证券代码：600975 证券简称：新五丰 公告编号：2023-049 湖南新五丰股份有限公司 关于股东国有股权无偿划转的提示性公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ● 湖南新五丰股份有限公司（以下简称"公司"、"新五丰"）与湖南发展集团 资本经营有限公司（以下简称"发展资本"）签订了《发行股份及支付现金购买资产 协议》《业绩承诺与补偿协议》及《业绩承诺与补偿协议之补充协议》，发展资本为 公司全资子公司湖南天心种业有限公司的业绩承诺方和补偿义务人。具体内容详见公 司于2022年12月30日在上海证券交易所网站（www.sse.com.cn）披露的《湖南新五丰 股份有限公司发行股份及支付现金购买资产并募集配套资金暨关联交易报告书》等相 关文件。 ● 公司股东发展资本是湖南兴湘资本管理有限公司（以下简称"兴湘资本"）全 资子公司，发展资本将其所持新五丰的全部股份1,499,146股无偿划转至兴湘资本。 一、本次国有股权无偿划转的基本情况 （一）本次国有股权无偿划转的基本情况 2023年8月11日，公司 ...

证券代码：600975 证券简称：新五丰 公告编号：2023-030 湖南新五丰股份有限公司 关于召开2022年度暨2023年第一季度业绩说明会的 公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 一、说明会类型 公司已于2023年4月25日在上海证券交易所网站（www.sse.com.cn）披露了《湖南 新五丰股份有限公司2022年年度报告》，并于2023年4月29日在上海证券交易所网站 （www.sse.com.cn）披露了《湖南新五丰股份有限公司2023年第一季度报告》。为便 1 会议召开时间：2023年5月18日（星期四）上午9:30-11:30 会议召开地点：价值在线（www.ir-online.cn） 会议召开方式：网络文字互动方式 会议问题征集：投资者可于2023年5月16日（星期二）16:00前访问网址 https://eseb.cn/14ukEgVPY0o 或使用微信扫描下方小程序码进行会前提 问，湖南新五丰股份有限公司（以下简称"公司"）将通过本次业绩说明 会，在信息披露允许范围内就投资 ...

Financial Performance - Operating revenue for the first quarter reached CNY 1,210,487,773.57, representing a significant increase of 158.93% year-on-year due to a substantial growth in hog sales[22] - The net profit attributable to shareholders of the listed company was CNY -226,350,024.23, indicating a loss[22] - Basic earnings per share for the quarter were CNY -0.21[22] - The company's net loss attributable to shareholders for the first quarter of 2023 was CNY 226.35 million, compared to a net loss of CNY 142.77 million in the same period of 2022, representing an increase in losses of approximately 58.5%[58] - The basic and diluted earnings per share for the first quarter of 2023 were both CNY -0.21, compared to CNY -0.18 in the first quarter of 2022[58] - Q1 2023 operating profit was -¥150,032,843.15, compared to -¥107,204,977.00 in Q1 2022, indicating a decline in profitability[73] - Q1 2023 net profit was -¥155,073,254.63, worsening from -¥108,066,999.89 in Q1 2022[73] Assets and Liabilities - Total assets increased by 7.40% to CNY 10,831,163,207.93 compared to the end of the previous year[10] - As of March 31, 2023, the company's total assets reached approximately CNY 10.83 billion, an increase from CNY 10.09 billion as of December 31, 2022, representing a growth of about 7.3%[52] - The total current assets increased to CNY 2.98 billion from CNY 2.42 billion, reflecting a growth of around 23.0%[52] - Total liabilities increased to CNY 8,163,751,411.69 from CNY 7,178,487,645.11, representing a rise of about 13.7%[70] - The total current liabilities rose to CNY 2.34 billion from CNY 2.01 billion, indicating an increase of approximately 16.3%[54] - Long-term borrowings increased to CNY 1.71 billion from CNY 1.33 billion, reflecting a growth of about 28.3%[54] - The company's total equity decreased to ¥3,135,485,598.85 in Q1 2023 from ¥3,290,841,872.35 in Q1 2022[77] Cash Flow - The company reported a net cash flow from operating activities of CNY -139,737,572.09[22] - Net cash flow from operating activities for Q1 2023 was CNY -112,352,944.59, an improvement compared to CNY -175,073,126.36 in Q1 2022[65] - Cash inflow from financing activities in Q1 2023 was ¥961,483,209.57, slightly down from ¥963,561,204.18 in Q1 2022[39] - The net cash flow from financing activities for Q1 2023 was CNY 450,953,040.40, compared to CNY 133,960,777.77 in Q1 2022, indicating a significant increase[65] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 61,344[13] - The company completed the issuance of 271,438,269 shares, increasing total share capital to 1,076,479,236 shares[29] - The equity attributable to shareholders of the listed company decreased by 8.40% to CNY 2,456,359,999.36 compared to the end of the previous year[10] Operational Highlights - The company completed the acquisition of 100% equity in Hunan Tianxin Seed Industry Co., Ltd. and other related assets as part of its strategic expansion[18] - The company received government subsidies amounting to CNY 5,430,775.21, which are closely related to its normal business operations[10] Inventory and Costs - Total operating costs for Q1 2023 were ¥1,446,641,765.07, up 106.7% from ¥697,679,423.86 in Q1 2022[33] - The company’s total operating costs included operating costs of ¥1,331,865,359.46 for Q1 2023, which is an increase from ¥611,348,505.03 in Q1 2022[33] - Inventory as of March 31, 