NSC(SH:601990)2021-04-28 16:00Financial Performance - Net profit attributable to shareholders decreased by 23.46% to CNY 176.68 million year-on-year[5] - Operating revenue declined by 14.71% to CNY 492.52 million compared to the same period last year[5] - The company reported a decrease in net profit after deducting non-recurring gains and losses by 24.35% to CNY 177.01 million[5] - Basic earnings per share fell by 28.57% to CNY 0.05[5] - The company reported a net profit of RMB 1,920,409,120.57 for Q1 2021, compared to RMB 1,757,234,332.00 in Q1 2020, reflecting a growth of 9.26%[14] - Net profit for Q1 2021 was CNY 176.98 million, down 23.5% from CNY 231.63 million in Q1 2020[18] - Investment income decreased to ¥44,115,422.43 from ¥122,934,058.27, a decline of ¥78,818,635.84 or 64.11% due to reduced returns from financial instruments[10] - Investment income for Q1 2021 was CNY 40.15 million, a decline of 61.1% from CNY 103.12 million in Q1 2020[17] Assets and Liabilities - Total assets increased by 2.97% to CNY 45.89 billion compared to the end of the previous year[5] - Total assets reached ¥45,894,272,988.11, up from ¥44,569,613,317.44, reflecting a growth in overall asset base[11] - Total liabilities included short-term financing payables of ¥1,212,139,973.91, down from ¥1,629,119,309.16, indicating a reduction in short-term debt obligations[11] - Total liabilities increased to RMB 28,955,895,485.30 from RMB 27,611,187,297.87, marking a growth of 4.85%[14] - Total assets as of March 31, 2021, reached RMB 44,696,057,618.51, an increase from RMB 43,185,710,129.64 at the end of 2020[13] - Total liabilities reached RMB 28,750,485,864.55, with short-term financing payables at RMB 1,629,119,309.16 and bonds payable at RMB 7,660,108,144.32[24] Cash Flow - Net cash flow from operating activities improved to -CNY 633.71 million, a significant reduction from -CNY 2.05 billion in the previous year[5] - Net cash flow from operating activities improved by ¥1,413,868,868.04, moving from -¥2,047,578,211.08 to -¥633,709,343.04, indicating better cash management[10] - In Q1 2021, the net cash flow from operating activities was -633,709,343.04 RMB, an improvement from -2,047,578,211.08 RMB in Q1 2020, indicating a significant reduction in losses[20] - Total cash inflow from operating activities reached 3,393,343,040.51 RMB, compared to 1,768,124,331.36 RMB in the same period last year, reflecting a year-over-year increase of approximately 92%[20] - The company reported a total cash outflow from operating activities of 4,027,052,383.55 RMB, up from 3,815,702,542.44 RMB in the previous year[20] Shareholder Information - The total number of shareholders reached 178,234 by the end of the reporting period[7] - The largest shareholder, Nanjing Zijin Investment Group, holds 25.01% of the shares[7] Other Income and Expenses - Other income increased to ¥5,888,165.78 from ¥2,640,965.63, a rise of ¥3,247,200.15 or 122.96% due to higher government subsidies[10] - Total operating expenses for Q1 2021 were CNY 219.22 million, a reduction of 7.6% compared to CNY 237.21 million in Q1 2020[18] - The company experienced a significant increase in tax expenses, which rose to CNY 50.56 million in Q1 2021 from CNY 64.24 million in Q1 2020[18] Financial Investments - Derivative financial assets increased significantly to ¥59,591,409.98 from ¥871,140.00, a change of ¥58,720,269.98 or 6740.62% due to business scale expansion[9] - The company’s derivative financial assets increased significantly to RMB 59,591,409.98 from RMB 871,140.00, showing a substantial growth[13] - Financial investments included trading financial assets of RMB 5,053,182,900.67 and other debt investments totaling RMB 13,001,025,878.22[23] Comprehensive Income - Other comprehensive income after tax decreased significantly to ¥1,834,404.93 from ¥116,837,827.70, a drop of ¥115,003,422.77 or 98.43% due to reduced fair value changes in other debt investments[10] - The company reported a total comprehensive income of CNY 178.81 million for Q1 2021, down from CNY 348.47 million in Q1 2020[16]