NCPC(SH:600812)2019-04-17 16:00Financial Performance - Operating revenue rose by 8.26% to CNY 2,665,889,824.51 year-on-year[12] - Net profit attributable to shareholders increased by 16.46% to CNY 30,794,259.63 compared to the same period last year[12] - Basic earnings per share improved by 18.75% to CNY 0.019 per share[12] - Total operating revenue for Q1 2019 was ¥2,665,889,824.51, an increase of 8.25% from ¥2,462,469,223.66 in Q1 2018[48] - Net profit for Q1 2019 reached ¥29,543,447.15, compared to ¥24,733,984.98 in Q1 2018, marking an increase of 19.3%[50] - The total profit for Q1 2019 was ¥42,409,286.72, up from ¥35,534,686.13 in Q1 2018, reflecting an increase of 19.4%[48] Assets and Liabilities - Total assets increased by 2.13% to CNY 18,298,790,264.60 compared to the end of the previous year[12] - The company's cash and cash equivalents amounted to RMB 1,593,688,217.06, up from RMB 1,249,546,444.13 at the end of the previous year[29] - Total liabilities rose to ¥12.76 billion from ¥12.40 billion, marking an increase of about 2.9%[35] - Short-term borrowings rose to RMB 5,089,725,019.05, compared to RMB 4,598,926,646.60 at the end of the previous year[33] - Long-term borrowings increased to ¥881.3 million from ¥789.6 million, representing an increase of approximately 11.5%[35] Cash Flow - Net cash flow from operating activities decreased by 15.48% to CNY 234,407,319.07 compared to the previous year[12] - Cash inflow from sales of goods and services was CNY 2,060,256,351.93, an increase from CNY 1,951,457,157.77 in the same quarter last year, indicating a growth of approximately 5.6%[60] - Cash outflow for purchasing goods and services was CNY 629,532,782.93, a decrease from CNY 681,408,025.91, showing a reduction of about 7.6%[60] - Net cash flow from investing activities was negative at CNY -158,306,115.87, worsening from CNY -108,051,845.98 in the previous year[61] - The company reported a net cash increase of CNY 400,428,628.93, contrasting with a decrease of CNY -46,214,599.47 in the same quarter last year[60] Shareholder Information - The total number of shareholders reached 84,736 at the end of the reporting period[19] - The top three shareholders hold a combined 52.66% of the shares, with Jizhong Energy Group holding 21.60%[19] Expenses - Sales expenses rose significantly by 35.73% to RMB 790,082,765.96, attributed to adjustments in marketing strategies and increased terminal sales efforts[23] - Research and development expenses increased to ¥23,266,259.60 in Q1 2019 from ¥19,669,777.71 in Q1 2018, representing an increase of 18.3%[48] - The tax expenses for Q1 2019 were ¥12,865,839.57, compared to ¥10,800,701.15 in Q1 2018, reflecting an increase of 19.1%[48] Other Income and Gains - Non-recurring gains and losses totaled CNY 10,313,484.07 for the period[15] - The company reported a significant increase in other income, which rose by 98.02% to RMB 13,003,217.86 due to higher government subsidies recognized[23] - Other income for Q1 2019 was ¥13,003,217.86, compared to ¥6,566,625.94 in Q1 2018, indicating a growth of 98.4%[48] Changes in Accounting Policies - The company implemented changes in accounting policies due to the issuance of the Ministry of Finance's document on June 15, 2018, which required adjustments in financial reporting formats[69] - Management expenses for Q1 2018 were adjusted from ¥131,781,403.14 to ¥112,111,625.43, reflecting a decrease of ¥19,669,777.71 due to the accounting policy change[69] - R&D expenses for Q1 2018 were recognized at ¥19,669,777.71 as a result of the accounting policy change[69]