2023, was CNY 965,873,472.57, up from CNY 805,337,345.46, showing an increase of approximately 19.9%[61] - The company's inventory as of March 31, 2023, was CNY 1.73 billion, an increase from CNY 1.54 billion, showing a growth of about 12.6%[52] Other Financial Metrics - The weighted average return on net assets decreased by 2.84 percentage points to -8.81%[22] - The company reported a comprehensive loss of CNY -155,073,254.63 for the period, compared to a loss of CNY -108,066,999.89 in the previous year[64] - Financial expenses rose to ¥28,020,709.06 in Q1 2023, compared to ¥19,609,649.36 in Q1 2022[73] - The company experienced a decline in investment income, reporting -¥8,077,715.87 in Q1 2023 versus ¥1,256,390.52 in Q1 2022[73] - The company reported a significant increase in contract liabilities to ¥58,739,950.70 in Q1 2023 from ¥17,413,804.22 in Q1 2022[77]

Financial Performance - In 2022, Hunan New Wellful Co., Ltd. reported a net profit loss of ¥66,716,833.28, with accumulated undistributed profits amounting to ¥172,300,395.95 as of December 31, 2022[6]. - The company will not distribute profits or increase capital reserves for the fiscal year 2022 due to the reported losses[6]. - The total undistributed profits carried forward from previous years were ¥239,017,229.23[6]. - The company's operating revenue for 2022 was ¥4,932,239,352.73, representing a 101.78% increase compared to ¥2,444,380,351.30 in 2021[33]. - The net profit attributable to shareholders for 2022 was -¥75,998,743.99, an improvement from -¥296,302,009.77 in 2021[33]. - The basic earnings per share for 2022 was -¥0.09, compared to -¥0.44 in 2021[34]. - The company generated a net cash flow from operating activities of ¥44,795,465.65 in 2022, a significant recovery from -¥449,820,889.33 in 2021[33]. - The weighted average return on equity improved to -3.14% in 2022 from -17.39% in 2021, an increase of 14.25 percentage points[34]. - Non-recurring gains and losses totaled ¥88,227,402.05 in 2022, compared to -¥17,435,384.70 in 2021[41]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥164,226,146.04 in 2022, an improvement from -¥278,866,625.07 in 2021[33]. - The company's net assets attributable to shareholders increased by 8.96% to ¥2,681,492,134.55 at the end of 2022 from ¥2,460,914,403.07 at the end of 2021[33]. Operational Developments - The company completed a major asset restructuring in 2022, which solidified its core pig farming business and significantly increased the scale of pig sales[37]. - The company achieved a total pig output of 1.8268 million heads in 2022, representing a year-on-year increase of 122.32%, with New Wufeng (excluding Tianxin Seed Industry) contributing 1.07 million heads, up 142.15% year-on-year[50]. - The company has established a pig slaughtering capacity of 700,000 heads per year and is currently constructing projects that will add 500,000 heads and 850,000 heads of slaughtering capacity annually[52]. - The company has expanded its breeding capacity by delivering 9 new sow farms and 28 fattening pig farms, adding over 700,000 heads of annual output[56]. - The company sold 1.8268 million pigs during the reporting period, with 1.7804 million sold as live pigs and 46,400 sold as meat products[86]. - The slaughtering and cold storage business achieved a sales revenue of 746.83 million yuan, representing a 91.71% increase compared to the previous year, driven by increased slaughter volume and higher unit prices[81]. Strategic Initiatives - The company has implemented a strategy to optimize feed production and logistics, resulting in cost savings and improved supply chain efficiency[59]. - The company has focused on enhancing management practices, leading to improved survival rates and reduced costs in pig farming operations[59]. - The company has established a strong foundation for its strategic positioning following the formation of the Hunan Agricultural Development Investment Group, which supports its high-quality development goals[54]. - The company has upgraded its "company + appropriate scale small farm" model to enhance biosecurity management and eliminate smaller farms with inadequate safety measures[75]. - The company emphasizes technological innovation and collaborates with research institutions to enhance its core competitiveness and develop key technologies in the pig industry[76]. Investments