NPEC(SH:600775)2020-04-09 16:00Financial Performance - Operating revenue for the first quarter was ¥710,912,672.84, representing a decline of 33.96% year-on-year[10] - Net profit attributable to shareholders was -¥40,709,426.01, a decrease of 402.42% compared to the same period last year[10] - Basic earnings per share were -¥0.0445, down 402.72% from ¥0.0147 in the previous year[10] - The decline in net profit was primarily due to increased market competition and reduced revenue from the smart factory and system engineering business[10] - The company anticipates a cumulative net profit decline of approximately 90% compared to the same period last year, attributed to intensified market competition and the impact of COVID-19[24] - Total operating revenue for Q1 2020 was ¥710,912,672.84, a decrease of 34% compared to ¥1,076,443,782.90 in Q1 2019[44] - Net profit for Q1 2020 was a loss of ¥35,636,344.10, compared to a profit of ¥24,864,365.34 in Q1 2019[47] - The company's operating profit for Q1 2020 was a loss of ¥28,771,736.39, compared to a profit of ¥33,975,114.27 in Q1 2019[47] - Total comprehensive income for Q1 2020 was -¥3,445,765.22, compared to ¥1,053,366.76 in Q1 2019, reflecting a substantial decline[52] Cash Flow - The net cash flow from operating activities increased to ¥58,601,652.23, compared to -¥238,571,084.53 in the same period last year[10] - Cash flow from operating activities generated a net inflow of ¥58,601,652.23 in Q1 2020, a recovery from a net outflow of -¥238,571,084.53 in Q1 2019[57] - Total cash inflow from operating activities increased by 366.5% year-over-year[61] - The net cash flow from investing activities was 18,923,126.42 RMB, a turnaround from -28,021,370.06 RMB in Q1 2019[63] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,984,733,789.47, a decrease of 0.59% compared to the end of the previous year[10] - The total current assets amounted to ¥4,266,076,787.68, slightly down from ¥4,295,124,493.99 in the previous period[29] - The company's inventory increased to ¥903,839,946.74, up from ¥816,955,476.60, indicating a rise in stock levels[29] - The company's long-term equity investments rose to ¥286,348,802.15, compared to ¥276,388,843.98 in the previous period[29] - Current liabilities increased marginally from ¥2,285,527,506.20 to ¥2,286,308,782.88, an increase of approximately 0.03%[34] - Total liabilities remained relatively stable at ¥2,331,806,377.02 compared to ¥2,331,590,672.88, showing a negligible change[34] - The company's equity attributable to shareholders decreased from ¥3,448,072,752.25 to ¥3,407,370,276.20, a decline of approximately 1.18%[34] Government Support and Subsidies - The company received government subsidies amounting to ¥8,508,660.44, which are closely related to its normal business operations[14] - Other income rose to ¥11,544,301.94, a 155.56% increase, driven by increased government subsidies related to operating activities[24] Market Conditions and Competition - The impact of the COVID-19 pandemic and related control measures affected the company's production and operations[13] - Financial expenses increased dramatically to ¥4,043,391.99, a 1,813.78% rise, mainly due to foreign exchange losses[24] Shareholder Information - The total number of shareholders at the end of the reporting period was 77,034[18]