The company reported a significant decrease in profits from its pig and poultry industries, which was the main reason for the decline in net profit[12] - The company's operating revenue for the current period was 20,496,103,856.61 CNY, compared to 15,254,503,331.16 CNY in the previous period, reflecting an increase of approximately 34.5%[28] - The net profit for the current period was -27,941,849.57 CNY, a significant decrease from the previous net profit of 1,038,005,536.19 CNY[28] - The total profit for the current period was 91,748,812.34 CNY, down from 1,151,298,269.01 CNY in the previous period, indicating a decline of approximately 92%[28] - The company reported a total comprehensive income of -38,295,451.26 CNY, contrasting sharply with 1,031,175,708.30 CNY from the previous period[30] Assets and Liabilities - The total assets at the end of the reporting period were ¥13,039,532,112.83, an increase of 11.96% from the end of the previous year[11] - As of September 30, 2021, total assets amounted to RMB 13,039,532,112.83, up from RMB 11,646,508,203.99 at the end of 2020, reflecting a growth of approximately 11.9%[24] - Current assets totaled RMB 5,541,851,081.86 as of September 30, 2021, compared to RMB 4,790,092,495.07 at the end of 2020, marking an increase of about 15.7%[21] - Total liabilities reached RMB 5,498,522,713.20, compared to RMB 3,744,806,652.79 in the previous year, indicating an increase of approximately 46.9%[24] - The company's equity attributable to shareholders was RMB 6,464,001,711.86, down from RMB 6,752,397,489.35 at the end of 2020, a decrease of about 4.3%[24] - Long-term liabilities increased significantly due to the introduction of lease liabilities amounting to 141,984,707.06[40] - The total current liabilities increased slightly from 3,110,292,424.22 to 3,128,324,208.78, a rise of 0.69%[40] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥222,524,756.66, a decrease of 178.68% compared to the same period last year[7] - The cash flow from operating activities showed a net outflow of -222,524,756.66 CNY, compared to a net inflow of 282,805,713.73 CNY in the previous period[31] - The company's investment activities resulted in a net cash outflow of -730,002,182.81 CNY, compared to -863,635,618.41 CNY in the previous period[34] Shareholder Information - The company had a total of 36,136 common shareholders at the end of the reporting period[15] - The top shareholder, Jin Weidong, held 16.22% of the shares, amounting to 149,549,498 shares[15] Cost and Expenses - Total operating costs for the first three quarters of 2021 were RMB 21,433,147,638.23, compared to RMB 15,939,503,361.92 in the previous year, indicating an increase of about 34.5%[26] - Research and development expenses increased to 67,780,501.57 CNY from 52,389,481.21 CNY, marking a rise of about 29.4%[28] - The company incurred financial expenses of 73,006,424.05 CNY, up from 48,452,460.18 CNY, representing an increase of approximately 50.8%[28] Market Strategy - The company is focusing on expanding its market presence and enhancing product development strategies to drive future growth[26] Financial Reporting Changes - The company adopted new leasing standards effective January 1, 2021, impacting financial reporting[40]