NXBM(SH:600449)2016-04-27 16:00Financial Performance - Operating revenue for the period was ¥267,119,139.97, showing a decrease of 0.30% year-on-year [7]. - Net profit attributable to shareholders was a loss of ¥92,568,149.43, which is a decline of 10.36% compared to the previous year [7]. - The company's weighted average return on net assets decreased by 0.32 percentage points to -2.22% [7]. - The company's basic and diluted earnings per share were both -¥0.19, a decrease of 11.76% compared to the previous year [7]. - Total operating revenue for Q1 2016 was CNY 267,119,139.97, a slight decrease of 0.3% compared to CNY 267,921,619.33 in the previous period [26]. - The company recorded a net loss of CNY 91,296,620.95 in Q1 2016, compared to a net loss of CNY 100,939,776.21 in the previous year [26]. - The company's total revenue for Q1 2016 was ¥12,694,181.21, a decrease of 35.5% compared to ¥19,774,905.36 in the same period last year [28]. - The net loss for Q1 2016 was ¥90,442,313.85, compared to a net loss of ¥77,650,665.07 in Q1 2015, representing an increase in loss of 16.5% [27]. - The operating profit (loss) for Q1 2016 was -¥8,914,511.61, worsening from -¥5,546,114.15 in Q1 2015 [28]. - The total comprehensive loss for Q1 2016 was ¥90,442,313.85, compared to a total comprehensive loss of ¥77,650,665.07 in Q1 2015 [27]. Cash Flow - Cash flow from operating activities improved significantly to ¥37,976,920.92, a turnaround from a loss of ¥6,489,616.45 in the same period last year, representing an increase of 685.20% [7]. - Operating cash flow for the reporting period was $37,976,920.92, a significant increase of 685.20% compared to the same period last year, which reported a cash outflow of $6,489,616.45 [15]. - The cash flow from operating activities for Q1 2016 was ¥37,976,920.92, a significant improvement from -¥6,489,616.45 in the same period last year [30]. - The net cash flow from operating activities improved to -CNY 307,064.99 compared to -CNY 22,906,545.60 in the previous period, showing a positive trend [32]. - Total cash inflow from operating activities was significantly impacted by a decrease in cash received from sales, which fell to CNY 444,040.00 from CNY 702,180.50, a decline of 36.8% [32]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥7,783,463,566.18, a slight increase of 0.22% compared to the previous year [7]. - The company's current assets totaled CNY 2,279,488,453.42, up from CNY 2,171,420,131.23 at the start of the year, indicating a growth of approximately 5% [20]. - Total liabilities increased to CNY 3,431,898,265.99 from CNY 3,325,479,150.94, marking an increase of approximately 3.2% [21]. - The company's total equity decreased to CNY 4,351,565,300.19 from CNY 4,440,917,367.51, indicating a decline of about 2% [21]. - The total current liabilities amounted to CNY 2,412,299,793.64, an increase from CNY 2,304,916,533.51, representing a rise of approximately 4.7% [21]. Inventory and Prepayments - The company reported a significant increase in prepayments, which rose by 44.62% to ¥138,088,473.95 due to advance payments for bulk raw material purchases [13]. - Inventory levels increased by 38.06% to ¥515,154,995.99 as the company stored a certain amount of clinker for future cement production [13]. - Inventory rose significantly to CNY 515,154,995.99 from CNY 373,151,604.93, marking an increase of around 38% [20]. Competition and Business Strategy - The company has committed to resolving industry competition issues with a five-year plan to consolidate its cement business into a single development platform [19]. - The company has pledged to avoid any direct or indirect competition with its subsidiary, ensuring compliance with regulatory requirements [19]. - The company is actively working to fulfill its commitments regarding the resolution of industry competition, despite facing challenges due to regional differences and ongoing state-owned enterprise reforms [19]. - The company has set a target to complete the integration of its cement business within five years, aiming to eliminate potential competition [19]. - The company will ensure that any losses incurred due to undisclosed liabilities prior to the merger will be compensated within seven working days [19]. Investment and Financing Activities - Investment cash flow for the reporting period was -$9,717,495.15, a decrease of 31.06% from -$14,095,034.61 in the previous year, primarily due to increased cash payments related to the acquisition of a 49% stake in Ningxia Racehorse Concrete Co., Ltd. [15]. - Financing cash flow for the reporting period was -$7,606,492.09, a decline of 121.11% compared to a cash inflow of $36,033,720.97 last year, attributed to lower cash received from borrowings and debt repayments [15]. - The company raised ¥180,000,000.00 through borrowings in Q1 2016, down from ¥300,000,000.00 in Q1 2015 [31].