大北农(002385) - 2019 Q3 - 季度财报

Financial Performance - Operating revenue for the period was CNY 4.08 billion, representing a decrease of 20.67% year-on-year[4] - Net profit attributable to shareholders was CNY 268.42 million, down 20.25% compared to the same period last year[4] - Basic earnings per share were CNY 0.06, down 25.00% year-on-year[4] - The weighted average return on equity was 2.70%, a decrease of 16.67% compared to the previous year[4] - Total operating revenue for Q3 2019 was CNY 4,081,333,598.61, a decrease of 20.7% compared to CNY 5,144,865,484.55 in the same period last year[32] - Net profit for Q3 2019 was CNY 305,919,216.50, compared to CNY 335,619,750.40 in Q3 2018, indicating a decline of 8.8%[33] - The net profit attributable to the parent company was CNY 302,042,237.04, down 31.5% from CNY 440,585,469.77 year-on-year[41] - The total profit for the quarter was CNY 407,666,185.67, a decline of 25.3% from CNY 545,937,957.54 in the previous year[40] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 18.37 billion, an increase of 1.51% compared to the end of the previous year[4] - The company's total assets decreased to CNY 11,689,777,125.68 from CNY 12,212,800,450.17, a reduction of 4.3%[31] - The total liabilities amounted to CNY 6,839,209,353.95, down from CNY 7,381,368,275.95, indicating a decrease of 7.4%[26] - Current liabilities decreased to CNY 5,306,320,772.60 from CNY 6,437,402,732.84, a reduction of 17.5%[26] - The company's total assets decreased by 12.5% compared to the previous year, reflecting a strategic shift in asset management[40] Cash Flow - Net cash flow from operating activities was CNY 799.07 million, a decrease of 10.17% compared to the previous year[4] - Cash flow from operating activities was CNY 11,988,512,960.99, a decrease from CNY 13,165,003,844.65 in the previous year[45] - The net cash flow from operating activities was 903,688,281.43 CNY, a decrease from 1,440,119,845.58 CNY in the previous period[49] - Total cash inflow from operating activities was 4,295,426,245.57 CNY, down from 7,140,493,264.49 CNY year-on-year[49] - The total cash outflow for operating activities was 3,391,737,964.14 CNY, compared to 5,700,373,418.91 CNY in the previous period[49] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 148,628[7] - The largest shareholder, Shao Genhuo, holds 38.69% of the shares, totaling 1,641,461,553 shares[7] Investment and Expenses - Investment income decreased by CNY 249.18 million, a decline of 80.60%, mainly due to a decrease in equity transfer income[14] - Research and development expenses for Q3 2019 were CNY 94,406,149.76, up from CNY 84,973,235.56, representing an increase of 11.7%[32] - The company reported a decrease in sales expenses to CNY 268,195,688.63 from CNY 381,492,487.44, a reduction of 29.7%[32] - Research and development expenses for the current period are CNY 254,238,176.77, down from CNY 275,447,967.98 in the previous period[39] Other Financial Metrics - Non-recurring gains and losses totaled CNY 175.06 million, primarily from asset disposal gains and government subsidies[5] - The company incurred a credit impairment loss of CNY -43,265,354.86 during the quarter[40] - The company reported a fair value loss of CNY 6,658,119.96 in the current period, compared to a gain of CNY 2,767,350.00 in the previous period[39] Future Outlook - The company plans to expand its market presence through new product development and strategic acquisitions in the upcoming quarters[40]