NNCC(SH:600435)2015-04-22 16:00Financial Performance - Operating revenue for the period was CNY 243,620,044.54, a decrease of 10.28% year-on-year[5] - Net profit attributable to shareholders was CNY 9,082,004.62, down 10.40% from the same period last year[5] - Net profit for Q1 2015 was CNY 16,875,002.27, a decline of 7.0% compared to CNY 18,134,153.32 in Q1 2014[27] - The net profit for Q1 2015 was CNY 2,615,254.25, compared to a net loss of CNY 75,599.80 in the same period last year[30] - Total revenue for Q1 2015 was CNY 243,620,044.54, a decrease of 10.3% from CNY 271,537,801.87 in the previous year[25] Cash Flow - Net cash flow from operating activities was negative CNY 318,136,353.82, worsening from negative CNY 133,737,144.98 in the previous year[5] - Cash inflows from operating activities totaled CNY 174,680,162.96, a decrease of 10.4% from CNY 195,090,487.73 in the previous year[34] - Cash outflows from operating activities increased to CNY 492,816,516.78, compared to CNY 328,827,632.71 in the same period last year, resulting in a net cash flow from operating activities of -CNY 318,136,353.82[34] - The company reported a significant increase in cash outflows for purchasing goods and services, totaling CNY 379,462,059.65, compared to CNY 222,039,866.64 in the previous year[34] - The company experienced a net cash outflow of CNY 71,454,584.86 from cash and cash equivalents during the quarter[37] Assets and Liabilities - Total assets decreased by 5.52% to CNY 3,876,162,293.10 compared to the end of the previous year[5] - The company's total assets at the end of Q1 2015 were CNY 2,515,818,052.45, slightly up from CNY 2,501,925,872.26 at the beginning of the year[24] - Current assets totaled CNY 1,034,817,765.35, an increase of 2.8% from CNY 1,007,155,574.03 at the start of the year[23] - The total liabilities at the end of Q1 2015 were CNY 628,800,032.24, an increase from CNY 617,627,846.49 at the beginning of the year[24] Shareholder Information - The number of shareholders at the end of the reporting period was 48,766[10] - The largest shareholder, North Navigation Technology Group Co., Ltd., held 33.79% of shares, with 251,607,031 shares pledged[10] - The second-largest shareholder, China Ordnance Investment Management Co., Ltd., held 16.21% of shares[10] Earnings and Returns - Basic and diluted earnings per share remained at CNY 0.01[5] - The weighted average return on equity increased by 0.01 percentage points to 0.45%[5] - The company reported a basic earnings per share of CNY 0.01 for Q1 2015, unchanged from the previous year[27] - The basic and diluted earnings per share for Q1 2015 were CNY 0.004, up from CNY 0.0001 in Q1 2014[30] Other Financial Metrics - The company reported a total of CNY 2,279,550.15 in non-recurring gains and losses for the period[8] - Cash and cash equivalents decreased by 51.09% to ¥375,994,538.36 from ¥768,758,831.16 due to payments for goods[12] - Other current assets decreased by 99.97% to ¥145.30 from ¥532,171.76, primarily due to a reduction in deductible VAT input tax[12] - Construction in progress increased by 118.24% to ¥6,416,648.08 from ¥2,940,202.32, attributed to increased investment in production capacity by a subsidiary[12] - Other payables decreased by 67.60% to ¥78,899,218.65 from ¥243,487,853.93, mainly due to repayment of loans to related parties by a subsidiary[13] - Operating costs for Q1 2015 were CNY 226,764,560.64, down 9.6% from CNY 250,901,562.86 in the same period last year[26] - Operating tax and surcharges increased by 36.36% to ¥647,202.01 in Q1 2015, primarily due to increased VAT payable by a subsidiary[15] - Non-operating income surged by 960.31% to ¥3,491,989.83 in Q1 2015, mainly due to government subsidies received[15] - Cash received from operating activities increased by 63.43% to ¥23,616,822.30 in Q1 2015, attributed to increased grants received[15]