NWF(SH:600975)2016-04-29 16:00Financial Performance - Operating revenue rose by 39.00% to CNY 367,312,735.50 from CNY 264,244,669.81 in the same period last year[6] - Net profit attributable to shareholders reached CNY 53,816,971.66, a significant recovery from a loss of CNY 19,915,439.20 in the previous year[6] - Basic earnings per share improved to CNY 0.17 from a loss of CNY 0.09 per share in the previous year[6] - Operating profit for Q1 2016 was CNY 44,438,612.20, compared to a loss of CNY 28,850,139.66 in Q1 2015[29] - Net profit for Q1 2016 reached CNY 47,614,707.89, a significant recovery from a net loss of CNY 27,520,689.81 in the previous year[30] - The company's operating revenue for the current period reached ¥237,072,792.23, a significant increase of 48.5% compared to ¥159,694,087.46 in the previous period[32] - The net profit for the current period was ¥56,839,861.61, recovering from a net loss of ¥13,833,064.66 in the previous period[32] - The operating profit improved to ¥55,230,582.65, compared to an operating loss of ¥13,046,928.27 in the previous period[32] Cash Flow and Liquidity - Cash flow from operating activities surged by 1,530.29% to CNY 77,647,710.05 compared to CNY 4,762,813.79 in the same period last year[6] - The company's cash and cash equivalents increased to CNY 561,511,261.80 from CNY 501,535,417.60 at the beginning of the year, reflecting improved liquidity[21] - The total cash and cash equivalents at the end of the period amounted to ¥400,801,841.57, up from ¥84,254,008.27 at the end of the previous period[37] - The net increase in cash and cash equivalents was $51,057,391.28, compared to a decrease of $10,668,762.68 in the prior period[39] Assets and Liabilities - Total assets increased by 2.94% to CNY 1,740,506,102.32 compared to the end of the previous year[6] - Accounts receivable decreased by 47.92% to ¥42,013,688.35 due to the acquisition of Hunan Xiangrui Jian Agricultural Co., Ltd. and repayment of related accounts[12] - The company's total equity increased to CNY 1,177,581,242.47 from CNY 1,129,966,534.58, indicating a strengthening financial position[23] - Total current liabilities as of March 31, 2016, were CNY 328,054,056.54, slightly up from CNY 325,059,343.39 at the beginning of the year[22] Shareholder Information - The total number of shareholders reached 35,317, indicating a broadening shareholder base[9] - The largest shareholder, Hunan Grain and Oil Food Import and Export Group Co., Ltd., holds 32.94% of the shares, with 107,509,273 shares pledged[9] - The company has established a shareholder return mechanism and plans to actively distribute profits to shareholders when conditions permit[20] Strategic Plans and Management - The company plans to strengthen operational management and enhance profitability by expanding its pig breeding scale and improving supply chain efficiency[14] - The company aims to alleviate financial pressure by raising up to ¥529.79 million through a private placement to supplement working capital[14] - The company has established a three-party supervision system for the use of raised funds, ensuring compliance with committed purposes[14] - The company plans to enhance financial stability by improving capital structure and controlling costs[20] - The company aims to strengthen internal controls and budget management to mitigate operational risks[20] Other Financial Metrics - Non-recurring gains and losses totaled CNY 67,649.92 for the period[8] - Financial expenses decreased by 85.97% to ¥847,927.20, attributed to increased interest income from bank structured deposits[12] - The company reported a decrease in sales expenses to ¥2,505,003.35 from ¥3,185,390.39 in the previous period, reflecting improved cost management[32] - The financial expenses turned positive with a gain of ¥2,512,546.31, compared to a loss of ¥1,409,848.08 in the previous period[32]