丰乐种业(000713) - 2021 Q3 - 季度财报

Financial Performance - The company's revenue for the third quarter reached ¥498,050,094.06, an increase of 10.61% compared to the same period last year[3] - The net profit attributable to shareholders was -¥28,114,958.69, representing a decrease of 136.99% year-on-year[3] - The basic earnings per share were -¥0.0458, down 69.59% from the previous year[3] - Total operating revenue for the third quarter reached CNY 1,860,165,805.86, an increase from CNY 1,675,833,583.03 in the previous period[22] - The net profit for the third quarter was CNY -5,652,462.05, a significant decrease from CNY 18,899,244.56 in the same period last year[23] - The total comprehensive income attributable to the parent company was -7,148,210.34 CNY, compared to 17,283,631.45 CNY in the previous period[24] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥2,751,529,554.52, reflecting a 3.57% increase from the end of the previous year[4] - The company's total assets increased to CNY 2,751,529,554.52, up from CNY 2,656,602,166.06[21] - Total liabilities rose to CNY 997,646,586.02, compared to CNY 882,305,076.18 in the previous period[20] - The company’s total equity attributable to shareholders decreased by 1.28% to ¥1,691,583,594.61[4] - The total equity attributable to shareholders was CNY 1,691,583,594.61, down from CNY 1,713,493,464.28[21] Cash Flow - Cash flow from operating activities showed a net outflow of -¥13,991,954.02, a decline of 111.56% compared to the same period last year[3] - The net cash flow from operating activities was -13,991,954.02 CNY, a significant decrease from 121,001,224.21 CNY in the previous period[27] - Cash inflow from operating activities totaled 1,679,860,472.45 CNY, slightly down from 1,684,390,041.69 CNY in the previous period[26] - The cash outflow from operating activities was 1,693,852,426.47 CNY, compared to 1,563,388,817.48 CNY in the previous period[27] - The net cash flow from investing activities was 106,516,158.64 CNY, a recovery from -128,218,702.41 CNY in the previous period[27] - Cash inflow from investing activities amounted to 1,002,438,604.06 CNY, up from 942,954,522.91 CNY in the previous period[27] - Cash outflow from financing activities was 447,415,708.74 CNY, compared to 318,707,793.18 CNY in the previous period[28] - The net cash flow from financing activities was -26,456,803.94 CNY, an improvement from -35,781,849.22 CNY in the previous period[28] - The ending cash and cash equivalents balance was 137,386,546.96 CNY, compared to 87,037,336.18 CNY in the previous period[28] Shareholder Information - The total number of common shareholders at the end of the reporting period is 106,111[11] - The largest shareholder, Hefei Construction Investment Holding Group, holds 179,542,902 shares, accounting for 29.24% of the total shares[12] Business Strategy and Investments - The company plans to continue expanding its agricultural business and investing in new technologies to enhance productivity and market reach[3] - The company plans to expand its production capacity with a project to increase the annual output of raw materials to 2,400 tons[14] - The company has completed a capital increase of 105 million RMB for its wholly-owned subsidiary, Fengle Agricultural Chemicals[16] Legal and Compliance Issues - The company has frozen accounts with a total balance of 13,345,769.83 RMB due to legal disputes[13] - The company is actively pursuing legal avenues to protect its interests amid ongoing litigation[13] - The company has not made any adjustments to the financial statements due to the new leasing standards implemented from January 1, 2021[29] Financial Management - The company reported a significant increase in cash received from operating activities, totaling ¥72,528,620.77, up 64.31% year-on-year[9] - The company’s financial expenses decreased by 46.78% to ¥4,084,476.74 due to reduced loan interest[9] - Investment income increased by 71.16% to ¥965,644.54, attributed to higher financial management returns[9] - The company has cash and cash equivalents of 173,532,899.96 RMB as of September 30, 2021, compared to 100,996,545.13 RMB at the end of 2020[18] - The company has a total of 76,390,000 RMB in trading financial assets as of September 30, 2021, down from 195,280,000 RMB at the end of 2020[18] Inventory and Expenses - The inventory level was CNY 764,216,248.31, up from CNY 736,601,246.56 in the previous period[21] - Research and development expenses for the quarter were CNY 27,651,998.74, compared to CNY 25,403,674.87 in the prior year[22] - The company reported a decrease in sales expenses to CNY 82,546,910.74 from CNY 97,113,854.35 in the previous period[22]