NNCC(SH:600435)2019-04-19 16:00Financial Performance - Operating revenue for the period was CNY 157,656,381.18, representing a decrease of 11.75% year-on-year[16] - Net profit attributable to shareholders of the listed company was CNY -3,533,311.71, compared to CNY -10,157,777.91 in the same period last year[16] - The company reported a total comprehensive income of -9,231,733.78 RMB for the period, compared to -22,159,099.63 RMB in the previous year, indicating an improvement in overall financial performance[62] - Operating profit for Q1 2019 was CNY -10,882,587.41, compared to CNY -26,069,528.73 in Q1 2018, showing a reduction in losses[58] - Net profit for Q1 2019 was CNY -9,231,733.78, an improvement from CNY -22,159,099.63 in Q1 2018[58] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,817,616,987.56, a decrease of 3.00% compared to the end of the previous year[16] - The company's total assets as of March 31, 2019, were RMB 4,817,616,987.56, down from RMB 4,966,491,370.61 at the end of the previous year[41] - Total current assets were RMB 3,400,657,303.03, a slight decrease from RMB 3,529,677,036.04 at the beginning of the year[38] - Total liabilities decreased from 2,192,990,784.77 to 2,044,166,487.85, a decrease of approximately 6.8%[43] - Total non-current liabilities increased from 26,881,883.00 to 31,387,421.66, an increase of approximately 16.5%[43] Shareholder Information - Net assets attributable to shareholders of the listed company were CNY 2,121,072,145.85, a decrease of 0.18% compared to the end of the previous year[16] - The total number of shareholders at the end of the reporting period was 138,276[22] - The largest shareholder, Beifang Navigation Technology Group Co., Ltd., held 30.79% of the shares[23] - Total equity attributable to shareholders decreased from CNY 1,742,354,949.49 to CNY 1,732,724,371.58 year-over-year[52] Cash Flow - The net cash flow from operating activities was CNY -68,028,159.32, compared to CNY -13,660,606.38 in the same period last year[16] - Total cash inflow from operating activities was 335,584,266.91 RMB in Q1 2019, down from 443,011,756.56 RMB in Q1 2018, reflecting a decrease of approximately 24.4%[62] - The total cash outflow from operating activities was 403,612,426.23 RMB in Q1 2019, compared to 456,672,362.94 RMB in Q1 2018, indicating a decrease of about 11.6%[62] - Cash flow from financing activities resulted in a net outflow of -29,079,509.83 RMB in Q1 2019, compared to -82,133,246.64 RMB in Q1 2018, indicating a reduction in financing-related cash outflows[62] Expenses and Investments - Cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets was RMB 19,646,015.01, an increase of 227.34% compared to the same period last year, indicating higher fixed asset investments[34] - Research and development expenses for Q1 2019 were CNY 624,703.53, a notable increase from a negative expense of CNY -359,384.78 in Q1 2018[58] - Financial expenses for the first quarter of 2019 totaled RMB 1,262,493.00, a decrease of 64.75% compared to the same period last year, attributed to a reduction in loan scale and interest expenses[32] Other Financial Metrics - Basic and diluted earnings per share were both CNY -0.0024, compared to CNY -0.0068 in the same period last year[16] - The weighted average return on net assets increased by 0.31 percentage points to -0.17%[16] - The company experienced a decrease in cash inflow from sales of goods and services, which totaled 311,784,400.95 RMB in Q1 2019, down from 419,036,337.90 RMB in Q1 2018, reflecting a decline of approximately 25.7%[62]