NNCI(SH:600301)2024-04-24 10:34Financial Performance - The company's operating revenue for Q1 2024 reached ¥963,570,309.19, representing a year-on-year increase of 61.61%[4] - The net profit attributable to shareholders was ¥125,294,402.25, reflecting an 81.06% increase compared to the same period last year[4] - The net cash flow from operating activities amounted to ¥111,049,704.02, with a significant increase of 120.11%[4] - Basic and diluted earnings per share were both ¥0.198, marking a 69.23% increase year-on-year[4] - Total profit increased by 62.09% year-on-year, driven by higher sales volume of non-ferrous metals and lower product costs[8] - In Q1 2024, the company reported a net profit of CNY 214,037,949.38, an increase of 61.1% compared to CNY 132,804,207.87 in Q1 2023[18] - Operating profit for Q1 2024 was CNY 253,503,539.65, up from CNY 154,346,192.56 in the same period last year, reflecting a growth of 64.3%[18] - The total revenue from sales of goods and services reached CNY 1,038,561,983.10, a significant increase of 77.6% compared to CNY 585,019,611.22 in Q1 2023[22] - The total comprehensive income for Q1 2024 was CNY 214,037,949.38, compared to CNY 132,804,207.87 in Q1 2023, reflecting a growth of 61.1%[18] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,650,080,645.86, a slight increase of 0.43% from the end of the previous year[4] - Current liabilities totaled ¥1,748,923,261.22 in Q1 2024, a decrease of 14.3% from ¥2,041,703,254.00 in Q1 2023[15] - The company's total liabilities reached ¥2,319,065,219.66 in Q1 2024, compared to ¥2,313,903,973.64 in Q1 2023, indicating a marginal increase[15] - The equity attributable to shareholders was ¥3,628,405,187.34 in Q1 2024, up from ¥3,502,386,954.72 in Q1 2023, representing a growth of 3.6%[15] Research and Development - The company's research and development expenses increased by 76.39% year-on-year, indicating a significant investment in innovation[7] - Research and development expenses increased to ¥4,694,623.13 in Q1 2024, compared to ¥2,661,463.28 in Q1 2023, reflecting a growth of 76.2%[17] Operating Costs and Expenses - The company reported a 74.13% increase in operating costs, driven by higher raw material procurement and increased production volume[7] - Total operating costs for Q1 2024 were ¥706,572,719.97, up 59.8% from ¥442,255,754.60 in the same period last year[17] - Operating expenses rose by 224.13% year-on-year, primarily due to increased compensation payments for mining areas[8] Shareholder Information - The company had 14,094 common shareholders at the end of the reporting period[10] - The top ten shareholders held a total of 56.47% of the shares, with the largest shareholder being Xihua Tin Group Co., Ltd. holding 357,231,798 shares[11] Cash Flow and Financing - The cash and cash equivalents increased to ¥52,685,841.27 in Q1 2024 from ¥37,979,316.62 in Q1 2023, showing a growth of 38.6%[15] - The company raised CNY 1,011,800,000.00 through borrowings in Q1 2024, compared to CNY 404,792,000.00 in Q1 2023, marking an increase of 149.5%[23] - The company reported a cash and cash equivalents balance of CNY 812,876,158.04 at the end of Q1 2024, down from CNY 1,051,623,731.15 at the end of Q1 2023[23] Impairment Losses - Credit impairment losses increased by 315.34% year-on-year, mainly due to provisions for bad debts on receivables[8] - Asset impairment losses surged by 1263.87% compared to the same period last year, primarily due to provisions for contract asset impairments[8] Other Income - Other income increased by 303.69% year-on-year, mainly due to government subsidies received during the reporting period[8] Future Outlook - The company plans to continue investing in new technologies and market expansion strategies to drive future growth[17]