and Acquisitions - The company completed the acquisition of 100% equity in Tianxin Seed Industry and related assets, with the transaction approved by the China Securities Regulatory Commission on December 29, 2022[60]. - The company completed the acquisition of Tianxin Seed Industry, enhancing its full industry chain from feed production to pig farming and processing, thereby increasing operational scale and profitability[78]. - The company invested 1.537 billion yuan during the reporting period, marking a 1,206.85% increase compared to the previous year's investment of 109.26 million yuan[101]. - The company has established several new subsidiaries to expand its operational capabilities and market presence in the pig farming industry[88]. - The company has completed part of the capital contribution to the Hunan Modern Cold Chain Logistics Holding Group Co., Ltd., with a registered capital of RMB 300 million, in which the company holds a 16% stake[142]. Risk Management and Compliance - The company has outlined potential risks in its management discussion and analysis section, advising investors to be cautious[8]. - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[8]. - The company has not violated decision-making procedures for external guarantees[8]. - The board of directors and management have ensured the accuracy and completeness of the annual report[4]. - The company has received a standard unqualified audit report from Tianjian Accounting Firm[5]. Community and Social Responsibility - The company has created 20 jobs for local Tibetan employees in Tibet, contributing to local farmers' income[64]. - The company is actively communicating with the Xiangxiang City Optimizing Human Settlements Affairs Center regarding remaining compensation funds, with discussions ongoing as of the reporting period[185].

Financial Performance - The company's operating revenue for 2022 was CNY 4,932,239,352.73, representing a 101.78% increase compared to CNY 2,444,380,351.30 in 2021[13] - The net profit attributable to shareholders of the listed company was a loss of CNY 75,998,743.99, an improvement from a loss of CNY 296,302,009.77 in the previous year[13] - The company's total assets increased by 38.40% to CNY 10,085,137,651.76 at the end of 2022, up from CNY 7,287,153,654.73 at the end of 2021[13] - The net cash flow from operating activities was CNY 44,795,465.65, a significant recovery from a negative cash flow of CNY -449,820,889.33 in 2021[13] - The company's net assets attributable to shareholders increased by 8.96% to CNY 2,681,492,134.55 at the end of 2022, compared to CNY 2,460,914,403.07 at the end of 2021[13] - The basic earnings per share for 2022 was -CNY 0.09, an improvement from -CNY 0.44 in 2021[14] - The weighted average return on equity for 2022 was -3.14%, an increase of 14.25 percentage points from -17.39% in 2021[14] Revenue Growth - The company reported a 104.38% increase in revenue after excluding non-core business income, totaling CNY 4,085,249,563.42 in 2022[13] - The company’s sales revenue and total profit both experienced growth in 2022, driven by brand building, cost control, and market expansion strategies[60] - The company achieved domestic sales revenue of CNY 2,595.12 million, an increase of 126.54% compared to the same period last year, primarily due to significant asset restructuring and increased pig output[131] - The company reported sales revenue of CNY 719.36 million from trade and other operations, a 245.10% increase year-on-year, driven by higher sales volumes of raw materials and live pig trading[132] - The slaughter and cold storage business generated sales revenue of CNY 746.83 million, up 91.71% year-on-year, attributed to increased slaughter volumes and rising unit prices[133] Asset Restructuring - The company completed a restructuring that effectively resolved internal competition issues, enhancing operational synergy and expanding its core business capabilities[43] - The company reported a significant increase in right-of-use assets, totaling ¥4,313,146,850.58, up 54.30% from ¥2,795,269,222.36 in the previous year[165] - The company completed the acquisition of 100% equity of Tianxin Seed Industry and related assets, increasing the state-owned shareholding from 36.59% to 47.37%, with the total state-owned shareholding rising to 54.24%[102] - The company initiated