新五丰(600975) - 2017 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders was CNY 33,384,920.20, representing a decrease of 38.04% year-on-year[6] - Operating revenue for the period was CNY 432,414,433.61, an increase of 17.72% compared to the same period last year[6] - Basic earnings per share were CNY 0.05, a decrease of 37.50% compared to the previous year[6] - The company expects a net profit attributable to shareholders for the first half of 2017 to be between 35 million and 52.5 million RMB, indicating a decline compared to the same period last year[13] - The primary reason for the expected decline in performance is the decrease in pig prices during the first half of 2017[13] - Net profit for Q1 2017 was CNY 29,223,293.42, a decrease of 38.7% from CNY 47,614,707.89 in Q1 2016[26] - The net profit attributable to shareholders of the parent company was CNY 33,384,920.20, down 38.1% from CNY 53,884,621.58 in the previous year[26] - Operating profit for Q1 2017 was CNY 27,303,670.19, a decline of 38.7% compared to CNY 44,438,612.20 in Q1 2016[26] - The company reported a total profit of CNY 29,103,887.69 for Q1 2017, down 39.4% from CNY 47,971,558.45 in the same quarter last year[26] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,898,525,530.78, a decrease of 0.85% compared to the end of the previous year[6] - As of March 31, 2017, the company's total assets amounted to approximately 1.90 billion RMB, a decrease from 1.91 billion RMB at the beginning of the year[18] - The company's current assets totaled approximately 1.16 billion RMB, slightly down from 1.17 billion RMB at the beginning of the year[16] - The company's total liabilities decreased to approximately 571.83 million RMB from 617.37 million RMB, a decline of about 7.4%[18] - Total liabilities as of the end of Q1 2017 were CNY 238,563,815.97, a decrease from CNY 259,575,294.04 at the end of the previous year[22] - The company reported a significant decrease in accounts payable, which fell to approximately 36.25 million RMB from 63.59 million RMB, a reduction of about 43%[18] Cash Flow - The net cash flow from operating activities was CNY 69,841,633.90, down 10.05% year-on-year[6] - The company’s total cash flow from operating activities for Q1 2017 was not provided in the available documents[30] - Cash inflow from sales of goods and services increased to ¥482,446,573.23, up from ¥423,652,564.80, representing a growth of approximately 13.9%[31] - Net cash flow from operating activities decreased to ¥69,841,633.90 from ¥77,647,710.05, a decline of about 10.4%[31] - Total cash inflow from investment activities was ¥788,821.28, significantly lower than the previous period's ¥16,482,218.86[32] - Cash outflow for investment activities totaled ¥12,985,788.27, slightly up from ¥12,700,532.26, indicating a marginal increase of about 2.2%[32] - Net cash flow from financing activities was negative at -¥17,694,070.01, compared to -¥6,173,552.45 in the prior period, reflecting a worsening of approximately 186.5%[32] - The net increase in cash and cash equivalents for the period was ¥39,950,596.90, down from ¥75,255,844.20, a decrease of about 47.3%[32] - The ending balance of cash and cash equivalents rose to ¥636,900,873.20 from ¥400,801,841.57, an increase of approximately 58.8%[32] Shareholder Information - The number of shareholders at the end of the reporting period was 66,127[9] - The top shareholder, Hunan Grain and Oil Food Import and Export Group Co., Ltd., held 30.95% of the shares[9] Inventory and Receivables - Prepayments decreased by 44.34% due to the receipt of goods that offset previous payments for corn and soybean meal[12] - Accounts receivable decreased to approximately 24.58 million RMB from 27.47 million RMB, a decline of about 10.5%[16] - Inventory decreased to approximately 437.42 million RMB from 481.78 million RMB, a reduction of about 9.2%[16] Financial Ratios - The weighted average return on equity decreased by 2.22 percentage points to 2.69%[6] - Total equity increased to CNY 1,351,582,952.48 from CNY 1,313,929,797.99 year-over-year[22] - The equity attributable to shareholders increased to approximately 1.26 billion RMB from 1.22 billion RMB, reflecting a growth of about 2.7%[18] Operating Costs - Total operating costs for Q1 2017 were CNY 405,032,317.74, up 25.5% from CNY 322,658,118.44 in Q1 2016[26] - Cash outflow for employee compensation increased to ¥23,564,946.71 from ¥22,056,598.07, a rise of approximately 6.8%[31] - Cash outflow for taxes paid surged to ¥6,917,862.21 from ¥1,300,014.54, reflecting a significant increase of about 433.5%[31]