NXBM(SH:600449)2018-04-27 16:00Financial Performance - Operating revenue fell by 34.77% to CNY 345,239,478.32, attributed to a decrease in product sales[12] - Net profit attributable to shareholders was a loss of CNY 96,231,011.16, compared to a loss of CNY 62,309,392.75 in the same period last year[12] - Total profit for Q1 2018 was -89,280,938.06, a decline from -55,417,306.42 in the same period last year, attributed to decreased operating income and increased management expenses[14] - Net profit for Q1 2018 was -89,733,846.95, compared to -57,259,425.02 in the previous year, reflecting a significant decline in operating income[14] - Operating profit was reported at CNY -97,832,620.77, worsening from CNY -57,573,098.49 in the previous year[23] - Basic and diluted earnings per share were both CNY -0.18, compared to CNY -0.12 in the prior year[24] - Net loss for the period was CNY 89,733,846.95, compared to a net loss of CNY 57,259,425.02 in the same period last year, representing an increase in loss of 56.7%[24] Cash Flow - Cash flow from operating activities decreased by 55.41% to CNY 92,384,181.03[8] - Cash flow from operating activities generated a net amount of CNY 92,384,181.03, down 55.49% from CNY 207,208,253.79 in the previous year[29] - Cash flow from investing activities was -35,970,037.12, worsening from -11,379,895.75 in the previous year, due to increased cash payments for fixed assets and other long-term assets[14] - Cash flow from investing activities resulted in a net outflow of CNY 35,970,037.12, compared to a net outflow of CNY 11,379,895.75 in the same period last year[30] - Cash flow from financing activities showed a net outflow of CNY 160,202,419.90, worsening from a net outflow of CNY 140,976,785.71 in Q1 2017[30] - Cash inflow from operating activities totaled 7,540,535.24 RMB, down from 57,553,126.04 RMB year-over-year, reflecting a substantial drop in sales and service revenue[31] - Cash outflow from operating activities increased to 40,560,153.43 RMB, compared to 5,948,744.21 RMB in the previous year, highlighting rising operational costs[31] - Total cash outflow for the quarter was -104,580,732.49 RMB, compared to -39,880,615.30 RMB in the same quarter last year, indicating worsening cash flow management[31] Assets and Liabilities - Total assets decreased by 2.72% to CNY 7,146,173,500.21 compared to the end of the previous year[8] - Total assets as of March 31, 2018, amounted to 7,146,173,500.21, down from 7,346,325,576.95 at the beginning of the year[16] - Total liabilities decreased to 2,417,604,188.39 from 2,527,197,816.49 at the start of the year[17] - Current assets totaled 2,422,394,590.63, down from 2,560,675,132.53 at the beginning of the year[16] - The company's cash and cash equivalents decreased to 671,127,679.99 from 792,895,740.67[16] - Accounts receivable decreased to 599,496,693.59 from 604,088,927.93[16] - Total liabilities decreased to CNY 1,228,068,148.05 from CNY 1,327,372,283.95, a reduction of 7.5%[20] - Current liabilities totaled CNY 702,512,789.59, down from CNY 801,490,792.52, a decrease of 12.3%[20] Management and Operational Costs - Management expenses increased by 127.42% to CNY 117,306,405.63 due to increased losses during production downtime[12] - Total operating costs decreased to CNY 444,673,591.93, a reduction of 24.2% compared to CNY 586,872,943.37 in the prior year[23] - Employee compensation payments rose significantly to 7,930,463.07 RMB from 2,604,899.65 RMB, reflecting increased labor costs[31] - Other cash payments related to operating activities surged to 29,536,317.85 RMB from 2,076,269.77 RMB, indicating higher operational expenditures[31] Shareholder Information - The number of shareholders reached 35,962 at the end of the reporting period[12] Other Income and Subsidies - Government subsidies recognized in the reporting period amounted to CNY 9,683,851.85, contributing to a significant increase in non-operating income[9] - The company reported other income of CNY 571,928.57, which was not present in the previous year[26] Construction and Prepayments - Prepayments increased by 44.38% to CNY 223,785,596.87, driven by payments for technical renovation projects and raw materials[12] - The company reported a significant increase in construction in progress, rising by 117.14% to CNY 46,446,656.96 due to increased project activity[12]