a major asset restructuring, including the issuance of shares and cash payments for asset acquisitions, approved by the China Securities Regulatory Commission[174] Market Expansion and Production Capacity - The company is focused on expanding its market presence and enhancing product development strategies[17] - The company delivered 9 breeding sow farms and added a breeding stock of 54,000 heads, along with 28 fattening pig farms, increasing annual fattening pig output capacity by over 700,000 heads during the reporting period[42] - The company is constructing a new slaughterhouse project with an annual capacity of 850,000 pigs, which is expected to significantly boost its slaughtering capacity[56] - The company has adopted a capacity expansion model primarily based on leasing, supplemented by self-built and renovated facilities, to enhance its breeding capacity[42] - The company aims to extend its full industry chain from feed production to pig breeding, slaughtering, and meat processing, thereby increasing its operational scale and profitability[43] Technological Advancements - The company has accelerated its digital transformation by partnering with Huawei and Zhongnan Intelligent to create a pilot project for "Smart Breeding" using 5G, AI, cloud computing, big data, and IoT technologies[78] - The company is actively engaged in research and development of alternative feed materials to mitigate the impact of fluctuating raw material prices[74] - The company has developed a comprehensive biosecurity management system to prevent cross-infection and enhance overall safety measures[146] - The company has established a technical research and development system, focusing on key technologies in pig farming to enhance its competitive edge[147] - The company is committed to technological advancements in breeding and feeding, including precision feeding techniques and standardized odor control processes, to improve production efficiency[103] Risk Management and Strategic Planning - The company has outlined potential risks and countermeasures in its management discussion and analysis section[17] - The company is committed to maintaining stable pork prices and ensuring supply in response to national policies, acting as a stabilizing force in the market[80] - The company is responding to national policies aimed at stabilizing pig production capacity, with a target of achieving a breeding scale rate of 58% by 2022 and 65% by 2025[114] Human Resources and Talent Development - The company has initiated a talent recruitment program to strengthen its technical team, focusing on graduates from agricultural universities[93] - The company has established a dual education model with local vocational colleges to ensure a continuous supply of quality talent for its entire industry chain[121] Financial Position and Liabilities - The company has a strong financial position, leveraging both direct and indirect financing methods to support its development needs, backed by credit support from multiple banks[125] - Long-term borrowings surged by 116.29% to ¥1,332,135,693.54, driven by business needs for additional bank loans[165] - The company’s other current liabilities increased by 152.67% to ¥2,989,965.75, mainly due to an increase in the turnover tax[165] Industry Recognition and Compliance - The company has been recognized for its management practices, being named a benchmark enterprise by the State-owned Assets Supervision and Administration Commission and included in the "Excellent Practice Cases for Rural Revitalization" by the China Listed Companies Association[118] - The company has built a comprehensive quality assurance system for its products, ensuring traceability and compliance with EU standards[128] - The company is recognized as a key player in the agricultural industry, holding various titles and certifications that enhance its market position and operational capabilities[136]

