NBTM(SH:600114)2017-04-26 16:00Financial Performance - Net profit attributable to shareholders rose by 67.74% to CNY 58,309,422.63 year-on-year[5] - Operating revenue increased by 14.61% to CNY 406,652,611.60 compared to the same period last year[5] - Basic earnings per share increased by 55.56% to CNY 0.14 per share[5] - The weighted average return on equity increased by 0.27 percentage points to 2.52%[5] - Net profit attributable to shareholders of the parent company was RMB 58,309,422.63, reflecting a significant increase of 67.74% from RMB 34,762,479.91 year-on-year[13] - Net profit for Q1 2017 reached CNY 61,349,717.42, representing a 72.7% increase from CNY 35,532,651.36 in Q1 2016[35] - The total profit for Q1 2017 was CNY 51,903,758.96, an increase from CNY 37,163,561.92 in the same period last year, representing a growth of approximately 39.5%[39] - The net profit for Q1 2017 reached CNY 45,398,745.03, compared to CNY 33,708,186.95 in Q1 2016, marking an increase of about 34.7%[39] Assets and Liabilities - Total assets increased by 3.77% to CNY 2,937,537,292.87 compared to the end of the previous year[5] - Total current assets reached ¥1.30 billion, up from ¥1.23 billion at the start of the year, reflecting a growth of 5.8%[25] - Total liabilities amounted to ¥464.97 million, an increase from ¥420.97 million at the beginning of the year, indicating a rise of 10.5%[27] - The company's total assets reached ¥2.94 billion, compared to ¥2.83 billion at the beginning of the year, marking a growth of 3.8%[27] - Total liabilities for Q1 2017 were CNY 356,728,917.87, an increase from CNY 314,613,845.91, reflecting a rise of 13.4%[31] - Owner's equity totaled CNY 2,235,765,180.81, compared to CNY 2,185,283,635.79, showing an increase of 2.3%[31] Cash Flow - Net cash flow from operating activities decreased by 41.10% to CNY 62,281,167.66 compared to the previous year[5] - Cash flow from operating activities decreased by 41.10% to RMB 62,281,167.66, primarily due to higher payments for materials and taxes during the reporting period[13] - Operating cash flow for Q1 2017 was CNY 62,281,167.66, down from CNY 105,737,447.00 in Q1 2016, indicating a decrease of approximately 41.0%[43] - The company reported a cash inflow from operating activities of CNY 351,111,835.72 in Q1 2017, compared to CNY 341,998,281.03 in Q1 2016, an increase of about 2.5%[43] - The cash flow from investment activities showed a net outflow of CNY 49,457,925.62 in Q1 2017, compared to a net outflow of CNY 132,483,852.38 in Q1 2016, reflecting an improvement of about 62.7%[43] - The net cash flow from investing activities was -40,975,661.20 CNY, compared to -113,997,888.23 CNY in the previous period, indicating an improvement[46] Shareholder Information - The total number of shareholders reached 17,166 at the end of the reporting period[9] - The largest shareholder, Muka Special Metal Industry Co., Ltd., holds 14.21% of the shares[9] - The company completed the transfer of 22.3 million shares to Ningbo Xuhong Investment Management Partnership, representing 5.24% of the total share capital[14] - The fourth phase of the stock incentive plan was unlocked, allowing 1.5 million restricted shares to be released, accounting for 0.35% of the total share capital[17] Government and Other Financial Activities - The company received government subsidies amounting to CNY 2,183,932.75 during the reporting period[7] - Non-recurring gains and losses totaled CNY 2,047,269.20 for the quarter[7] - The company received CNY 100,000,000.00 from financing activities in Q1 2017, while it had received CNY 245,000,000.00 in the same period last year, indicating a decrease of approximately 59.2%[43] - The company received 150,000,000.00 CNY from borrowings during the financing activities[46] Operational Changes and Investments - The company plans to liquidate and deregister Ningbo Dongmu Trading Co., Ltd. to enhance core competitiveness and resource utilization efficiency[16] - The company has approved a project to add 2,000 tons of automotive power system components technology renovation, which will be implemented in Tianjin[20] - The company plans to invest ¥70.38 million in increasing the registered capital of Dongmu (Tianjin) Powder Metallurgy Co., Ltd., raising its registered capital from ¥81.62 million to ¥152 million[20] - The company has undergone changes in the implementation subject and location for part of its fundraising investment projects, enhancing operational flexibility[19] Inventory and Other Financial Metrics - The company reported inventory of ¥251.02 million, an increase of 6.3% from ¥236.24 million at the beginning of the year[25] - Inventory as of Q1 2017 was CNY 122,378,741.01, up from CNY 103,787,256.01, representing a growth of 17.8%[30] - The company’s other receivables decreased to CNY 238,969,108.79 from CNY 311,938,954.18, a decline of 23.4%[30] - The company reported a financial expense of CNY -479,145.90 in Q1 2017, a significant improvement compared to CNY 3,858,541.35 in the previous year[35]