NHL(SH:600262)2017-04-19 16:00Financial Performance - Operating revenue for the current period was CNY 85,819,898.91, representing a decrease of 9.38% year-on-year[6] - Net profit attributable to shareholders of the listed company was CNY -194,250.52, compared to CNY -12,296,377.22 in the same period last year, indicating an improvement[6] - Basic and diluted earnings per share were both CNY 0.02, compared to CNY -0.05 in the same period last year[6] - Net profit for Q1 2017 was CNY 3,825,635.07, a significant improvement from a net loss of CNY 9,044,287.32 in the previous year[21] - The company achieved a total profit of CNY 5,584,635.75 in Q1 2017, compared to a total loss of CNY 10,744,486.89 in the same quarter of the previous year[23] Cash Flow - Cash flow from operating activities showed a significant decline, with a net cash outflow of CNY -52,832,223.91, down 155.32% from the previous year[6] - Cash flow from operating activities dropped by 155.32% to -¥52,832,223.91, attributed to increased raw material procurement expenses[12] - Operating cash flow for Q1 2017 showed a net outflow of CNY 52,832,223.91, contrasting with a net inflow of CNY 95,494,355.38 in Q1 2016[27] - The company’s cash flow from financing activities improved by 112.90% to ¥23,123,069.71, driven by new loans[12] - The cash flow from financing activities in Q1 2017 was a net inflow of CNY 23,123,069.71, a turnaround from a net outflow of CNY 179,290,748.52 in Q1 2016[28] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 2,093,691,101.71, a slight increase of 0.08% compared to the end of the previous year[6] - The company's total assets as of March 31, 2017, amounted to CNY 1,947,514,402.38, slightly up from CNY 1,944,266,627.55 at the beginning of the year[19] - The total liabilities decreased to CNY 991,023,322.49 from CNY 993,174,336.18, a reduction of 0.2%[19] Shareholder Information - The total number of shareholders at the end of the reporting period was 10,317[10] - The largest shareholder, Inner Mongolia North Heavy Industry Group Co., Ltd., held 54,841,499 shares, accounting for 32.26% of the total shares[10] Operating Costs and Expenses - Total operating costs decreased to CNY 92,789,121.07 from CNY 116,352,840.62, representing a reduction of 20.2%[20] - Operating expenses decreased by 40.51% to ¥3,683,286.13, reflecting a reduction in operational miscellaneous expenses[12] - The total operating expenses for Q1 2017 were CNY 187,951,590.80, significantly higher than CNY 91,818,777.08 in Q1 2016, indicating an increase of approximately 104.5%[27] Investment and Other Income - The company received government subsidies amounting to CNY 5,050,000, which were closely related to its normal business operations[8] - Non-operating income and expenses included a net amount of CNY 4,250,211.93 after tax impacts[8] - The company reported an investment income of CNY 6,740,692.12, down from CNY 8,520,581.99 in the previous year[20] - The company reported an investment income of CNY 6,740,692.12 in Q1 2017, compared to CNY 10,245,581.99 in the previous year, reflecting a decline of about 34.5%[23] Tax and Financial Charges - Tax and additional charges surged by 4772.94% to ¥7,358,907.94, reflecting the new accounting policy for property and land taxes[12] - The company incurred financial expenses of CNY 4,047,783.56 in Q1 2017, compared to CNY 9,185,605.15 in the same period last year, showing a reduction of about 56.0%[23] - The company reported a significant increase in tax expenses, amounting to CNY 837,695.36 in Q1 2017, with no tax expenses reported in the same period last year[23] Inventory and Receivables - Accounts receivable decreased by 21.82% to ¥306,777,467.62 from ¥392,384,308.45 due to customer repayments[12] - Inventory increased to CNY 474,156,362.23 from CNY 415,563,068.24, reflecting a growth of 14.1%[18] - Other receivables increased by 66.02% to ¥6,313,166.63, primarily due to new bid guarantees[12] Construction and Investments - Construction in progress rose by 225.89% to ¥4,186,644.87, indicating increased investment in construction during the reporting period[12] Cash and Cash Equivalents - The company's cash and cash equivalents decreased to CNY 205,312,911.86 from CNY 230,366,967.77, a decline of 10.9%[18] - Cash and cash equivalents at the end of Q1 2017 totaled CNY 188,001,693.67, down from CNY 340,360,413.61 at the end of Q1 2016, a decrease of approximately 44.9%[28] - The ending balance of cash and cash equivalents was $187,935,515.55, down from $339,988,051.52 year-over-year[31] - The net decrease in cash and cash equivalents was -$27,306,253.44, an improvement from -$74,149,015.11 in the previous period[31] Subsidiary Operations - The company is actively progressing with the dissolution and liquidation of its subsidiary, Atlas, having completed all employee termination procedures[12]