NWF(SH:600975)2015-08-28 16:00Financial Performance - The company reported a revenue of RMB 582.63 million for the first half of 2015, an increase of 3.29% compared to the same period last year[18]. - The net profit attributable to shareholders was a loss of RMB 24.79 million, an improvement from a loss of RMB 40.00 million in the previous year[18]. - The company reported a negative cash flow from operating activities of RMB 17.87 million for the reporting period[18]. - The company reported a net cash outflow from operating activities of RMB -17.8714 million, compared to RMB -10.7561 million in the previous year[30]. - The company reported a total comprehensive income loss of CNY 23,979,484.19 for the current period[119]. - The net loss for the first half of 2015 was CNY 38,420,894.01, an improvement from a net loss of CNY 44,001,217.34 in the previous year, representing a decrease in loss of approximately 12.0%[94]. - The company’s cash flow management strategies are expected to focus on improving liquidity and reducing operational costs in the upcoming quarters[99]. - The company expects to achieve a net profit of between 5 million and 7.5 million RMB for the period from January 1, 2015, to September 30, 2015, indicating a turnaround from previous losses[54]. Revenue Sources - Domestic sales revenue amounted to RMB 182.4281 million, up 4.74% year-on-year, primarily due to rising pig prices in the second quarter[27]. - The company achieved a revenue of RMB 83.6589 million from pig exports, an increase of 1.04% year-on-year, with a total export of 51,300 heads, a decrease of 4.65%[27]. - The revenue from slaughtering and cold storage business surged by 1,979.79% to RMB 160.6072 million, attributed to the launch of the Guanglian project[28]. - Total operating revenue for the period was RMB 582.6299 million, a 3.29% increase from RMB 564.0647 million in the same period last year[29]. - The livestock industry accounted for 45.68% of the main business revenue, with an increase of 3.55% year-on-year, primarily due to rising pig prices in the second quarter[34]. - Feed sales revenue represented 10.80% of the main business revenue, decreasing by 15.55% year-on-year, mainly due to a decline in external sales[36]. - Wholesale and retail revenue constituted 43.52% of total main business revenue, increasing by 9.09% year-on-year, attributed to the launch of the Guanglian project and increased revenue from slaughtering and cold storage[36]. Asset Management - The company's total assets increased by 26.74% to RMB 1.63 billion compared to the end of the previous year[18]. - The total amount of raised funds is 529.79 million RMB, with 166.85 million RMB used in the current reporting period and 166.85 million RMB cumulatively used[46]. - The remaining unused raised funds amount to 362.94 million RMB, which will be allocated according to the non-public issuance plan established in 2014[47]. - The company has invested a total of 16,000 million RMB in structured deposits to utilize temporarily idle raised funds, ensuring high safety and liquidity[43]. - The company has established a complete industrial chain from upstream raw material procurement to downstream slaughtering and processing, enhancing its risk resistance and regional competitiveness[39]. Investment and Development - The company successfully completed a non-public offering, raising a net amount of RMB 522.09 million to support future development[23]. - Research and development expenses increased by 43.97% to RMB 1.2676 million, reflecting a higher investment in R&D activities[30]. - The company has expanded its market presence by developing new external purchasing sources and successfully established two new registered export facilities during the reporting period[26]. - The company plans to achieve an annual revenue target of RMB 1.3 billion, having completed 44.82% of this target with RMB 582.63 million in the reporting period[32]. Financial Stability and Liabilities - Total liabilities decreased to ¥543,064,971.82 from ¥684,434,387.34, a reduction of about 21%[87]. - The company’s total liabilities decreased to CNY 213,745,171.95 from CNY 337,412,573.64, a reduction of 36.7%[94]. - The company will enhance its financial stability by improving capital structure and reducing financial costs, aiming to increase profitability[64]. - The company has incurred a loss of 196,376.25 RMB from the Changsha Kofenglong Biotechnology project, which has seen a total investment of 260,000 RMB[50]. Shareholder Information - As of the report date, the total number of shareholders reached 21,326[73]. - The top shareholder, Hunan Grain and Oil Food Import and Export Group Co., Ltd., holds 26,041,667 shares, representing 34.94% of the total shares, with 38,350,000 shares pledged[75]. - The second-largest shareholder, Hunan High-tech Venture Capital Wealth Management Co., Ltd., holds 52,083,333 shares, accounting for 15.96% of the total shares, with all shares pledged[75]. - The company approved a non-public offering of up to 91,977,666 shares, raising a total of approximately ¥529.79 million, with a net amount of ¥522.09 million after deducting issuance costs of ¥7.70 million[72]. Operational Challenges - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties[4]. - The company is actively managing its subsidiaries to address financial performance issues and improve overall profitability[48]. - The company has not reported any significant overdue accounts receivable that have been transferred to accounts receivable due to non-performance by the issuer[182]. - Future outlook remains cautious due to the decrease in revenue and the need for improved collection of receivables[197]. Compliance and Governance - The company has not disclosed any major litigation, bankruptcy, or asset transaction matters during the reporting period[58]. - The company has committed to not providing any financial assistance or guarantees to specific investment partners related to its non-public offering[62]. - The company’s financial statements are prepared based on the assumption of going concern, with no significant doubts about its ability to continue operations for the next 12 months[117].