登海种业(002041) - 2019 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was ¥60,284,826.84, representing a 79.30% increase year-on-year[8]. - Net profit attributable to shareholders was -¥19,090,663.84, a decrease of 32.61% compared to the same period last year[8]. - Basic earnings per share were -¥0.0217, a decrease of 32.61% compared to the same period last year[8]. - The company's net profit attributable to shareholders increased by 118.48% year-on-year, driven by profit growth at the parent company[18]. - The net profit for the current period was a loss of ¥57,654,933.31, worsening from a loss of ¥41,968,562.52 in the previous period[41]. - The company reported an operating profit of ¥28,382,205.57, a recovery from a loss of ¥10,189,309.02 in the prior period[44]. - The total comprehensive income for the current period was a loss of ¥57,654,933.31, compared to a loss of ¥41,968,562.52 in the previous period[42]. - Net profit for the period was a loss of ¥64,615,577.76, compared to a loss of ¥28,751,227.68 in the same period last year, indicating a deterioration in profitability[49]. - The company’s total profit for the period was a loss of ¥64,045,114.58, compared to a loss of ¥39,478,498.04 in the previous period, indicating a worsening financial position[49]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,808,984,832, an increase of 1.34% compared to the previous year[8]. - The company's total equity decreased to CNY 3,114,115,802.42 from CNY 3,264,681,380.18, reflecting a decline of approximately 4.6%[33]. - Current liabilities rose to CNY 674,807,735.39, compared to CNY 452,273,243.41, indicating an increase of about 49.3%[32]. - The total liabilities increased to CNY 694,869,029.58 from CNY 493,795,800.63, representing a growth of approximately 40.7%[32]. - The company's total liabilities to equity ratio is approximately 15.1%[67]. - Total liabilities amounted to CNY 262,973,403.20, with non-current liabilities at CNY 28,046,722.09[71]. Cash Flow - The net cash flow from operating activities was ¥252,604,862.62, an increase of 162.93% year-on-year[8]. - Net cash inflow from operating activities increased by ¥311,621,338.01 compared to the same period last year, primarily due to increased cash received from sales[18]. - Cash flow from operating activities was ¥570,594,997.43, significantly higher than ¥380,019,163.54 in the previous period, indicating improved cash generation[56]. - The net cash flow from operating activities for Q3 2019 was ¥202,317,391.21, a significant improvement compared to a negative cash flow of ¥109,303,946.80 in the same period last year[57]. - The net cash flow from investment activities was ¥96,325,704.17, a decrease from ¥788,104,440.91 year-over-year[58]. Research and Development - Research and development expenses grew by 59.97% year-on-year, reflecting the company's commitment to enhancing breeding technology research and reserves[17]. - Research and development expenses increased significantly to ¥54,900,891.06, up 60.5% from ¥34,319,465.80 in the previous period[47]. - The company plans to establish a research and development base for silage corn and field corn in the Yangling Agricultural High-tech Industry Demonstration Zone, covering an area of 117 acres[19]. Shareholder Information - The company reported a total of 68,010 common shareholders at the end of the reporting period[12]. - The largest shareholder, Laizhou Agricultural Science Institute, holds 53.21% of the shares, amounting to 468,223,255 shares[12]. Government Support - The company received government subsidies amounting to ¥9,231,234.95 during the reporting period[9]. Inventory and Prepayments - Cash and cash equivalents increased by 99.51% compared to the beginning of the period, primarily due to an increase in advance payments for corn seed sales for the 2019-2020 season[16]. - Prepayments increased by 370.99% compared to the beginning of the period, mainly due to increased production funding for seed production bases[16]. - The company reported a significant increase in prepayments, which rose to CNY 53,784,240.89 from CNY 6,384,522.59, an increase of about 740.5%[35]. Asset Management - The company disposed of assets, resulting in a 730.01% increase in asset disposal income compared to the same period last year[17]. - The company experienced an asset impairment loss of ¥51,614,429.53, compared to a loss of ¥1,899,863.64 in the previous period, highlighting increased asset risk[49].