NFC(SZ:000758)2019-04-29 16:00Financial Performance - The company's operating revenue for Q1 2019 was ¥2,678,356,811.17, a decrease of 28.62% compared to ¥3,752,035,085.00 in the same period last year[8]. - The net profit attributable to shareholders of the listed company was ¥70,843,221.98, down 23.20% from ¥92,241,551.41 in the previous year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥66,154,933.87, a decrease of 24.86% from ¥88,039,235.75 in the same period last year[8]. - The basic earnings per share for the period was ¥0.0360, down 23.08% from ¥0.0468[8]. - Operating profit for Q1 2019 was CNY 177,194,873.29, down 26.9% from CNY 242,338,120.06 in the same period last year[49]. - Comprehensive income for Q1 2019 was CNY 24,964,301.76, a significant drop from CNY 166,290,158.90 in Q1 2018[49]. - The company's net profit for the current period is CNY 60,781,460.90, compared to a net loss of CNY 76,563,775.63 in the previous period, indicating a significant turnaround[52]. - The total profit for the current period is CNY 98,074,373.59, up from CNY 18,301,999.22 in the previous period, reflecting a growth of 436.5%[52]. Cash Flow - The net cash flow from operating activities was significantly negative at -¥166,912,401.61, compared to ¥2,530,298,884.98 in the previous year, a decrease of 106.60%[8]. - The company's cash flow from operating activities shows a net outflow of CNY 166,912,401.61, compared to a net inflow of CNY 2,530,298,884.98 in the previous period[55]. - Cash inflow from operating activities totaled 691,275,116.03 CNY, down from 3,155,604,523.26 CNY, representing a decrease of about 78%[58]. - Cash outflow from operating activities was 1,236,341,390.11 CNY, reduced from 1,757,156,534.97 CNY, showing a decrease of approximately 30%[58]. - The net cash flow from financing activities was 215,182,295.52 CNY, a turnaround from -277,898,669.08 CNY in the previous period[58]. Assets and Liabilities - Total assets at the end of the reporting period were ¥24,960,528,879.65, a decrease of 1.24% from ¥25,273,727,481.22 at the end of the previous year[8]. - The company's current assets totaled CNY 15,131,794,207.56, slightly down from CNY 15,321,988,871.41 at the end of 2018[37]. - The total liabilities as of March 31, 2019, were CNY 15,527,164,341.67, compared to CNY 15,841,402,748.99 at the end of 2018, indicating a reduction in liabilities[40]. - The company's short-term borrowings were CNY 4,254,792,247.85, showing a minor decrease from CNY 4,258,489,935.88[40]. - The total liabilities amounted to 15,841,402,748.99 CNY, consistent across the reporting periods[65]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 124,076[11]. - The net assets attributable to shareholders of the listed company were ¥5,237,221,442.85, an increase of 0.14% from ¥5,229,899,136.34 at the end of the previous year[8]. - The company's equity attributable to shareholders was CNY 5,237,221,442.85, slightly up from CNY 5,229,899,136.34[40]. Expenses - Sales expenses rose by 59.73% as a result of increased sales from the Singapore subsidiary compared to the previous year[19]. - R&D expenses surged by 912.89% due to increased investment in research and development by the subsidiary Shenye Machinery[19]. - The company reported a financial expense of CNY -8,586,275.64, a substantial decrease from CNY 126,386,846.78 in the previous year, suggesting improved financial management[49]. - The financial expenses decreased significantly to CNY -51,443,604.36 from CNY 99,338,174.93, indicating improved cost management[52]. Investment Activities - Investment income increased by 75.47% due to higher investment income recognized from joint ventures compared to the previous year[19]. - The company reported a significant increase in derivative investments, with a total investment amounting to 1,013.78 million yuan, accounting for 0.28% of the company's net assets[27]. - The cash inflow from investment activities was 77,286,739.61 CNY, compared to 38,481,071.29 CNY in the previous period, representing an increase of about 101%[58]. Other Financial Information - The company implemented new financial instrument standards starting January 1, 2019, with no significant impact on financial status or results[73]. - The first quarter report for 2019 was not audited[73]. - The company has not yet implemented new revenue and leasing standards, with adjustments only affecting financial statement presentation[72].