NWF(SH:600975)2019-04-29 16:00Financial Performance - Operating revenue for the period was CNY 393,450,129.94, a decline of 1.45% year-on-year[10]. - Net profit attributable to shareholders of the listed company was a loss of CNY 29,446,589.75, compared to a loss of CNY 4,739,962.37 in the same period last year[10]. - Basic and diluted earnings per share were both -CNY 0.05, compared to -CNY 0.01 in the same period last year[10]. - The company reported a net loss of approximately ¥28.96 million for the current period, compared to a net loss of ¥6.16 million in the previous period, indicating a significant decline in profitability[41]. - Total revenue for the first quarter of 2019 was ¥291.45 million, down from ¥303.67 million in the same quarter of 2018, reflecting a decrease of about 4.0% year-over-year[44]. - Operating profit for the current quarter was a loss of ¥24.03 million, compared to a loss of ¥0.53 million in the previous year, showing a substantial increase in operating losses[44]. - The company incurred total expenses of ¥302.22 million in the current quarter, which is an increase from ¥294.38 million in the same quarter of the previous year[44]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,532,132,553.40, a decrease of 3.89% compared to the end of the previous year[10]. - Total liabilities decreased to ¥399,416,970.08 from ¥432,412,477.89[28]. - Non-current assets totaled ¥705,921,957.67, a slight decrease from ¥710,359,680.01[26]. - Total assets amounted to ¥1,532,132,553.40, down from ¥1,594,092,059.49[26]. - Total liabilities reached approximately $432.41 million, with current liabilities at $325.59 million and non-current liabilities at $106.83 million[60]. - Total liabilities decreased to CNY 260,670,381.15, down 11.5% from CNY 294,567,884.67 at the end of 2018[34]. Shareholder Information - The total number of shareholders at the end of the reporting period was 39,940[13]. - The largest shareholder, Hunan Grain and Oil Food Import and Export Group, held 30.95% of the shares[13]. - Hunan High-tech Venture Capital Wealth Management Co., Ltd. held 15.96% of the shares, with its shares frozen[13]. - As of August 20, 2018, High-tech Wealth held 104,166,666 unrestricted circulating shares, accounting for 15.96% of the total shares of the company[16]. Cash Flow - Net cash flow from operating activities was negative CNY 107,639,918.62, a decrease of 584.23% compared to the previous year[10]. - Cash flow from operating activities was ¥438.26 million, an increase from ¥423.10 million in the same quarter of 2018, suggesting improved cash generation from operations[46]. - The total cash inflow from operating activities was 274,004,954.51 RMB, down from 287,476,416.47 RMB, indicating a decrease in cash receipts from sales and services[52]. - Total cash outflow from operating activities amounted to 551,100,352.30 RMB, up from 406,397,711.26 RMB year-over-year, reflecting increased operational costs[50]. Other Financial Metrics - The weighted average return on net assets was -2.71%, a decrease of 2.32 percentage points from the previous year[10]. - Financial expenses rose by 77.92% to ¥852,539.06, mainly due to a decrease in interest income[19]. - Research and development expenses were ¥461.36 million, slightly down from ¥506.08 million in the previous year, indicating a focus on cost management in R&D[44]. - The company reported a significant increase in other income, which decreased by 52.63% to ¥353,087.95 compared to the previous year[19].