NCFC(SH:600889)2014-04-28 16:00Financial Performance - Operating revenue for the period was CNY 457,257,874.42, representing an increase of 58.14% year-on-year[4] - Net profit attributable to shareholders was CNY -15,866,712.27, a decline of 194.42% compared to the same period last year[4] - Basic earnings per share were CNY -0.052, down 194.55% from CNY 0.055 in the previous year[4] - The company's operating revenue for the first quarter of 2014 was CNY 457,257,874.42, an increase of 58.14% compared to CNY 289,140,393.21 in the same period last year[8] - The net profit for the current period was a loss of ¥14,423,771.28, contrasting with a net profit of ¥16,975,711.87 in the previous period[22] - The basic earnings per share for the current period was -0.052, compared to 0.055 in the previous period, reflecting a decline[23] Cash Flow - Cash flow from operating activities was CNY 125,264,179.19, compared to CNY -77,003,052.42 in the same period last year[4] - Cash inflow from operating activities was ¥596,463,086.08, significantly higher than ¥169,105,544.68 in the previous period, indicating a growth of about 253.5%[26] - Operating cash inflow for the current period was CNY 93,979,227.89, compared to CNY 46,608,006.73 in the previous period, representing a significant increase[30] - Net cash flow from operating activities was CNY 49,208,308.10, a turnaround from a negative CNY 12,241,406.32 in the previous period[30] - The company reported a cash decrease of CNY 163,050,025.63 for the current period, contrasting with an increase of CNY 61,896,642.56 in the previous period[29] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,370,943,995.22, a decrease of 3.96% compared to the end of the previous year[4] - The company’s total assets decreased to CNY 3,370,943,995.22 from CNY 3,510,048,852.68, a decline of 3.98%[15] - The company’s total liabilities decreased to CNY 2,339,931,764.47 from CNY 2,403,713,407.60, a reduction of 2.65%[15] - Total liabilities decreased to ¥1,247,289,641.81 from ¥1,346,147,716.94, showing a reduction of about 7.3%[19] - The owner's equity rose to ¥931,463,301.69, up from ¥811,068,465.44, marking an increase of approximately 14.8%[19] Shareholder Information - The total number of shareholders was 31,783 at the end of the reporting period[6] - The largest shareholder, Nanjing Light Textile Industry Group Co., Ltd., held 40.84% of the shares, totaling 125,407,882 shares[7] - The controlling shareholder, Nanjing Light Textile Industry (Group) Co., Ltd., transferred 101,407,882 shares (33.02% of total shares) to Nanjing New Industry Investment Group Co., Ltd., making it the new controlling shareholder[9] Operating Costs and Expenses - The operating cost rose to CNY 404,391,306.93, reflecting a 75.15% increase from CNY 230,880,020.81, primarily due to increased costs associated with real estate sales[8] - Total operating costs amounted to ¥460,160,932.53, compared to ¥270,098,070.39 in the previous period, indicating an increase of about 70.4%[22] - The company reported other operating income and expenses totaling CNY -367,830.23, leading to a net impact of CNY -337,830.23[4] Investment Performance - The company reported a net investment loss of CNY 9,521,063.82, a significant increase of 309.49% compared to a loss of CNY 2,325,098.70 in the previous year[8] - The company reported an investment loss of ¥9,521,063.82, compared to a loss of ¥2,325,098.70 in the previous period[22] Government Support - The company received government subsidies amounting to CNY 30,000.00 during the reporting period[4]