NHL(SH:600262)2019-04-22 16:00Financial Performance - Operating revenue decreased by 40.24% to CNY 160,123,912.02 from CNY 267,936,481.86 year-on-year[6] - Net profit attributable to shareholders decreased by 65.08% to CNY 6,690,552.22 compared to CNY 19,162,286.18 in the same period last year[6] - Basic earnings per share dropped by 57.00% to CNY 0.0528 from CNY 0.1228 year-on-year[6] - Revenue for Q1 2019 was ¥160,123,912.02, a decrease of 40.24% compared to ¥267,936,481.86 in Q1 2018 due to fewer executable sales contracts[11] - The net profit for Q1 2019 was CNY 8,973,800.12, a decrease of 57.0% compared to CNY 20,867,650.62 in Q1 2018[18] Assets and Liabilities - Total assets increased by 12.56% to CNY 2,309,925,410.51 compared to the end of the previous year[6] - The company's total liabilities increased to ¥1,147,791,153.94 from ¥899,900,469.02, reflecting higher short-term borrowings[15] - Current liabilities reached $791,531,556.50, including short-term borrowings of $300,000,000.00 and accounts payable of $369,736,086.10[24] - Total liabilities were $899,900,469.02, while total equity stood at $1,152,297,290.67[25] Cash Flow - The company reported a net cash flow from operating activities of CNY -149,467,702.40, indicating a continued cash outflow[6] - The company reported a net cash outflow from operating activities of ¥149,467,702.40, slightly higher than the outflow of ¥145,138,639.93 in the same period last year[11] - Cash flow from financing activities saw a dramatic increase, with inflows of ¥139,031,360.00 compared to just ¥2,548,767.95 in Q1 2018, due to new working capital loans[11] - The total cash outflow from operating activities was CNY 453,431,063.20, an increase from CNY 326,669,237.41 in the previous year[21] Inventory and Expenses - Inventory increased by 89.36% to CNY 767,811,693.52 to meet production demands for the year[10] - Operating costs decreased by 41.03% to ¥125,252,524.61 from ¥212,404,151.05, aligning with the drop in revenue[11] - R&D expenses surged by 448.71% to ¥3,593,664.81 from ¥654,928.17, influenced by government subsidies received in the previous year[11] Shareholder Information - The number of shareholders reached 10,871 at the end of the reporting period[8] - Shareholders' equity rose to ¥1,162,134,256.57 from ¥1,152,297,290.67, indicating a stable financial position despite the revenue decline[16] Financial Standards and Reporting - The company adopted new financial instrument standards starting January 1, 2019, without retrospective adjustments to comparative financial statements[26] - The company has implemented changes in financial statement formats as per the Ministry of Finance's regulations[25]