NCFC(SH:600889)2017-04-21 16:00Financial Performance - Operating revenue for the period was CNY 373,154,991.46, representing an increase of 4.46% year-on-year [5]. - Net profit attributable to shareholders was CNY 20,988,101.17, a significant increase of 213.65% compared to the same period last year [5]. - Basic earnings per share rose to CNY 0.068, reflecting a growth of 209.09% year-on-year [5]. - The company reported a significant increase in net profit attributable to shareholders, which was CNY 19,935,822.30, up 228.81% year-on-year [5]. - Net profit for Q1 2017 reached CNY 21,067,056.29, a significant increase from CNY 6,872,678.78 in Q1 2016, representing a growth of 206.5% [26]. - Earnings per share for Q1 2017 were CNY 0.068, compared to CNY 0.022 in the same quarter last year, marking a 209.1% increase [27]. - The total profit for the current period is 2,103,872.07, an increase of 24.4% compared to the previous period's 1,690,880.83 [28]. - Net profit for the current period is 2,103,872.07, up 24.4% from 1,690,880.83 in the previous period [28]. Cash Flow - Cash flow from operating activities showed a net outflow of CNY 109,152,372.86, a decline of 276.29% compared to the previous year [5]. - The net cash flow from operating activities was negative at CNY -109,152,372.86, a decrease of 276.29% compared to the previous year's CNY 61,914,656.68 [13]. - Cash inflow from operating activities is 157,379,413.08, down 52.8% from 333,468,681.88 in the previous period [30]. - Cash outflow from operating activities is 266,531,785.94, slightly decreased by 1.5% from 271,554,025.20 in the previous period [31]. - The company reported a net cash increase of -102,893,713.40, contrasting with a positive increase of 55,792,073.88 in the previous period [32]. - Cash flow from investment activities shows a net inflow of 7,406,239.11, down 84.6% from 48,023,341.43 in the previous period [34]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,225,624,143.78, a decrease of 0.13% compared to the end of the previous year [5]. - The total assets decreased slightly from CNY 2,228,416,137.67 to CNY 2,225,624,143.78 [18]. - The total liabilities decreased from CNY 738,664,589.38 to CNY 714,805,539.20 [19]. - Total assets as of March 31, 2017, amounted to CNY 1,742,186,784.74, down from CNY 1,759,879,830.67 at the beginning of the year [23]. - Total liabilities as of March 31, 2017, were CNY 503,050,352.77, a decrease from CNY 522,847,270.77 at the start of the year [23]. - The company's total equity reached CNY 1,239,136,431.97 as of March 31, 2017, slightly up from CNY 1,237,032,559.90 at the beginning of the year [23]. Shareholder Information - The total number of shareholders at the end of the reporting period was 25,848 [10]. - The largest shareholder, Nanjing New Industry Investment Group Co., Ltd., held 33.02% of the shares [10]. Inventory and Receivables - Accounts receivable decreased by 63.12% from CNY 75,728,245.41 to CNY 27,926,746.77, attributed to cash received from sales being lower than the notes payable for purchases and project payments [12]. - Inventory increased by 86.06% from CNY 131,992,405.86 to CNY 245,580,295.63, primarily due to a significant increase in inventory goods [12]. - The company reported a significant decrease in prepayments, down 70.10% from CNY 43,110,629.45 to CNY 12,890,067.79, mainly due to a reduction in advance payments for short fiber products [12]. Financial Expenses and Investments - The company's financial expenses increased by 296.71% to CNY 2,763,135.78, primarily due to increased exchange losses [12]. - The company reported an investment income of CNY 2,331,766.16, a significant improvement from a loss of CNY -1,819,418.70 in the same period last year [13]. - The company is planning a non-public offering of shares, which has been approved by the Jiangsu Provincial State-owned Assets Supervision and Administration Commission, pending approval from the China Securities Regulatory Commission [13].