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南京化纤(600889) - 2018 Q1 - 季度财报
NCFCNCFC(SH:600889)2018-04-26 16:00

Financial Performance - Operating revenue decreased by 14.76% to CNY 318,094,284.44 compared to the same period last year[8] - Net profit attributable to shareholders was a loss of CNY 19,257,111.25, a decrease of 191.75% compared to the same period last year[8] - Net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 20,127,058.44, a decrease of 200.96% compared to the same period last year[8] - Basic earnings per share were CNY -0.063, a decrease of 192.65% compared to the same period last year[8] - The company reported a net loss for the quarter, with total costs exceeding revenues, highlighting the need for strategic adjustments[28] - The company's operating profit for Q1 2018 was a loss of ¥2,279,882.17, compared to a profit of ¥1,686,655.14 in the previous period[33] - The net profit for Q1 2018 was a loss of ¥19,210,993.42, compared to a profit of ¥21,067,056.29 in the same period last year[30] - The total profit for Q1 2018 was a loss of ¥19,195,618.42, significantly down from a profit of ¥28,065,841.98 in the previous year[30] Assets and Liabilities - Total assets decreased by 1.76% to CNY 1,812,930,413.74 compared to the end of the previous year[8] - Total liabilities decreased to CNY 429,124,159.09 from CNY 425,458,365.81 at the start of the year, indicating a slight reduction in financial obligations[26] - The company's long-term equity investments decreased slightly to CNY 214,941,832.96 from CNY 217,614,424.99 at the beginning of the period[20] - The company's inventory increased by 20.39% to CNY 354,893,579.64 compared to the beginning of the period, indicating potential overstocking[20] Shareholder Information - The total number of shareholders was 27,152 at the end of the reporting period[11] - The largest shareholder, Nanjing New Industry Investment Group Co., Ltd., held 33.02% of the shares[11] Cash Flow and Management - The company received government subsidies of CNY 65,000 related to its normal business operations[8] - The company's cash flow from operating activities improved by 83.35%, reaching CNY -18,172,344.57, indicating a better cash collection ratio compared to the same period last year[13] - The net cash flow from operating activities was -18,172,344.57 RMB, an improvement from -109,152,372.86 RMB in the previous period[36] - Total cash inflow from operating activities was 213,329,696.56 RMB, compared to 157,379,413.08 RMB in the prior period, indicating a 35.5% increase[36] - Cash outflow from operating activities totaled 231,502,041.13 RMB, down from 266,531,785.94 RMB, reflecting a 13.1% decrease[36] Operational Changes and Future Plans - The company has initiated a project to construct a differentiated viscose staple fiber production line with an annual capacity of 160,000 tons, which is currently under construction[15] - The company raised CNY 370,337,173.79 in net funds from a private placement of shares, which will be used for business development[15] - The company plans to utilize up to CNY 340 million of idle raised funds for cash management within the next twelve months[16] - The company is required to shut down the coal-fired unit of its subsidiary by October 2018, which may impact the production of viscose filament yarn due to energy supply issues[16] - The company is focusing on enhancing operational efficiency and exploring new market opportunities to drive future growth[28] Expense Management - The company reported a significant decrease in sales expenses by 30.39% to CNY 2,721,256.70 due to reduced sales volume[13] - The company's management expenses for Q1 2018 were ¥5,688,961.94, a decrease from ¥6,354,116.30 in the previous year[32] - The financial expenses for Q1 2018 were ¥1,490.49, compared to a negative expense of -¥5,568.51 in the previous period[32] - The tax expenses for Q1 2018 were ¥15,375.00, compared to ¥6,998,785.69 in the previous year[30] Investment Activities - The net cash flow from investment activities was 843,091.42 RMB, a decrease from 7,406,239.11 RMB in the previous period[39] - Cash inflow from investment activities was 1,587,566.06 RMB, compared to 10,296,158.27 RMB in the prior period, showing a significant decline[36] - The company received 10,000,000.00 RMB related to investment activities, which was not present in the previous period[39]