NKF(SH:603707)2020-04-29 16:00Financial Performance - Net profit attributable to shareholders rose by 37.30% to CNY 204,403,725.60 year-on-year[4] - Operating revenue grew by 20.35% to CNY 734,151,941.80 compared to the same period last year[4] - Basic earnings per share increased by 33.33% to CNY 0.28[4] - The weighted average return on equity rose to 6.65%, an increase of 0.69 percentage points[4] - The net profit for Q1 2020 was CNY 204,019,285.30, compared to CNY 148,878,142.07 in Q1 2019, reflecting a year-over-year increase of about 36.9%[22] - The company reported a total comprehensive income of CNY 207,912,964.29 for Q1 2020, compared to CNY 148,215,207.16 in Q1 2019, an increase of approximately 40%[23] - The net profit for Q1 2020 reached CNY 198,201,860.36, up 60% from CNY 123,851,301.53 in the same period last year[25] - The company reported a total profit of CNY 228,167,583.13 for Q1 2020, compared to CNY 140,467,820.40 in Q1 2019, reflecting strong operational performance[25] Assets and Liabilities - Total assets increased by 6.04% to CNY 5,385,408,851.17 compared to the end of the previous year[4] - Total current assets increased to CNY 4,606,037,834.65 from CNY 4,288,776,008.47, representing a growth of approximately 7.4% year-over-year[16] - Total liabilities amounted to CNY 2,170,603,078.08, compared to CNY 2,074,325,056.24, reflecting an increase of approximately 4.7%[17] - The total equity attributable to shareholders increased to CNY 3,176,064,794.72 from CNY 2,966,492,802.68, representing a growth of approximately 7.1%[17] - The company's total liabilities rose to CNY 2,177,660,274.72 from CNY 2,165,960,270.60, showing a slight increase of about 0.54%[20] Cash Flow - Net cash flow from operating activities improved by 51.80%, reaching CNY -90,491,766.00[4] - The cash flow from operating activities showed a net outflow of CNY -90,491,766.00, an improvement from CNY -187,730,316.52 in Q1 2019[27] - Cash inflow from financing activities was CNY 774,165,946.50, compared to CNY 313,167,576.75 in Q1 2019, showing strong capital raising efforts[28] - The cash inflow from financing activities was ¥678,197,574.00, compared to ¥313,167,576.75 in Q1 2019, marking an increase of approximately 116.5%[30] Shareholder Information - The total number of shareholders at the end of the reporting period was 8,603[7] - The largest shareholder, Jiangsu Coastal Development Group, holds 27.85% of shares[7] Investment and Expenses - R&D expenses grew by 31.14% to ¥47,698,223.52, reflecting continued investment in research and development[11] - Management expenses increased by 426.78% to ¥41,853,240.66, mainly due to the management costs of newly acquired subsidiaries[11] - Long-term equity investments surged by 209.65% to ¥2,898,539.44, attributed to increased investment income from PEKO[10] - The company incurred financial expenses of CNY 11,381,812.92, with interest expenses accounting for CNY 10,506,883.78, indicating increased borrowing costs[24] Current Assets and Liabilities - Cash and cash equivalents increased by 31.92% to ¥480,394,685.32 from ¥364,161,606.43[9] - The company's cash and cash equivalents increased to CNY 330,555,722.06 from CNY 178,978,788.32, marking an increase of 84.6%[18] - Inventory levels rose to CNY 3,255,355,911.46 from CNY 3,142,300,295.41, which is an increase of about 3.6%[18] - Other current liabilities rose dramatically by 2,075.48% to ¥42,371,769.78, mainly due to new payable expenses from the consolidation of a U.S. subsidiary[10] - The company’s other current liabilities increased significantly to CNY 42,371,769.78 from CNY 1,947,693.84, a rise of over 2000%[17]