NBMC(SH:600798)2025-04-27 08:05Financial Performance - The company's operating revenue for Q1 2025 was CNY 392,351,028, a decrease of 13.54% compared to CNY 453,777,457 in the same period last year[4] - The net profit attributable to shareholders was a loss of CNY 46,451,286.52, worsening from a loss of CNY 24,587,643.55 in the previous year[4] - The basic and diluted earnings per share were both CNY -0.0385, compared to CNY -0.0204 in the previous year[4] - Operating profit for Q1 2025 was a loss of CNY 53,339,633.81, compared to a loss of CNY 34,004,063.39 in Q1 2024[16] - The net profit for Q1 2025 was -53,917,630.08 RMB, compared to -34,202,135.34 RMB in Q1 2024, representing an increase in net loss of approximately 57.7%[17] - The total comprehensive loss for Q1 2025 was -54,163,360.61 RMB, compared to -34,036,996.31 RMB in Q1 2024, indicating a 59.3% increase in comprehensive loss[17] Cash Flow and Liquidity - The net cash flow from operating activities increased by 93.53% to CNY 132,574,937.19, compared to CNY 68,504,583.31 in the same period last year[4] - Cash and cash equivalents increased to CNY 473,813,160.25 as of March 31, 2025, up from CNY 404,114,297.32 as of December 31, 2024, representing a growth of 17.2%[11] - The company’s cash flow management appears to be improving, as indicated by the increase in cash and cash equivalents[11] - Operating cash flow for Q1 2025 was 132,574,937.19 RMB, up 93.6% from 68,504,583.31 RMB in Q1 2024[20] - The company reported cash outflows from financing activities of 56,308,341.00 RMB in Q1 2025, compared to 106,591,745.81 RMB in Q1 2024, reflecting a reduction of 47.3%[21] - The company experienced a net cash outflow from investment activities of -5,721,376.29 RMB in Q1 2025, compared to -14,599,540.24 RMB in Q1 2024, showing an improvement of 60.8%[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,326,221,892.65, a slight increase of 0.06% from CNY 6,322,712,829.67 at the end of the previous year[4] - Total liabilities increased to CNY 1,256,614,874.31 as of March 31, 2025, compared to CNY 1,200,243,276.95 as of December 31, 2024, an increase of 4.7%[13] - Non-current assets totaled CNY 5,374,778,427.06 as of March 31, 2025, down from CNY 5,410,103,382.20 as of December 31, 2024, a decrease of 0.7%[12] - Total assets amounted to CNY 6,326,221,892.65 as of March 31, 2025, slightly up from CNY 6,322,712,829.67 as of December 31, 2024[12] Shareholder Information - The top three shareholders hold a combined 43.93% of the company's shares, with Ningbo Shipping Group Co., Ltd. being the largest shareholder at 15.87%[8] Government Subsidies and Profitability Challenges - The company received government subsidies amounting to CNY 44,060.48 during the reporting period[6] - The decrease in net profit was primarily due to a reduction in gross profit from international transportation and government subsidies compared to the previous year[6] - The company reported a decrease of CNY 21,863,600 in net profit attributable to shareholders after deducting non-recurring gains and losses compared to the previous year[6] - The weighted average return on net assets was -1.18%, compared to -0.62% in the previous year[4] - The company reported a tax expense of 547,915.54 RMB in Q1 2025, compared to 205,782.09 RMB in Q1 2024, which is an increase of 166.5%[17]