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].

Financial Performance - The company's operating revenue for Q3 2021 was ¥485,515,094.25, a decrease of 45.95% compared to the same period last year[10] - The net profit attributable to shareholders of the listed company was -¥174,361,178.92, a decline of 298.42% year-on-year[10] - The net cash flow from operating activities was -¥371,774,050.79, representing a decrease of 517.97% compared to the previous year[10] - Total operating revenue for the first three quarters of 2021 was ¥1,453,929,997.30, a decrease of approximately 20.3% compared to ¥1,823,173,714.96 in the same period of 2020[31] - Net profit for the third quarter of 2021 was -¥99,130,738.14, compared to a net profit of ¥236,136,662.30 in the same quarter of 2020, reflecting a significant decline[36] - Total comprehensive income for the third quarter of 2021 was -¥99,130,738.14, compared to ¥236,136,662.30 in the same quarter of 2020, indicating a substantial decline[36] Assets and Liabilities - Total assets increased to ¥4,145,709,857.32, an increase of 86.03% from the end of the previous year[10] - The company's total liabilities reached RMB 2,759,635,828.20, compared to RMB 727,428,454.90 in the previous year, marking an increase of about 278%[28] - The owner's equity decreased to RMB 1,386,074,029.12 from RMB 1,501,089,423.78, reflecting a decline of approximately 7.7%[28] - The company's total equity decreased slightly from 1,501,089,423.78 RMB to 1,489,078,546.46 RMB, a decline of about 0.8%[51] - Non-current liabilities rose significantly from 89,515,783.37 RMB to 499,833,383.40 RMB, an increase of about 458.5%[51] Cash Flow - The net cash flow from operating activities for the first three quarters of 2021 was -¥371,774,050.79, a stark contrast to a positive cash flow of ¥88,947,202.44 in the same period of 2020[40] - Cash received from operating activities totaled ¥1,611,923,833.21 in the first three quarters of 2021, a decrease from ¥1,969,867,033.58 in the same period of 2020[40] - The net cash flow from investment activities was -227,838,049.77 RMB, compared to -221,148,956.48 RMB in the previous period, indicating a slight increase in cash outflow[43] - The net cash flow from financing activities was 510,206,238.50 RMB, compared to 259,550,303.77 RMB previously, showing improved financial management[43] Shareholder Information - The total number of common shareholders at the end of the reporting period was 84,220[18] - The largest shareholder, Hunan Grain and Oil Food Import and Export Group Co., Ltd., held 30.88% of the shares[18] Operational Insights - The company attributed the decline in revenue and profit primarily to falling pig prices and rising feed costs[14] - Research and development expenses increased to ¥9,294,906.95 in the first three quarters of 2021, up from ¥5,538,379.17 in 2020, representing a growth of approximately 67.5%[31] - The company reported a significant increase in financial expenses, which rose to ¥40,958,436.68 in the first three quarters of 2021, compared to ¥7,915,130.66 in the same period of 2020[31] Future Outlook - The company provided a future outlook with a revenue guidance of 1.5 billion RMB for Q4 2021, reflecting an expected growth of 25%[52] - New product launches are anticipated to contribute an additional 300 million RMB in revenue over the next quarter[52] - The company is investing 100 million RMB in R&D for new technologies aimed at enhancing product efficiency[52] - Market expansion plans include entering two new provinces, projected to increase market share by 10%[52] - The company is exploring potential acquisitions to enhance its product portfolio, with a budget of 500 million RMB allocated for this purpose[52] - A new marketing strategy is expected to boost brand awareness by 30% in the next six months[52] Performance Metrics - The basic earnings per share were -¥0.27, a decrease of 307.69% compared to the same period last year[10] - The weighted average return on net assets was -12.42%, a decrease of 18.95 percentage points year-on-year[10] - Basic earnings per share for the third quarter of 2021 were -¥0.15, down from ¥0.36 in the same quarter of 2020[36] - The gross margin for Q3 2021 improved to 35%, up from 30% in the previous quarter[52] - Operating expenses were reduced by 5% compared to the previous quarter, contributing to overall profitability[52]

证券代码：600975 证券简称：新五丰 公告编号：2021-067 湖南新五丰股份有限公司 关于参加 2021 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个别及连带责任。 ●活动时间：2021年9月24日15:00－17:00 ●活动地点："全景·路演天下"网站（http://rs.p5w.net）或关注"全景财经" 微信公众号 ●活动方式：网络在线交流 为进一步加强与投资者的互动交流，使广大投资者能更深入全面地了解公司 情况，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 "2021年湖南辖区上市公司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·路演天下"网站 （http://rs.p5w.net）或关注微信公众号"全景财经"参与本次活动，活动时间为2021 年 ...

