YISHENG(SZ:002458)2016-07-29 16:00Financial Performance - The company's operating revenue for the reporting period reached ¥798,404,892.92, representing a 150.81% increase compared to ¥318,326,342.60 in the same period last year[19]. - Net profit attributable to shareholders was ¥269,962,406.38, a significant turnaround from a loss of ¥191,971,407.38 in the previous year, marking a 240.63% increase[19]. - The net cash flow from operating activities was ¥240,188,961.03, compared to a negative cash flow of ¥124,200,922.67 in the same period last year, reflecting a 293.39% improvement[19]. - Basic earnings per share increased to ¥0.83 from a loss of ¥0.68, representing a 222.06% increase[19]. - The company reported a net increase in cash and cash equivalents of ¥141,517,996.10, reflecting a 241.43% increase compared to the previous year[32]. - The company reported a net profit of ¥229,112,734.00, compared to a net loss of ¥139,987,922.11 in the previous period, indicating a turnaround in profitability[136]. - The total comprehensive income for the current period was CNY 229,112,734.00, contributing to the overall equity growth[158]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,843,111,470.08, up 5.03% from ¥1,754,795,712.09 at the end of the previous year[19]. - The total liabilities decreased from CNY 1,433,348,764.85 to CNY 661,899,925.31, indicating a decline of about 53.8%[125]. - The company's equity increased from CNY 283,399,602.00 to CNY 333,516,139.00, representing a growth of approximately 17.7%[125]. - The total equity attributable to the parent company reached CNY 1,232,370,577.53, compared to CNY 417,329,554.54 at the beginning of the year, marking an increase of about 195.5%[130]. Investment and Financing Activities - The company’s investment activities generated a net cash flow of -¥68,194,207.37, a 30.83% improvement from the previous year due to reduced cash outflows for investments[30]. - The company raised a total of RMB 581,982,788.91 through the issuance of 51,314,641 shares at a price of RMB 11.55 per share, after deducting fees[49]. - The total cash inflow from financing activities was 965,684,103.55 CNY, significantly higher than 591,000,000.00 CNY in the previous period, representing an increase of about 63.4%[143]. Operational Strategy - The company plans to stabilize and gradually increase the production scale of commercial broilers while setting progressive goals for revenue growth and cost reduction[27]. - The company aims to enhance employee skills and service levels, establishing a service-oriented marketing approach to improve customer engagement[28]. - The company is actively participating in industry self-regulation measures to control the breeding volume of white feather broilers and eliminate excess capacity[27]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,070[110]. - The largest shareholder, Cao Jisheng, holds 47.69% of the shares, totaling 159,641,028 shares, with 29,148,368 shares pledged[110]. - The company’s shareholding structure included 51.34% of unrestricted shares and 42.67% of restricted shares prior to the changes[101]. Corporate Governance - The company has not engaged in any major litigation or arbitration matters during the reporting period[66]. - The company did not undergo any bankruptcy reorganization during the reporting period[67]. - The company has not made any changes to its registered address or contact information during the reporting period[14]. Research and Development - Research and development expenses rose to ¥4,164,586.86, a 23.89% increase year-on-year, indicating a commitment to innovation[32]. Accounting Policies - The financial statements are prepared based on the going concern assumption and comply with the relevant accounting standards issued by the Ministry of Finance[167]. - The company follows specific accounting policies for revenue recognition and research and development expenditures, tailored to its operational characteristics[169].