西部牧业(300106) - 2018 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2018 was ¥147,065,259.06, a decrease of 4.66% compared to ¥154,246,276.71 in the same period last year[7] - Net profit attributable to shareholders was -¥35,750,876.22, representing a decline of 103.18% from -¥17,596,031.99 year-on-year[7] - Basic and diluted earnings per share were both -¥0.1692, a decrease of 111.46% from -¥0.0800 in the same period last year[7] - The company's net profit attributable to shareholders decreased by 103.18% year-on-year, amounting to a loss of 35.75 million yuan in Q1 2018[28] - Total operating revenue for Q1 2018 was CNY 147,065,259.06, a decrease of 4.8% compared to CNY 154,246,276.71 in the same period last year[50] - The company's net profit for Q1 2018 was a loss of CNY 37,429,565.90, compared to a loss of CNY 17,100,129.57 in Q1 2017, reflecting an increase in losses of approximately 118.5%[52] - The total profit for Q1 2018 was a loss of CNY 11,599,087.49, compared to a loss of CNY 16,294,314.31 in Q1 2017, showing a reduction in losses by about 28.9%[54] Cash Flow and Liquidity - Net cash flow from operating activities improved by 84.48%, reaching -¥24,362,709.55 compared to -¥156,978,081.88 in the previous year[7] - The company reported a net cash increase of -11,555,104.49 CNY, compared to -82,527,210.18 CNY in the same period last year[59] - Cash and cash equivalents at the end of the period totaled 76,195,071.82 CNY, down from 210,355,589.44 CNY year-over-year[59] - The total cash outflow from operating activities was 336,052,302.31 CNY, a decrease from 461,318,368.56 CNY in the previous period[58] - The company incurred 23,772,514.67 CNY in employee payments, up from 19,973,634.60 CNY in the prior year[58] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,389,932,524.93, down 1.36% from ¥2,422,903,459.86 at the end of the previous year[7] - Current liabilities totaled CNY 1,600,785,493.49, showing a marginal increase from CNY 1,595,694,848.27 in the previous period[44] - The company's total liabilities reached CNY 1,711,508,288.17, compared to CNY 1,707,049,657.20 at the start of the year[44] - The equity attributable to shareholders of the parent company decreased to CNY 580,817,731.53 from CNY 616,568,607.75[45] Operational Efficiency - The company is focusing on optimizing its breeding structure and improving operational efficiency to address losses in the breeding segment[28] - The company has implemented strict quality control measures to mitigate risks related to product safety and quality[12] - The company aims to implement refined management and quality control to achieve profitability[30] Market Strategy and Risks - The company plans to leverage regional advantages and improve product quality to enhance market competitiveness[11] - The company plans to actively expand its market and user base to mitigate risks associated with changes in demand[14] - The company faces significant risks from animal diseases, which could impact fresh milk supply and sales[9] - The company is subject to stringent environmental protection policies that may impact its livestock operations and feed business growth[15] Shareholder Information - The top shareholder, Shihezi State-owned Assets Management (Group) Co., holds 42.29% of the shares, with 89,378,171 shares pledged[19] - The company has a total of 1,033,514 restricted shares held by executives, which cannot be transferred for a specified period[22] - The company has not engaged in any repurchase transactions among its top shareholders during the reporting period[20] Government Support and Subsidies - The company has received multiple government subsidies for its agricultural projects, which are crucial for its financial stability[14] - The company benefits from favorable tax policies and government support for the agricultural sector, which may change in the future[14] Investment and Development - The construction of the cattle breeding base and the 150,000-ton feed processing production line is progressing steadily, contributing to the overall development of the company[27] - The balance of construction in progress increased by 7.70 million yuan, a growth of 2007.56% due to increased investment in cattle farm infrastructure[25] - The company achieved a funding utilization rate of 97.30% for the project of producing 150,000 tons of feed annually, with an investment of 10,021.52 million yuan[34]