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 968.41 million, an increase of 4.71% compared to CNY 924.83 million in the same period last year[23]. - The net profit attributable to shareholders of the listed company decreased by 50.49% to CNY 73.94 million from CNY 149.35 million year-on-year[23]. - The net cash flow from operating activities was negative at CNY -241.98 million, a significant decline of 444.73% compared to CNY 70.19 million in the previous year[23]. - The total assets increased by 65.27% to CNY 3.68 billion from CNY 2.23 billion at the end of the previous year[23]. - The net assets attributable to shareholders of the listed company rose by 2.06% to CNY 1.46 billion compared to CNY 1.43 billion at the end of the previous year[23]. - Basic earnings per share decreased by 52.17% to CNY 0.11 from CNY 0.23 in the same period last year[23]. - The weighted average return on net assets was 5.06%, down from 12.04% year-on-year, reflecting a decrease of 6.98%[23]. - The company achieved a revenue of 968.41 million yuan and a net profit of 73.94 million yuan during the reporting period[55]. - The company reported a total revenue of 19,204.07 million, with a significant increase of 42.23% compared to the previous period[107]. - The company has set a future outlook with a revenue target of 61,436.24 million, aiming for a 13,896 million increase in the next quarter[107]. Operational Developments - The company operates in the livestock industry, focusing on pig farming, meat sales, and feed processing, establishing a complete industrial chain from feed production to meat processing[29]. - The company has a slaughtering capacity of 700,000 pigs per year and a cold storage capacity of 40,000 tons[32]. - The company plans to establish a new subsidiary for a slaughtering and cold chain distribution project with an annual capacity of 500,000 pigs and a cold storage of 4,000 tons[32]. - The company aims to enhance its "company + appropriate scale small farm" model, optimizing farmer structures and adjusting profit distribution mechanisms[32]. - The company has established a complete pig industry chain, enhancing its risk resistance and regional competitiveness, with a focus on standardized and large-scale breeding practices[40]. - The company has initiated a digital transformation in pig farming through a partnership with Huawei, aiming to reduce production costs and improve breeding quality[45]. - The company has implemented a standardized and intelligent breeding model, significantly upgrading its breeding facilities to enhance industry competitiveness[45]. - The company has established a new subsidiary, Hunan Shunxin Food Co., Ltd., with a registered capital of CNY 100 million to invest in a slaughter and cold chain distribution project[84]. - The company has invested in a new breeding base and feed processing plant for Tibetan pigs, increasing its registered capital to CNY 35.2049 million, with the company holding a 20% stake[62]. Market and Industry Trends - The pig farming industry in China has seen a rise in scale, with the scale farming rate reaching 57.1% in 2020, an increase of 4.1 percentage points from the previous year[36]. - In the first half of 2021, the national pork production increased by 35.9% compared to the same period in 2020, with a total of 2,715 million tons produced[36]. - As of the end of Q2 2023, the national pig inventory reached 43.91 million heads, a year-on-year increase of 29.2%, recovering to 99.4% of the end of 2017 level[37]. - The number of breeding sows stood at 4.564 million heads, up 25.7%, equivalent to 102% of the end of 2017 level[37]. - In the first half of 2023, the national pig slaughter volume was 33.742 million heads, an increase of 34.4% year-on-year, while pork production reached 2.715 million tons, up 35.9%[37]. Risk Management and Compliance - The company has outlined potential risks in the management discussion and analysis section of the report[8]. - The company has established a comprehensive biosecurity management system to prevent African swine fever, including a strict "three zones and two lines" disinfection management system[49]. - The company has implemented a risk-sharing mechanism for African swine fever prevention, enhancing collaboration between management and farms[58]. - The company has focused on digital transformation and capacity expansion despite challenges from COVID-19 and fluctuating feed prices[55]. - The company has established a comprehensive epidemic