NHL(SH:600262)2015-04-20 16:00Financial Performance - Net profit attributable to shareholders was CNY -19,921,260.56, a decline of 544.19% year-on-year[5] - Operating revenue fell by 45.85% to CNY 184,166,657.36 compared to the same period last year[5] - Basic earnings per share were CNY -0.1172, a decrease of 543.94% compared to the previous year[5] - The net loss for Q1 2015 was ¥22,769,987.35, compared to a net profit of ¥2,201,981.21 in Q1 2014[24] - The total comprehensive income attributable to the parent company for Q1 2015 was a loss of ¥19,921,260.56, compared to a gain of ¥4,484,880.42 in the previous year[25] - The net profit for Q1 2015 was a loss of ¥19,413,231.38, compared to a profit of ¥12,515,843.22 in the previous year, indicating a significant decline[27] Cash Flow - The net cash flow from operating activities was CNY 168,138,962.88, a significant improvement from CNY -61,715,115.14 in the previous year[5] - Operating cash inflow increased to $411.73 million from $358.37 million, a growth of 14.9% year-over-year[33] - Net cash flow from operating activities turned positive at $142.50 million, compared to a negative $80.38 million in the previous period[33] - Total cash outflow from operating activities was $269.23 million, down from $438.74 million, a decrease of 38.6% year-over-year[33] - The ending cash and cash equivalents balance decreased to $292.79 million from $512.81 million, a drop of 42.7%[34] Assets and Liabilities - Total assets decreased by 7.54% to CNY 3,009,381,179.79 compared to the end of the previous year[5] - The total liabilities decreased to ¥1,862,693,624.27 from ¥2,086,571,590.94, reflecting a reduction of 10.7%[21] - Current assets totaled ¥2,147,912,002.52, down 9.5% from ¥2,373,470,410.13 in the previous year[20] - The company's cash and cash equivalents decreased to ¥320,895,862.39 from ¥554,866,296.58, a decline of 42.1%[20] - The company's total assets decreased to ¥2,857,862,397.08 from ¥3,095,399,917.90, a reduction of 7.7%[21] Shareholder Information - The total number of shareholders was 11,623 at the end of the reporting period[8] - The largest shareholder, Inner Mongolia North Heavy Industry Group, held 35.44% of the shares[8] - The second largest shareholder, Terex Equipment Limited, held 25.16% of the shares[8] Government Support and Subsidies - The company received government subsidies amounting to CNY 15,110,000 related to fiscal support[6] Operational Metrics - The company reported a significant increase in financial expenses, which rose to ¥34,031,456.65 from ¥19,690,054.05, an increase of 72.5%[24] - The company incurred sales expenses of ¥10,933,446.75 in Q1 2015, down from ¥15,141,848.36 in the same period last year, a decrease of 27.5%[26] - The total operating costs for Q1 2015 were ¥157,522,897.93, down from ¥276,185,266.63 in the previous year, a reduction of 43%[26] Investment and Financing Activities - Investment income rose by 128.41% to ¥5,381,129.20 due to increased profits from joint ventures[11] - The company reported an increase in investment income to ¥7,106,129.20 in Q1 2015 from ¥4,080,894.30 in the previous year, an increase of 74.1%[27] - The net cash outflow from financing activities was ¥377,265,865.18 in Q1 2015, compared to a net inflow of ¥81,269,502.61 in the same period last year[31] - Cash inflow from financing activities decreased significantly to $10.72 million from $317.38 million, a decline of 96.6% year-over-year[34] Legal Matters - The company has ongoing litigation regarding a debt dispute with Northern Tianyu Tongli Company, with no progress reported[12] - The company has entered into financing lease agreements with Shanxi Financial Leasing Co., Ltd. and CCB Financial Leasing Co., Ltd., with a total repurchase guarantee obligation of ¥61.6 million[12]