丰乐种业(000713) - 2023 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2023 was ¥640,549,059.93, representing a 0.24% increase year-over-year, while the year-to-date revenue was ¥1,918,457,175.56, showing a decrease of 0.44% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2023 was -¥23,472,663.14, a significant decline of 116.54% year-over-year, with a year-to-date net profit of -¥25,283,396.39, reflecting a drastic decrease of 643.14%[5]. - The basic and diluted earnings per share for Q3 2023 were both -¥0.0382, marking a decline of 115.82% compared to the same period last year[5]. - Total operating revenue for the third quarter was CNY 1,918,457,175.56, a slight decrease of 0.4% compared to CNY 1,926,946,188.25 in the same period last year[25]. - The company reported an operating loss of CNY 29,468,266.91, compared to an operating profit of CNY 11,623,770.88 in the previous year[25][26]. - Net profit for the quarter was a loss of CNY 30,807,953.22, compared to a net profit of CNY 3,941,664.66 in the same quarter last year[26]. - The company's total equity decreased to CNY 1,981,261,778.16 from CNY 2,024,236,175.53 year-on-year[23]. - Basic and diluted earnings per share were both reported at -0.0412, compared to 0.0076 in the same quarter last year[26]. Assets and Liabilities - Total assets at the end of Q3 2023 amounted to ¥3,283,057,535.02, which is a 12.28% increase from the end of the previous year[5]. - The company's total liabilities increased to CNY 1,301,795,756.86, up from CNY 899,750,530.12 year-on-year[23]. - Current liabilities totaled CNY 1,134,112,458.86, a significant increase from CNY 793,533,837.86 in the previous year[23]. - The company's current assets amounted to RMB 1,890.66 million as of September 30, 2023, compared to RMB 1,552.90 million at the start of the year, reflecting a significant increase[22]. Cash Flow - The company's cash flow from operating activities for the year-to-date period was ¥109,057,372.85, down 59.67% compared to the previous year[8]. - The total cash inflow from operating activities for the period was CNY 1,992,303,758.66, compared to CNY 1,959,138,837.07 in the previous period, reflecting a slight increase[27]. - The net cash flow from operating activities decreased to CNY 109,057,372.85 from CNY 270,421,353.14 year-over-year, indicating a decline of approximately 59.7%[27]. - Cash inflow from investment activities totaled CNY 994,151,201.44, down from CNY 1,330,380,207.81 in the previous period, representing a decrease of about 25.2%[27]. - The net cash flow from investment activities was negative at CNY -124,580,078.86, compared to CNY -355,960,437.79 in the previous period, showing an improvement[27]. - Cash inflow from financing activities was CNY 119,247,186.60, significantly lower than CNY 620,759,903.23 in the previous period, a decrease of approximately 80.8%[28]. - The ending balance of cash and cash equivalents was CNY 163,240,402.39, compared to CNY 69,528,932.00 in the previous period, showing an increase[28]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 74,313[10]. - The largest shareholder, Hefei Construction Investment Holding (Group) Co., Ltd., holds 29.24% of shares, totaling 179,542,902 shares[10]. - The second-largest shareholder, China Construction Bank, holds 1.48% of shares, totaling 9,065,500 shares[10]. - The company has a total of 10 major shareholders, with the top 10 holding significant stakes in the company[10]. Corporate Developments - The company has terminated the planned change of control with the central enterprise Rural Industry Fund Company, which was to acquire 20.00% of shares[14][15]. - The company has resolved legal disputes that previously led to the freezing of bank accounts and assets, with all measures lifted as of December 8, 2022[12][13]. - Hefei Fengle Seed Industry Co., Ltd. signed a framework agreement with China National Development Investment Corporation to transfer 122,802,996 shares, representing 20.00% of Fengle Seed's total shares, for a transaction amount of RMB 1,094.17 million[16]. - The company appointed new directors and elected Huang Huimin as the chairman of the board on March 15, 2023, following the resignation of previous board members[17]. - The company completed the registration of changes and reissued its business license after amending its articles of association in June 2023[20]. Research and Development - Research and development expenses rose to CNY 51,124,567.41, an increase from CNY 48,457,289.41 year-on-year[25]. - The company has not disclosed any new product developments or technological advancements in the current report[11]. Market and Future Outlook - There are no indications of market expansion or mergers and acquisitions in the latest financial report[11]. - The company has not provided specific future guidance or performance outlook in the current report[11]. - The report indicates that there are no known related party relationships among the major shareholders[11].