Financial Performance - The company's operating revenue for Q3 2022 was ¥1,359,648,564.22, representing a year-on-year increase of 180.04%[6] - The net profit attributable to shareholders for the same period was ¥24,902,087.65, while the net profit for the year-to-date was -¥151,797,468.76[6] - The net profit after deducting non-recurring gains and losses for Q3 2022 was ¥27,578,086.87, with a year-to-date figure of -¥223,005,896.94[10] - Total operating revenue for Q3 2022 reached ¥2,547,017,823.32, a significant increase of 75% compared to ¥1,453,929,997.30 in the same period of 2021[35] - Net profit for Q3 2022 was a loss of ¥146,549,596.27, compared to a loss of ¥99,130,738.14 in Q3 2021, indicating a worsening of 48%[38] - The net profit for the first three quarters of 2022 was a loss of approximately ¥127.74 million, compared to a loss of ¥91.79 million in the same period of 2021, indicating a deterioration in profitability[55] Assets and Liabilities - Total assets at the end of Q3 2022 were ¥6,323,602,926.62, an increase of 16.96% compared to the end of the previous year[10] - The company's total assets amounted to approximately CNY 6.32 billion, an increase from CNY 5.41 billion as of December 31, 2021, representing a growth of about 16.9%[29] - The company's total liabilities amounted to approximately CNY 2.99 billion, reflecting a decrease from CNY 3.06 billion in the previous year[29] - The total liabilities increased to ¥4,222,421,276.48 in Q3 2022 from ¥3,175,748,652.24 in Q3 2021, marking an increase of 33%[35] - The total liabilities increased to approximately ¥2.99 billion in 2022 from ¥2.37 billion in 2021, reflecting a growth of 26.3%[52] Equity and Shareholder Information - The equity attributable to shareholders decreased by 7.14% to ¥1,975,597,937.23 compared to the end of the previous year[10] - The company's total equity decreased to ¥2,101,181,650.14 in Q3 2022 from ¥2,230,881,246.41 in Q3 2021, a decline of 6%[35] - The company reported a total equity of approximately ¥2.17 billion in 2022, down from ¥2.30 billion in 2021, indicating a decrease of 5.6%[52] - The total number of ordinary shareholders at the end of the reporting period was 68,795[15] Cash Flow - The company reported a net cash flow from operating activities of -¥174,693,334.30 year-to-date[10] - The company reported a net cash inflow from operating activities of ¥2,643,193,208.16 for the first three quarters of 2022, compared to ¥1,572,139,390.63 in the same period of 2021, representing a 68% increase[40] - The company's cash flow from operating activities showed a net outflow of approximately ¥199.99 million, an improvement from a net outflow of ¥283.54 million in the same period of 2021[58] - The company's cash and cash equivalents were approximately CNY 345.53 million, down from CNY 833.41 million, indicating a decrease of about 58.5%[26] Investment and Financing Activities - The company plans to acquire 100% equity of Hunan Tianxin Seed Industry Co., Ltd. and several other agricultural companies, with the transaction submitted to the China Securities Regulatory Commission for approval[22] - The company has suspended the review of its restructuring application due to the expiration of audited financial data but has since resumed the application process[23] - The company's short-term borrowings decreased to approximately CNY 558.56 million from CNY 714.83 million, a reduction of about 21.8%[29] - Financing cash inflow was approximately $1.04 billion, down from $1.46 billion in the previous year[46] - Net cash flow from financing activities was negative $44.10 million, a decline from a positive $510.21 million year-over-year[46] Research and Development - Research and development expenses for Q3 2022 amounted to ¥13,466,324.91, which is a 45% increase from ¥9,294,906.95 in Q3 2021[35] - Research and development expenses increased to approximately ¥12.69 million in 2022 from ¥9.13 million in 2021, marking a rise of 39.5%[52] Financial Expenses - The company experienced a significant increase in financial expenses, which rose to ¥91,401,345.11 in Q3 2022 from ¥40,958,436.68 in Q3 2021, an increase of 123%[35] - The company incurred financial expenses of approximately ¥64.27 million in 2022, up from ¥33.26 million in 2021, reflecting an increase of 93.5%[52]

1 证券代码：600975 证券简称：新五丰 公告编号：2022-075 湖南新五丰股份有限公司 关于参加 2022 年湖南辖区上市公司投资者 网上集体接待日活动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 为进一步增强与投资者的互动交流，湖南新五丰股份有限公司（以下简称"公 司"）将参加由中国证券监督管理委员会湖南监管局、湖南省上市公司协会与深圳 市全景网络有限公司联合举办的"湖南辖区上市公司2022年投资者网上集体接待 日"活动，现将有关事项公告如下： 本次投资者网上集体接待日活动将通过深圳市全景网络有限公司提供的网上 平 台 ，采取 网 络 远 程 的 方 式 举 行 ， 投 资 者 可 以 登 陆 " 全 景 路 演 "网站 （http://rs.p5w.net），参与公司本次投资者网上集体接待日活动，活动时间为2022 年9月29日（星期四）下午15:30－16:55。 届时公司董事会秘书、证券事务代表将通过网络文字交流形式与投资者进行 沟通。欢迎广大投资者积极参与。 特此公告。 湖南新五丰股份有限公司董事 ...

