Nisco(SH:600282)2015-04-28 16:00Financial Performance - Net profit attributable to shareholders was CNY 74.61 million, representing a significant increase of 349.93% year-on-year[7]. - Operating revenue for the period was CNY 6.26 billion, a decrease of 3.53% compared to the same period last year[7]. - Basic earnings per share increased to CNY 0.0192, a rise of 349.93% compared to CNY 0.0043 in the same period last year[7]. - The company's operating revenue decreased by 3.53% year-on-year, amounting to a loss of 22,926.12 million RMB, primarily due to a decline in trade business revenue and average selling prices of steel products[12]. - The net profit for the period was 5,813.87 million RMB, reflecting a year-on-year increase of 349.80%[12]. - The company's total profit increased by 413.79% year-on-year, reaching 8,127.07 million RMB, driven by higher operating profit and other income[12]. - Net profit for Q1 2015 reached ¥74,759,368.62, significantly up from ¥16,620,663.26 in Q1 2014, marking a year-over-year increase of 348.66%[28]. - The company reported a total profit of ¥100,911,089.75 for Q1 2015, compared to ¥19,640,397.25 in the same period last year, representing a growth of 413.66%[28]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 39.67 billion, a 0.34% increase compared to the end of the previous year[7]. - Total current assets increased to ¥12,896,863,396.41 from ¥12,657,318,237.53, reflecting a growth of about 1.9%[18]. - Total non-current assets decreased to ¥26,776,600,316.33 from ¥26,880,375,339.05, a decline of approximately 0.4%[19]. - Total liabilities increased to ¥31,013,699,124.90 from ¥30,965,500,626.88, showing a slight increase of about 0.2%[20]. - The company's total liabilities increased to ¥24,498,439,070.84 in Q1 2015, compared to ¥23,695,529,894.93 in Q1 2014, reflecting a growth of 3.39%[28]. - The company's equity attributable to shareholders increased to ¥8,645,754,620.08 from ¥8,558,334,902.06, representing a growth of about 1.0%[20]. Cash Flow - Cash flow from operating activities amounted to CNY 1.76 billion, up 2.69% from the previous year[7]. - The net cash flow from operating activities was ¥1,762,099,546.21, slightly up from ¥1,716,001,413.67, indicating a stable performance[34]. - The cash inflow from sales of goods and services reached ¥5,786,244,826.36, an increase of 31.5% compared to ¥4,402,917,351.82 in the previous period[33]. - The cash inflow from operating activities totaled ¥6,434,875,953.01, significantly higher than ¥4,470,924,193.82 in the previous period, indicating strong operational performance[33]. - The net cash flow from financing activities was -¥1,335,342,785.77, worsening from -¥186,117,812.71, indicating higher cash outflows for debt repayment[34]. - The cash and cash equivalents at the end of the period totaled ¥1,355,660,175.59, down from ¥2,040,854,077.39, reflecting a decrease in liquidity[35]. Shareholder Information - The total number of shareholders reached 111,364 at the end of the reporting period[9]. - The largest shareholder, Nanjing Nangang Steel Union Co., Ltd., holds 50.06% of the shares[9]. - The company has no significant unfulfilled commitments from shareholders holding more than 5% of shares as of March 31, 2015[14]. - There are no warnings regarding potential losses or significant changes in cumulative net profit compared to the previous year[14]. Investment and Expenses - Non-operating income and expenses resulted in a total loss of CNY 10.75 million for the period[8]. - Investment income decreased by 644.69%, amounting to a loss of 1,285.72 million RMB, primarily due to the reduction in holdings of Luzhou Laojiao stocks[12]. - The company recorded an investment loss of ¥10,862,869.57 in Q1 2015, compared to a gain of ¥1,994,321.18 in Q1 2014[28]. - The financial expenses for Q1 2015 were ¥213,285,104.98, down from ¥279,739,315.01 in Q1 2014, a decrease of 23.73%[28].