Anjoy food(SH:603345)2017-04-25 16:00Financial Performance - Operating revenue for the period was CNY 804,153,467.66, representing an increase of 11.23% year-on-year[6] - Net profit attributable to shareholders of the listed company was CNY 41,791,813.98, up by 2.66% compared to the same period last year[6] - Basic earnings per share decreased by 13.79% to CNY 0.25[6] - The weighted average return on equity decreased by 1.7 percentage points to 3.73%[6] - Net profit decreased by 2.55% to ¥45,007,051.93 from ¥46,182,755.78, attributed to rising raw material costs impacting gross margin[18] - Total profit for the current period was ¥59,204,163.05, down from ¥62,252,545.58 in the previous period, indicating a decline of 4.9%[37] Assets and Liabilities - Total assets increased by 28.81% to CNY 3,192,655,637.19 compared to the end of the previous year[6] - Total liabilities rose to CNY 1,603,250,800.16, up from CNY 1,473,985,525.54, indicating an increase of about 8.7%[30] - Current assets totaled CNY 1,971,214,596.45, compared to CNY 1,270,585,344.87, reflecting a significant increase of approximately 55.1%[29] - The company's equity attributable to shareholders reached CNY 1,589,404,837.03, a substantial rise from CNY 1,004,551,585.10, marking an increase of around 58.2%[30] Cash Flow - Cash flow from operating activities decreased significantly by 88.17% to CNY 17,546,884.55 compared to the previous year[6] - Operating cash flow net amount decreased by 88.17% to ¥17,546,884.55 from ¥148,373,960.93, mainly due to increased cash payments for goods and services[19] - The net cash flow from financing activities was 577,739,709.72 CNY, compared to a negative cash flow of -100,235,205.72 CNY in the previous period[45] - The net increase in cash and cash equivalents for the period was 512,890,413.28 CNY, while the previous period saw a decrease of -15,838,955.11 CNY[45] Shareholder Information - The total number of shareholders reached 39,927 at the end of the reporting period[11] - The largest shareholder, Xinjiang Guoli Minsheng Equity Investment Co., Ltd., holds 43.14% of the shares[11] Inventory and Receivables - Accounts receivable decreased by 20.71% to ¥83,997,643.41 from ¥105,941,405.08, mainly due to increased collections from distributors[14] - Inventory increased by 22.43% to ¥902,920,162.05 from ¥737,519,209.74, primarily due to an increase in raw material stock[15] Restructuring Plans - The company is planning a major asset restructuring involving the acquisition of 100% equity in a target company in the frozen food industry[23] - The restructuring will involve issuing shares and cash payments, with the transaction price based on an asset valuation report[23] - The company has signed a framework agreement for the restructuring with the counterparty, New Dian Food Production Private Limited[25] - The stock has been suspended since March 22, 2017, due to the ongoing restructuring process, with an expected suspension period of no more than one month[22] Other Financial Metrics - The company reported non-operating income of CNY 3,215,237.95 after tax adjustments[8] - Cash and cash equivalents increased by 139.71% to ¥907,282,178.50 from ¥378,484,399.09, primarily due to increased fundraising[13] - Total operating costs amounted to ¥749,236,288.54, up 12.1% from ¥667,993,387.63 in the prior period[37] - Operating profit slightly decreased to ¥54,917,179.12, compared to ¥54,955,972.85 in the previous period, reflecting a marginal decline of 0.1%[37] - Investment income for the current period was ¥22,091,754.10, compared to no investment income in the previous period[41] - The company reported a significant increase in asset impairment losses, totaling ¥25,561,995.95, compared to ¥2,113,856.60 in the previous period[41] - Sales expenses decreased to ¥5,187,451.72 from ¥45,633,302.34 in the previous period, showing a substantial reduction[40]