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2022, representing a year-on-year increase of 15%[16]. - Net profit attributable to shareholders reached RMB 150 million, up 10% compared to the same period last year[16]. - The company's operating revenue for the first half of the year reached ¥1,187,369,259.10, representing a 22.61% increase compared to ¥968,414,903.05 in the same period last year[23]. - The net profit attributable to shareholders was -¥176,699,556.41, a significant decline of 338.98% from a profit of ¥73,937,694.73 in the previous year[23]. - The net cash flow from operating activities was -¥414,433,872.74, compared to -¥241,977,583.87 in the same period last year, indicating worsening cash flow[23]. - The total assets increased by 13.54% to ¥6,138,852,862.85 from ¥5,406,629,898.65 at the end of the previous year[23]. - The basic earnings per share decreased to -¥0.22, down 300.00% from ¥0.11 in the same period last year[23]. - The company achieved a revenue of CNY 1,187,369,259.10, an increase of 22.61% compared to the same period last year, primarily due to increased sales volume in pig farming and slaughtering businesses[72]. - The company reported a net cash flow from operating activities of CNY -414,433,872.74, indicating a significant cash outflow compared to CNY -241,977,583.87 in the previous year[72]. - The company’s domestic sales revenue reached CNY 64,277.96 million, a substantial increase of 99.84% year-on-year, driven by higher sales volume[71]. Market Expansion and Product Development - The company plans to launch two new product lines in Q3 2022, focusing on organic feed and health supplements[16]. - Future outlook includes a projected revenue growth of 12% for the second half of 2022, driven by market expansion strategies[16]. - The company is focused on expanding its full industry chain layout in pig farming, including feed production, breeding, and meat processing[30]. - The company is currently constructing a new slaughterhouse and cold chain distribution project, which is expected to enhance its processing capacity[33]. - The company has established a diversified product structure, including live pigs, fresh meat, and feed, optimizing distribution in both domestic and Hong Kong-Macau markets[30]. - The company is investing in a new feed factory with an annual production capacity of 240,000 tons, which is currently under construction[34]. - The company operates in both export and domestic sales of live pigs, with domestic sales primarily conducted through an online bidding platform[35]. Operational Efficiency and Innovation - Research and development expenses increased by 25% to RMB 50 million, emphasizing the commitment to innovation[16]. - The company has established a comprehensive internal supervision system to enhance management efficiency and operational effectiveness, focusing on key areas such as major fund usage and procurement processes[46]. - The company has optimized its headquarters management by establishing an information center to drive digital and intelligent transformation, enhancing operational efficiency[48]. - The company completed the intelligent transformation of four pig farms during the reporting period, significantly improving its breeding facilities and operational standards[50]. - The company has implemented a standardized and intelligent breeding model, enhancing biosecurity measures and management systems across its operations[50]. - The company has developed a comprehensive biosecurity management system, focusing on training and strict adherence to safety protocols to prevent disease outbreaks[51]. - The company emphasizes technological innovation and has initiated multiple research projects to address key challenges in pig breeding, enhancing its competitive edge[52]. Risk Management and Challenges - The company has identified key risks including market volatility and supply chain disruptions, with strategies in place to mitigate these risks[16]. - The company is actively involved in futures hedging to mitigate the impact of price volatility in raw materials and products[43]. - The company faces a risk of approximately 10% mortality rate in pig farming, with a survival rate of about 90%[131]. - The company has implemented a comprehensive disease prevention system to mitigate risks associated with African swine fever, focusing on timely monitoring and response[132]. - The company aims to reduce the density of pig farming to minimize cross-infection risks and control potential losses from diseases[132]. - Environmental regulations are becoming stricter, leading to increased operational costs for the company, which is committed to improving its environmental management systems[138]. Investments and Acquisitions - The company is exploring potential acquisitions to enhance its supply chain efficiency and market presence[16]. - The company initiated a merger and acquisition process to address internal competition and reduce related transactions, with plans to strengthen collaboration with Tianxin Seed Industry[67]. - The company has committed CNY 3.57 million in cumulative payments for the construction of a new slaughter and cold chain distribution project[85]. - The company has established a new investment fund with a remaining scale of 750 million yuan, focusing on investments that support its main business operations[192]. Environmental and Social Responsibility - The company is committed to reducing carbon emissions through various measures, including the construction of low-carbon standardized pig farms and the implementation of automated feeding systems[171]. - Hunan New Wufeng Co., Ltd. is actively involved in poverty alleviation by implementing a "modular breeding unit" model in impoverished villages, ensuring stable income for local communities[175]. - The company has established an environmental protection team to develop odor treatment technologies for pig farms, aiming to reduce emissions from both the source and the treatment process[170]. - Hunan New Wufeng Co., Ltd. is enhancing wastewater treatment processes to meet discharge standards and promote resource recycling, creating additional economic benefits[170]. Legal and Compliance Issues - The company is involved in a significant lawsuit with Changsha Ruijian Agricultural Technology Co., Ltd., with a claim amount of RMB 26,070,732.93[197]. - The lawsuit has not resulted in any estimated liabilities for the company[197]. - The company held a board meeting on April 26, 2022, to approve daily related party transactions[200]. - The company disclosed the details of daily related party transactions in announcements on the Shanghai Stock Exchange[200].

