中水渔业(000798) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue decreased by 32.45% to CNY 112,998,928.28 for the current period, and by 40.45% to CNY 265,736,251.74 year-to-date[7] - Net profit attributable to shareholders was CNY -12,804,257.78, a decline of 122.16% for the current period, and CNY -55,794,621.85, a decline of 548.85% year-to-date[7] - Basic and diluted earnings per share were both CNY -0.0401, down 122.17% for the current period, and CNY -0.1747, down 549.10% year-to-date[7] - Total operating revenue for Q3 2020 was ¥112,998,928.28, a decrease of 32.4% compared to ¥167,280,519.45 in the same period last year[35] - Net profit for Q3 2020 was a loss of ¥13,579,833.44, compared to a profit of ¥56,053,050.16 in Q3 2019, representing a significant decline[36] - Total operating revenue for the period was CNY 265,736,251.74, a decrease of 40.5% compared to CNY 446,246,961.24 in the previous period[40] - Net profit for the period was a loss of CNY 58,004,505.69, compared to a profit of CNY 9,259,637.43 in the same period last year[41] - The company reported a total comprehensive income of -59,594,029.05, contrasting with a comprehensive income of 12,329,253.53 in the prior year[41] Cash Flow - Net cash flow from operating activities decreased by 43.62% to CNY 42,686,908.12 for the current period, and by 230.22% to CNY -57,805,137.22 year-to-date[7] - The net cash flow from operating activities for the period was -57,805,137.22 CNY, a decrease from 44,390,028.22 CNY in the previous period, indicating a significant decline in operational performance[46] - Total cash inflow from operating activities was 423,169,826.76 CNY, down 23.4% from 552,057,826.64 CNY year-on-year[46] - Cash outflow from operating activities totaled 480,974,963.98 CNY, a decrease of 5.3% compared to 507,667,798.42 CNY in the previous period[46] - The net cash flow from investment activities was -105,903,433.83 CNY, worsening from -11,105,215.05 CNY in the previous period[48] - The net cash flow from financing activities was 191,367,835.18 CNY, compared to -26,910,456.31 CNY in the previous period, indicating a strong recovery in financing[48] Assets and Liabilities - Total assets increased by 14.35% to CNY 1,286,157,527.05 compared to the end of the previous year[7] - The total liabilities of the company were CNY 533,443,421.09, compared to CNY 312,417,024.53 at the end of 2019, marking an increase of around 70.73%[31] - The company's short-term borrowings increased by 708.47% year-on-year to CNY 148.14 million, mainly due to increased working capital loans[15] - The company's inventory increased by 30.66% year-on-year to CNY 276.43 million, attributed to unsold fish products due to the pandemic[15] - The company's total equity decreased to CNY 752,714,105.96 from CNY 812,308,135.01, indicating a decline of approximately 7.35%[31] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,923[10] - The top three shareholders held a combined 59.18% of the shares, with China Agricultural Development Group Co., Ltd. holding 25.36%[10] - The company’s major shareholder, China Agricultural Development Group, committed to avoid competition with the company and has been working on integrating its fishing assets[19] Government Support and Other Income - The company received government subsidies amounting to CNY 71.20 million during the reporting period, with CNY 44.00 million recognized as other income, which is a decrease compared to the previous year[16] - Non-operating income and expenses totaled CNY 510,426.04, primarily from non-current asset disposal gains[8] - The company did not have any non-recurring gains or losses classified as regular income during the reporting period[8] Operational Challenges - The company's operating revenue for the first nine months decreased by 40.45% year-on-year to CNY 265.74 million, primarily due to the impact of the pandemic leading to unsold fish products and a significant drop in sales prices[15] - The company is closely monitoring the bankruptcy proceedings of its subsidiary, Xinyangzhou, which was taken over by a bankruptcy administrator in December 2017[19] - The company plans to focus on cost control and operational efficiency to navigate the challenging market conditions ahead[35] Investment and Financial Management - The company has not engaged in any securities or derivative investments during the reporting period[20][21] - There are no significant contracts or fundraising projects reported for the current period[22] - The company has not conducted any entrusted financial management during the reporting period[23] - There are no violations regarding external guarantees reported for the current period[24] - The company has not reported any non-operating fund occupation by its major shareholders or related parties[25]