NJEC(SH:600699)2018-04-27 16:00Financial Performance - The company's overall gross profit margin for Q1 2018 was 17.1%, an increase of 3 percentage points compared to Q4 2017, indicating a recovery trend [7]. - Operating revenue for the period reached ¥6,984,880,892.07, representing a year-on-year increase of 7.03% [10]. - Net profit attributable to shareholders was ¥31,102,804.31, a significant decrease of 85.04% compared to the same period last year [10]. - The company experienced a 59.97% decline in operating profit, totaling ¥141,331,490.13, due to increased financial and management expenses related to the Takata acquisition [16]. - Total operating revenue for Q1 2018 was CNY 6,984,880,892.07, an increase of 7.0% compared to CNY 6,526,275,229.55 in the same period last year [30]. - Net profit for Q1 2018 was CNY 120,517,050.28, a decrease of 60.6% from CNY 305,256,448.37 in Q1 2017 [30]. - The company reported a total comprehensive loss of CNY 124,456,936.54 for Q1 2018, compared to a comprehensive income of CNY 321,489,146.78 in Q1 2017 [31]. Cash Flow - The net cash flow from operating activities was a net outflow of ¥102,650,974.44, a decline of 130.01% year-on-year, primarily due to increased raw material procurement payments [10]. - The net cash flow from operating activities for the current period was -102.65 million RMB, a decrease of 130.01% compared to the previous period [17]. - Cash inflow from investment activities totaled ¥2,230,303,854.37, significantly up from ¥1,045,552,142.28, marking an increase of about 113% [38]. - Net cash flow from investment activities improved to ¥173,931,245.87 from -¥2,142,570,126.77, indicating a recovery in investment performance [38]. - Cash inflow from financing activities rose to ¥4,380,345,389.28, compared to ¥1,952,973,521.13, an increase of approximately 124% [38]. - Net cash flow from financing activities was positive at ¥1,921,774,726.34, a significant turnaround from -¥5,095,287,359.89 in the previous period [38]. - The ending cash and cash equivalents balance increased to ¥5,777,438,294.01 from ¥2,205,564,911.39, reflecting a substantial growth of about 161% [38]. Assets and Liabilities - Total assets increased by 4.20% to ¥36,839,278,920.95 compared to the end of the previous year [10]. - The total assets as of March 31, 2018, amounted to 36.84 billion RMB, an increase from 35.36 billion RMB at the beginning of the year [22]. - The total liabilities as of March 31, 2018, were 23.27 billion RMB, compared to 21.65 billion RMB at the beginning of the year [23]. - The company reported a total equity of 13.57 billion RMB as of March 31, 2018, slightly down from 13.70 billion RMB at the beginning of the year [23]. - The company’s total equity decreased to CNY 12,375,549,371.21 from CNY 12,414,717,420.19 year-over-year [30]. Financial Expenses - The company issued ¥1 billion in medium-term notes and ¥1 billion in short-term financing bonds, leading to an increase in overall financing costs [7]. - The company's financial expenses increased due to costs associated with the acquisition of Takata assets, totaling approximately ¥200 million [7]. - The company incurred financial expenses of CNY 186,644,585.81, an increase of 62.1% from CNY 115,212,067.14 in Q1 2017 [30]. Future Outlook - The company expects to achieve revenue between 22 billion RMB and 25 billion RMB for the first half of 2018, with a net profit attributable to shareholders of approximately 400 million to 500 million RMB [19]. - The completion of the acquisition of Takata's major assets, excluding the PSAN business, was finalized on April 12, 2018, which is expected to positively impact overall performance [18].