NFC(SZ:000758)2017-04-27 16:00Financial Performance - The company's operating revenue for Q1 2017 was ¥4,424,034,726.83, representing a 34.05% increase compared to ¥3,300,203,384.44 in the same period last year[10] - Net profit attributable to shareholders was ¥91,262,498.13, up 39.72% from ¥65,316,950.74 year-on-year[10] - The net profit after deducting non-recurring gains and losses was ¥87,905,992.14, reflecting a 48.82% increase from ¥59,066,775.60 in the previous year[10] - The basic earnings per share increased to ¥0.0463, a rise of 39.46% compared to ¥0.0332 in the same period last year[10] - The company's operating revenue for the reporting period was CNY 4,424,034,726.83, an increase of 34.05% compared to the previous year, primarily due to price increases in non-ferrous metal mining and trading[18] - Operating costs rose to CNY 3,901,002,453.73, reflecting a 30.37% increase, also driven by higher prices in the same sectors[18] - The company reported a significant decrease in investment income, totaling CNY 5,009,005.62, down 64.31% from the previous year, attributed to reduced net profits from the associate company[18] - The total comprehensive income for Q1 2017 was ¥260,423,211.49, significantly higher than ¥24,065,740.65 in Q1 2016[34] Assets and Liabilities - The total assets at the end of the reporting period were ¥25,090,177,086.75, which is a 4.94% increase from ¥23,909,968,726.88 at the end of the previous year[10] - The net assets attributable to shareholders increased to ¥5,280,931,221.74, marking a 3.80% rise from ¥5,087,620,104.23 at the end of the previous year[10] - Total assets increased to ¥25,090,177,086.75 from ¥23,909,968,726.88, representing a growth of approximately 4.9%[30] - Current assets rose to ¥17,630,496,375.39, up from ¥16,256,577,392.34, indicating an increase of about 8.4%[30] - Inventory increased significantly to ¥5,081,900,295.24 from ¥4,455,228,536.02, reflecting a growth of approximately 14.0%[30] - Total liabilities rose to ¥18,033,885,025.18 from ¥17,089,696,909.68, which is an increase of approximately 5.5%[31] - The company's total liabilities increased to ¥14,303,254,908.84 from ¥13,817,747,200.28, reflecting a growth of 3.5%[33] - Non-current liabilities increased to ¥1,371,453,225.00 from ¥1,294,751,964.77, marking a growth of 5.9%[33] Cash Flow - The net cash flow from operating activities was negative at -¥803,766,874.40, worsening by 40.37% compared to -¥572,611,689.69 in the same period last year[10] - The net cash flow from operating activities for the first quarter was -803,766,874.40 CNY, compared to -572,611,689.69 CNY in the previous period, indicating a decline of approximately 40.2%[36] - Total cash inflow from operating activities was 4,822,304,743.79 CNY, while cash outflow was 5,626,071,618.19 CNY, resulting in a cash outflow of 803.77 million CNY[36] - The company reported a net cash flow from investment activities of 26,681,825.70 CNY, a significant improvement from -55,641,289.27 CNY in the previous period[36] - Cash inflow from financing activities was 2,511,797,297.41 CNY, with a net cash flow of 869,843,158.44 CNY, slightly up from 869,590,462.23 CNY in the previous period[36] - The ending cash and cash equivalents balance was 1,866,376,508.37 CNY, down from 3,542,791,456.27 CNY year-over-year[36] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 129,211[13] - The company's equity attributable to shareholders increased to ¥5,280,931,221.74 from ¥5,087,620,104.23, showing a growth of about 3.8%[31] Tax and Other Expenses - The company’s income tax expense surged to CNY 82,000,509.81, a 201.43% increase, driven by a rise in taxable income[18] - The company’s operating tax and additional expenses rose by 183.47% to CNY 45,398,853.34, due to reclassification of taxes previously reported under management expenses[18] Miscellaneous - The company did not conduct an audit for the first quarter report[38]