NWF(SH:600975)2025-04-28 10:10Financial Performance - The company's operating revenue for Q1 2025 reached ¥1,863,428,098.96, representing a 30.32% increase compared to ¥1,429,922,405.05 in the same period last year[5] - Net profit attributable to shareholders was ¥19,620,628.64, a significant recovery from a loss of ¥254,311,686.94 in the previous year[5] - Basic and diluted earnings per share improved to ¥0.02, recovering from a loss of ¥0.20 per share in the same period last year[6] - The net profit for Q1 2025 was CNY 27,018,725.95, a significant recovery from a net loss of CNY 259,207,917.46 in Q1 2024, marking a turnaround of over 110%[17] - Operating profit for Q1 2025 was CNY 28,910,608.96, compared to an operating loss of CNY 253,651,030.32 in the same period last year[17] Cash Flow and Liquidity - The net cash flow from operating activities increased by 555.45%, amounting to ¥338,806,045.03, up from ¥51,690,282.32 in the previous year[6] - The company's cash and cash equivalents increased to CNY 1,333,755,345.19 as of March 31, 2025, up from CNY 1,170,301,299.91 at the end of 2024, representing a growth of 13.9%[12] - The cash and cash equivalents at the end of Q1 2025 stood at CNY 1,201,457,715.33, an increase from CNY 913,563,447.25 at the end of Q1 2024[20] - The company reported a significant increase in cash inflows from operating activities, totaling ¥1,350,423,248.63 in Q1 2025, compared to ¥1,088,343,835.20 in Q1 2024[29] Assets and Liabilities - Total assets at the end of the reporting period were ¥12,242,644,713.11, a slight decrease of 0.93% from ¥12,357,742,882.77 at the end of the previous year[6] - Total current assets amounted to CNY 3,722,152,221.60 as of March 31, 2025, compared to CNY 3,608,880,569.99 at the end of 2024, indicating an increase of 3.1%[13] - Total liabilities decreased to CNY 9,002,311,272.28 as of March 31, 2025, down from CNY 9,144,428,167.89 at the end of 2024, a reduction of 1.6%[14] - The total assets as of March 31, 2025, were CNY 3,389,593,149.88, up from CNY 2,896,713,892.03 at the end of 2024, reflecting an increase of approximately 17%[23] Research and Development - Research and development expenses surged to CNY 23,823,239.17 in Q1 2025, compared to CNY 6,841,654.57 in Q1 2024, marking a significant increase of 248.5%[16] - Research and development expenses increased significantly to ¥13,417,249.76 in Q1 2025, compared to ¥4,901,864.52 in Q1 2024, reflecting a focus on innovation[25] Market Strategy - The increase in operating revenue was mainly driven by a growth in the scale of hog sales during the reporting period[8] - The company plans to continue expanding its market presence and enhancing its product offerings in the upcoming quarters[8] Changes in Accounting Standards - The company will implement new accounting standards starting from 2025, which will involve adjustments to the financial statements at the beginning of the year of first-time application[30] Board Announcement - The announcement was made by the board of directors of Hunan Xinwufeng Co., Ltd. on April 29, 2025[31]