prevention system to mitigate risks associated with pig diseases, particularly African swine fever[116]. - The company is committed to maintaining a robust epidemic prevention framework, including regular training and monitoring of staff to ensure compliance with biosecurity protocols[116]. Investment and Financing - The company plans to raise up to 1.03 billion yuan through a non-public offering of up to 152,365,383 new shares[50]. - The company completed a non-public offering to raise up to CNY 1.02999 billion to expand pig farming scale and improve market competitiveness[69]. - The company has received credit support from multiple banks to facilitate its funding needs for expansion[123]. - The company is in a rapid growth phase requiring significant funding; it plans to utilize retained earnings and capital market financing to support expansion[123]. Environmental Management - The company has implemented environmental protection measures to comply with national standards, but increasing regulations may lead to higher operational costs[120]. - The company’s wastewater discharge meets national standards, with specific discharge limits for COD, ammonia nitrogen, and BOD[134]. - The company has established a comprehensive wastewater treatment system, ensuring compliance with environmental regulations across its subsidiaries[135]. - The company is actively enhancing its environmental management system and increasing investments in environmental protection facilities[120]. - The company is committed to reducing carbon emissions through low-carbon pig farming practices and the use of automated feeding systems[161]. Social Responsibility and Community Engagement - The company actively engages in rural revitalization efforts to support poverty alleviation initiatives[166]. - The company has implemented a "modular breeding unit" poverty alleviation model in Pingjiang County, achieving approximately CNY 560,000 in income for the village group in 2021[167]. - The company has signed cooperative breeding agreements with impoverished households, resulting in a live pig inventory of 4,800 heads and generating over CNY 900,000 in income for these households[168]. - Guangzhou Zhuangzhuang Technology Development Co., Ltd. has committed CNY 300,000 annually to local public welfare projects to support rural revitalization[168]. Legal and Regulatory Matters - The company has ongoing litigation with a claim amounting to approximately ¥26.07 million, with a second-instance judgment already made[198]. - The arbitration case involving the company has a claim amount of approximately ¥11.02 million, with a decision already rendered[198]. - The company has a long-term commitment to ensure that the conditions for stock option incentives are linked to the execution of compensation measures[187]. - The company will strictly comply with relevant regulations during the issuance process, ensuring no improper benefits are provided to related parties[186].

Financial Performance - Net profit attributable to shareholders decreased by 56.69% to CNY 43,521,867.11 from CNY 100,491,171.41 year-on-year[10] - Operating revenue rose by 6.52% to CNY 454,351,749.81 compared to CNY 426,528,313.85 in the same period last year[10] - Basic earnings per share fell by 53.33% to CNY 0.07 from CNY 0.15 in the same period last year[10] - The company's net profit for the period from January 1, 2021, to June 30, 2021, is expected to decline, estimated between 60 million to 90 million yuan[19] - The company reported a net profit of ¥577,932,956.79, compared to ¥539,957,516.51, reflecting an increase of about 7%[35] - The company’s total profit for Q1 2021 was approximately ¥43.86 million, down from ¥101.31 million in Q1 2020, indicating a decline of 56.7%[42] - The net profit for the current period is approximately 49.32 million, down from 110.47 million in the previous period, indicating a decline of about 55.4%[49] Assets and Liabilities - Total assets increased by 51.59% to CNY 3,378,165,117.9 compared to the end of the previous year[10] - Total assets increased to ¥3,126,275,406.69, up from ¥2,095,179,984.71, representing a growth of approximately 49.3% year-over-year[34] - Current liabilities totaled 917,042,379.53 yuan, compared to 637,912,671.53 yuan in the previous period[28] - Total liabilities reached ¥1,511,955,688.53, compared to ¥518,835,706.83, marking a significant increase of around 191.5%[35] - The total liabilities amounted to 1,149,417,654.83 RMB, indicating a significant