NSU(SZ:002089)2018-05-04 16:00Revenue and Profit - The company's revenue for Q1 2018 was ¥90,194,767.95, a decrease of 67.34% compared to ¥276,153,219.97 in the same period last year[8] - Net profit attributable to shareholders was ¥18,207,323.03, an increase of 39.73% from ¥13,030,804.45 year-on-year[8] - The company’s total profit for Q1 2018 was 1,501.04 million, a decrease of 31.87% compared to 2,203.12 million in Q1 2017, mainly due to losses from subsidiaries[20] - The net profit attributable to shareholders for the first half of 2018 is expected to range from 8.4031 million to 20.1675 million yuan, a decrease of 64% to 85% compared to 56.0207 million yuan in the same period of 2017[28] - The net profit for Q1 2018 was CNY 13,487,140.18, down from CNY 17,990,826.84 in the same period last year, indicating a decrease of about 25.5%[44] - The total profit for Q1 2018 was CNY 15,010,391.09, compared to CNY 22,031,156.28 in the previous year, showing a decline of around 31.9%[44] Cash Flow and Assets - The net cash flow from operating activities was ¥9,633,344.06, a significant improvement of 116.35% from -¥58,912,146.79 in the same period last year[8] - Cash and cash equivalents decreased by 10,477.23 million, a reduction of 30.05%, primarily due to significant debt repayments during the period[17] - Total current assets decreased from 1,653.96 million yuan at the beginning of the period to 1,522.93 million yuan at the end of the period[35] - Cash and cash equivalents decreased from 348.69 million yuan to 243.92 million yuan[35] - The total cash and cash equivalents at the end of Q1 2018 stood at ¥228,347,102.90, down from ¥367,796,024.37 at the end of Q1 2017[53] - The company experienced a net decrease in cash and cash equivalents of ¥104,857,544.25 for the quarter, compared to a decrease of ¥242,540,355.82 in the same quarter last year[53] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 55,039[11] - The largest shareholder, Zhang Yibin, holds 18.05% of the shares, amounting to 248,136,106 shares, with a significant portion pledged[11] Operating Performance - Operating revenue for Q1 2018 was 9,019.48 million, a decrease of 67.34% compared to 27,615.32 million in Q1 2017, primarily due to reduced specialized network communication business and outsourcing of software development by a subsidiary[19] - Operating costs decreased by 15,084.95 million, down 70.08%, in line with the decrease in operating revenue[19] - The company's operating revenue for Q1 2018 was CNY 22,254,815.61, a decrease from CNY 41,675,302.93 in the previous year, representing a decline of approximately 46.4%[48] - The operating profit for Q1 2018 was CNY 14,548,020.90, down from CNY 18,772,242.84 in the previous year, indicating a decrease of approximately 22.4%[44] Investment and Future Plans - The company established a merger fund with a commitment of 200 million for investment in the new energy industry chain[23] - The company plans to invest an additional 500 million in a lithium industry fund for projects in Canada and domestic processing plants[23] - The company reported investment income of CNY 45,242,388.58 in Q1 2018, significantly higher than CNY 16,528,677.47 in the previous year, marking an increase of approximately 173.5%[44] - The company anticipates a reduction in investment income due to the adjustment of new energy vehicle subsidy policies, which is expected to impact production and sales across the industry[28] Financial Health - Total assets at the end of the reporting period were ¥4,419,427,944.55, a decrease of 4.19% from ¥4,612,854,628.75 at the end of the previous year[8] - Total liabilities decreased to CNY 2,502,845,794.66 from CNY 2,709,759,619.04, a reduction of 7.6%[37] - The company's equity attributable to shareholders increased to CNY 1,758,532,504.36 from CNY 1,740,325,181.33, showing a growth of 1.4%[38] Compliance and Governance - The company has no violations regarding external guarantees during the reporting period[29] - There are no non-operating fund occupations by controlling shareholders or related parties during the reporting period[30] - The company did not conduct an audit for the Q1 2018 report, which may affect the reliability of the financial data presented[58]