NSC(SH:601990)2020-04-28 16:00Financial Performance - Net profit attributable to shareholders increased by 9.39% to CNY 230,832,848.27 year-on-year[4] - Operating income rose by 13.89% to CNY 577,467,625.85 compared to the same period last year[4] - Basic earnings per share increased by 16.67% to CNY 0.07[4] - Total operating revenue for Q1 2020 was CNY 577.47 million, an increase of 13.83% compared to CNY 507.02 million in Q1 2019[22] - Net profit for Q1 2020 was CNY 231.63 million, an increase of 9.73% compared to CNY 211.15 million in Q1 2019[23] - The company reported a total profit of CNY 295.87 million for Q1 2020, up 11.27% from CNY 265.93 million in Q1 2019[23] - Other comprehensive income after tax for Q1 2020 was CNY 116.84 million, significantly higher than CNY 22.10 million in the previous year[23] Assets and Liabilities - Total assets increased by 12.28% to CNY 40,488,195,401.84 compared to the end of the previous year[4] - Total liabilities rose to CNY 28.93 billion, compared to CNY 24.85 billion, reflecting a growth of about 16.5% year-over-year[18] - Owner's equity totaled CNY 11.55 billion, an increase from CNY 11.20 billion, indicating a growth of approximately 3.1% year-over-year[18] - The company's cash and cash equivalents amounted to CNY 10.06 billion, compared to CNY 8.52 billion, showing a growth of about 18.1% year-over-year[19] - Total assets amounted to CNY 36.06 billion, with total liabilities at CNY 24.85 billion, resulting in total equity of CNY 11.20 billion[32] Cash Flow - Net cash flow from operating activities decreased significantly by 170.88% to -CNY 2,047,578,211.08[4] - Cash inflow from operating activities totaled CNY 1,768,124,331.36 in Q1 2020, down from CNY 5,920,105,896.39 in Q1 2019, indicating a decline of about 70%[26] - The net cash flow from financing activities increased significantly to ¥3,546,911,127.47, up 181.77% from ¥1,258,812,047.28, mainly due to cash received from bond issuance[14] - The net cash flow from financing activities was CNY 3,546,911,127.47 in Q1 2020, up from CNY 1,258,812,047.28 in Q1 2019, reflecting an increase of approximately 182%[27] Shareholder Information - The total number of shareholders reached 222,579 by the end of the reporting period[6] - The largest shareholder, Nanjing Zijin Investment Group, holds 27.14% of the shares[6] Government Subsidies and Non-Operating Income - The company reported a total of CNY 3,363,703.36 in government subsidies related to normal business operations[5] - Non-operating income and expenses resulted in a net loss of CNY 3,153,808.12 for the period[5] Financial Investments and Derivatives - Derivative financial assets increased to ¥2,840,545.00, a rise of 161.44% compared to ¥1,086,517.00 from the previous period, primarily due to the growth in the scale of derivative business[10] - Derivative financial liabilities surged to ¥25,011,495.00, reflecting a 588.71% increase from ¥3,631,620.42, attributed to the expansion of derivative business[10] - Accounts receivable reached ¥12,716,127.00, up 96.56% from ¥6,469,457.02, mainly driven by increased investment banking revenue and asset management fees[10] Tax and Other Financial Obligations - Tax payable increased to ¥158,543,549.43, a 93.55% rise from ¥81,915,425.91, mainly due to higher corporate income tax obligations[10] - Short-term financing payables rose to ¥2,849,172,077.41, a 71.64% increase from ¥1,659,999,273.57, primarily due to the issuance of short-term income certificates during the period[10] Future Plans and Strategic Focus - The company plans to continue expanding its investment banking and asset management services to drive future growth[24] - The report indicates a commitment to transparency with the adoption of updated accounting standards for revenue and leases[36]