leverage position[63] Cash Flow - Net cash flow from operating activities turned negative at CNY -173,662,264.79, a decrease of 492.56% compared to CNY 44,238,217.93 in the previous year[10] - Cash flow from operating activities shows a net outflow of approximately 173.66 million, contrasting with a net inflow of 44.24 million in the same period last year[53] - Cash inflow from financing activities reached 514,194,177.33 RMB, with cash outflow totaling 143,661,529.52 RMB, leading to a net cash flow of 370,532,647.81 RMB[61] Investments and Expenses - Research and development expenses rose by 72.39% to 2,593,928.24 yuan, indicating increased investment in innovation[19] - Financial expenses surged by 521.77% to 11,857,993.24 yuan, attributed to increased bank loans and financing interest[19] - Total operating costs for Q1 2021 were approximately ¥409.23 million, up 26.5% from ¥323.60 million in Q1 2020[40] - The company paid 41,040,942.80 RMB in cash to employees, which is a substantial increase from 19,988,393.10 RMB in Q1 2020[59] Shareholder Information - The number of shareholders at the end of the reporting period was 86,907, with the largest shareholder holding 30.95% of the shares[12] - The company’s total owner's equity attributable to shareholders increased from $1,416.9 million to $1,428.7 million, reflecting a growth of approximately $11.9 million[65] Risks and Market Conditions - The company highlighted risks associated with fluctuations in pig prices, which could significantly impact performance[20]

Financial Performance - The company achieved a net profit of ¥322,694,971.13 for the year 2020, with a proposed cash dividend of ¥0.50 per 10 shares, totaling ¥32,633,779.20 (including tax) to be distributed to shareholders[6]. - The cash dividend represents 11.54% of the net profit attributable to shareholders of the listed company for 2020[6]. - As of December 31, 2020, the accumulated undistributed profits available for distribution to shareholders amounted to ¥539,957,516.51[6]. - The company's operating revenue for 2020 was CNY 2,723,731,158.81, representing a 27.85% increase compared to CNY 2,130,425,322.84 in 2019[27]. - The net profit attributable to shareholders for 2020 was CNY 282,724,071.78, a significant increase of 346.66% from CNY 63,297,284.54 in 2019[27]. - The basic earnings per share for 2020 was CNY 0.43, up 330.00% from CNY 0.10 in 2019[27]. - The weighted average return on equity for 2020 was 21.82%, an increase of 16.24 percentage points from 5.58% in 2019[27]. - The total assets at the end of 2020 were CNY 2,228,517,878.68, a 36.48% increase from CNY 1,632,840,846.63 at the end of 2019[27]. - The company reported a total revenue of 24,587.22 million, with a net profit of -408.92 million[135]. Dividend Policy - The company plans to maintain its profit distribution ratio unchanged, with adjustments to the total distribution amount if there are changes in the total share capital before the dividend distribution date[7]. - The company has revised its cash dividend policy to protect the rights of minority shareholders and ensure clear standards for profit distribution[165]. - The company has established a three-year shareholder return plan for 2020-2022, which includes cash dividends and capital reserve transfers[166]. - In 2019, the company distributed a cash dividend of 0.30 RMB per 10 shares, amounting to 19,580,267.52 RMB, which was 30.93% of the net profit attributable to ordinary shareholders[167]. Operational Efficiency - The company has optimized its organizational structure, reducing the number of functional and management departments from 13 to 7, improving management efficiency[49]. - The company has implemented a public recruitment process, resulting in 36.36% of newly appointed department managers being born in the 1980s and 54.55% holding master's degrees[49]. - The company is enhancing its digital infrastructure with 15 subsystems to improve operational efficiency and management[71]. - The company aims to optimize its management structure for capacity expansion, with responsibilities clearly defined and project management centralized under the investment development center[67]. Industry Position and Strategy - The company operates in the livestock industry, focusing on pig farming, meat sales, and feed processing, with a comprehensive supply chain from feed production to meat processing[36]. - The company is the only state-controlled listed company in Hunan focusing on the pig industry, recognized