Wellhope(SH:603609)2023-10-27 16:00Key Financial Data and Operating Performance Key Accounting Data and Financial Indicators In Q3 2023 and year-to-date, the company's operating revenue achieved year-over-year growth, but net profit attributable to shareholders and earnings per share significantly declined, while total assets slightly increased and shareholder equity slightly decreased compared to the end of the previous year Core Financial Indicators for Q3 2023 and Year-to-Date | Indicator | Current Period (Q3, billion yuan) | Year-to-Date (YTD, billion yuan) | YoY Change (YTD) | | :--- | :--- | :--- | :--- | | Operating Revenue | 101.85 | 268.93 | +14.33% | | Net Profit Attributable to Shareholders | 0.65 | 0.40 | -88.69% | | Net Profit Attributable to Shareholders (Excl. Non-recurring) | 0.70 | -0.22 | -106.20% | | Basic EPS (yuan/share) | 0.07 | 0.04 | -89.74% | | Total Assets (Period-end) | 156.83 | 156.83 | +1.88% (vs. prior year-end) | | Total Equity Attributable to Shareholders (Period-end) | 71.62 | 71.62 | -1.03% (vs. prior year-end) | Non-recurring Gains and Losses Items Year-to-date, the company's total non-recurring gains and losses amounted to 61.42 million yuan, primarily composed of government grants, partially offset by gains/losses on disposal of non-current assets and other non-operating expenses Major Non-recurring Gains and Losses Items Year-to-Date | Item | Amount (yuan) | | :--- | :--- | | Gains/Losses on Disposal of Non-current Assets | 23,906,286.67 | | Government Grants Recognized in Current Profit or Loss | 64,738,094.21 | | Other Non-operating Income and Expenses | -17,102,382.96 | | Total | 61,420,253.87 | Analysis of Changes in Key Financial Indicators The company's net profit related indicators, including net profit attributable to the parent, non-recurring net profit, and EPS, significantly declined during the reporting period and year-to-date, primarily due to sluggish market conditions for poultry and live pigs, leading to decreased gross margins and losses in related businesses - The company attributes the significant decline in net profit and earnings per share to sluggish market conditions for poultry and live pigs, resulting in a year-over-year decrease in gross margin for its poultry business and losses in its live pig business8 Shareholder Information Shareholding Status of Shareholders As of the end of the reporting period, the company had 27,419 common shareholders, with a relatively concentrated shareholding among the top ten, including Jin Weidong and Ding Yunfeng as parties acting in concert - At period-end, the company's total number of common shareholders was 27,41910 Top Ten Shareholders' Shareholding Status (Partial) | Shareholder Name | Shareholding Percentage (%) | Share Status | | :--- | :--- | :--- | | Jin Weidong | 16.27 | Pledged | | DE HEUS MAURITIUS | 8.95 | None | | Ding Yunfeng | 8.91 | None | | Shao Caimei | 5.41 | None | | Zhang Tiesheng | 5.26 | None | | Changzhou Heli Venture Capital Partnership | 5.26 | None | - Shareholders Jin Weidong, Ding Yunfeng, Wang Fengjiu, Shao Caimei, and Wang Zhongtao are parties acting in concert Additionally, Jin Weidong is the de facto controller of Changzhou Heli Venture Capital Partnership (Limited Partnership)11 Quarterly Financial Statements Consolidated Balance Sheet As of September 30, 2023, the company's total assets were 15.683 billion yuan, a slight increase of 1.88% from the end of the previous year, while total liabilities rose to 7.437 billion yuan and equity attributable to owners of the parent company slightly decreased to 7.162 billion yuan, with increases in accounts receivable and fixed assets, and a decrease in cash and cash equivalents Major Balance Sheet Item Changes | Item | September 30, 2023 (billion yuan) | December 31, 2022 (billion yuan) | Change | | :--- | :--- | :--- | :--- | | Total Assets | 156.83 | 153.93 | +1.88% | | Total Current Assets | 70.60 | 71.06 | -0.65% | | Total Non-current Assets | 86.22 | 82.88 | +4.03% | | Total Liabilities | 74.37 | 70.37 | +5.68% | | Equity Attributable to Owners of Parent Company | 71.62 | 72.37 | -1.03% | Consolidated Income Statement In the first three quarters of 2023, the company achieved 26.893 billion yuan in total operating revenue, a 14.33% year-over-year increase, but significant increases in total operating costs, a shift from positive to negative investment income, and expanded asset impairment losses led to severe declines in operating profit and net profit, with net profit attributable to the parent company decreasing by 88.69% year-over-year Core Income Statement Data for the First Three Quarters of 2023 | Item | First Three Quarters 2023 (billion yuan) | First Three Quarters 2022 (billion yuan) | YoY Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 268.93 | 235.22 | +14.33% | | Total Operating Costs | 267.77 | 231.93 | +15.45% | | Operating Profit | 0.62 | 4.54 | -86.33% | | Total Profit | 0.89 | 4.38 | -79.68% | | Net Profit Attributable to Owners of Parent Company | 0.40 | 3.50 | -88.69% | Consolidated Cash Flow Statement In the first three quarters of 2023, net cash flow from operating activities turned positive to 127 million yuan, indicating improved cash flow from core operations, but net cash outflows from investing and financing activities led to a 456 million yuan decrease in cash and cash equivalents balance compared to the beginning of the period Overview of Cash Flow Statement for the First Three Quarters of 2023 | Item | First Three Quarters 2023 (billion yuan) | First Three Quarters 2022 (billion yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 1.27 | -2.28 | | Net Cash Flow from Investing Activities | -3.22 | -4.47 | | Net Cash Flow from Financing Activities | -2.62 | 10.59 | | Net Increase/Decrease in Cash and Cash Equivalents | -4.56 | 3.87 |