NNCC(SH:600435)2016-04-20 16:00Financial Performance - Operating revenue increased by 12.51% to CNY 274,104,037.77 compared to the same period last year[9] - Net profit attributable to shareholders decreased by 5.64% to CNY 8,569,696.72 compared to the same period last year[9] - Net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 85.54% to CNY 983,528.40 compared to the same period last year[9] - Total operating revenue for Q1 2016 was CNY 274,104,037.77, an increase of 12.5% compared to CNY 243,620,044.54 in the same period last year[33] - Total operating costs for Q1 2016 were CNY 262,240,759.30, up 15.6% from CNY 226,764,560.64 in Q1 2015[33] - Net profit for Q1 2016 reached CNY 26,142,045.66, representing a 55.0% increase from CNY 16,875,002.27 in Q1 2015[33] - The company's operating revenue for the current period is ¥74,528,470.43, a decrease of 14.1% compared to ¥86,793,750.74 in the previous period[37] - The operating profit has turned into a loss of ¥18,774,832.63, compared to a profit of ¥1,018,765.36 in the previous period[37] - The net profit for the current period is a loss of ¥9,244,416.14, compared to a profit of ¥2,615,254.25 in the previous period, indicating a significant decline[37] - The company’s total comprehensive income for the current period is -¥9,244,416.14, compared to ¥2,615,254.25 in the previous period[37] Cash Flow and Liquidity - Cash flow from operating activities was negative at CNY -363,717,761.02, compared to CNY -318,136,353.82 in the same period last year[9] - Cash received from other operating activities decreased by 56.89% to CNY 10,182,135.13 in Q1 2016, primarily due to reduced project funding[16] - The net cash flow from operating activities is -¥363,717,761.02, worsening from -¥318,136,353.82 in the previous period[39] - Cash and cash equivalents decreased by 43.27% to CNY 479,544,524.85 compared to the beginning of the year[15] - Cash and cash equivalents at the end of the period stand at ¥477,487,453.30, down from ¥360,649,034.36 in the previous period[40] - The total cash outflow from operating activities increased to ¥537,090,374.69 from ¥492,816,516.78 in the previous period[39] - The ending cash and cash equivalents balance was $36,086,987.86, down from $77,064,977.21[43] Assets and Liabilities - Total assets decreased by 2.82% to CNY 4,259,175,083.55 compared to the end of the previous year[9] - Total current assets as of March 31, 2016, were CNY 2,552,695,581.68, down from CNY 2,656,630,803.60 at the beginning of the year[23] - Total liabilities decreased to CNY 1,686,481,322.09 from CNY 1,836,935,866.31 at the beginning of the year[25] - The company's total assets as of March 31, 2016, were CNY 4,259,175,083.55, down from CNY 4,382,815,321.74 at the beginning of the year[24] - Total liabilities increased to CNY 812,620,139.46 from CNY 769,979,538.04, reflecting a rise of 5.7%[29] - The company's total equity decreased slightly to CNY 1,878,362,635.03 from CNY 1,887,145,448.08, reflecting a decline of 0.4%[29] Shareholder Information - The number of shareholders reached 79,168 at the end of the reporting period[13] - The largest shareholder, North Navigation Technology Group Co., Ltd., holds 33.79% of the shares[13] - The second largest shareholder, Zhongbing Investment Management Co., Ltd., has committed to not reducing its shareholding during the increase period[19] Other Financial Metrics - Prepayments increased by 193.91% to CNY 271,128,754.36 compared to the beginning of the year[15] - Other receivables increased by 36.01% to CNY 16,089,203.70 compared to the beginning of the year[15] - As of March 31, 2016, the special reserve increased by 40.41% to CNY 2,336,010.10 from CNY 1,663,749.73 at the beginning of the year, primarily due to the provision for safety production fees[16] - In Q1 2016, the operating tax and additional charges amounted to CNY 1,012,549.79, a 56.45% increase compared to the same period last year, mainly due to increased VAT from a subsidiary[16] - The non-operating income for Q1 2016 was CNY 18,715,648.77, up 435.96% year-on-year, attributed to maintenance subsidies and VAT refunds from a subsidiary[16] - Income tax expenses for the period were CNY 4,436,881.58, reflecting a 33.67% increase year-on-year, driven by profit growth at a subsidiary[16] - Accounts receivable rose to CNY 309,491,880.36, up 25.7% from CNY 245,337,059.38 at the beginning of the year[28] - Inventory levels increased to CNY 279,090,016.97, compared to CNY 218,831,818.81 at the start of the year, marking a 27.5% rise[28] - Basic earnings per share for Q1 2016 remained stable at CNY 0.01, consistent with Q1 2015[34] - The company reported a basic and diluted earnings per share of -¥0.012, compared to ¥0.004 in the previous period[37] - The company incurred financial expenses of ¥1,497,662.81, up from ¥1,261,294.12 in the previous period[37] - The company raised ¥31,550,000.00 from borrowings, a decrease from ¥129,050,000.00 in the previous period[40]