Financial Performance - As of September 30, 2023, the company recorded an unaudited net loss of approximately RMB 16.59 million, compared to an unaudited net loss of approximately RMB 18.56 million for the same period in 2022[30]. - The unaudited total operating revenue for the nine months ended September 30, 2023, was approximately RMB 79.6 million, representing about 48% of the unaudited total operating revenue for the same period in 2022[30]. - The total operating income for the main business was RMB 7,000,507.34 for the nine months ended September 30, 2023, compared to RMB 14,773,593.03 for the same period in 2022[14]. - Total revenue for Q3 2023 was RMB 2,825,429.06, a decrease of 40.8% compared to RMB 4,771,282.84 in Q3 2022[43]. - The company reported a net loss attributable to the owners of the parent of RMB (16,564,464.90) for the nine months ended September 30, 2023, compared to a loss of RMB (18,383,986.19) in 2022[125]. - For the nine months ended September 30, 2023, the group recorded an unaudited total revenue of approximately RMB 7,000,507.34, a decrease of 48% compared to the same period in 2022[135]. Cash Flow and Financing - The total cash inflow from investment activities was RMB 722,796.33, while the total cash outflow from investment activities was RMB 1,894,912.86[1]. - The company received cash from financing activities amounting to RMB 17,643,736.01, compared to RMB 7,974,458.78 in the previous year[5]. - The company reported a net cash flow from financing activities of 7,471,837.18 for the period ending September 30, 2023, compared to 3,395,784.67 for the same period in 2022, indicating a significant increase[68]. - The net cash flow from operating activities for the first nine months of 2023 was negative at RMB (7,556,622.06), compared to RMB (4,221,619.88) in 2022[49]. - The company reported a total cash inflow from operating activities of RMB 14,403,009.89 for the first nine months of 2023, which includes RMB 750,962.63 from other operating activities[49]. Expenses and Costs - Research and development expenses totaled RMB 15,979.08 for the three months ended September 30, 2023[25]. - Total operating costs for Q3 2023 were RMB 7,536,156.28, down 38.3% from RMB 12,187,753.23 in Q3 2022[43]. - The total employee compensation for the period from January 1 to September 30, 2023, was 4,218,990.64, down from 5,023,653.55 in the same period of 2022[62]. - Management expenses decreased from approximately RMB 14.01 million in the same period of 2022 to approximately RMB 12.99 million for the nine months ended September 30, 2023, reflecting a reduction of about 7.2%[149]. - Financial expenses decreased from approximately RMB 630,000 in the same period of 2022 to approximately RMB 300,000 for the nine months ended September 30, 2023, a reduction of about 52.4%[149]. Assets and Liabilities - The total current liabilities amounted to RMB 86,338,516.87, an increase from RMB 79,334,954.37 in the previous year[33]. - Total liabilities increased from RMB 80,248,874.57 as of December 31, 2022, to RMB 86,800,612.03 as of September 30, 2023, representing an increase of approximately 8.5%[46]. - Total assets decreased from RMB 92,244,165.94 as of December 31, 2022, to RMB 82,204,543.14 as of September 30, 2023, indicating a reduction of about 10.9%[45]. - Non-current assets decreased from RMB 62,008,078.64 as of December 31, 2022, to RMB 52,816,038.04 as of September 30, 2023, representing a decline of approximately 15.3%[45]. Shareholder Information - The company reported a total of 10,000,000 H shares held by Mr. Xiao Bing, representing approximately 1.55% of all issued H shares[91]. - Mr. Chen Ji holds 11,718,000 H shares, accounting for approximately 1.81% of all issued H shares[91]. - Guotai Junan Holdings controls 23,500,000 H shares, which is about 3.64% of all issued H shares[96]. - The company has a total of 328,363,637 domestic shares held by Tianan Enterprises, with Mr. Xiao Bing and his spouse holding 60% and 40% respectively[114]. - Ms. Chen Jing holds 485,832,335 shares, accounting for 38.81% of the total issued domestic shares and 25.60% of the total issued shares[169]. Operational Developments - The company temporarily suspended live chicken farming operations due to rising feed procurement prices and increased labor costs, leading to a decrease in revenue from agricultural products[135]. - The company has not reported any new product launches or technological advancements during this period[76]. - The company has not identified any significant events post-September 30, 2023, that would materially impact its operations and financial performance[106]. Miscellaneous - The company did not recommend the distribution of dividends for the nine months ended September 30, 2023[30]. - The audit committee reviewed the unaudited consolidated results for the nine months ended September 30, 2023, ensuring compliance with applicable accounting standards[98]. - The report will be available on the GEM website for at least 7 days from the publication date[175]. - The company expresses gratitude to customers, subcontractors, business partners, and shareholders for their continued support[166].
海天天线(08227) - 2023 Q3 - 季度财报