NWF(SH:600975)2021-04-29 16:00Financial Performance - Net profit attributable to shareholders decreased by 56.69% to CNY 43,521,867.11 from CNY 100,491,171.41 year-on-year[10] - Operating revenue rose by 6.52% to CNY 454,351,749.81 compared to CNY 426,528,313.85 in the same period last year[10] - Basic earnings per share fell by 53.33% to CNY 0.07 from CNY 0.15 in the same period last year[10] - The company's net profit for the period from January 1, 2021, to June 30, 2021, is expected to decline, estimated between 60 million to 90 million yuan[19] - The company reported a net profit of ¥577,932,956.79, compared to ¥539,957,516.51, reflecting an increase of about 7%[35] - The company’s total profit for Q1 2021 was approximately ¥43.86 million, down from ¥101.31 million in Q1 2020, indicating a decline of 56.7%[42] - The net profit for the current period is approximately 49.32 million, down from 110.47 million in the previous period, indicating a decline of about 55.4%[49] Assets and Liabilities - Total assets increased by 51.59% to CNY 3,378,165,117.9 compared to the end of the previous year[10] - Total assets increased to ¥3,126,275,406.69, up from ¥2,095,179,984.71, representing a growth of approximately 49.3% year-over-year[34] - Current liabilities totaled 917,042,379.53 yuan, compared to 637,912,671.53 yuan in the previous period[28] - Total liabilities reached ¥1,511,955,688.53, compared to ¥518,835,706.83, marking a significant increase of around 191.5%[35] - The total liabilities amounted to 1,149,417,654.83 RMB, indicating a significant leverage position[63] Cash Flow - Net cash flow from operating activities turned negative at CNY -173,662,264.79, a decrease of 492.56% compared to CNY 44,238,217.93 in the previous year[10] - Cash flow from operating activities shows a net outflow of approximately 173.66 million, contrasting with a net inflow of 44.24 million in the same period last year[53] - Cash inflow from financing activities reached 514,194,177.33 RMB, with cash outflow totaling 143,661,529.52 RMB, leading to a net cash flow of 370,532,647.81 RMB[61] Investments and Expenses - Research and development expenses rose by 72.39% to 2,593,928.24 yuan, indicating increased investment in innovation[19] - Financial expenses surged by 521.77% to 11,857,993.24 yuan, attributed to increased bank loans and financing interest[19] - Total operating costs for Q1 2021 were approximately ¥409.23 million, up 26.5% from ¥323.60 million in Q1 2020[40] - The company paid 41,040,942.80 RMB in cash to employees, which is a substantial increase from 19,988,393.10 RMB in Q1 2020[59] Shareholder Information - The number of shareholders at the end of the reporting period was 86,907, with the largest shareholder holding 30.95% of the shares[12] - The company’s total owner's equity attributable to shareholders increased from $1,416.9 million to $1,428.7 million, reflecting a growth of approximately $11.9 million[65] Risks and Market Conditions - The company highlighted risks associated with fluctuations in pig prices, which could significantly impact performance[20]