西部牧业(300106) - 2019 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was CNY 181,825,582.15, down 10.20% year-on-year, while year-to-date revenue was CNY 524,906,591.50, a decrease of 1.59%[8] - Net profit attributable to shareholders was a loss of CNY 632,735.40, a decline of 100.98% compared to the same period last year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 2,630,203.79, an increase of 96.05% year-on-year[8] - Operating profit decreased by 94.99% compared to the same period last year, and net profit decreased by 82.03% due to the absence of asset sales that positively impacted previous year's performance[18] - The company reported a net profit of CNY 4,417,292.03 for the year-to-date period, down from CNY 24,577,687.05 in the previous year, showing a decline of about 82.0%[48] - The company reported a loss attributable to shareholders of ¥632,735.40 in Q3 2019, contrasting with a profit of ¥64,598,266.61 in the previous year[39] - Basic and diluted earnings per share for Q3 2019 were both -¥0.0030, compared to ¥0.3057 in Q3 2018[39] - The net profit for the third quarter was -74,392.95, a significant decrease compared to -26,482,405.32 in the same period last year, indicating ongoing financial challenges[51] Cash Flow - Cash flow from operating activities for the year-to-date was CNY 105,909,364.93, down 49.83% compared to the same period last year[8] - Net cash flow from operating activities decreased by 49.83%, primarily due to a significant reduction in cash inflows from sales of goods and services[18] - Operating cash flow for the third quarter was 105,909,364.93, down from 211,097,031.75 year-over-year, reflecting reduced cash generation from operations[55] - The company’s cash and cash equivalents at the end of the period were 65,743,973.79, down from 57,828,834.78 at the end of the previous year[56] - The net cash flow from financing activities was -¥18,180,309.94, indicating a decrease compared to the previous period's net cash flow of -¥372,132,331.54[59] - Total cash inflow from financing activities amounted to ¥125,042,600.00, while total cash outflow was ¥143,222,909.94, resulting in a net outflow[59] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,122,821,206.63, a decrease of 1.29% compared to the end of the previous year[8] - Total assets as of September 30, 2019, amounted to CNY 1,122,821,206.63, a decrease from CNY 1,137,464,935.58 at the end of 2018[28] - Current assets totaled CNY 503,413,208.50 as of September 30, 2019, slightly up from CNY 498,184,280.46 at the end of 2018[27] - Total liabilities decreased from CNY 437,884,294.67 at the end of 2018 to CNY 418,823,273.69 as of September 30, 2019[29] - The company's cash and cash equivalents decreased from CNY 80,049,498.42 at the end of 2018 to CNY 65,743,973.79 as of September 30, 2019[27] - The company reported a decrease in inventory from CNY 159,663,244.08 at the end of 2018 to CNY 134,997,330.55 as of September 30, 2019[27] Expenses - Management expenses decreased by 36.26% year-on-year, primarily due to changes in the scope of consolidation after the disposal of subsidiaries[17] - Financial expenses decreased by 87.78% year-on-year, attributed to the disposal of subsidiaries and active repayment of bank loans[17] - The company experienced an increase in sales expenses, which rose to ¥17,851,669.30 from ¥14,392,385.68 year-on-year[37] - The company incurred asset impairment losses of CNY 2,284,712.77, compared to losses of CNY 6,767,592.33 in the previous year, indicating an improvement[47] - The company’s financial expenses decreased to CNY 379,501.04 from CNY 4,268,904.73 year-over-year, reflecting a reduction of approximately 91.1%[41] Government Support - The company received government subsidies amounting to CNY 3,780,000.00, including CNY 1,780,000.00 for research funding[9] Comprehensive Income - The total comprehensive income for the third quarter was CNY 2,687,164.78, compared to a total comprehensive loss of CNY 7,100,198.74 in the same quarter last year[43] - The total comprehensive income for the quarter was -74,392.95, which mirrors the net profit loss, indicating no other comprehensive income contributions[52] Investment Activities - Investment activities resulted in a net cash outflow of -27,816,994.37, contrasting with a net inflow of 335,507,363.91 in the previous year, indicating a shift in investment strategy[56] - The company’s investment loss was reported at -2,990,379.87, highlighting challenges in its investment portfolio[51] Audit and Standards - The company did not undergo an audit for the third quarter report, which may affect the reliability of the financial data presented[60] - The company has not applied new financial instrument standards or new leasing standards for the current reporting period[60]