华英农业(002321) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 was ¥1,008,574,277.37, representing a 13.81% increase year-over-year[3]. - The net profit attributable to shareholders was -¥61,432,419.74, a 48.91% increase in losses compared to the same period last year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥81,956,252.66, reflecting a 49.29% increase in losses year-over-year[3]. - For the first three quarters of 2021, the total operating revenue was CNY 2,286,258,718.91, up from CNY 2,235,745,269.12 in the same period of 2020, indicating a growth of approximately 2.27%[27]. - The net loss for the third quarter of 2021 was CNY 205,807,367.60, compared to a net loss of CNY 548,314,442.02 in the same quarter of the previous year, showing an improvement of approximately 62.5%[28]. - The total comprehensive income attributable to the parent company was -225,774,197.05 CNY, compared to -469,965,362.69 CNY in the previous period, indicating an improvement[29]. - Basic and diluted earnings per share were both -0.4226 CNY, an improvement from -0.8772 CNY in the previous period, indicating a reduction in losses per share[29]. Assets and Liabilities - The total assets at the end of the reporting period were ¥7,071,780,761.51, a decrease of 1.43% compared to the end of the previous year[3]. - The company's total liabilities increased to CNY 5,357,741,663.22 from CNY 5,168,122,474.38, representing an increase of about 3.66%[25]. - The total equity attributable to the parent company decreased to CNY 1,335,252,938.17 from CNY 1,561,027,135.23, reflecting a decline of approximately 14.5%[25]. - The company's equity totaled CNY 2,006,369,218.15, with shareholders' equity attributable to the parent company at CNY 1,561,027,135.23[38]. - The company has long-term equity investments amounting to CNY 185,212,806.98 and fixed assets valued at CNY 2,058,417,307.20[36]. - The company reported a significant amount of inventory valued at CNY 435,500,931.79[36]. Cash Flow - Cash flow from operating activities for the year-to-date was ¥131,950,000.25, showing a 13.18% increase[3]. - The net cash flow from operating activities was 131,950,000.25 CNY, up from 116,582,452.71 CNY in the previous period, reflecting a positive trend in operational efficiency[32]. - The cash inflow from operating activities totaled 2,901,565,732.97 CNY, compared to 2,758,543,970.25 CNY in the previous period, showing a year-over-year increase[31]. - The net cash flow from investing activities was -14,567,326.54 CNY, an improvement from -326,726,173.06 CNY in the previous period, indicating better investment management[33]. - The net cash flow from financing activities was -158,081,047.81 CNY, compared to -25,934,376.06 CNY in the previous period, suggesting increased financial pressure[33]. - The company received 2,387,111,059.52 CNY in cash from sales of goods and services, compared to 2,297,978,443.12 CNY in the previous period, marking a growth in revenue generation[31]. - The cash outflow for purchasing goods and services was 2,420,099,791.39 CNY, an increase from 2,349,874,629.04 CNY in the previous period, indicating rising costs[32]. - The company reported a tax refund of 25,202,624.80 CNY, down from 71,441,722.78 CNY in the previous period, reflecting changes in tax recovery[32]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 39,424[13]. - The largest shareholder, Henan Huaying Poultry Industry Co., Ltd., holds 10.73% of shares, totaling 57,339,334 shares[13]. - The second-largest shareholder, Henan Agricultural Investment Jin Control Co., Ltd., holds 5.54% of shares, totaling 29,604,882 shares[13]. - The top ten shareholders hold a significant portion of shares, with the first three shareholders collectively owning 21.75% of the total shares[13]. Corporate Actions and Risks - The company signed a strategic cooperation framework agreement with Shanghai New Ding Asset Management Co., Ltd. on January 14, 2021, to establish a strategic partnership for long-term cooperation[14]. - On June 16, 2021, the company signed a restructuring investment intention agreement with Shanghai New Ding, aiming to restore profitability and reduce debt burden[15]. - The company received a notice from creditor Huaihua Ruihua Supply Chain Management Co., Ltd. on May 12, 2021, applying for restructuring due to inability to repay debts[17]. - The court decided to conduct a pre-restructuring process on June 5, 2021, with temporary management appointed[18]. - The temporary management initiated the debt claim notification process on June 10, 2021, requesting creditors to declare their claims by July 15, 2021[19]. - The company is under "delisting risk warning" due to an audit report with no opinion issued for the 2020 financial year[15]. - The company is currently in the pre-restructuring phase, with asset evaluation work nearly completed and awaiting approval processes from relevant departments[21]. Operational Efficiency - The company experienced a 10.26% decrease in operating costs, amounting to a reduction of ¥255,930,000, attributed to lower sales volume[10]. - Management expenses increased by ¥54,830,000, a 52.08% rise, mainly due to higher depreciation and wage provisions[10]. - The company reported a significant decrease in research and development expenses, which fell to CNY 814,270.48 from CNY 1,580,831.37, a reduction of about 48.5%[28]. - The company has a total of CNY 888,493,912.72 in other payables, reflecting potential liquidity concerns[37]. Audit and Compliance - The report indicates that the financial statements have not been audited, which may affect the reliability of the reported figures[40]. - The company is implementing new leasing standards from January 1, 2021, which may impact future financial reporting[39].