NBMC(SH:600798)2014-04-29 16:00Financial Performance - Operating revenue for the first quarter was CNY 227,735,731.60, a decrease of 4.60% year-on-year[9] - The company reported a net loss attributable to shareholders of CNY 13,144,317.20, an improvement from a loss of CNY 18,936,189.82 in the previous year[9] - The company's operating revenue decreased by 4.6% compared to the same period last year, primarily due to a reduction in capacity by 11.52% after selling 2 old bulk carriers, and fluctuations in the foreign trade transportation market[18] - The company's gross profit margin improved by 1.84 percentage points year-on-year, with the net profit attributable to shareholders of the listed company reducing losses by 5.79 million yuan[19] - Net profit for the current period is CNY -22,224,323.23, an improvement from CNY -29,057,788.01 in the previous period[33] Assets and Liabilities - Total assets decreased by 2.10% to CNY 6,498,818,301.32 compared to the end of the previous year[9] - Cash and cash equivalents decreased by 36.75% to CNY 16,624,410.00 compared to the end of the previous year[16] - The company's total assets as of March 31, 2014, amounted to 6,498.82 million yuan, a decrease from 6,638.51 million yuan at the beginning of the year[26] - The total liabilities decreased from 4,229.85 million yuan to 4,112.00 million yuan, indicating a reduction in financial obligations[26] - The total liabilities decreased from CNY 1,044,583,660.95 to CNY 961,972,551.76, a reduction of 7.91%[30] Cash Flow - Net cash flow from operating activities decreased by 38.57% to CNY 57,760,697.05 compared to the same period last year[9] - The net cash flow from operating activities decreased by 36.26 million yuan compared to the same period last year, mainly due to a slight decline in operating revenue and a temporary increase in accounts receivable[21] - Operating cash flow for the period was ¥57,760,697.05, a decrease of 38.6% compared to ¥94,023,352.95 in the previous period[37] - Cash inflow from operating activities totaled ¥230,671,852.55, down 8.5% from ¥252,197,372.87[37] - Cash outflow from operating activities increased to ¥172,911,155.50, compared to ¥158,174,019.92 in the previous period, reflecting a rise of 9.3%[37] Shareholder Information - The company’s total number of shareholders was 68,724 at the end of the reporting period[12] - The largest shareholder, Ningbo Shipping Group Co., Ltd., holds 41.90% of the shares[12] - Zhejiang Energy Group acquired 51% of the controlling shareholder Ningbo Shipping Group, indirectly controlling 41.90% of the company's shares[21] Investment Activities - The net cash outflow from investment activities decreased by 18.27 million yuan year-on-year, primarily due to reduced fixed asset investments[21] - Investment activities resulted in a net cash outflow of ¥6,780,203.00, an improvement from a net outflow of ¥25,049,167.93 previously[38] Financing Activities - The net cash outflow from financing activities increased by 57.36 million yuan compared to the previous year, mainly due to an increase in bank loan repayments[21] - Cash inflow from financing activities was ¥7,349,400.00, up from ¥4,393,820.30 in the previous period, marking a growth of 67.5%[38] - Total cash outflow for financing activities reached ¥154,970,705.83, significantly higher than ¥94,657,546.48 in the previous period, reflecting a 63.8% increase[38] Other Financial Metrics - The weighted average return on net assets increased by 0.31 percentage points to -0.68%[9] - Basic earnings per share improved to CNY -0.0151 from CNY -0.0217, indicating a positive trend[33] - The company reported an investment income of CNY 10,520.88 compared to a loss of CNY -829,549.37 in the previous period[33]