NNCI(SH:600301)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 596,230,114.42, a decrease of 18.96% compared to CNY 735,685,873.91 in the same period last year[4] - Net profit attributable to shareholders for Q1 2023 was CNY 75,389,044.75, down 19.41% from CNY 93,550,542.97 year-on-year[4] - Total operating revenue for Q1 2023 was ¥596,230,114.42, a decrease of 19% compared to ¥735,685,873.91 in Q1 2022[21] - Net profit for Q1 2023 was ¥139,631,129.89, a decline of 13.2% from ¥160,918,829.40 in Q1 2022[22] - The company’s total profit for Q1 2023 was ¥163,691,275.04, down 16.5% from ¥196,270,333.93 in Q1 2022[22] Earnings and Cash Flow - Basic and diluted earnings per share for Q1 2023 were CNY 0.13, a decline of 67.50% compared to CNY 0.40 in the previous year[5] - Basic and diluted earnings per share for Q1 2023 were both ¥0.13, compared to ¥0.40 in Q1 2022[22] - The net cash flow from operating activities was CNY 50,452,972.96, a decrease of 69.81% from CNY 167,130,416.75 in the same period last year[5] - Cash flow from operating activities for Q1 2023 was ¥50,452,972.96, down 69.8% from ¥167,130,416.75 in Q1 2022[24] Assets and Liabilities - Total assets increased by 24.71% to CNY 5,954,560,077.36 from CNY 4,774,607,375.97 at the end of the previous year[5] - As of March 31, 2023, the total assets of the company amounted to RMB 5,954,560,077.36, an increase from RMB 4,774,607,375.97 at the end of 2022, representing a growth of approximately 24.7%[18] - The company's total liabilities reached RMB 3,446,286,800.12, compared to RMB 3,064,434,976.46 at the end of 2022, marking an increase of around 12.5%[18] Shareholder Equity - Equity attributable to shareholders rose by 69.87% to CNY 2,009,438,841.80 from CNY 1,182,948,161.78 at the end of the previous year[5] - The equity attributable to shareholders of the parent company rose to RMB 2,009,438,841.80 from RMB 1,182,948,161.78, showing a significant increase of approximately 69.9%[18] Operational Changes - The decrease in revenue and net profit was primarily attributed to changes in sales volume and pricing[10] - The company is focusing on integrating the newly acquired assets and optimizing operational efficiency in the upcoming quarters[10] - The company completed the acquisition of 100% equity in Guangxi Huaxi Mining Co., Ltd. in January 2023, which was approved by the China Securities Regulatory Commission[5] Cash and Inventory - Cash and cash equivalents increased to RMB 1,077,188,040.27 from RMB 924,237,043.28, reflecting a growth of approximately 16.6%[16] - The company's inventory decreased slightly to RMB 265,003,796.94 from RMB 268,610,667.38, a decline of approximately 1.4%[16] - Cash and cash equivalents at the end of Q1 2023 increased to ¥1,051,623,731.15 from ¥882,575,412.07 at the end of Q1 2022[25] Accounts Receivable and Non-Current Assets - The company's accounts receivable rose significantly to RMB 24,893,947.27 from RMB 1,109,980.89, indicating a substantial increase of approximately 2,150.5%[16] - The company's non-current assets totaled RMB 4,207,799,595.26, up from RMB 3,230,475,634.99, representing an increase of about 30.3%[17] Retained Earnings and Expenses - The company's retained earnings improved to -RMB 117,947,505.44 from -RMB 193,336,550.19, reflecting a reduction in losses[18] - The company incurred R&D expenses of ¥2,661,463.28 in Q1 2023, up 86.2% from ¥1,428,714.65 in Q1 2022[21] - The company reported a decrease in sales expenses to ¥2,253,775.91 in Q1 2023 from ¥1,636,868.81 in Q1 2022[21] - The company’s financial expenses for Q1 2023 were ¥22,712,479.77, a decrease from ¥24,797,072.09 in Q1 2022[21]