NWF(SH:600975)2017-10-30 16:00Financial Performance - Net profit attributable to shareholders decreased by 74.42% to CNY 52,599,766.67 for the period from January to September[9] - Basic earnings per share decreased by 74.19% to CNY 0.08[9] - The company expects a net profit of ¥40 million to ¥60 million for the year 2017, indicating a decline compared to the previous year due to falling pig prices[17] - The company reported a net profit of CNY 1,023,114.65 for the third quarter, compared to a loss of CNY 288,126.27 in the same quarter last year, indicating a turnaround in profitability[31] - The company's total profit for the first nine months of 2017 reached ¥53,031,933.47, a decline of 73.9% compared to ¥204,273,963.47 in the same period last year[37] - Net profit for Q3 2017 was ¥6,686,050.11, down 89.1% from ¥61,401,503.96 in Q3 2016[38] Revenue and Income - Operating income increased by 10.03% to CNY 1,296,857,097.30 for the period from January to September[9] - Total revenue for the first nine months of 2017 reached CNY 1,296,857,097.30, an increase from CNY 1,178,679,481.24 in the same period last year, representing a growth of approximately 10.0%[31] - Total operating revenue for Q3 2017 was ¥257,323,154.70, a decrease of 5.9% compared to ¥271,971,961.06 in Q3 2016[37] - The cash inflow from sales of goods and services reached ¥1,406,527,717.02, an increase of 6.5% compared to ¥1,320,959,758.08 in the same period last year[41] Assets and Liabilities - Total assets decreased by 7.77% to CNY 1,766,010,392.42 compared to the end of the previous year[9] - The total assets decreased from ¥1,914,835,202.05 to ¥1,766,010,392.42, reflecting a decline in current assets[21] - The company's total assets as of September 30, 2017, amounted to CNY 1,540,216,205.93, a decrease from CNY 1,573,505,092.03 at the beginning of the year, reflecting a decline of approximately 2.1%[27] - The total liabilities decreased to CNY 238,508,092.16 from CNY 259,575,294.04, showing a reduction of about 8.1%[27] - The total equity attributable to shareholders was CNY 1,301,708,113.77, slightly down from CNY 1,313,929,797.99 at the start of the year, a decrease of approximately 0.9%[27] Cash Flow - Net cash flow from operating activities increased by 73.36% to CNY 165,048,108.46 for the period from January to September[9] - The net cash flow from operating activities amounted to ¥165,048,108.46, significantly up from ¥95,208,096.80 year-on-year, reflecting a growth of 73.3%[41] - The cash inflow from operating activities totaled ¥938,599,986.90, up from ¥781,607,996.78, marking a year-on-year increase of 20.1%[45] - The cash flow from financing activities resulted in a net outflow of -¥65,267,558.40, worsening from -¥16,316,889.60 in the previous year, indicating increased financial strain[46] Operating Costs - Operating costs for the same period were CNY 1,256,501,593.76, up from CNY 1,000,347,816.85, indicating a year-over-year increase of about 25.6%[31] - Operating costs for Q3 2017 were ¥242,345,729.48, an increase of 21.1% from ¥199,984,039.08 in Q3 2016[37] Shareholder Information - The total number of shareholders at the end of the reporting period was 66,651[11] - The largest shareholder, Hunan Grain and Oil Food Import and Export Group, holds 30.95% of the shares[11] Non-Operating Income and Expenses - Non-operating income from government subsidies amounted to CNY 6,059,847.85 for the period from January to September[12] - The company reported a net loss from non-operating asset disposal of CNY 1,168,924.19 for the period from January to September[12] - The company recorded a total of ¥1,203,724.28 in non-operating expenses for Q3 2017, compared to ¥61,509.32 in Q3 2016[37] Investment Activities - The total cash outflow from investment activities was ¥425,086,498.19, compared to ¥25,794,610.86 in the previous year, indicating a substantial increase in investment expenditures[42] - The net cash flow from investment activities was -¥315,702,604.18, a decline from ¥160,857,680.58 in the same period last year, showing a negative shift in investment returns[42]