NCFC(SH:600889)2016-04-21 16:00Financial Performance - Operating revenue increased by 9.79% year-on-year, reaching ¥357,206,556.31[6] - Net profit attributable to shareholders increased significantly by 479.92%, totaling ¥6,063,026.59[6] - Basic earnings per share rose to ¥0.022, a 466.67% increase compared to the previous year[6] - The company reported a net profit of ¥6,691,500.07 for the period, compared to a loss of ¥1,770,496.09 in the same period last year[6] - The company reported a significant increase in other operating income by 350.99% to CNY 21,320.50, mainly from government subsidies received[13] - Net profit for Q1 2016 reached CNY 6,872,678.78, a significant recovery from a net loss of CNY 1,489,312.88 in the previous year[26] - The company’s operating revenue for Q1 2016 was ¥39,740,024.68, a decrease of 52.8% compared to ¥84,161,625.65 in the same period last year[28] - The net profit for Q1 2016 was ¥1,690,880.83, recovering from a net loss of ¥1,702,925.38 in the previous year[28] Cash Flow and Assets - Cash flow from operating activities decreased by 12.94%, amounting to ¥61,914,656.68[6] - The company's cash and cash equivalents increased by 49.49% to CNY 121,693,680.01 due to the maturity of bank wealth management products[13] - The cash flow from operating activities generated a net amount of ¥61,914,656.68, down from ¥71,114,948.93 in the previous year[31] - The total cash and cash equivalents at the end of Q1 2016 amounted to ¥112,115,540.30, an increase from ¥65,281,910.79 at the end of the previous year[32] - The net increase in cash and cash equivalents was 38,228,089.38 for Q1 2016, compared to 14,405,658.08 in the previous period[33] - The ending balance of cash and cash equivalents reached 49,376,937.05, up from 24,665,625.14 in the previous period[33] Shareholder Information - The total number of shareholders at the end of the reporting period was 39,071[11] - The largest shareholder, Nanjing New Industry Investment Group Co., Ltd., holds 33.02% of the shares[11] Financial Position - Total assets decreased by 3.62% from the end of the previous year, amounting to ¥2,092,496,775.37[6] - The total assets of the company decreased to CNY 2,092,496,775.37 from CNY 2,171,040,204.26, reflecting a reduction in both current and non-current assets[18] - The company's total assets as of March 31, 2016, amounted to CNY 1,755,760,753.19, slightly up from CNY 1,749,829,052.32 at the beginning of the year[22] - Total liabilities were reported at CNY 541,426,336.43, compared to CNY 537,185,516.39 at the start of the year, indicating a marginal increase[23] - The total equity attributable to shareholders of the parent company was CNY 1,403,476,623.67, up from CNY 1,396,785,123.60, reflecting a growth of 0.5%[23] Expenses and Losses - Cash flow from operating activities decreased by 12.94%, amounting to ¥61,914,656.68[6] - The company's financial expenses decreased by 83.62% to CNY 696,511.24, attributed to a reduction in total borrowings for production and operations[13] - The company’s financial expenses decreased significantly from CNY 4,251,899.48 to CNY 696,511.24, a reduction of 83.7%[26] - The company recorded an investment loss of ¥1,819,418.70 from joint ventures and associates, compared to a loss of ¥151,727.24 in the previous year[28] - Investment income showed a significant loss increase of 5689.56%, amounting to CNY -1,819,418.70, primarily due to losses from investments in Lenzing AG[13] Operational Metrics - Accounts receivable decreased by 18.65% to CNY 42,457,530.06, while prepayments increased significantly by 372.09% to CNY 42,257,089.06[13] - The company's accounts payable slightly decreased by 0.36% to CNY 236,265,543.51[13] - Total operating costs for Q1 2016 were CNY 347,600,019.08, up from CNY 325,846,363.97, reflecting a year-over-year increase of 6.4%[25] - The company’s management expenses increased to ¥6,267,904.56 from ¥804,318.95 in the previous year, reflecting higher operational costs[28] Future Plans - The company plans to maintain stock price stability and enhance investor confidence through various measures, including stock repurchases by major shareholders[15]