as a national key leading enterprise in agricultural industrialization[45]. - The company aims to achieve a breeding scale rate of over 65% by 2025, as per national agricultural development plans[41]. - The company is actively pursuing opportunities to expand its slaughtering capacity in response to market trends shifting from live pig trading to meat trading[67]. - The company is committed to high-quality development goals and will prioritize epidemic prevention and control measures[152]. Risk Management - The company has outlined potential risks in its report, advising investors to be aware of investment risks[11]. - The company faces a risk of pig diseases, with an average mortality rate of around 10%, leading to a survival rate of approximately 90% during large-scale breeding[153]. - The African swine fever outbreak since August 2018 has significantly impacted the pig farming industry, increasing the need for stringent biosecurity measures[155]. - The company has implemented a comprehensive disease prevention system, focusing on timely monitoring, prevention, and response to minimize losses from disease outbreaks[156]. - Fluctuations in pig prices pose a risk to the company's operations, as rapid declines or significant volatility can adversely affect production[157]. Investment and Expansion - The company has invested over 40 million yuan in innovative smart farming technology and engineering construction, enhancing production automation and data management[54]. - The company has completed a strategic layout for its feed industry, with a newly leased feed factory increasing capacity by 60,000 tons per year[67]. - The company plans to invest in the construction of pig farms and related projects, indicating a focus on market expansion[106]. - The company acquired 90% of Guangzhou Zhuangzhuang Technology Development Co., Ltd. for RMB 14,968,421 to expand its pig farming scale in Guangdong[111]. - The company is exploring new cooperative fattening models for pig farming to enhance operational efficiency[124]. Financial Management - The company has a low debt-to-asset ratio and has secured credit lines from multiple banks for indirect financing[162]. - The company has received credit support from multiple banks, allowing it to leverage capital market platforms for financing[53]. - The company’s cash flow from financing activities reached CNY 249,166,103.69, a significant increase of 1,164.93% compared to the previous year[80]. - The company has significant restricted assets, including ¥210,347,294.09 in fixed assets and ¥56,572,500.42 in intangible assets, both pledged for bank loans[100]. Research and Development - The company’s R&D expenses increased by 44.46% to CNY 9,000,062.06, indicating a focus on innovation[80]. - The company has collaborated with research institutions to develop key technologies in the pig industry, enhancing its core competitiveness[54]. - The company is actively involved in the research and development of feed and livestock technology, aiming to improve production efficiency[137]. Compliance and Governance - The company has committed to maintaining operational independence from its controlling shareholders to ensure compliance with regulatory requirements[171]. - The company has not encountered any significant accounting errors or changes in accounting policies that would impact its financial statements[179]. - The company has appointed Tianjian Accounting Firm for auditing services, with a remuneration of 55,000 RMB[181]. - The company has maintained a clean integrity status with no reported issues among its executives and major shareholders[188].

2020 年第三季度报告 公司代码：600975 公司简称：新五丰 湖南新五丰股份有限公司 2020 年第三季度报告 1 / 27 2020 年第三季度报告 一、 重要提示 二、 公司基本情况 11[ 重要事项 四、 附录 目录 2 / 27 2020 年第三季度报告 单位：元 币种：人民币 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人何军、主管会计工作负责人肖立新及会计机构负责人（会计主管人员）杨巧辉 保证季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | |-----------------------------------------------|------------------------------|-------------------------------------|---- ...

证券代码：600975 证券简称：新五丰 公告编号：2020-055 湖南新五丰股份有限公司 关于参加 2020 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个别及连带责任。 为进一步加强与投资者的互动交流，使广大投资者能更深入全面地了解公司 情况，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 "2020年湖南辖区上市公司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·路演天下"网站 （http://rs.p5w.net/），参与公司本次投资者集体接待日活动，活动时间为2020年9 月11日（星期五）下午15:00－17:00。 届时公司董事会秘书罗雁飞女士、证券事务代表解李貌先生将通过网络文字 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 ...