NNCC(SH:600435)2024-04-26 08:06Financial Performance - In Q1 2024, the company's operating revenue was CNY 78,607,017.52, a decrease of 86.54% compared to the same period last year[13]. - The net profit attributable to shareholders of the listed company was a loss of CNY 49,758,243.03, representing a decline of 302.67% year-on-year[13]. - The net cash flow from operating activities was a negative CNY 702,604,018.36, down 6,495.62% compared to the previous year[13]. - The basic and diluted earnings per share were both CNY -0.0332, a decrease of 302.44% year-on-year[13]. - The weighted average return on net assets was -1.84%, a decrease of 2.81 percentage points compared to the previous year[13]. - The total profit for the period was -64,963,581.67 RMB, compared to a profit of 35,218,289.54 RMB in the previous year[41]. - The net profit for the period was -58,718,381.56 RMB, compared to a profit of 29,939,535.10 RMB in the previous year[41]. - The company reported a comprehensive income total of -58,910,750.78 RMB, contrasting with 29,667,440.10 RMB in the previous year[41]. - Total operating revenue for Q1 2024 was ¥78,607,017.52, a significant decrease from ¥584,131,782.24 in Q1 2023, representing a decline of approximately 86.5%[55]. - Total operating costs for Q1 2024 were ¥151,240,417.32, compared to ¥549,747,172.09 in Q1 2023, indicating a decrease of about 72.5%[55]. - The diluted earnings per share for Q1 2024 was -¥0.0332, compared to ¥0.0164 in Q1 2023, indicating a negative shift in profitability[57]. Assets and Liabilities - The total liabilities amounted to CNY 3,212,869,787.31, down from CNY 3,817,380,174.22 at the end of the previous year[11]. - The total equity attributable to shareholders of the parent company was CNY 2,677,728,583.96, a decrease from CNY 2,711,084,813.43 at the end of the previous year[11]. - Cash and cash equivalents decreased to CNY 1,354,155,318.57 from CNY 2,066,150,470.26 at the end of the previous year[19]. - Accounts receivable increased to CNY 3,016,743,661.95 from CNY 3,335,766,662.57 at the end of the previous year[19]. - Inventory increased to CNY 579,480,286.24 from CNY 423,759,199.41 at the end of the previous year[19]. - Total assets decreased by 8.86% to CNY 6,642,215,595.92 from CNY 7,288,270,520.92 year-over-year[22]. - Equity attributable to shareholders decreased by 1.23% to CNY 2,677,728,583.96 from CNY 2,711,084,813.43 year-over-year[22]. - Total current assets amounted to CNY 5,523,783,473.33, down from CNY 6,175,382,525.49[22]. - Total non-current assets increased slightly to CNY 1,118,432,122.59 from CNY 1,112,887,995.43[22]. - The company reported a decrease in accounts payable from CNY 2,796,641,919.63 to CNY 2,438,130,615.75[22]. Cash Flow and Expenses - The net cash flow from operating activities was -702,604,018.36 RMB, a significant drop from 10,985,702.86 RMB in the previous year, mainly due to insufficient revenue from uncontracted orders[42]. - Net cash flow from investing activities for Q1 2024 was -¥261,054,013.71, a decrease from -¥816,394,565.46 in Q1 2023, showing an improvement in cash outflow[58]. - Cash and cash equivalents at the end of Q1 2024 were ¥350,981,556.45, down from ¥541,078,940.34 at the end of Q1 2023, representing a decline of approximately 35.2%[58]. - The company received cash inflows from financing activities totaling ¥14,623,893.00 in Q1 2024, compared to ¥71,254,053.64 in Q1 2023, indicating a decrease of about 79.5%[58]. - The net increase in cash and cash equivalents for Q1 2024 was -¥949,034,139.07, compared to -¥734,154,808.96 in Q1 2023, reflecting a worsening cash position[58]. - The company reported a significant reduction in sales expenses, which were ¥12,900,007.07 in Q1 2024, down from ¥14,777,498.77 in Q1 2023, a decrease of approximately 12.7%[55]. - Management expenses increased to ¥56,725,711.61 in Q1 2024 from ¥53,485,776.19 in Q1 2023, representing an increase of about 4.2%[55]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 98,095[26]. - The largest shareholder, Beifang Navigation Technology Group Co., Ltd., holds 22.61% of shares[26]. - The second largest shareholder, Zhongbing Investment Management Co., Ltd., holds 16.04% of shares[26]. Business Operations - The company has not disclosed any significant new product developments or market expansion strategies in the current report[23]. - The company's operating revenue decreased by 86.54% compared to the same period last year, primarily due to delays in contract signings with clients[48]. - The net profit attributable to shareholders of the listed company fell by 302.67% year-on-year, driven by the decline in operating revenue while fixed expenses remained stable[48]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 387.36% compared to the previous year, reflecting the same revenue decline[48]. - Basic earnings per share decreased by 302.44% year-on-year, influenced by the decline in operating revenue and profit[48]. - Diluted earnings per share also fell by 302.44%, reflecting the same factors as basic earnings[48]. - The weighted average return on net assets decreased by 2.81 percentage points, primarily due to the decline in revenue and profit[48].