NBTM(SH:600114)2021-04-29 16:00Financial Performance - Operating revenue for the period was CNY 858,308,283, representing a significant increase of 67.15% year-on-year[7]. - Net profit attributable to shareholders was CNY 45,178,485, up 70.82% from the previous year[7]. - Basic earnings per share increased by 75.00% to CNY 0.07[7]. - The weighted average return on equity rose to 1.70%, an increase of 0.73 percentage points year-on-year[7]. - The company reported non-recurring gains of CNY 1,339,722.91, including government subsidies and asset disposal gains[9]. - The total comprehensive income for the first quarter of 2021 was CNY 53.38 million, compared to CNY 34.15 million in the same quarter of 2020, indicating a growth of 56.5%[43]. - The net profit attributable to shareholders of the parent company was CNY 45.18 million, compared to CNY 26.45 million in the first quarter of 2020, reflecting a growth of 70.7%[42]. - The company reported a net profit of ¥663,721,716.61, up from ¥619,740,429.94 in the previous period[34]. - The company experienced a decrease in sales expenses, which amounted to CNY 14.93 million, down from CNY 18.81 million year-over-year[42]. Cash Flow and Investments - The net cash flow from operating activities was CNY 45,791,188, a decrease of 14.30% compared to the same period last year[7]. - The cash paid for purchasing goods and services was RMB 442,562,905.36, an 81.57% increase from RMB 243,746,113.32 year-on-year[21]. - Cash inflow from investment activities was CNY 5,236,546.86, significantly lower than CNY 305,710,668.29 in the previous year[47]. - The company incurred cash outflows from investment activities totaling CNY 84,233,231.65, compared to CNY 952,834,321.48 in Q1 2020[47]. - Cash inflow from financing activities was CNY 147,000,000.00, a decrease of 84.3% from CNY 933,466,000.00 in Q1 2020[48]. - The company reported a net cash outflow from financing activities of ¥69,015,088.44 in Q1 2021, compared to a net inflow of ¥679,834,355.45 in Q1 2020[51]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 5,940,316,973, an increase of 0.72% compared to the end of the previous year[7]. - The company's total assets amounted to ¥5,897,770,008.79 as of the reporting date, with non-current assets totaling ¥3,599,167,040.08[55]. - The company's current liabilities decreased from RMB 2.20 billion at the end of 2020 to RMB 2.15 billion as of March 31, 2021[32]. - Total liabilities were reported at ¥2,880,836,582.94, a slight decrease from ¥2,883,199,563.47 in the previous period[34]. - The company's long-term borrowings decreased from RMB 591.11 million at the end of 2020 to RMB 533.01 million as of March 31, 2021[32]. - Total liabilities amounted to CNY 2,883,199,563.47, a decrease from CNY 2,937,662,469.57[56]. Shareholder Information - The total number of shareholders at the end of the reporting period was 40,940[11]. - The largest shareholder, Muku Special Metal Industry Co., Ltd., held 10.62% of the shares, with 65,467,200 shares pledged[11]. - The company plans to distribute a cash dividend of RMB 1.50 per 10 shares based on the total share capital as of the dividend distribution date[26]. Research and Development - R&D expenses surged by 130.08% to RMB 73,946,743.23, up from RMB 32,138,887.78, indicating increased investment in innovation[19]. - Research and development expenses increased to CNY 73.95 million, a significant rise of 130.4% compared to CNY 32.14 million in the previous year[42]. Operational Changes - The company completed the absorption merger of its subsidiaries, with Changchun New Materials Company as the surviving entity, effective April 29, 2021[24]. - The total investment for the new automated production line project in Lianyungang is estimated at RMB 1 billion, covering an area of 210 acres[24]. - Lianyungang Fuchi Intelligent Manufacturing Technology Co., Ltd. received land use rights for RMB 29.02 million on January 6, 2021[25]. - The registered capital of Lianyungang Fuchi Intelligent Manufacturing was increased from RMB 50 million to RMB 150 million to support its development[25].