NCFC(SH:600889)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥133,601,398.09, representing a decrease of 3.76% compared to the same period last year[5] - The net profit attributable to shareholders was a loss of ¥31,554,241.24, a decline of 126.89% year-over-year[5] - The basic and diluted earnings per share were both -¥0.09, reflecting a decrease of 126.89% compared to the previous year[5] - The weighted average return on net assets was -2.60%, a decrease of 9.85 percentage points year-over-year[5] - The net profit for Q1 2022 was a loss of ¥35,355,663.17, compared to a profit of ¥115,918,524.99 in Q1 2021[17] - The operating profit for Q1 2022 was a loss of ¥36,029,070.00, significantly down from a profit of ¥116,008,156.34 in Q1 2021[17] - The total comprehensive income for Q1 2022 was -¥36,924,378.21, compared to ¥113,783,587.37 in Q1 2021[18] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,091,042,424.20, down 0.98% from the end of the previous year[5] - Total liabilities decreased to ¥1,020,528,000.00 from ¥1,030,000,000.00, representing a decline of approximately 0.9%[13] - The total liabilities increased to ¥799,087,723.39 in Q1 2022, compared to ¥767,493,719.38 in Q1 2021, reflecting a growth of 4.1%[14] - The total equity attributable to shareholders decreased to ¥1,196,655,614.35 in Q1 2022 from ¥1,229,214,837.77 in Q1 2021, a decline of 2.6%[14] Cash Flow - Cash flow from operating activities was negative at -¥33,725,908.10, with no applicable year-over-year comparison[5] - In Q1 2022, the cash inflow from operating activities was CNY 69,065,041.28, an increase of 10.6% compared to CNY 62,421,090.21 in Q1 2021[20] - The net cash outflow from operating activities was CNY -33,725,908.10, improving from CNY -79,903,428.94 in the same period last year[20] - The net cash inflow from investment activities was CNY 44,109,196.67, a significant turnaround from a net outflow of CNY -36,513,049.38 in Q1 2021[22] - The cash inflow from financing activities was CNY 35,761,331.46, compared to CNY 9,547,597.49 in the previous year, reflecting increased borrowing[22] - The net cash flow from financing activities was CNY 768,322.58, an improvement from a net outflow of CNY -1,239,469.75 in Q1 2021[22] Shareholder Information - The company reported a total of 28,080 common shareholders as of the end of the reporting period[10] - The largest shareholder, Nanjing New Industry Investment Group Co., Ltd., holds 35.41% of the shares, totaling 129,709,768 shares[10] Operational Costs - Total operating costs increased to ¥170,545,150.35 in Q1 2022, up 10.4% from ¥154,492,487.69 in Q1 2021[17] - Sales expenses rose by 41.44% due to increased after-sales costs at Shanghai Yueke[8] - Financial expenses surged by 173.09% due to a decrease in interest income[8] Current Assets - As of March 31, 2022, total current assets amounted to ¥778,528,023.11, a decrease from ¥793,000,882.61 as of December 31, 2021, representing a decline of approximately 1.8%[12] - Cash and cash equivalents increased to ¥101,855,433.99 from ¥78,924,136.84, showing a growth of approximately 29.5%[12] - Accounts receivable rose to ¥35,405,301.80 from ¥22,585,794.58, indicating an increase of about 56.7%[12] - Inventory increased to ¥180,360,740.67 from ¥166,121,812.14, reflecting an increase of approximately 8.6%[12] Research and Development - Research and development expenses for Q1 2022 were ¥2,611,527.33, up from ¥2,115,301.41 in Q1 2021, indicating a 23.4% increase[17] Product Development and Mergers - The company has not disclosed any significant new product developments or technological advancements during the reporting period[11] - There are no significant mergers or acquisitions reported in the current quarter[11]