Financial Performance - The company's operating revenue for Q1 2022 was ¥367,924,783.94, representing a decrease of 19.02% compared to the same period last year[6]. - The net profit attributable to shareholders was -¥112,084,865.45, a decline of 357.54% year-over-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥168,171,232.09, down 484.08% from the previous year[6]. - The basic earnings per share for the quarter was -¥0.14, reflecting a decrease of 300.00% compared to the same period last year[6]. - Net profit for Q1 2022 was a loss of ¥120,698,283.54, compared to a profit of ¥42,635,923.63 in Q1 2021[32]. - The company's gross profit margin decreased significantly, reflecting the increase in operating costs relative to revenue[30]. - The company reported a total operating profit of approximately -¥188.71 million for Q1 2022, compared to a profit of ¥49.69 million in Q1 2021[47]. Assets and Liabilities - The total assets at the end of the reporting period were ¥5,783,704,960.38, an increase of 6.97% from the end of the previous year[9]. - The equity attributable to shareholders decreased by 5.27% to ¥2,015,310,540.54 compared to the end of the previous year[9]. - The total liabilities of the company were RMB 1,089,330,001.67, a decrease from RMB 1,262,016,004.80 at the end of 2021, reflecting a reduction of approximately 13.69%[24]. - The company's total liabilities increased to ¥3,666,171,997.52 in Q1 2022, compared to ¥3,175,748,652.24 in Q1 2021, showing a rise in financial obligations[30]. - The company's total liabilities were CNY 2,595,520,067.48, compared to CNY 2,365,221,812.17 at the end of 2021[45]. Cash Flow - The net cash flow from operating activities was -¥183,477,426.73, with no applicable year-over-year comparison[6]. - In Q1 2022, the company's cash inflow from operating activities was CNY 410,552,036.94, a decrease of 20.6% compared to CNY 517,199,449.75 in Q1 2021[36]. - The cash inflow from financing activities was CNY 690,281,204.18, an increase from CNY 654,803,099.83 in Q1 2021[37]. - The net cash flow from financing activities was CNY 193,297,413.45, down from CNY 377,334,846.59 in the same quarter last year[37]. - The company's net increase in cash and cash equivalents was CNY -28,581,662.96, compared to an increase of CNY 113,630,572.31 in the same period last year[37]. Expenses - The total operating costs for Q1 2022 were ¥563,206,202.45, an increase of 37.5% from ¥409,232,250.34 in Q1 2021[30]. - Research and development expenses rose to ¥4,765,802.58 in Q1 2022, up from ¥2,593,928.24 in Q1 2021, indicating a focus on innovation[30]. - The company reported a significant increase in financial expenses by 130.34% due to increased bank borrowings and financing interest[9]. - The company incurred financial expenses of approximately ¥19.61 million in Q1 2022, which is a significant increase from ¥9.20 million in Q1 2021[47]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 52,618[12]. - The equity attributable to shareholders decreased to ¥2,015,310,540.54 in Q1 2022 from ¥2,127,395,405.99 in Q1 2021, indicating a decline in shareholder value[30]. Strategic Initiatives - The company is in the process of planning a major asset restructuring, with announcements made on April 16, 2022, and subsequent updates on April 23 and April 28, 2022[18]. - The board of directors approved a proposal for issuing shares and cash to purchase assets and raise supporting funds, indicating a strategic move towards expansion and investment[18].

