NSWRC(SH:600165)2019-04-29 16:00Financial Performance - Operating revenue decreased by 69.65% to CNY 49,374,483.80 compared to the same period last year[13] - Net profit attributable to shareholders decreased by 1,204.29% to a loss of CNY 5,362,273.69 compared to the same period last year[6] - Basic earnings per share decreased by 1,214.29% to a loss of CNY 0.0078 per share compared to the same period last year[6] - The company reported a net loss of CNY -186,783,803.19 as of March 31, 2019, compared to a loss of CNY -181,421,529.50 at the end of 2018[29] - Net loss for Q1 2019 was ¥5,604,414.16, compared to a net profit of ¥1,213,333.77 in Q1 2018[39] - The company's operating revenue for Q1 2019 was CNY 96,008.53, a significant increase from CNY 28,921,634.87 in Q1 2018[42] - The net profit for Q1 2019 was a loss of CNY 667,326.77, compared to a loss of CNY 2,042,416.45 in Q1 2018, indicating an improvement in performance[42] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 33,461,726.04, compared to a net outflow of CNY 7,240,430.46 in the previous year[6] - The total cash flow from operating activities for Q1 2019 was a net outflow of CNY 33,461,726.04, compared to a net outflow of CNY 7,240,430.46 in Q1 2018[44] - The cash flow from investing activities in Q1 2019 resulted in a net outflow of CNY 66,740,030.65, compared to a net outflow of CNY 19,985,410.43 in Q1 2018[45] - The financing activities generated a net cash inflow of CNY 103,322,401.03 in Q1 2019, contrasting with a net outflow of CNY 120,415,119.37 in Q1 2018[45] - The net cash flow from financing activities was -$18,630,552.61, compared to -$159,255,771.87 in the previous period, indicating a significant improvement[48] Assets and Liabilities - Total assets increased by 4.04% to CNY 2,268,747,870.81 compared to the end of the previous year[6] - The total liabilities as of March 31, 2019, were CNY 1,281,290,636.40, up from CNY 1,187,502,624.12, marking an increase of approximately 7.9%[29] - The company's short-term borrowings rose to CNY 481,000,000.00 from CNY 370,600,000.00, reflecting an increase of about 29.9%[28] - The company's total equity attributable to shareholders decreased to CNY 865,256,370.26 from CNY 870,732,498.54, indicating a decline of approximately 0.6%[29] - The company's total assets as of March 31, 2019, were ¥2,411,898,928.66, a slight decrease from ¥2,424,066,536.60 at the end of 2018[34] Investments and Income - Investment income increased by 35.18% to CNY 7,881,900.09, attributed to the net profit increase from the company's equity investments[14] - The company reported a significant decrease in government subsidies received, impacting other income[14] Shareholder Information - The number of shareholders reached 40,081, with the largest shareholder holding 29.20% of the shares[10] Legal and Compliance - The company is currently involved in legal proceedings regarding performance commitments and compensation agreements with a former executive, which may impact future financial results[24] - The performance commitment agreement with Xu Xiaochun stipulates that the net profit attributable to the parent company for the years 2015 to 2018 should not be less than 30 million CNY, 50 million CNY, 80 million CNY, and 140 million CNY respectively[23] Other Financial Metrics - Management expenses increased by 43.50% to CNY 5,716,832.07 due to higher labor and legal fees[14] - Other receivables increased due to payments made for labor guarantees and increased standby funds[12] - Prepayments increased by 134.13% to 49,801,817.35 CNY compared to the beginning of the year[15] - Other receivables increased by 35.31% to 3,310,818.83 CNY compared to the beginning of the year[15] - Other current assets increased by 44.28% to 22,203,503.61 CNY compared to the beginning of the year[15] - Construction in progress increased by 35.03% to 188,419,642.23 CNY compared to the beginning of the year[15] - The company has received a total of 600 million CNY from Shanghai Zhongneng as the first installment of the equity transfer payment[22] - The company has signed agreements for the acquisition of equity and has completed the necessary decision-making procedures[22]