NHPM(SH:601882)2020-04-27 16:00Financial Performance - Operating revenue for the first quarter reached CNY 270,267,526.81, an increase of 8.11% year-on-year[11] - Net profit attributable to shareholders was CNY 11,521,600.15, reflecting a growth of 6.67% compared to the same period last year[11] - Basic and diluted earnings per share rose by 6.76% to CNY 0.0221[11] - The total comprehensive income for the first quarter of 2020 was CNY 16,283,199.90, compared to CNY 18,163,778.33 in the first quarter of 2019, reflecting a decrease[63] - Net profit for Q1 2020 reached $11.52 million, a 6.6% increase from $10.80 million in Q1 2019[58] - Basic earnings per share for Q1 2020 were $0.0221, compared to $0.0207 in Q1 2019, reflecting a growth of 6.8%[58] Cash Flow - Net cash flow from operating activities surged by 221.74% to CNY 4,838,256.57 compared to the previous year[11] - Operating cash flow net increased by 221.74% to 4,838,256.57 from 1,503,784.12, primarily due to reduced cash payments related to operating activities[21] - Cash inflow from investment activities totaled CNY 162,386,908.35, a substantial increase from CNY 51,252,708.33 in the first quarter of 2019, driven by higher cash recovered from investments[68] - The net cash flow from investment activities was CNY 46,779,679.26, recovering from a negative cash flow of CNY -57,124,020.36 in the previous year, showcasing a turnaround in investment performance[66] - The cash and cash equivalents at the end of the period increased to CNY 298,794,868.20, up from CNY 152,895,052.58 at the end of the first quarter of 2019, indicating strong liquidity[68] Assets and Liabilities - Total assets increased by 3.47% to CNY 2,271,564,175.74 compared to the end of the previous year[11] - Total liabilities increased to ¥974,914,383.74 from ¥910,844,334.11, representing a growth of approximately 7.5%[46] - Current assets totaled ¥1,585,990,862.17, up from ¥1,503,161,411.66, indicating an increase of about 5.5%[50] - The total assets amounted to ¥2,173,535,967.18, compared to ¥2,102,000,009.96, which is an increase of approximately 3.4%[52] - The total equity attributable to shareholders reached ¥1,296,649,792.00, up from ¥1,284,540,089.10, marking an increase of about 0.9%[46] Shareholder Information - The total number of shareholders at the end of the reporting period was 17,046[18] - The top shareholder, Ningbo Haitian Co., Ltd., held 201,986,000 shares, accounting for 38.69% of the total[18] Expenses and Income - Sales expenses increased by 66.84% to 25,172,261.14 from 15,087,946.16, driven by higher sales service fees[30] - Investment income rose by 90.48% to 2,386,208.35 from 1,252,708.33, attributed to increased returns from financial investments[31] - Tax expenses for Q1 2020 were $2.07 million, down from $3.40 million in Q1 2019, indicating a decrease of 39.0%[58] - Research and development expenses for Q1 2020 were $13.18 million, slightly down from $13.26 million in Q1 2019[56] Government Subsidies - The company received government subsidies amounting to CNY 2,412,551.19, which are closely related to its normal business operations[13] Inventory and Receivables - Accounts receivable rose by 70.04% to 142,498,909.63 from 83,802,829.90, attributed to increased sales and longer collection periods for overseas sales[22] - Inventory increased to ¥601,348,360.03 from ¥560,754,926.02, showing a growth of around 7.3%[50] Comprehensive Income - Other comprehensive income after tax increased by 250.33% to 229,856.74 from -152,901.67, mainly due to exchange rate fluctuations affecting foreign currency translation differences[35]