NBTM(SH:600114)2020-04-29 16:00Financial Performance - Operating revenue rose by 18.83% to CNY 513,490,422.85 year-on-year[11] - Net profit attributable to shareholders increased by 16.10% to CNY 26,448,369.80 compared to the same period last year[11] - The company reported a net profit of CNY 30,115,140.47 after accounting for non-recurring gains and losses[12] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -3,666,770.67, a decrease of 117.72% year-on-year[11] - Total revenue for Q1 2020 was RMB 513,490,422.85, an increase of 18.8% compared to RMB 432,106,591.79 in Q1 2019[43] - Net profit for Q1 2020 reached RMB 28,150,884.34, compared to RMB 25,216,234.15 in Q1 2019, representing an increase of 7.7%[46] - The company reported a significant increase in investment income, totaling CNY 55.04 million in Q1 2020, compared to CNY 10.98 million in Q1 2019[51] - The total comprehensive income for Q1 2020 was CNY 74.84 million, compared to CNY 22.52 million in Q1 2019, showing a substantial increase[51] Assets and Liabilities - Total assets increased by 32.03% to CNY 5,506,685,813.49 compared to the end of the previous year[11] - Cash and cash equivalents increased by 30.47% to ¥457,888,066.75 due to the consolidation of Shanghai Fuchi[17] - Inventory rose by 34.81% to ¥626,482,476.16, primarily from the consolidation of Shanghai Fuchi[17] - Long-term borrowings surged by 1046.68% to ¥641,692,085.25, attributed to the consolidation of Shanghai Fuchi and increased long-term borrowings[18] - Current liabilities increased to CNY 1,708,640,159.77, up 41.7% from CNY 1,205,815,539.22[39] - Total liabilities amounted to CNY 2,443,008,095.11, a rise of 83.9% from CNY 1,329,050,155.23[39] - Shareholders' equity increased to CNY 3,063,677,718.38, up from CNY 2,841,788,695.66, reflecting an 7.8% growth[39] Cash Flow - Net cash flow from operating activities decreased by 36.02% to CNY 53,430,989.72 compared to the previous year[11] - Cash flow from operating activities for Q1 2020 was CNY 53.43 million, a decrease from CNY 83.51 million in Q1 2019[55] - The cash inflow from operating activities totaled CNY 508.94 million, compared to CNY 399.64 million in the previous year, indicating a growth of 27.5%[55] - Total cash inflow from financing activities was 903,466,000.00 RMB, with a net cash flow of 679,834,355.45 RMB after outflows[60] - The company reported a cash outflow of RMB 256,900,000.00 for debt repayment, reflecting an increase in bank loans[22] Shareholder Information - The number of shareholders reached 45,391 by the end of the reporting period[12] - The largest shareholder, Muka Special Metal Industry Co., Ltd., holds 14.51% of the shares, with 35,000,000 shares pledged[12] - The company plans to distribute a cash dividend of RMB 2.00 per 10 shares, pending approval from the shareholders' meeting[27] Consolidation and Acquisitions - The company completed the registration of Shanghai Fuchi's business license, officially including it in the consolidated financial statements from March 2020[25] - The company acquired 75.00% of Shanghai Fuchi for RMB 1,039,000,000, with 67.79% ownership achieved by February 14, 2020[25] Expenses - Management expenses increased by 35.53% to ¥43,732,352.90, mainly due to the consolidation of Shanghai Fuchi and Dongguan Huajing[20] - Research and development expenses for Q1 2020 amounted to RMB 32,138,887.78, an increase from RMB 26,366,193.62 in Q1 2019, indicating a growth of 21.5%[46] - The company incurred a cash outflow of RMB 181,507.20 for the repurchase of restricted stocks, a decrease of 99.01% compared to the previous year[22] Other Financial Metrics - The weighted average return on equity increased by 0.13 percentage points to 0.97%[11] - The basic earnings per share remained stable at CNY 0.04[11] - The company reported a financial expense of RMB 11,929,583.19 in Q1 2020, significantly higher than RMB 3,329,082.88 in Q1 2019, indicating an increase of 258.5%[46]