NWF(SH:600975)2015-04-29 16:00Financial Performance - Operating revenue for the current period was ¥264,244,669.81, reflecting a growth of 2.83% year-on-year[9] - The net profit attributable to shareholders was -¥21,513,881.44, showing an improvement from -¥22,237,439.66 in the previous year[9] - Cash flow from operating activities was ¥4,762,813.79, a significant recovery from -¥6,226,369.03 in the same period last year[9] - The company’s basic and diluted earnings per share remained at -¥0.09, unchanged from the previous year[9] - The company expects a net profit attributable to shareholders of the listed company to be between -28 million yuan and -42 million yuan for the period from January 1, 2015, to June 30, 2015, primarily due to the continued low prices in the pig market[23] - Net profit for Q1 2015 was a loss of CNY 27,520,689.81, compared to a loss of CNY 23,987,001.70 in Q1 2014, representing a decline of 14.0%[36] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,314,522,889.39, an increase of 2.18% compared to the previous year[9] - Current assets totaled CNY 601,139,609.79, up from CNY 574,472,482.25, indicating an increase of about 4.5%[27] - Total liabilities reached CNY 740,014,341.88, compared to CNY 684,434,387.34 at the start of the year, marking an increase of around 8.1%[29] - The company's total liabilities to equity ratio increased from 1.14 to 1.25, indicating a higher leverage position[29] - The total equity of the company decreased to CNY 515,102,851.33 from CNY 528,935,915.99, reflecting a decline of 2.6%[33] Cash Flow - The net cash flow from operating activities was 4,762,813.79 RMB, a significant improvement compared to the previous year's loss of 6,226,369.03 RMB[42] - Total cash inflow from financing activities was 17,000,000.00 RMB, down from 146,750,000.00 RMB in the previous period[43] - The cash flow from financing activities showed a net inflow of 15,409,380.76 RMB, compared to a net outflow of 46,277,108.71 RMB last year[45] Shareholder Information - The number of shareholders totaled 21,220 at the end of the reporting period[13] - The largest shareholder, Hunan Grain and Oil Food Import and Export Group Co., Ltd., held 37.54% of the shares[13] - The company has established a shareholder return plan for the years 2014-2016, aiming to actively promote profit distribution to shareholders under conditions that meet profit distribution criteria[22] Operational Strategy - The company aims to enhance operational management and improve efficiency and profitability by extending its industrial chain in pig slaughtering, cold chain logistics, and pig trading markets[21] - The company will strengthen internal controls and implement comprehensive budget management to optimize budget processes and enhance cost management[21] - The company’s operational focus will shift towards expanding its breeding scale to enhance risk resistance and profitability[21] Investment and Financing - The company plans to raise a total of 529.79 million yuan through a private placement, which will be used entirely to supplement working capital after deducting issuance costs[21] - The company received approval from the China Securities Regulatory Commission for a non-public offering of A-shares on April 1, 2015[17] - The company completed the registration and custody of newly issued shares on April 20, 2015[17] Other Financial Metrics - Financial expenses increased by 97.44% to 6,041,596.88 due to interest capitalization related to project completion[17] - Investment income decreased by 291.02% to -453,446.73 primarily from reduced long-term equity investment returns[17] - Operating other income rose by 48.27% to 3,716,921.47, mainly from increased subsidies received[17] - The company reported a decrease in accounts receivable from CNY 109,236,816.41 to CNY 95,293,495.42, a decline of approximately 12.7%[27]