NCFC(SH:600889)2019-04-26 16:00Financial Performance - Net profit attributable to shareholders was CNY 1,274,075.55, a significant recovery from a loss of CNY 19,257,111.25 in the same period last year[8] - Operating revenue decreased by 32.25% to CNY 215,506,050.35 compared to CNY 318,094,284.44 in the previous year[8] - The net cash flow from operating activities was negative at CNY -62,625,642.16, worsening from CNY -18,172,344.57 year-on-year[8] - Basic earnings per share were CNY 0.003, recovering from a loss of CNY -0.063 in the same period last year[8] - Total operating revenue for Q1 2019 was CNY 215.51 million, a decrease of 32.3% compared to CNY 318.09 million in Q1 2018[27] - Net profit for Q1 2019 was CNY 1.43 million, a significant recovery from a net loss of CNY 19.21 million in Q1 2018[29] - Total profit for Q1 2019 was CNY 848.20 thousand, a recovery from a total loss of CNY 19.20 million in Q1 2018[29] Assets and Liabilities - Total assets increased by 0.27% to CNY 2,106,544,667.78 compared to the end of the previous year[8] - Total liabilities were reported at CNY 573,242,785.26, showing a decrease from CNY 573,695,653.48[23] - Total equity increased to CNY 1,533,301,882.52 from CNY 1,527,202,168.56, reflecting a growth in shareholder value[23] - Current assets totaled CNY 1,330,815,155.64, slightly up from CNY 1,325,107,389.24[24] - Non-current assets amounted to CNY 820,334,820.61, compared to CNY 817,062,925.38 previously[25] - Total current liabilities were CNY 426,563,082.84, a slight increase from CNY 420,595,005.15[23] Cash Flow - The net cash flow from operating activities for Q1 2019 was -62,625,642.16 RMB, compared to -18,172,344.57 RMB in Q1 2018, indicating a significant decline in cash generation[35] - The total cash inflow from investment activities was 13,101,889.09 RMB, up from 1,587,566.06 RMB in the previous year, reflecting improved investment returns[36] - The net cash flow from investment activities was 12,106,687.09 RMB, compared to 843,091.42 RMB in Q1 2018, showing a substantial increase[36] - The total cash and cash equivalents at the end of Q1 2019 were 757,784,301.75 RMB, down from 808,538,260.74 RMB at the beginning of the quarter[36] Shareholder Information - The total number of shareholders reached 26,467 by the end of the reporting period[12] - The largest shareholder, Nanjing New Industry Investment Group, holds 35.41% of the shares, totaling 129,709,768 shares[13] Government Support - The company received government subsidies totaling CNY 2,106,300.00 related to coal reduction initiatives[8] Investment Income - The company reported a non-recurring gain of CNY 9,921,889.09 from structured financial products[10] - Investment income increased significantly to CNY 9,921,889.09 from a loss of CNY 1,085,025.97 in the previous period, attributed to improved financial returns[14] Operating Costs - Operating costs decreased by 36.67% to CNY 191,821,535.17 from CNY 302,886,656.38, reflecting reduced sales volume[14] - The company’s employee compensation expenses decreased by 55.17% to CNY 26,149,001.46, reflecting a reduction in workforce[14] Other Comprehensive Income - Other comprehensive income rose by 88.67% to CNY 9,940,993.91, driven by the appreciation of held stocks[14] Future Plans - The company plans to replace the remaining funds from a halted project with a new project to produce 40,000 tons of Lyocell short fibers[16]