NWF(SH:600975)2018-10-29 16:00Financial Performance - Net profit attributable to shareholders was CNY -43,453,727.31, a decline of 182.61% year-on-year[9] - Operating revenue for the first nine months was CNY 1,215,448,459.32, down 6.28% from the same period last year[9] - Basic earnings per share fell by 187.50% to CNY -0.07[9] - The company expects a net loss attributable to shareholders of CNY -45 million to -67.5 million for the year 2018, indicating a significant decline in performance compared to the previous year[18] - The decline in performance is primarily attributed to a drop in pig prices and the impact of the African swine fever outbreak in the fourth quarter[18] - Net profit for the first nine months of 2018 was approximately ¥1.22 billion, a decrease of 6.3% compared to ¥1.30 billion in the same period of 2017[29] - The net profit for Q3 2018 was approximately ¥12.71 million, compared to ¥6.69 million in Q3 2017, representing an increase of 90.29%[36] Assets and Liabilities - Total assets decreased by 8.35% to CNY 1,629,306,503.20 compared to the end of the previous year[9] - The total assets decreased from CNY 1,777,786,368.97 to CNY 1,629,306,503.20, reflecting a reduction in overall financial position[22] - The company's total liabilities decreased from CNY 508,150,873.70 to CNY 472,919,882.55, indicating improved debt management[23] - The company's equity attributable to shareholders decreased from CNY 1,203,407,820.37 to CNY 1,094,686,534.66, reflecting the impact of net losses on retained earnings[23] - Total assets decreased to approximately ¥1.47 billion from ¥1.58 billion, a decline of 6.9% year-over-year[27] - Total liabilities decreased slightly to approximately ¥278.81 million from ¥281.90 million, a decrease of 1.1%[27] - Shareholders' equity decreased to approximately ¥1.19 billion from ¥1.29 billion, reflecting a decline of 8.2% year-over-year[27] Cash Flow - The company reported a net cash flow from operating activities of CNY -66,709,350.21, a decrease of 140.42% year-on-year[9] - Operating cash flow for the period from January to September was negative at -66,709,350.21 RMB, compared to a positive cash flow of 165,048,108.46 RMB in the same period last year, indicating a significant decline[38] - Total cash inflow from operating activities was 1,415,456,073.09 RMB, slightly down from 1,432,587,595.31 RMB year-on-year[38] - Cash outflow from operating activities increased to 1,482,165,423.30 RMB, compared to 1,267,539,486.85 RMB in the previous year, reflecting a rise of approximately 16.9%[38] - Cash and cash equivalents decreased by 47.30% from CNY 545,976,091.97 to CNY 287,744,130.29 due to repayment of bank loans[16] - Cash inflow from investment activities totaled 289,674,084.56 RMB, significantly higher than 109,383,894.01 RMB in the previous year, marking an increase of approximately 164.5%[39] - Cash outflow from investment activities decreased to 40,826,923.59 RMB from 425,086,498.19 RMB year-on-year, indicating a reduction of about 90.4%[39] - The company experienced a net increase in cash and cash equivalents of 15,168,038.32 RMB, contrasting with a net decrease of -307,250,744.23 RMB in the same period last year[39] Shareholder Information - The number of shareholders reached 59,427 as of the report date[12] - The largest shareholder, Hunan Grain and Oil Food Import and Export Group Co., Ltd., holds 30.95% of shares[12] - Hunan High-tech Venture Capital Wealth Management Co., Ltd. has 15.96% of shares, with 81,360,000 shares under judicial freeze[14] Operating Costs and Revenue - Total operating revenue for Q3 2018 was approximately ¥468.78 million, an increase of 8.0% compared to ¥432.88 million in Q3 2017[29] - Total operating costs for Q3 2018 were approximately ¥463.11 million, up from ¥428.16 million in Q3 2017, reflecting a year-over-year increase of 8.2%[30] - The company's operating revenue for Q3 2018 was approximately ¥291.73 million, an increase of 13.39% compared to ¥257.32 million in Q3 2017[35] - The total operating profit for Q3 2018 was approximately ¥14.98 million, compared to ¥7.38 million in Q3 2017, representing an increase of 102.16%[35] Other Income and Expenses - Non-operating income from government subsidies amounted to CNY 8,212,875.80 for the year-to-date[9] - The company reported a significant increase in other income, totaling approximately ¥13.04 million for the first nine months of 2018, compared to ¥11.03 million in the same period of 2017[30] - The company experienced a significant increase in other income, totaling approximately ¥1.82 million in Q3 2018, compared to ¥2.18 million in Q3 2017[35] - Research and development expenses for the first nine months of 2018 were approximately ¥1.47 million, a decrease of 4.0% compared to ¥1.53 million in the same period of 2017[30] - Research and development expenses for Q3 2018 were approximately ¥446.48 million, compared to ¥304.75 million in Q3 2017, reflecting an increase of 46.49%[35] - The company reported a decrease in financial expenses, with a net financial income of approximately ¥1.16 million in Q3 2018, compared to a net expense of ¥3.03 million in Q3 2017[35]