Nisco(SH:600282)2017-04-14 16:00Financial Performance - Net profit attributable to shareholders surged by 4,830.37% to CNY 548,888,638.85 from CNY 11,132,805.42 in the same period last year[6] - Operating revenue rose by 77.17% to CNY 8,506,024,886.18 compared to CNY 4,800,932,959.98 in the previous year[6] - Basic earnings per share increased to CNY 0.1385 from CNY 0.0028, reflecting a growth of 4,830.37%[6] - The company reported a net profit excluding non-recurring gains and losses of CNY 438,464,835.06, up 1,390.28% from the previous year[6] - Net profit rose to CNY 53,983.54 million, an increase of 4,997.93 million compared to the previous year, primarily due to the increase in total profit[11] - The total profit for the reporting period reached CNY 70,000.43 million, reflecting a significant increase due to higher operating profit[11] - Net profit for Q1 2017 reached CNY 550,636,546.17, compared to a net profit of CNY 10,801,175.99 in Q1 2016, indicating a significant turnaround[33] Assets and Liabilities - Total assets increased by 10.82% to CNY 38,011,375,160.45 compared to the end of the previous year[6] - Current assets increased to ¥13,676,074,202.16 from ¥9,432,432,567.71, representing a growth of approximately 45.5%[24] - Total liabilities increased, with accounts payable rising by 57.97% to CNY 9,460.60 million, mainly due to increased interest payable on loans[11] - Total liabilities decreased to ¥26,907,673,837.23 from ¥27,505,574,958.40, a reduction of approximately 2.2%[26] - The total liabilities as of Q1 2017 amounted to CNY 23,874,926,209.19, compared to CNY 23,180,619,597.13 in the previous year, showing an increase of 3.0%[30] Cash Flow - Net cash flow from operating activities decreased by 65.71% to CNY 209,915,823.66 from CNY 612,235,961.04 year-on-year[6] - Cash flow from operating activities decreased by 65.71% year-on-year, totaling -CNY 40,232.01 million, attributed to changes in operating receivables and payables[11] - Operating cash inflow for the current period was CNY 5,967,116,798.79, a slight decrease from CNY 5,987,048,282.92 in the previous period[37] - Total cash inflow from financing activities was CNY 9,721,991,425.15, up from CNY 5,799,653,968.51, indicating a growth of about 67.5%[38] - Cash inflow from sales of goods and services reached CNY 11,103,634,803.27, up from CNY 9,535,799,547.42, representing an increase of approximately 16.5%[39] Shareholder Information - The total number of shareholders reached 145,972 at the end of the reporting period[9] - The largest shareholder, Nanjing Nangang Steel Group Co., Ltd., holds 45.31% of the shares[9] Investment and Financing Activities - Investment income surged by 394.65% year-on-year to CNY 1,607.86 million, mainly from the reduction of Hong Kong stock holdings[11] - The company received a total of CNY 37.5 billion in capital increase for its subsidiary, Nanjing South Steel Industry Development Co., Ltd., from China Construction Bank and Nanjing Steel Union[12][13] - A stock option incentive plan was approved, granting up to 79.24 million stock options at an exercise price of CNY 3.40 per share, aimed at retaining talent and aligning interests[14][15] - The company plans to issue up to 553.45 million shares at a minimum price of CNY 3.23 per share, with the proposal approved by the board and shareholders[18][19] Operational Metrics - The weighted average return on equity improved by 7.61 percentage points to 7.81%[6] - The company reported an operating profit of CNY 636,867,985.89 for Q1 2017, compared to an operating loss of CNY 67,661,896.24 in Q1 2016[33] - Total operating revenue for Q1 2017 was CNY 8,506,024,886.18, a 77.5% increase from CNY 4,800,932,959.98 in the same period last year[32] - Total operating costs for Q1 2017 were CNY 7,982,778,958.74, up from CNY 4,820,141,287.04, reflecting a 65.0% increase year-over-year[32]