*ST正邦(002157) - 2023 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2023 was ¥1,633,248,173.19, a decrease of 50.48% compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2023 was -¥824,577,030.34, representing a 75.45% increase in loss compared to the previous year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥736,061,578.44, a 75.68% increase in loss year-over-year[3]. - The basic earnings per share for Q3 2023 was -¥0.2323, a 78.33% increase in loss compared to the previous year[3]. - Total operating revenue for Q3 2023 was CNY 5,785,649,051.58, a decrease of 56.7% compared to CNY 13,375,513,543.92 in the same period last year[25]. - The company reported a net loss attributable to shareholders of CNY -10,121,203,327.37, compared to a loss of CNY -8,730,575,914.92 in the previous year[24]. - The net profit for Q3 2023 was -2,941,078,989.50 CNY, compared to -8,383,437,078.14 CNY in the same period last year, showing an improvement[26]. - The total comprehensive income attributable to the parent company was -2,827,859,270.06 CNY, compared to -7,665,616,161.77 CNY in the previous year[27]. - Basic and diluted earnings per share were both -0.7939 CNY, improving from -2.4395 CNY year-over-year[27]. - The company incurred a total operating loss of -2,735,047,053.67 CNY, compared to -7,769,143,341.96 CNY in the previous year[26]. - The total profit for the period was -2,933,829,393.36 CNY, an improvement from -8,375,738,444.22 CNY year-over-year[26]. Assets and Liabilities - The total assets as of September 30, 2023, were ¥20,896,842,737.42, down 10.92% from the end of the previous year[3]. - The company's equity attributable to shareholders was -¥10,121,203,327.37, a decrease of 15.93% compared to the end of the previous year[3]. - The company’s total assets decreased to CNY 20,896,842,737.42 from CNY 23,459,107,708.73 year-over-year[24]. - Non-current assets totaled CNY 17,990,787,434.12, a decrease from CNY 19,237,977,238.23 year-over-year[24]. - Current liabilities increased to CNY 28,447,050,933.64 from CNY 27,483,953,341.71 in the previous year[24]. - The company’s total liabilities amounted to CNY 33,980,615,534.57, down from CNY 34,815,476,604.94 year-over-year[24]. - The company’s long-term borrowings decreased to CNY 1,677,794,624.47 from CNY 2,148,006,999.02 in the previous year[24]. - The company experienced a 56.74% decline in total operating income for the year-to-date, totaling ¥5,785,649,051.58[6]. Cash Flow and Investments - The cash flow from operating activities for the year-to-date was -¥640,384,052.05, an improvement of 76.28% compared to the same period last year[3]. - Cash flow from operating activities was -640,384,052.05 CNY, an improvement from -2,700,114,420.57 CNY in the same period last year[28]. - The company experienced a net cash outflow from investing activities of -336,102,957.27 CNY, compared to -455,501,774.09 CNY in the previous year[29]. - Total cash inflow from financing activities was 1,108,572,197.47 CNY, compared to 10,508,952,609.57 CNY in the previous year[29]. - As of September 30, 2023, the company's cash and cash equivalents decreased to ¥488,219,662.24 from ¥783,797,683.11 at the beginning of the year, representing a decline of approximately 37.7%[22]. - The company’s cash and cash equivalents were reported at CNY 20,968,903.97, unchanged from the previous period[23]. - Cash and cash equivalents at the end of the period were 260,544,634.17 CNY, down from 277,857,465.61 CNY year-over-year[29]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 148,718, with the top 10 shareholders holding a combined 57.74% of shares[7]. - Zhengbang Group Co., Ltd. holds 19.31% of shares, amounting to 694,732,439 shares, with 668,355,935 shares pledged or frozen[7]. - Jiangxi Yonglian Agricultural Holdings Co., Ltd. holds 15.52% of shares, totaling 558,400,929 shares, with 558,153,780 shares pledged[7]. - The company has a total of 303,951,367 shares with restricted conditions held by Zhengbang Group Co., Ltd.[7]. - The controlling shareholder's stake was diluted from 41.14% to 38.33% due to the conversion of convertible bonds, exceeding a 1% change[21]. Restructuring Process - The company is undergoing restructuring, with the Nanchang Intermediate People's Court accepting the restructuring application on July 20, 2023[9]. - The restructuring investor selection committee confirmed the Twin-Tail Xinda Consortium as the selected investor on July 24, 2023[9]. - The company signed a restructuring investment agreement with the investor on August 4, 2023[9]. - The company is permitted to continue operations during the restructuring period under the supervision of the appointed manager[9]. - The first creditors' meeting is scheduled for September 27, 2023, for creditors to declare their claims[9]. - The first creditors' meeting for the restructuring was scheduled for September 27, 2023, with voting deadlines set for October 20, 2023[11]. - The restructuring plan draft was updated and submitted to the Nanchang Intermediate Court and creditors by September 21, 2023[13]. - The second creditors' meeting for the restructuring of the controlling shareholder was held on September 25, 2023, with a 100% approval rate for the equity adjustment plan[13]. - The restructuring plan submission deadline for the subsidiary was extended to September 18, 2023[14]. - The company announced that the second creditors' meeting for its subsidiary was scheduled for September 15, 2023[15]. - The restructuring plan's approval was supported unanimously by the sole investor in the restructuring group, with a 100% approval rate[16]. - The second creditors' meeting for the restructuring plan was postponed to September 27, 2023, to ensure effective coordination with the restructuring of the company[16]. Regulatory and Compliance - The company received a notice from the Jiangxi Securities Regulatory Bureau regarding corrective measures taken against the company and its controlling shareholder on September 19, 2023[17]. - The company received confirmation from Shenzhen Yuntu and Guomao Industrial Fund regarding the subscription of 25 million and 45.85 million shares, respectively, as part of the restructuring investment agreement[10]. - The credit rating for the company and its convertible bonds was downgraded to CC by Dongfang Jincheng International Credit Rating Co., Ltd. on August 4, 2023[20]. Research and Development - The company reported a significant reduction in R&D expenses, which amounted to ¥8,979,512.64, down 94.99% year-over-year[6]. - Research and development expenses for Q3 2023 were CNY 8,979,512.64, significantly lower than CNY 179,368,250.09 in the same quarter last year[25].