益生股份(002458) - 2021 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2021 was ¥500,589,376.71, representing an increase of 8.27% compared to the same period last year[3]. - The net profit attributable to shareholders was -¥47,242,778.36, a decrease of 20.08% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥47,510,015.61, a decrease of 23.00% year-on-year[3]. - The basic earnings per share for the reporting period was -¥0.05, a decrease of 16.67% year-on-year[3]. - The weighted average return on net assets was -1.51%, a decrease of 0.58% compared to the same period last year[3]. - Net profit reached 225,384,654.47, a 48.00% increase driven by rising chick prices and improved gross margins[7]. - Total profit increased by 47.85% to 227,666,100.26, primarily due to higher chick prices and improved product margins[7]. - The total comprehensive income attributable to shareholders increased by 57.76% to 228,572,686.38, reflecting improved profitability[7]. - The company reported a revenue increase of 15% year-over-year, reaching 1.2 billion RMB in Q3 2021[38]. - Total operating revenue for the current period reached ¥1,700,217,480.29, an increase of 16.4% compared to ¥1,461,196,911.59 in the previous period[21]. - Operating profit for the current period was ¥229,556,689.12, up 42.6% from ¥160,962,402.63 in the previous period[23]. - Net profit attributable to the parent company was ¥228,572,686.38, a 57.8% increase from ¥144,887,881.27 in the previous period[23]. - The company recorded a total comprehensive income of ¥225,384,654.47, compared to ¥152,290,092.42 in the previous period, marking a 48.0% increase[23]. Assets and Liabilities - The total assets at the end of the reporting period were ¥5,605,264,468.21, an increase of 20.07% compared to the end of the previous year[3]. - The equity attributable to shareholders was ¥3,370,352,519.00, an increase of 7.40% compared to the end of the previous year[3]. - The company's current assets totaled RMB 888,022,359.09, down from RMB 1,034,056,983.15 in the previous year, indicating a decrease of about 14.1%[16]. - The total liabilities reached RMB 2,156,806,037.56, compared to RMB 1,451,657,207.86 in the previous year, representing an increase of approximately 48.5%[18]. - The total assets increased from 4,668,482,639.12 CNY to 4,791,035,873.34 CNY, reflecting a rise of approximately 2.6%[35]. - The total liabilities rose from 1,451,657,207.86 CNY to 1,574,210,442.08 CNY, an increase of about 8.4%[33]. - The total equity attributable to shareholders was 3,138,016,056.96 CNY, remaining stable compared to the previous period[33]. Cash Flow - The cash flow from operating activities for the year-to-date was ¥113,197,531.24, an increase of 30.24% year-on-year[3]. - Cash received from bank loans increased by 143.65% to 981,916,942.64, indicating a significant rise in borrowing[9]. - Cash inflow from operating activities totaled ¥1,738,346,564.06, compared to ¥1,427,506,784.87 in the previous period, indicating a growth of 21.8%[26]. - The net cash flow from investing activities was -641,040,404.14 CNY, compared to -833,337,508.86 CNY in the previous period, indicating an improvement of approximately 23%[28]. - The total cash inflow from financing activities was 1,010,556,746.05 CNY, up from 585,352,176.40 CNY, representing a growth of about 72%[28]. - The net cash flow from financing activities was 550,556,015.28 CNY, a significant recovery from -137,148,343.93 CNY in the previous period[28]. Investments and Expenses - R&D expenses surged by 104.05% to 50,443,211.26, reflecting continued investment in research and development[7]. - Research and development expenses increased significantly to ¥50,443,211.26, up 104.5% from ¥24,721,101.32 in the previous period[21]. - The company reported a decrease in financial expenses, which were ¥50,246,871.51, down from ¥290,100.15 in the previous period[21]. - The company reported a significant increase in tax expenses, which rose to ¥2,281,445.79 from ¥1,689,781.18 in the previous period[23]. - The company experienced a 32.29% decrease in cash and cash equivalents, attributed to increased investments in construction projects during the reporting period[5]. Strategic Initiatives - The company plans to raise up to RMB 104,000,000 through a public offering of convertible bonds to enhance its breeding capabilities and improve risk resistance and profitability[13]. - The company has initiated a strategy to enhance its industry layout by focusing on breeding and feed production, which is expected to solidify its long-term development foundation[13]. - New product development includes the launch of a premium poultry feed line, expected to contribute an additional 200 million RMB in revenue[38]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% market share by 2025[38]. - A strategic acquisition of a local competitor is anticipated to enhance production capacity by 30%[38]. - Research and development investment increased by 12%, focusing on sustainable farming technologies[38]. - The company aims to reduce operational costs by 5% through efficiency improvements in the supply chain[38]. - Customer satisfaction ratings improved to 90%, reflecting enhanced service and product quality[38]. - The company is exploring partnerships with local distributors to enhance market penetration and distribution efficiency[38]. Other Notable Points - The company reported a significant increase in production biological assets, which rose by 70.89% to ¥617,845,082.31 due to increased breeding of chickens and pigs[5]. - Goodwill increased to 24,370,870.71, up 51.40% due to the acquisition of 100% equity in Hebei Runyuan Breeding Co., Ltd.[7]. - Long-term prepaid expenses decreased by 84.32% to 11,423,058.55 as a result of the new leasing standards.[7]. - Short-term borrowings rose by 59.35% to 1,144,683,140.76, attributed to increased bank loans for working capital.[7]. - Contract liabilities increased by 140.46% to 46,840,680.24 due to prepayments for chick and equipment sales.[7]. - The report for the third quarter was not audited, which may affect the reliability of the financial data presented[36].