NCFC(SH:600889)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥104,227,297.86, representing a decrease of 21.99% compared to the same period last year[6] - The net profit attributable to shareholders was -¥44,212,938.83, indicating a significant loss[6] - The basic and diluted earnings per share were both -¥0.12, reflecting a negative performance[7] - The company reported a net loss of CNY 154,348,836.06 for Q1 2023, compared to a net loss of CNY 110,135,897.23 in Q1 2022[18] - In Q1 2023, the company reported a net loss of CNY 48,504,213.60, compared to a net loss of CNY 35,355,663.17 in Q1 2022, representing a year-over-year increase in loss of approximately 37%[22] - The company's operating profit for Q1 2023 was a loss of CNY 48,154,063.33, compared to a loss of CNY 36,029,070.00 in the same period last year, reflecting a worsening of approximately 33%[22] - The company's total comprehensive loss for Q1 2023 was CNY 47,724,497.25, compared to a loss of CNY 36,924,378.21 in Q1 2022, marking an increase of about 29%[23] - Basic and diluted earnings per share for Q1 2023 were both CNY -0.12, compared to CNY -0.09 in Q1 2022, reflecting a deterioration in earnings per share[23] Cash Flow and Assets - Cash flow from operating activities was -¥89,606,331.14, indicating negative cash flow[6] - Cash flow from operating activities showed a net outflow of CNY 89,606,331.14 in Q1 2023, compared to a net outflow of CNY 33,725,908.10 in Q1 2022, indicating a significant increase in cash burn[25] - The company generated CNY 57,871,266.80 in cash from sales in Q1 2023, down from CNY 65,414,263.72 in Q1 2022, representing a decline of about 11%[25] - Cash and cash equivalents as of March 31, 2023, were CNY 54,040,918.82, down from CNY 79,670,635.64 at the end of 2022, representing a decline of 32.4%[16] - The cash and cash equivalents at the end of Q1 2023 stood at CNY 17,393,716.05, down from CNY 79,934,716.41 at the end of Q1 2022, indicating a decrease of approximately 78%[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,896,173,790.87, a decrease of 1.43% from the end of the previous year[7] - The company’s total assets were CNY 1,896,173,790.87, down from CNY 1,923,622,110.67 at the end of 2022, reflecting a decrease of 1.4%[17] - Total current assets amounted to CNY 570,385,788.14, a decrease of 2.2% from CNY 586,674,838.89 at the end of 2022[16] - Total liabilities as of March 31, 2023, were CNY 810,061,934.95, an increase of 2.5% from CNY 791,024,669.99 at the end of 2022[18] - The company’s equity attributable to shareholders decreased to CNY 1,010,330,821.48 from CNY 1,052,667,612.07 at the end of 2022, a decline of 4.0%[18] Inventory and Expenses - The company reported a significant increase in inventory by 47.87%, attributed to an increase in raw material stock[10] - Inventory increased to CNY 167,069,188.09, up 48.0% from CNY 112,984,324.42 at the end of 2022[16] - Research and development expenses increased by 30.97%, reflecting a rise in investment in innovation[11] - Total operating costs for Q1 2023 were CNY 152,974,734.54, a rise from CNY 170,545,150.35 in Q1 2022, indicating a decrease of about 10.3%[22] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 23,050[13] - The largest shareholder, Nanjing New Industry Investment Group Co., Ltd., held 35.4% of the shares[13] Investment and Financing Activities - Investment activities yielded a net cash inflow of CNY 55,267,576.12 in Q1 2023, compared to CNY 44,109,196.67 in Q1 2022, showing an increase of approximately 25%[26] - Financing activities resulted in a net cash inflow of CNY 8,388,548.77 in Q1 2023, up from CNY 768,322.58 in Q1 2022, indicating a substantial improvement in financing[26]