NNCC(SH:600435)2018-04-26 16:00Financial Performance - Operating revenue fell by 24.48% to CNY 178,649,887.23 year-on-year[9] - Net profit attributable to shareholders decreased by 242.60% to a loss of CNY 10,157,777.91[9] - Basic and diluted earnings per share were both CNY -0.0068, a decrease of 236% year-on-year[9] - Total operating revenue for Q1 2018 was ¥178,649,887.23, a decrease of 24.5% compared to ¥236,546,890.77 in the same period last year[30] - Net profit for Q1 2018 was ¥3,197,098.20, a significant decline of 85.0% compared to ¥21,346,351.96 in Q1 2017[30] - Operating revenue for Q1 2018 was CNY 6,265,226.65, a decrease of 91.39% compared to CNY 72,778,744.11 in the same period last year[33] - Net profit for Q1 2018 was a loss of CNY 22,159,099.63, compared to a loss of CNY 8,866,244.92 in Q1 2017, representing an increase in loss of 149.73%[33] Assets and Liabilities - Total assets decreased by 6.41% to CNY 4,610,147,982.37 compared to the end of the previous year[9] - The total assets as of March 31, 2018, were ¥4,610,147,982.37, down from ¥4,925,649,053.09 at the beginning of the year[24] - The company's total assets decreased to ¥2,903,315,048.43 from ¥3,158,888,325.51 at the beginning of the year, reflecting a reduction of 8.1%[28] - Total liabilities decreased to ¥1,751,005,633.61 from ¥2,183,982,118.98 at the beginning of the year, reflecting a reduction in short-term borrowings and other liabilities[24] - Total liabilities decreased to ¥1,119,958,717.40 from ¥1,354,737,604.56, a decline of 17.3%[28] - The company's equity attributable to shareholders decreased to ¥1,783,356,331.03 from ¥1,804,150,720.95, a decrease of 1.8%[28] Cash Flow - Cash flow from operating activities showed an improvement, with a net outflow of CNY -13,660,606.38 compared to CNY -121,931,783.03 in the same period last year[9] - Cash received from sales of goods and services increased by 98.17% to ¥419,036,337.90 from ¥211,449,943.26 year-on-year, driven by increased collection of receivables[19] - Cash received from other operating activities rose by 592.73% to ¥23,975,418.66 from ¥3,461,000.99, mainly due to the receipt of demolition compensation of ¥22 million[20] - Total cash and cash equivalents at the end of Q1 2018 were CNY 471,869,322.36, down from CNY 573,664,852.57 at the beginning of the period[36] - Cash flow from financing activities resulted in a net outflow of CNY 82,133,246.64, compared to a net outflow of CNY 10,752,281.83 in the same period last year[36] Operational Efficiency - The company expects improvement in the second quarter following a significant reduction in delivery tasks from assembly units in the first quarter[9] - The company plans to focus on improving operational efficiency and exploring new market opportunities in the upcoming quarters[33] Shareholder Information - The total number of shareholders reached 150,409 by the end of the reporting period[14] Government Support - Government subsidies recognized in the current period amounted to CNY 453,600.00, related to normal business operations[11] Other Financial Metrics - The weighted average return on net assets decreased by 0.82 percentage points to -0.48%[9] - Financial expenses for Q1 2018 amounted to ¥3,581,752.19, a decrease of 29.89% from ¥5,108,515.55 in the same period last year, due to a reduction in loan scale and interest expenses[19] - The company incurred financial expenses of CNY 746,333.88, a decrease of 73.06% from CNY 2,771,164.86 in the previous year[33] - Operating costs for Q1 2018 totaled ¥98,020,490.83, a decrease of 30.93% compared to ¥141,923,133.12 in the same period last year, attributed to a decline in sales revenue and changes in product structure[19] - Total operating expenses for Q1 2018 were CNY 456,672,362.94, an increase of 35.55% compared to CNY 336,842,727.28 in Q1 2017[34]