NBTM(SH:600114)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 889,949,563.33, representing a year-on-year increase of 3.69%[6] - The net profit attributable to shareholders of the listed company was CNY 6,886,096.42, a decrease of 84.76% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -2,738,416.25, reflecting a decline of 106.25% year-on-year[6] - The basic earnings per share for the period was CNY 0.01, down 85.71% from the previous year[6] - The net profit for Q1 2022 was CNY 7,096,184.11, a significant decrease from CNY 53,878,202.66 in Q1 2021, reflecting a decline of approximately 86.85%[31] - The total revenue from operating activities was CNY 733,993,403.37, down from CNY 829,586,306.96 in the same period last year, representing a decrease of about 11.5%[34] - The company reported a total comprehensive income of CNY 6,456,213.19 for Q1 2022, compared to CNY 53,377,657.40 in Q1 2021, indicating a decline of approximately 88.9%[31] - Earnings per share (EPS) for Q1 2022 were CNY 0.01, down from CNY 0.07 in Q1 2021, reflecting a decrease of 85.71%[31] Assets and Liabilities - The total assets at the end of the reporting period were CNY 6,369,120,057.98, an increase of 4.06% compared to the end of the previous year[6] - Total assets increased to CNY 6,369,120,057.98 in Q1 2022 from CNY 6,120,540,647.38 in Q1 2021, marking a growth of approximately 4.1%[29] - Total liabilities rose to CNY 3,628,993,830.61 in Q1 2022 from CNY 3,153,362,670.12 in Q1 2021, indicating an increase of about 15.1%[29] - Shareholders' equity decreased to CNY 2,740,126,227.37 in Q1 2022 from CNY 2,967,177,977.26 in Q1 2021, reflecting a decline of approximately 7.6%[29] - The company reported a significant increase in long-term borrowings, which rose to CNY 1,565,050,614.72 from CNY 1,118,924,123.96, an increase of about 40%[28] Cash Flow and Investments - As of March 31, 2022, the company's cash and cash equivalents amounted to RMB 351,354,354.68, a decrease from RMB 365,000,388.03 on December 31, 2021, representing a decline of approximately 1.8%[21] - The cash and cash equivalents at the end of Q1 2022 were CNY 339,620,922.39, a slight decrease from CNY 345,164,694.67 at the end of Q1 2021[35] - The company incurred a net cash outflow from investing activities of CNY 208,319,243.16, compared to a net outflow of CNY 78,996,684.79 in the previous year[35] - The financing activities generated a net cash inflow of CNY 151,050,599.82, a turnaround from a net outflow of CNY 37,388,699.57 in Q1 2021[35] Operational Costs and Expenses - Total operating costs for Q1 2022 were CNY 893,156,796.96, up from CNY 806,065,020.06 in Q1 2021, indicating an increase of about 10.8%[29] - Gross profit margin decreased as the cost of goods sold rose to CNY 722,085,516.93 from CNY 629,453,909.53, reflecting a higher cost structure[29] - Research and development expenses for Q1 2022 were CNY 69,950,437.46, slightly down from CNY 73,946,743.23 in Q1 2021, showing a decrease of about 5.4%[29] - The decline in net profit was mainly due to rising raw material prices, increased energy costs, and higher depreciation expenses[11] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 29,403[12] - The company reported a total of 13,450,000 shares held through ordinary securities accounts by Huzhou Guozan Investment Management Partnership[17] - The company has a significant shareholder structure, with major shareholders including Mu Special Metal Industry Co., Ltd. holding 65,467,200 shares[16] Strategic Investments and Acquisitions - The company plans to acquire a 97% stake in Deqing Xincheng New Materials Co., Ltd. for RMB 194 million and a 40% stake in Zhejiang Dongmu Keda Magnetoelectric Co., Ltd. for RMB 232 million, enhancing its market position[19][20] - The company completed the capital increase for Zhejiang Dongmu Keda, raising RMB 220 million, increasing its registered capital from RMB 30 million to RMB 250 million[20] - The company received RMB 16,450,078.80 as the first installment of relocation compensation for Shanghai Fuchi High-Tech Co., Ltd. related to its factory move[18] - The total compensation for the relocation of Shanghai Fuchi is set at RMB 82,250,394.00[18] Other Financial Metrics - The weighted average return on equity was 0.27%, a decrease of 1.43 percentage points compared to the previous year[6] - The company’s other receivables increased slightly to RMB 73,459,227.36 from RMB 73,152,694.78, reflecting a marginal growth[21] - The company’s trading financial assets decreased to RMB 1,906,110.26 from RMB 2,088,710.46, showing a decline of approximately 8.7%[21] - The company reported a decrease in other comprehensive income, with a net amount of CNY -639,970.92 for Q1 2022, compared to CNY -500,545.26 in Q1 2021[31]