金新农(002548) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 was CNY 1,079,099,456.31, representing a year-on-year increase of 6.07% and a cumulative increase of 55.35% year-to-date[5]. - The net profit attributable to shareholders was a loss of CNY 332,168,535.80, a decrease of 337.16% compared to the same period last year, with a year-to-date loss of CNY 292,365,695.80, down 189.88%[5]. - The basic earnings per share for Q3 2021 was -CNY 0.48, a decrease of 292.00% year-on-year, while the diluted earnings per share was -CNY 0.47, down 295.83%[5]. - The net profit for the current period was a loss of ¥341,075,155.09, compared to a profit of ¥396,923,843.08 in the previous period, indicating a substantial decline in profitability[32]. - The basic earnings per share for the current period was -¥0.42, compared to ¥0.58 in the previous period, indicating a negative shift in earnings performance[32]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 6,646,270,527.37, an increase of 7.95% compared to the end of the previous year[5]. - As of September 30, 2021, the company's total assets amounted to RMB 6,646,270,527.37, an increase from RMB 6,156,989,203.56 at the end of 2020[29]. - The company's current assets decreased to RMB 2,155,132,454.65 from RMB 2,561,284,628.52 at the end of 2020, representing a decline of approximately 15.8%[27]. - The company's total liabilities increased to RMB 3,878,626,487.08 from RMB 3,098,504,859.12, reflecting a rise of about 25.2%[28]. - Total current liabilities were CNY 2,310,025,244.30, showing an increase of CNY 71,849,169.40 from the previous period[40]. - Total non-current liabilities increased to CNY 788,479,614.82, a rise of CNY 442,797,117.43 compared to the prior period[40]. Cash Flow - The company's cash flow from operating activities showed a net outflow of CNY 59,838,899.43, representing a decrease of 73.72% year-to-date[5]. - The cash flow from operating activities showed a net outflow of ¥59,838,899.43, an improvement from a net outflow of ¥227,671,721.83 in the prior period[34]. - Cash and cash equivalents at the end of the period totaled ¥622,851,592.45, down from ¥706,663,167.11 at the end of the previous period[36]. - The company's cash and cash equivalents decreased significantly to RMB 657,013,214.57 from RMB 1,201,738,545.61, a decline of approximately 45.2%[26]. Expenses and Costs - The company's inventory increased by 39.92% year-on-year, reflecting changes in stock management and production levels[11]. - The company reported a 98.46% increase in operating costs compared to the same period last year, primarily due to increased sales of pigs and feed[11]. - Financial expenses increased by 36.73% compared to the same period last year, mainly due to the growth in bank loan scale and interest expenses[12]. - Research and development expenses increased by 122.62% year-on-year, indicating a significant increase in investment in R&D[10]. - Cash paid to employees increased by 65.00% year-on-year, mainly due to an increase in personnel and higher bonus payments from the previous year[13]. Investments and Financing - The company plans to issue non-public corporate bonds amounting to 300 million RMB, which has not yet been issued as of September 30, 2021[18]. - The company plans to issue up to 126,000,000 shares to no more than 35 specific investors, raising a total of up to RMB 700 million[22]. - The cash inflow from financing activities was ¥1,583,835,772.55, a decrease from ¥2,239,975,398.55 in the previous period, reflecting changes in capital structure[36]. Management and Governance - The company appointed Zhao Zukai as the new general manager following the resignation of Yang Hualin[23]. - The company has seen changes in its board of directors, with multiple resignations and appointments occurring in July and August 2021[24]. Other Financial Metrics - Other income decreased by 69.66% year-on-year, primarily due to a reduction in government subsidies received during the reporting period[12]. - Investment income decreased by 178.20% year-on-year, mainly due to losses from pig hedging operations[12]. - Credit impairment losses increased by 263.97% year-on-year, attributed to an increase in accounts receivable and higher bad debt provisions[12]. - Cash received from sales of goods and services increased by 50.32% year-on-year, driven by increased business volume[13]. - Cash received from investment income surged by 2,123.71% year-on-year, primarily due to increased investment income from external companies[13]. Audit and Compliance - The report for the third quarter was not audited[41]. - The company implemented the new leasing standard from January 1, 2021, resulting in adjustments to the initial figures for right-of-use assets and lease liabilities[40].