NCIC(SZ:002246)2020-04-27 16:00Financial Performance - The company's operating revenue for Q1 2020 was ¥357,473,268.76, a decrease of 14.16% compared to ¥416,430,846.97 in the same period last year[8]. - The net profit attributable to shareholders was ¥2,106,897.10, down 64.73% from ¥5,973,364.21 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was -¥5,708,514.80, a decline of 374.47% compared to ¥2,079,812.89 in the previous year[8]. - Basic earnings per share were ¥0.0038, down 65.14% from ¥0.0109 year-on-year[8]. - Net profit decreased by 135.28% year-on-year, primarily due to a decline in sales revenue caused by the pandemic[17]. - The company expects net profit for the first half of 2020 to decline by more than 50% year-on-year, with a range of 10.9851 million to 36.6169 million yuan[21]. - The company reported a total profit of CNY 3,751,830.08 before tax, down from CNY 9,270,406.52[43]. - The total comprehensive income for the first quarter was -19,723,134.44 CNY, compared to -20,190,841.94 CNY in the previous period[48]. Cash Flow - The net cash flow from operating activities was ¥29,169,748.16, a decline of 67.45% from ¥89,607,398.69 in the same period last year[8]. - Cash inflow from operating activities totaled 378,049,137.91 CNY, down from 497,893,735.55 CNY year-over-year, representing a decrease of approximately 24.1%[49]. - The cash outflow from operating activities was 348,879,389.75 CNY, down from 408,286,336.86 CNY, indicating a decrease of 14.6%[51]. - The company reported a cash inflow of 1,212,000,058.73 CNY from recovering investments, with no comparable figure from the previous period[54]. - The company reported a net cash inflow from investment activities of 93.33 million yuan, mainly due to changes in financial product investments[17]. - The net cash flow from investment activities was 6,679,030.26 CNY, recovering from a negative cash flow of -86,649,188.89 CNY in the previous year[51]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,957,442,109.15, an increase of 0.95% from ¥3,920,053,122.39 at the end of the previous year[8]. - Total current assets amounted to approximately CNY 2.64 billion, an increase from CNY 2.58 billion as of December 31, 2019, reflecting a growth of about 2.9%[33]. - Total liabilities as of March 31, 2020, were CNY 1.22 billion, compared to CNY 1.19 billion at the end of 2019, marking an increase of about 3.2%[35]. - The company's total assets reached CNY 3.96 billion, slightly up from CNY 3.92 billion, reflecting a growth of approximately 1.3%[36]. - The total current liabilities amounted to CNY 1.14 billion, an increase from CNY 1.11 billion, indicating a rise of approximately 2.3%[35]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 42,440[12]. - The top shareholder, Shanxi Xinhua Protective Equipment Co., Ltd., held 18.06% of the shares, totaling 99,138,233 shares[12]. - The net assets attributable to shareholders were ¥2,516,748,123.42, a slight increase of 0.15% from ¥2,513,047,531.27 at the end of the previous year[8]. - The total equity attributable to shareholders was CNY 2.52 billion, marginally up from CNY 2.51 billion, showing an increase of approximately 0.1%[36]. Expenses - R&D expenses increased by 52.60% year-on-year, reflecting increased investment in research and development[16]. - Management expenses increased by 53.02% year-on-year, mainly due to increased costs related to pandemic-related shutdowns[16]. - The company experienced a significant increase in management expenses, which rose to CNY 73,973,383.64 from CNY 48,341,111.42[42]. Government Support - The company received government subsidies amounting to ¥8,163,308.27 during the reporting period[9]. - Other income increased by 444.00% year-on-year, primarily due to an increase in government subsidies[17]. Changes in Financial Position - The company adopted new revenue recognition standards starting in 2020, adjusting the presentation of contract liabilities[62]. - The company has not audited the first-quarter report[62].