永安林业(000663) - 2019 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was CNY 217,870,778.66, an increase of 35.68% year-on-year[8]. - Net profit attributable to shareholders was a loss of CNY 13,376,497.25, a decline of 64.59% compared to the same period last year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 15,410,080.41, a decrease of 63.75% year-on-year[8]. - Basic earnings per share were -CNY 0.04, a decrease of 63.64% year-on-year[8]. - The net loss for the current period was CNY 13,434,278.14, a decrease in loss compared to CNY 37,670,471.85 in the previous period[52]. - The total comprehensive loss for the current period was CNY 13,067,349.92, compared to a loss of CNY 36,787,195.54 in the previous period[53]. - Basic and diluted earnings per share were both -0.04, an improvement from -0.11 in the previous period[53]. - The company's total liabilities and equity amounted to CNY 1,889,698,008.89, a decrease from CNY 1,928,658,480.35 in the previous period[52]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,722,293,208.02, a decrease of 2.38% compared to the end of the previous year[8]. - Total assets decreased from CNY 2,788,596,507.63 to CNY 2,722,293,208.02, a decline of approximately 2.37%[44]. - Non-current assets totaled CNY 1,234,831,201.14, down from CNY 1,305,966,701.80, representing a decrease of about 5.43%[44]. - Current liabilities increased to CNY 1,855,929,351.25 from CNY 1,812,276,137.41, an increase of approximately 2.16%[43]. - The company's equity attributable to shareholders decreased from CNY 810,485,745.86 to CNY 773,155,919.39, a decline of approximately 4.6%[44]. - Total liabilities decreased from CNY 1,951,276,951.42 to CNY 1,923,480,334.50, a reduction of about 1.43%[43]. - The total current liabilities represent approximately 65% of total liabilities, highlighting a short-term financial obligation focus[77]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 22,314,384.14, an increase of 122.45% compared to the same period last year[8]. - Cash flow from operating activities was ¥580,617,917.50, compared to ¥549,642,752.08 in the previous period[66]. - The net cash flow from operating activities for Q3 2019 was ¥22,314,384.14, a significant improvement compared to a net outflow of ¥99,405,039.96 in the same period last year[67]. - Total cash inflow from operating activities amounted to ¥627,755,896.71, while cash outflow was ¥605,441,512.57, resulting in a net cash inflow[67]. - The ending balance of cash and cash equivalents was ¥88,059,041.18, down from ¥139,501,910.93 at the end of the previous year[68]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,265[12]. - The largest shareholder, Fujian Yong'an Forestry (Group) Co., Ltd., held 19.27% of the shares, amounting to 64,884,600 shares[12]. - The company reported a total of CNY 21,895,000 in irregular guarantees, which represents 26.74% of the latest audited net assets[35]. Regulatory and Compliance - The company is actively addressing regulatory inquiries from the China Securities Regulatory Commission, indicating a commitment to compliance and transparency[24]. - The company is preparing for its annual shareholder meeting, where key resolutions regarding financial performance and future strategies will be discussed[24]. - The company is focused on improving its financial reporting and addressing any discrepancies identified in previous audits[22]. Performance Commitments - The company has committed to performance compensation agreements for the years 2015, 2016, and 2017, with forecasted net profits of CNY 110.3 million, CNY 135.15 million, and CNY 163.78 million respectively[26]. - If the actual cumulative net profit does not meet the forecasted amounts, the responsible parties will compensate the company with a total of 4,304,773 shares, which will be repurchased and canceled[27]. - The performance compensation obligations will be fulfilled by the responsible parties through share repurchase and cash compensation if necessary[27]. - The company has established a performance compensation agreement to ensure compliance with the profit commitments made during the asset restructuring[26]. Investment and Financing Activities - Cash obtained from loans increased by 82.66% to ¥1,072,200,000.00 from ¥587,000,000.00, indicating a rise in borrowing[18]. - The company received ¥1,072,200,000.00 in cash from borrowings during the financing activities, up from ¥587,000,000.00 in the same quarter last year[68]. - The company incurred financial expenses of ¥50,006,531.07, an increase from ¥44,088,958.37 in the previous period[57].