西部牧业(300106) - 2023 Q3 - 季度财报

Financial Performance - Revenue for Q3 2023 was CNY 302,690,355.61, a decrease of 13.94% compared to the same period last year[4] - Net profit attributable to shareholders was CNY -24,279,214.86, a decline of 1,078.04% year-on-year[4] - The company reported a basic and diluted earnings per share of CNY -0.1149, down 1,082.05% from the previous year[4] - Total operating revenue for the third quarter of 2023 was CNY 875,562,589.43, a decrease of 10.06% compared to CNY 973,430,435.30 in the same period last year[22] - Net profit for the third quarter was CNY 2,019,953.27, a significant decline from CNY 33,638,798.34 in the previous year[23] - The company reported a net loss attributable to shareholders of CNY 21,181,135.72, compared to a profit of CNY 14,562,441.40 in the same period last year[23] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,194,492,325.23, reflecting a slight increase of 0.36% from the end of the previous year[4] - Total assets as of September 30, 2023, were CNY 1,194,492,325.23, slightly up from CNY 1,190,181,545.26 at the beginning of the year[20] - Total liabilities increased to CNY 482,670,249.55 from CNY 460,379,422.85 at the start of the year, reflecting a rise of 2.52%[20] - The company's total equity decreased to CNY 711,822,075.68 from CNY 729,802,122.41, indicating a decline of 2.46%[20] Cash Flow - Cash flow from operating activities showed a net outflow of CNY -27,422,091.48, indicating a significant cash drain[4] - The company’s cash flow from operating activities remains a critical focus for future financial stability and growth[22] - Operating cash flow for the period was -27,422,091.48 CNY, a decrease from 104,327,429.96 CNY in the previous period, indicating a significant decline in operational performance[25] - Total cash inflow from operating activities was 857,128,111.55 CNY, down 17.2% from 1,035,806,538.72 CNY year-on-year[25] - Cash outflow from operating activities totaled 884,550,203.03 CNY, compared to 931,479,108.76 CNY in the same period last year, reflecting a decrease of 5.0%[25] - Investment activities resulted in a net cash outflow of -33,019,368.28 CNY, worsening from -4,787,362.24 CNY in the previous year[27] - Cash inflow from financing activities was 175,000,000.00 CNY, slightly down from 183,400,000.00 CNY year-on-year[27] - Net cash outflow from financing activities was -7,097,748.34 CNY, compared to a net inflow of 17,835,125.66 CNY in the previous period[27] - The ending cash and cash equivalents balance was 275,227,607.45 CNY, down from 358,802,922.20 CNY at the end of the previous year[27] Investments and Expenses - The company experienced a significant increase in accounts receivable, which rose by CNY 132,014,191.83, or 156.71%[8] - Research and development expenses decreased by CNY 1,254,671.81, a reduction of 38.54% compared to the same period last year[9] - The company reported a substantial decline in investment income, which decreased by CNY 14,223,995.37, or 750.53%[10] - Research and development expenses for the quarter were CNY 2,000,802.66, down 38.54% from CNY 3,255,474.47 in the previous year[22] - Cash paid to employees was 62,993,734.72 CNY, up from 60,428,204.31 CNY year-on-year, indicating a 4.3% increase in employee compensation[25] Government Support and New Developments - Other income increased by CNY 5,640,977.03, representing a growth of 211.52% year-on-year, primarily due to increased government subsidies[9] - The company received government subsidies totaling CNY 8,307,841.58 during the reporting period, contributing to its non-operating income[5] - Garden Dairy obtained the leasing rights for a dairy processing plant from Tianshan Dairy and established a new branch, enhancing its production capacity and competitive edge[15] - The new branch of Garden Dairy officially commenced operations on September 20, 2023, which is expected to improve profitability[15] Shareholder Information - As of September 30, 2023, the total number of common shareholders was 25,626, with the largest shareholder, Shihezi State-owned Assets Management Group Co., Ltd., holding 41.82% of shares[13]