Nisco(SH:600282)2018-04-17 16:00Financial Performance - Net profit attributable to shareholders rose by 83.62% to CNY 1.01 billion year-on-year[6] - Operating revenue grew by 21.90% to CNY 10.37 billion compared to the same period last year[6] - Basic earnings per share increased by 65.01% to CNY 0.2286[6] - Net profit rose by 125.47% year-on-year to 69,087.90 million RMB, primarily due to the increase in total profit[12] - The company's operating revenue for Q1 2018 was CNY 12,478,339,492.68, a 56.9% increase from CNY 7,995,043,207.66 in the same period last year[30] - Net profit for Q1 2018 reached CNY 1,027,830,541.21, up 282.5% from CNY 268,444,000.18 in Q1 2017[30] - The total profit for Q1 2018 was CNY 1,045,393,597.22, a significant rise from CNY 357,298,574.20 in Q1 2017, marking a 193.5% increase[30] - The company reported a total comprehensive income of CNY 1,027,648,381.21 for Q1 2018, compared to CNY 268,444,000.18 in Q1 2017[31] Cash Flow - Net cash flow from operating activities increased by 62.44% to CNY 340.99 million[6] - Cash generated from operating activities increased by 62.44% year-on-year to 13,107.91 million RMB, attributed to the rise in net profit and changes in operating receivables and payables[12] - The cash inflow from operating activities was CNY 8,094,513,160.56, up from CNY 5,967,116,798.79 in the previous year, representing a 35.6% increase[34] - The net cash flow from operating activities for Q1 2018 was ¥340,994,895.65, an increase from ¥209,915,823.66 in the previous period, reflecting a growth of approximately 62.4%[35] - Total cash inflow from operating activities was ¥10,989,095,474.14, slightly down from ¥11,130,470,546.66, indicating a decrease of about 1.3%[36] - The cash outflow for operating activities was ¥10,920,499,049.31, slightly lower than ¥11,123,313,579.43 in the previous period, showing a decrease of approximately 1.8%[36] Assets and Liabilities - Total assets increased by 7.38% to CNY 40.52 billion compared to the end of the previous year[6] - The total assets increased to 40,519.80 million RMB, up from 37,735.44 million RMB at the beginning of the year[20] - The company's total assets as of March 31, 2018, amounted to CNY 30,038,302,909.25, compared to CNY 28,990,679,510.88 at the beginning of the year, indicating a growth of 3.6%[24][25] - The total liabilities increased to CNY 20,128,153,584.35 from CNY 20,108,178,567.19, showing a slight increase of 0.1%[25] - The company's equity attributable to shareholders rose to CNY 9,910,149,324.90, up from CNY 8,882,500,943.69, representing an increase of 11.6%[25] Shareholder Information - The total number of shareholders reached 154,350 at the end of the reporting period[9] - The largest shareholder, Nanjing Nangang Steel Union Co., Ltd., holds 40.72% of the shares[9] Expenses and Costs - Management expenses increased by 52.64% year-on-year to 9,562.48 million RMB, mainly due to rising R&D expenditures and labor costs[12] - Total operating costs for Q1 2018 were CNY 8,971,509,628.68, up from CNY 7,982,778,958.74, reflecting a year-over-year increase of 12.4%[27] - The financial expenses decreased to CNY 79,935,543.08 in Q1 2018 from CNY 160,811,510.47 in Q1 2017, a reduction of 50.3%[30] - The company's sales expenses decreased to CNY 56,974,502.84 from CNY 63,988,400.09, a decline of 10.5%[30] Investment and Development - The company plans to expand its market presence and invest in new product development to enhance competitiveness[12] - The company has implemented a stock option incentive plan for 40 individuals, including directors and key management personnel, to align interests and drive performance[13] Fair Value Changes - The fair value change loss was 11,701.64 million RMB, a decrease of 130.62% year-on-year, due to changes in the fair value of trading financial assets from the previous year[12] - The company experienced a fair value loss of CNY 27,337,820.00 in Q1 2018, compared to a gain of CNY 35,237,459.80 in the same period last year[30] Cash and Cash Equivalents - The company's cash and cash equivalents rose by 82.22% year-on-year to 225,953.71 million RMB, primarily due to the preparation for the repayment of bonds and the maturity of financial products[12] - Cash and cash equivalents increased significantly to CNY 3,073,527,376.83 from CNY 1,598,974,626.28, marking an increase of 92.3%[23] - The total cash and cash equivalents at the end of the period increased to ¥484,344,503.54 from ¥54,473,591.77, marking a substantial rise[37] - The company paid ¥6,241,557.02 in dividends and interest, down from ¥10,656,199.07, indicating a reduction of about 41.5%[37] Accounts Receivable and Inventory - Accounts receivable grew to CNY 3,751,682,163.55 from CNY 2,140,185,284.42, reflecting a substantial increase of 75.3%[23] - Inventory decreased to CNY 1,764,381,332.60 from CNY 2,915,728,712.38, a decline of 39.3%[24]