NBSS(SH:600884)2024-04-25 12:11Revenue and Profit Performance - Revenue for the first quarter of 2024 was 3.75 billion yuan, a decrease of 15.67% compared to the same period last year[4] - Total revenue for Q1 2024 reached RMB 18.85 billion, a slight decrease from RMB 19.13 billion in Q4 2023[15] - Total operating revenue for Q1 2024 was 3.75 billion CNY, a decrease of 15.68% compared to 4.45 billion CNY in Q1 2023[18] - Net profit attributable to shareholders of the listed company was -73.28 million yuan, a decrease of 112.80% year-on-year[4] - Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was -73.35 million yuan, a decrease of 144.07% year-on-year[4] - Net profit for Q1 2024 was a loss of 59.58 million CNY, compared to a profit of 831.55 million CNY in Q1 2023[18] - Net profit attributable to parent company shareholders was -73.28 million yuan, compared to 572.60 million yuan in the same period last year[19] - Comprehensive income attributable to parent company shareholders was 276.87 million yuan, compared to 729.99 million yuan in the same period last year[19] - Basic earnings per share were -0.033 yuan, a decrease of 111.41% compared to the same period last year[8] - Diluted earnings per share were -0.033 yuan, a decrease of 111.41% compared to the same period last year[8] - Basic earnings per share were -0.033 yuan, compared to 0.293 yuan in the same period last year[19] Assets and Liabilities - Total assets at the end of the reporting period were 49.63 billion yuan, an increase of 2.37% compared to the end of the previous year[5] - Equity attributable to shareholders of the listed company was 22.77 billion yuan, an increase of 0.42% compared to the end of the previous year[5] - Total assets increased to 49.63 billion CNY from 48.47 billion CNY in the previous quarter, reflecting a growth of 2.39%[16][17] - Long-term equity investments remained stable at 7.10 billion CNY, showing a slight increase of 0.43% compared to the previous quarter[16] - Fixed assets decreased slightly to 10.76 billion CNY from 10.92 billion CNY, a reduction of 1.45%[16] - Construction in progress increased significantly to 6.66 billion CNY from 5.58 billion CNY, a growth of 19.25%[16] - Total liabilities increased to 25.96 billion CNY from 24.88 billion CNY, a growth of 4.31%[17] - Shareholders' equity slightly increased to 23.67 billion CNY from 23.59 billion CNY, a growth of 0.33%[17] Cash Flow and Operating Activities - The net cash flow from operating activities was 324.46 million yuan, mainly due to increased sales receipts from the negative electrode business and reduced cash outflows from purchasing inventory and prepayments using bills[7] - Cash received from sales of goods and services was 4.47 billion yuan, an increase from 4.11 billion yuan in the same period last year[20] - Net cash flow from operating activities was 324.46 million yuan, compared to -1.33 billion yuan in the same period last year[20] - Net cash flow from investing activities was -907.63 million yuan, compared to -2.07 billion yuan in the same period last year[21] - Net cash flow from financing activities was 1.36 billion yuan, compared to 2.76 billion yuan in the same period last year[21] - Cash and cash equivalents at the end of the period were 4.80 billion yuan, compared to 3.27 billion yuan at the end of the same period last year[21] - Cash paid for the purchase of fixed assets, intangible assets, and other long-term assets was 741.71 million yuan, a decrease from 1.66 billion yuan in the same period last year[21] - Cash and cash equivalents increased to RMB 5.61 billion, up from RMB 4.86 billion at the end of 2023[15] Shareholder and Equity Information - The company's total number of ordinary shareholders at the end of the reporting period was 172,805[9] - The company repurchased 65.3 million shares, representing 2.89% of total shares outstanding[10] - Citibank, National Association holds 6.12 million shares as the GDR depository, with 1.22 million GDRs outstanding[10] - The top 10 shareholders collectively hold approximately 232.88 million shares, representing 10.3% of total shares outstanding[10] - The company's largest shareholder, Shanshan Group, holds 782.22 million shares, with 688.14 million shares pledged[10] - The China Construction Bank-ICBC New Energy Vehicle Index Fund increased its holdings to 6.18 million shares, up from 4.72 million shares[12] - The Agricultural Bank of China-CSOP 500 ETF reduced its holdings to 12.81 million shares from 13.63 million shares in the previous quarter[12] Operating Costs and R&D Expenses - Operating costs for Q1 2024 were 3.84 billion CNY, a decrease of 8.98% from 4.22 billion CNY in Q1 2023[18] - R&D expenses increased to 204.42 million CNY in Q1 2024, up 20.09% from 170.22 million CNY in Q1 2023[18] Inventory and Accounts Receivable - Accounts receivable decreased to RMB 4.34 billion from RMB 4.66 billion in the previous quarter[15] - Inventory levels remained stable at RMB 5.30 billion, compared to RMB 5.36 billion at the end of 2023[15] Other Comprehensive Income - Other comprehensive income after tax was 350.17 million yuan, compared to 157.40 million yuan in the same period last year[19] Reasons for Profit Decline - The decrease in net profit was mainly due to the decline in product prices of the negative electrode and polarizer businesses, as well as the impact of the transfer of equity in Xinya Shanshan New Materials Technology (Quzhou) Co., Ltd. in the same period last year[7]