庄园牧场(002910) - 2023 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2023 was approximately ¥233.84 million, a decrease of 16.60% compared to the same period last year[5]. - Net profit attributable to shareholders was approximately ¥2.70 million, representing a significant decline of 87.34% year-over-year[5]. - The net profit excluding non-recurring gains and losses was approximately -¥15.28 million, a decrease of 189.54% compared to the previous year[5]. - Total operating revenue for Q3 2023 was CNY 714,821,693.80, a decrease of 7.99% compared to CNY 776,834,918.35 in Q3 2022[20]. - Operating profit for Q3 2023 was a loss of CNY 21,412,159.78, compared to a profit of CNY 35,812,227.53 in Q3 2022[20]. - The net profit for the third quarter of 2023 was a loss of ¥17.46 million, compared to a net profit of ¥30.32 million in the previous year, indicating a significant decline[21]. - The total comprehensive income for the third quarter was a loss of ¥17.46 million, compared to a comprehensive income of ¥30.32 million in the previous year[21]. - Basic and diluted earnings per share for the third quarter were both -¥0.09, compared to ¥0.15 in the same period last year, indicating a negative performance[21]. Cash Flow - Operating cash flow for the period was approximately ¥111.13 million, down 13.72% from the previous year[5]. - The cash flow from operating activities for the third quarter was ¥95.88 million, down from ¥111.13 million in the same period last year, reflecting a decrease of approximately 13.73%[22]. - Cash paid for operating activities decreased by 33.42% to CNY 45,959,329.86 from CNY 69,033,160.87, mainly due to a reduction in operational receivables[11]. - Cash received from borrowings decreased by 52.27% to CNY 434,300,000.00 from CNY 910,000,000.00, mainly due to a reduction in long-term borrowings[11]. - The cash flow from investing activities showed a net outflow of ¥31.95 million, compared to a net outflow of ¥112.71 million in the previous year, indicating an improvement in investment cash flow[23]. - The cash flow from financing activities resulted in a net outflow of ¥92.34 million, compared to a net outflow of ¥96.57 million in the same period last year, showing a slight improvement[23]. - The company reported a significant decrease in cash received from financing activities, down 93.09% to CNY 7,520,000.00 from CNY 108,769,872.46, primarily due to adjustments in the financing structure[11]. - The company's cash and cash equivalents at the end of the period were ¥225.61 million, down from ¥282.98 million at the end of the previous year, a decrease of approximately 20.25%[23]. Assets and Liabilities - The total assets as of September 30, 2023, were approximately ¥2.57 billion, a decrease of 4.58% from the end of the previous year[5]. - Current assets decreased to CNY 488,827,307.55 as of September 30, 2023, from CNY 560,577,983.83 at the beginning of the year, representing a decline of 12.81%[18]. - Total liabilities as of September 30, 2023, were CNY 1,236,000,857.31, down from CNY 1,329,573,038.96 at the beginning of the year, a decrease of 7.02%[18]. - Non-current liabilities decreased significantly to CNY 193,389,455.56 from CNY 505,345,713.38, a reduction of 61.73%[18]. - The equity attributable to shareholders was approximately ¥1.33 billion, down 2.18% compared to the end of the previous year[5]. Expenses - Sales expenses for the first nine months of 2023 increased by 32.55% to CNY 55,337,796.89 compared to CNY 41,749,995.68 in the same period of 2022, primarily due to increased promotional activities[11]. - R&D expenses decreased by 42.29% to CNY 7,210,719.13 from CNY 12,495,582.84, mainly because R&D projects are still in the initial stages[11]. - Financial expenses dropped by 38.33% to CNY 4,610,988.47 from CNY 7,476,399.56, primarily due to interest subsidies received on loans[11]. - Research and development expenses for Q3 2023 were CNY 7,210,719.13, down from CNY 12,495,582.84 in Q3 2022, a decrease of 42.83%[20]. Changes and Adjustments - The company has undergone a change in accounting policy due to new regulations effective from January 1, 2023[6]. - The company experienced a 2048.28% increase in current portion of non-current liabilities, attributed to the increase in long-term borrowings due within one year[10]. - Fair value changes resulted in a loss of CNY 14,197,865.60, a decline of 249.56% compared to a gain of CNY 9,493,386.98, mainly due to a reduction in the number of cattle during structural adjustments[11]. - The company faced an administrative penalty of CNY 190,000 for using uninspected pressure pipelines, but this does not constitute a major violation that could lead to forced delisting[14][15]. Other Financial Metrics - The company reported a significant increase in prepayments by 251.09% due to purchases of silage during the reporting period[10]. - Other receivables increased by 40.05% primarily due to various deposits made during the reporting period[10]. - Cash received from the disposal of fixed assets increased by 59.14% to CNY 39,392,702.23 from CNY 24,753,656.20, primarily due to increased proceeds from the disposal of biological assets[11].