西部牧业(300106) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue for the period reached CNY 232,087,766.98, representing a 27.64% increase year-on-year[8] - Net profit attributable to shareholders surged by 781.41% to CNY 4,311,522.24 for the quarter[8] - The net profit after deducting non-recurring gains and losses increased by 232.10% to CNY 3,474,370.39[8] - Basic earnings per share rose by 780.00% to CNY 0.0204[8] - Operating profit increased by 782.41% year-on-year, while net profit grew by 191.01%, driven by higher profitability at Huayuan Dairy and Quansheng Livestock[18] - The company's net profit for Q3 2020 showed a significant improvement, with undistributed profits increasing to CNY 41,186,837.42 from CNY 31,768,981.45 in the previous year, marking a growth of 29.5%[32] - The total profit for the third quarter was CNY 6,349,296.97, compared to a net profit of CNY 682,377.30 in the same period last year[36] - The total profit for the period was CNY 9,417,855.97, compared to a loss of CNY 74,392.95 in the same period last year[49] Assets and Liabilities - Total assets increased by 10.17% to CNY 1,156,128,463.37 compared to the end of the previous year[8] - Total liabilities as of September 30, 2020, amounted to CNY 520,358,972.09, compared to CNY 414,456,476.09 at the end of 2019, representing a rise of 25.5%[29] - The total current liabilities increased to CNY 485,899,526.77 from CNY 377,362,711.85, reflecting a growth of 28.8%[29] - The total assets of the company reached CNY 1,142,877,746.97, an increase from CNY 1,104,046,319.29 at the end of 2019, indicating a growth of 3.5%[32] Cash Flow - The net cash flow from operating activities decreased by 60.36% to CNY 50,150,079.67[8] - The net cash flow from operating activities was CNY 26,930,620.27, down from CNY 105,909,364.93 in the previous year[52] - The net cash flow from operating activities was -44,146,665.07 yuan, a significant decrease compared to 17,652,722.75 yuan in the previous period[55] - Cash inflow from investment activities was CNY 29,103,926.31, while cash outflow was CNY 16,333,515.08, resulting in a net cash flow of CNY 12,770,411.23[52] - The net cash flow from financing activities was 23,343,742.45 yuan, compared to -18,180,309.94 yuan in the same period last year[56] Shareholder Information - The total number of shareholders at the end of the reporting period was 35,617[12] - The largest shareholder, Shihezi State-owned Assets Management (Group) Co., Ltd., holds 41.82% of the shares[12] Government Support - The company received government subsidies totaling CNY 3,140,100.00 related to COVID-19 prevention and dairy industry development[9] Investment and Expenses - Financial expenses rose by 125.76% year-on-year, due to increased bank loans and bill discounting costs[17] - Investment income increased by 127.32% year-on-year, reflecting higher profits from associated companies[17] - Research and development expenses for Q3 2020 were CNY 1,559,215.98, which is a 77% increase compared to CNY 881,648.52 in the same period last year[35] Other Financial Metrics - The weighted average return on equity improved significantly by 939.85% to 0.76%[8] - Cash and cash equivalents increased by 82.41% compared to the beginning of the period, primarily due to the subsidiary Huayuan Dairy's investment in a financial product and increased sales[16] - Accounts receivable decreased by 48.19%, attributed to increased sales volume at the wholly-owned subsidiary Quansheng Livestock[16] - Prepayments increased by 223.56%, mainly due to the subsidiaries locking in raw material prices[16] - Accounts payable increased by 64.07%, primarily due to higher logistics and advertising costs at Huayuan Dairy[17] - The company recorded an asset impairment loss of CNY 2,284,712.77 during the reporting period[39] - The company reported a significant increase in investment income, amounting to CNY 13,574,157.69, compared to a loss of CNY 2,990,379.87 in the previous year[47] Auditing and Reporting - The third-quarter report was not audited, indicating that the figures presented are preliminary and subject to change[59]