*ST天山(300313) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 was ¥20,336,538.29, a decrease of 11.40% compared to the same period last year, and a total revenue of ¥60,974,559.03 for the year-to-date, down 54.19% year-on-year[2]. - The net profit attributable to shareholders was a loss of ¥11,429,943.67, representing a decline of 348.49%, with a year-to-date loss of ¥21,751,058.49, down 613.57% compared to the previous year[2]. - Total operating revenue for the current period was CNY 60,974,559.03, a decrease of 54.2% compared to CNY 133,117,629.28 in the previous period[33]. - Net profit for the current period was a loss of CNY 22,757,074.87, compared to a loss of CNY 2,918,362.81 in the previous period[34]. - Basic and diluted earnings per share were both CNY -0.0695, compared to CNY -0.0097 in the previous period[35]. - The company recorded other comprehensive income after tax of CNY -5,057,770.63, compared to CNY -314,141.68 in the previous period[34]. Cash Flow and Assets - The company reported a significant increase in cash flow from operating activities, with a net cash flow of ¥2,689,846.42 for the year-to-date, up 153.97%[2]. - The cash inflow from operating activities totaled CNY 96,248,522.25, an increase from CNY 89,040,203.71 in the previous period[37]. - Cash inflow from investment activities totaled 164,233,351.50 CNY, compared to 36,888,282.18 CNY in the previous period[38]. - The ending balance of cash and cash equivalents reached 106,668,556.09 CNY, up from 23,980,603.22 CNY in the previous period[38]. - The company's cash and cash equivalents increased by 554.34% to ¥106,668,556.09, primarily due to proceeds from the sale of Australian assets[7]. - The company's current assets increased significantly to CNY 176,223,249.38 from CNY 74,684,869.20, representing an increase of about 135.5%[29]. Liabilities and Equity - The company’s total liabilities decreased by 31.75% to ¥148,991,765.67, primarily due to repayment of bank loans[7]. - The total liabilities decreased from CNY 757,953,269.43 to CNY 720,143,031.76, a decline of 5.0%[34]. - The equity attributable to the parent company decreased from CNY 154,968,706.03 to CNY 128,159,876.92, a drop of 17.3%[34]. - The company reported a significant reduction in short-term borrowings, which decreased to CNY 148,991,765.67 from CNY 218,289,564.77, a decline of approximately 31.7%[30]. Investments and Impairments - The company’s long-term equity investments rose by 71.87% to ¥15,040,907.19, attributed to investments in establishing subsidiaries[7]. - The company’s investment income decreased by 91.82% to ¥598,280.67, mainly due to reduced gains from the disposal of subsidiaries[9]. - The company has recognized an impairment provision of RMB 28.69 million due to potential impairment of agricultural development land as a result of changes in groundwater resource management regulations[22]. Shareholder Changes and Legal Issues - The company reported that the original controlling shareholder, Tianshan Animal Husbandry Development Co., Ltd., had its shares judicially auctioned, resulting in a change of control to Huzhou Haohui Enterprise Management Consulting Co., Ltd., which now holds 69,211,312 shares, accounting for 22.11% of the total share capital[17]. - The company’s second-largest shareholder, Chen Dehong, has 37,279,083 shares, with 36,509,768 shares pledged, representing 97.94% of his holdings and 11.67% of the total share capital[20]. - The company’s major shareholder, the Xinjiang Uygur Autonomous Region Animal Husbandry Station, transferred 33,025,998 shares, which is 10.55% of the total share capital, to Xinjiang Animal Husbandry Group Co., Ltd. without compensation[19]. - The company is currently involved in multiple legal disputes, including a criminal case related to contract fraud, which may impact future financial performance[24]. - The company has ongoing litigation regarding equity transfer disputes, which could affect its operational strategy and financial outcomes[25]. - The company is facing operational challenges in controlling Daxiang Advertising Co., Ltd. due to legal issues involving its former actual controller, which has hindered the company's ability to exercise voting rights[16]. - The company has implemented measures to address the impact of judicial actions on its governance and control over subsidiaries[16]. Operational Challenges and Strategic Changes - The company completed the sale of its overseas subsidiary, Tianshan Australia Investment, and its main assets in Australia, aligning with its strategic planning[21]. - The company’s agricultural planting area is expected to decrease to 4,360.81 acres due to new water resource management policies, impacting its agricultural operations[22]. - The company is actively monitoring and adapting to regulatory changes that may affect its agricultural operations and overall business strategy[22].