大北农(002385) - 2022 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2022 was ¥8,701,286,613.33, representing a year-on-year increase of 6.46%[4] - The net profit attributable to shareholders for Q3 2022 was ¥181,891,288.40, a significant increase of 146.48% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥166,259,745.48, up 141.53% year-on-year[4] - The company's basic earnings per share for Q3 2022 was ¥0.04, a 140.00% increase compared to the same period last year[4] - The weighted average return on equity was 1.76%, an increase of 5.21% year-on-year[4] - Total operating revenue for the current period is ¥22,094,415,865.46, a decrease of 5.77% from ¥23,441,504,152.54 in the previous period[28] - Net profit for the current period is a loss of ¥320,540,263.56, compared to a loss of ¥86,975,965.14 in the previous period[30] - The total profit for the current period is a loss of ¥257,605,137.82, compared to a profit of ¥67,968,391.36 in the previous period[29] - The diluted earnings per share for the current period is -0.08, compared to 0.03 in the previous period[32] - Other comprehensive income after tax for the current period is a loss of ¥50,714,517.43, compared to a gain of ¥82,877,950.35 in the previous period[30] Assets and Liabilities - Total assets at the end of Q3 2022 reached ¥31,121,911,443.25, reflecting a growth of 15.72% from the end of the previous year[4] - As of September 30, 2022, the company's total assets amounted to RMB 31.12 billion, an increase from RMB 26.89 billion at the beginning of the year[25] - The company's current assets totaled RMB 12.43 billion, up from RMB 10.48 billion at the start of the year, indicating a growth of approximately 18.6%[24] - The company's inventory increased to RMB 4.05 billion from RMB 3.31 billion, reflecting a growth of about 22.3%[24] - The company's total liabilities reached RMB 18.69 billion, compared to RMB 14.19 billion at the beginning of the year, representing a rise of approximately 31.5%[26] - The company's equity attributable to shareholders decreased to RMB 10.43 billion from RMB 10.74 billion, a decline of about 2.7%[27] - The company reported a short-term loan of RMB 6.69 billion, an increase from RMB 4.91 billion, indicating a rise of approximately 36.0%[26] Cash Flow - The company reported a net cash flow from operating activities of ¥603,547,584.57, which is a 3.56% increase compared to the previous year[4] - The net cash flow from operating activities for Q3 2022 was CNY 603.55 million, an increase from CNY 582.81 million in Q3 2021, reflecting a growth of approximately 3%[34] - Cash inflow from operating activities is ¥22,416,358,858.93, down 5.54% from ¥23,729,086,505.03 in the previous period[33] - The total cash flow from operating activities was CNY 21.81 billion, down from CNY 23.15 billion in the same quarter last year, a decrease of approximately 6%[34] - The net cash flow from investment activities decreased by 1.34 billion RMB, a decline of 85.17%, primarily due to increased external investments[14] - Total cash outflow from investing activities was CNY 3.01 billion, compared to CNY 2.01 billion in the same period last year, indicating a significant increase of about 49%[34] - The company reported a cash inflow from investment activities of CNY 97.56 million, significantly lower than CNY 436.80 million in Q3 2021, reflecting a decline of about 78%[34] - The company experienced a negative cash flow from investing activities of CNY 2.91 billion, compared to a negative cash flow of CNY 1.57 billion in Q3 2021, indicating a worsening of about 85%[34] - The net cash flow from financing activities reached CNY 2.10 billion, up from CNY 1.12 billion in Q3 2021, representing an increase of approximately 87%[35] - Cash inflow from financing activities totaled CNY 7.36 billion, compared to CNY 6.41 billion in Q3 2021, marking an increase of about 15%[35] Expenses - The company experienced a significant increase in financial expenses, with interest expenses rising to ¥344,262,323.84 from ¥249,761,015.09, an increase of 37.8%[29] - The company's financial expenses increased by ¥77,962,500, a growth of 35.51% compared to the same period last year[10] - Research and development expenses for the current period are ¥432,878,804.65, a slight decrease of 4.3% from ¥452,097,361.80 in the previous period[29] - The company experienced a decrease in sales expenses, which rose to ¥816,667,521.05 from ¥761,593,807.72, an increase of 7.2%[29] - The company paid CNY 362.71 million in dividends and interest in Q3 2022, down from CNY 589.29 million in the same quarter last year, a decrease of approximately 38%[35] Acquisitions and Legal Matters - The company terminated the acquisition of Hunan Jiuding Technology Group Co., Ltd. due to a lawsuit, with a claim for the second payment of RMB 396 million and a penalty of RMB 4.95 million as of July 25, 2022[19] - The company is pursuing a counterclaim to recover RMB 417.67 million already paid for the acquisition and to seek tax refund cooperation for RMB 242.33 million[19] - The company has initiated legal proceedings to recover RMB 500 million in advance payment related to the acquisition of subsidiaries from Jiangxi Zhengbang Technology Co., Ltd., along with interest and penalties[22] - Jiangxi Zhengbang Technology has been placed under pre-restructuring proceedings by the court, creating uncertainty regarding its future restructuring[22] Other Financial Metrics - Cash received from tax refunds decreased by 14.19 million RMB, a decline of 38.00% compared to the same period last year, mainly due to a reduction in VAT refunds received[11] - Cash received from other operating activities increased by 188.23 million RMB, a growth of 71.74%, primarily due to an increase in government subsidies and receivables[11] - Cash paid for various taxes decreased by 75.36 million RMB, a decline of 33.25%, mainly due to a reduction in tax payments[11] - Cash paid for the acquisition of fixed assets decreased by 671.99 million RMB, a decline of 35.77%, mainly due to reduced payments for fixed asset investment projects[11] - Cash received from the disposal of subsidiaries increased by 11.10 million RMB, a growth of 3536.56%, mainly due to increased cash from equity transfers[11] - Cash received from other investment activities increased by 37.98 million RMB, a growth of 2452.23%, primarily due to increased profits from futures trading[11] - Cash paid for other financing activities increased by 479.40 million RMB, a growth of 143.86%, mainly due to increased repayments for financing leases[14]