Financial Performance - The company reported a net profit of -256,369,650.89 RMB for the year 2021, with accumulated undistributed profits available for distribution to shareholders amounting to 239,017,229.23 RMB as of December 31, 2021[7]. - The company will not distribute profits or increase capital reserves for the year 2021 due to the reported losses[7]. - In 2021, the company's operating revenue was approximately ¥2.00 billion, a decrease of 26.47% compared to ¥2.72 billion in 2020[29]. - The net profit attributable to shareholders was approximately -¥280.26 million, representing a decline of 199.13% from ¥282.72 million in 2020[29]. - The net cash flow from operating activities was -¥530.14 million, a decrease of 440.91% compared to ¥155.51 million in 2020[29]. - The total assets at the end of 2021 reached approximately ¥5.41 billion, an increase of 142.61% from ¥2.23 billion at the end of 2020[29]. - The basic earnings per share for 2021 was -¥0.41, a decline of 195.35% from ¥0.43 in 2020[29]. - The weighted average return on equity was -19.50% in 2021, down 41.32% from 21.82% in 2020[29]. - The company achieved a total operating revenue of ¥2,002,862,891.24, a decrease of 26.47% compared to the previous year, primarily due to a decline in pig prices[84]. - The company reported a net cash flow from operating activities of -¥530,136,533.08, a significant decline from ¥155,506,162.85 in the previous year, indicating cash flow challenges[84]. - Financial expenses increased by 676.74% year-on-year, primarily due to the implementation of new accounting standards and increased bank borrowings[88]. - The total expenses for the reporting period amounted to 2.099167 billion yuan, an increase of 55.74% compared to the previous year[107]. Operational Highlights - The company completed the construction and commissioning of 32 pig farm projects during the reporting period, adding a total capacity of 3.01 million breeding pigs and 642,800 fattening pigs annually[47]. - The company achieved a 28.8% increase in pork production, reaching 5.296 million tons in 2021, contributing to the overall growth in the meat supply market[52]. - The company reported a 27.4% increase in pig slaughtering, totaling 67.128 million heads in 2021, compared to the previous year[4]. - The company has established a full industry chain layout, including feed production, breeding, pig farming, slaughtering, and meat processing[6]. - The company is a key player in the live pig export market, particularly to Hong Kong and Macau, with a history of over 60 years in this business[5]. - The company has established a complete pig industry chain, enhancing its ability to resist market risks and adjust product structures during price fluctuations[64]. - The company has implemented a comprehensive internal control system to enhance management efficiency and operational effectiveness[68]. - The company has optimized its sales team management structure to improve headquarters management efficiency and control capabilities[72]. Strategic Initiatives - The company emphasized the importance of high-quality development and the integration of party building with production operations in 2021[39]. - The company is investing in new projects, including a pig slaughtering and cold chain distribution project with an annual capacity of 500,000 pigs[6]. - The company plans to build a new feed factory with an annual production capacity of 240,000 tons, currently in the preparation stage[6]. - The company has developed a "14th Five-Year" development plan for the pig industry, outlining a strategic framework for high-quality growth[47]. - The company plans to engage in commodity futures hedging to mitigate the impact of price volatility on its operations[67]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its product offerings[178]. - The company is focusing on enhancing its logistics and supply chain capabilities to improve operational efficiency and customer service[178]. - The company is committed to promoting innovation and risk prevention as key components of its operational strategy for 2022[199]. Research and Development - Research and development expenses increased by 81.60% to ¥16,344,007.21, reflecting the company's commitment to enhancing its technological capabilities[84]. - The total R&D investment accounted for 0.82% of operating income, with no capitalized R&D expenses[108]. - The number of R&D personnel was 23, representing 1.01% of the total workforce[109]. - The company is actively collaborating with research institutions to develop key technologies in the pig industry, enhancing its core competitiveness and promoting high-quality development[78]. Market Position and Future Outlook - The company is positioned to benefit from supportive national policies aimed at modernizing the livestock industry and ensuring stable pork supply[189]. - The overall market for pork consumption in China is projected to grow at an annual rate of 1.5%, reaching 63.2 million tons by 2025[192]. - Future outlook suggests a focus on expanding breeding capacity and enhancing production efficiency, aiming for a stable output of approximately 60 million pigs annually by 2023[192]. - The competitive landscape shows that the industry remains fragmented, with a target of achieving a breeding scale rate of 58% by 2022 and 65% by 2025[192]. - The company is focusing on optimizing the entire industry chain by extending, supplementing, and strengthening the chain, with an emphasis on technological upgrades and intelligent farming[197].