NXBM(SH:600449)2019-04-26 16:00Financial Performance - Operating revenue for the period was CNY 475,238,496.56, representing a year-on-year increase of 32.07%[18] - The net profit attributable to shareholders of the listed company was a loss of CNY 55,177,177.92, compared to a loss of CNY 87,643,195.47 in the previous year[18] - The company reported a net loss of CNY 50,097,189.29, an improvement from a loss of CNY 91,346,071.27 in the previous year, indicating a reduction in losses[30] - The net profit attributable to the parent company for the current period is -55,177,177.92 CNY, compared to -87,643,195.47 CNY in the previous period, showing an improvement[56] - The total comprehensive income attributable to the parent company is -55,177,177.92 CNY, compared to -87,643,195.47 CNY in the previous period[56] Cash Flow - Net cash flow from operating activities was CNY 167,344,919.68, up 79.37% from the same period last year[18] - The net cash flow from operating activities for the first quarter of 2019 is 167,344,919.68 CNY, compared to 93,293,552.49 CNY in the same period of 2018, indicating a significant increase[63] - The net cash flow from operating activities for Q1 2019 was ¥328,517,594.95, a significant improvement compared to -¥33,019,618.19 in Q1 2018[69] - The cash inflow from operating activities was significantly higher in Q1 2019, amounting to ¥345,668,921.02, compared to ¥7,540,535.24 in Q1 2018[69] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 7,523,984,348.71, an increase of 5.88% compared to the end of the previous year[18] - The company's total assets reached approximately 7.52 billion RMB, an increase of 5.9% from 7.11 billion RMB at the end of 2018[42] - The company's total liabilities increased to approximately 2.28 billion RMB, up from 1.92 billion RMB at the end of 2018, reflecting a rise in short-term borrowings to 590 million RMB from 290 million RMB[44] - Total liabilities increased to ¥1,716,372,004.80 from ¥1,242,426,426.11, a rise of 38.2%[50] Shareholder Information - The total number of shareholders at the end of the reporting period was 35,202[22] - The company's equity attributable to shareholders reached approximately 4.90 billion RMB, an increase from 4.85 billion RMB at the end of 2018[44] Expenses - The company's research and development expenses decreased by 33.21% to CNY 358,045.40, due to a reduction in technical service fees[29] - The company's financial expenses decreased by 32.72% to CNY 7,340,544.89, due to a reduction in interest expenses from bank borrowings[29] - The company's management expenses decreased by 35.90% to CNY 75,199,472.19, attributed to reduced maintenance costs and fixed expenses during downtime[29] - The company reported a significant increase in sales expenses, which rose to ¥61,700,352.80 from ¥42,722,358.98, an increase of 44.4%[54] Investments and Mergers - The company is in the process of merging its wholly-owned subsidiary, Ningxia Zhongning Saima Concrete Co., Ltd., into its wholly-owned subsidiary, Ningxia Zhongning Saima Cement Co., Ltd.[31] - The company increased its investment in Ningxia Yuhua Concrete Industry Co., Ltd. by 38 million RMB, raising its registered capital from 12 million RMB to 50 million RMB, with the company holding 76% of the shares[32] Accounting Policies - The company adopted new accounting policies effective January 1, 2019, including new financial instrument and revenue recognition standards[32][33]