NBTM(SH:600114)2014-04-15 16:00Financial Performance - Operating income for the first quarter was CNY 300,498,618.39, representing a 10.47% increase year-on-year[9] - Net profit attributable to shareholders increased by 122.08% to CNY 22,681,972.27 compared to the same period last year[9] - Basic earnings per share rose by 120.00% to CNY 0.11 compared to the same period last year[9] - The company reported a net profit excluding non-recurring gains and losses of CNY 20,543,030.35, up 117.20% year-on-year[9] - Net profit for Q1 2014 reached CNY 25,491,129.22, up 109.5% from CNY 12,175,316.46 in Q1 2013[35] - Operating profit for Q1 2014 was CNY 29,049,314.24, a significant increase from CNY 12,615,249.04 in the previous year, reflecting a growth of 130.5%[35] - Total operating revenue for Q1 2014 was CNY 300,498,618.39, an increase of 10.3% compared to CNY 272,020,397.15 in the same period last year[35] Asset and Equity Growth - Total assets increased by 10.18% to CNY 1,878,800,422.45 compared to the end of the previous year[9] - Net assets attributable to shareholders increased by 80.54% to CNY 1,340,159,069.75 compared to the end of the previous year[9] - The company's equity attributable to shareholders rose to CNY 1,340,159,069.75 from CNY 742,298,261.82, marking an increase of around 80.5%[29] - Total assets as of the end of Q1 2014 amounted to CNY 1,637,645,254.51, up from CNY 1,325,466,191.66 at the end of Q1 2013, representing a growth of 23.5%[33] - Shareholders' equity increased to CNY 1,343,509,796.18 in Q1 2014, compared to CNY 750,864,119.85 in Q1 2013, reflecting an increase of 78.8%[33] Cash Flow and Financing Activities - Net cash flow from operating activities increased by 24.41% to CNY 60,209,170.27 compared to the same period last year[9] - The cash inflow from operating activities totaled CNY 274,334,774.76, an increase of 11.36% compared to CNY 246,365,082.00 in the previous period[40] - The net cash flow from operating activities was CNY 60,209,170.27, up from CNY 48,396,203.40, representing a growth of 24.4%[40] - The total cash inflow from financing activities reached CNY 709,329,518.31, significantly higher than CNY 133,200,000.00 in the previous period, marking a growth of 433.5%[41] - The net cash flow from financing activities was CNY 136,004,540.46, compared to CNY 23,641,081.56, an increase of 474.5%[41] Liabilities and Expenses - Total current liabilities decreased to CNY 420,052,719.23 from CNY 769,967,180.29, a reduction of approximately 45.4%[28] - The company reported a 158.76% increase in income tax expenses, amounting to 6,638,036.74, attributed to increased profits[15] - Management expenses rose by 27.32% to 39,147,006.48, driven by higher labor costs and recognition of equity incentive expenses[15] - Operating costs for Q1 2014 were CNY 271,449,304.15, up from CNY 259,405,148.11 in the previous year, indicating a rise of 4.0%[35] Shareholder Information - The number of shareholders at the end of the reporting period was 17,732[11] - The largest shareholder, Muka Special Metal Industry Co., Ltd., holds 25.92% of the shares[11] - The company has committed to maintaining at least 25% of its total share capital held by Mutsu Special Metals Industry Co., Ltd. for a period of 10 years[24] Investment and Future Plans - The company plans to temporarily use up to 300 million in idle raised funds to supplement working capital for a period not exceeding 12 months[20] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[1] - The company is in the process of acquiring approximately 552 acres of land use rights at a price of 90,000 per acre, with expected completion of land rights procedures in 2015[15] - The company successfully completed the first phase of its stock incentive plan, unlocking 3 million restricted shares for 72 incentive targets[20] - The company raised 599,999,993.55 from a private placement, issuing 45,977,011 shares at 13.05 per share[18]