NUG(600051)2018-04-23 16:00Financial Performance - Operating revenue for the period was ¥744,000,711.04, representing a significant increase of 43.64% year-on-year[7] - Net profit attributable to shareholders was ¥2,877,735.31, a decrease of 66.66% compared to the same period last year[7] - Basic earnings per share were ¥0.0093, down 67.02% from ¥0.0282 in the same period last year[7] - The company's operating revenue increased by 43.64% to RMB 744,000,711.04 compared to RMB 517,975,986.87 in the same period last year[17] - The net profit attributable to shareholders of the parent company decreased by 66.66% to RMB 2,877,735.31, compared to RMB 8,631,211.13 in the previous year, largely due to higher gains from the disposal of investment properties in the prior year[23] - The total profit for the current period was ¥14,030,407.99, down 30.2% from ¥20,083,316.03 in the prior period[38] - The operating profit for the current period was ¥13,765,324.97, down 25.5% from ¥18,469,194.89 in the previous period[38] - Net profit for the current period was ¥8,816,361.04, a decrease of 14.4% from ¥10,343,354.06 in the previous period[39] Cash Flow - Cash flow from operating activities showed a negative net amount of ¥85,863,828.80, a decline of 140.36% compared to the previous year[7] - The net cash flow from operating activities significantly decreased by RMB 298,589,815.34 to -85,863,828.80, primarily due to increased coal procurement payments by the subsidiary Ningbo United Group Import and Export Co., Ltd.[25] - Cash inflow from operating activities totaled CNY 1,200,322,066.56, an increase from CNY 1,153,791,927.32 in the previous period, representing a growth of approximately 4.6%[45] - Cash outflow from operating activities increased to CNY 1,286,185,895.36 from CNY 941,065,940.78, resulting in a net cash flow from operating activities of -CNY 85,863,828.80, compared to CNY 212,725,986.54 previously[45] - The net increase in cash and cash equivalents was CNY 28,811,486.41, down from CNY 230,195,835.74, indicating a significant decline in cash accumulation[46] Assets and Liabilities - Total assets at the end of the reporting period reached ¥6,852,804,315.56, an increase of 0.97% compared to the end of the previous year[7] - Current liabilities rose to ¥3,546,045,250.17 from ¥3,315,178,351.35, an increase of about 6.96%[32] - Total liabilities increased to ¥4,196,415,360.10 from ¥4,091,353,917.33, reflecting a growth of around 2.56%[32] - Owner's equity decreased to ¥2,656,388,955.46 from ¥2,695,754,249.79, a decrease of about 1.46%[32] - Cash and cash equivalents decreased to ¥48,338,557.23 from ¥85,482,804.18, a decline of approximately 43.5%[35] - Total current assets decreased to ¥533,429,076.92 from ¥539,816,118.56, a decrease of about 1.6%[35] - Total non-current assets decreased to ¥2,103,738,767.30 from ¥2,167,877,694.10, a decline of approximately 2.96%[35] Shareholder Information - The total number of shareholders at the end of the reporting period was 24,217[10] - The largest shareholder, Zhejiang Rongsheng Holding Group Co., Ltd., held 29.08% of the shares, amounting to 90,417,600 shares[10] Investment Activities - Investment income surged by 874.03% to RMB 27,130,819.55, influenced by the disposal of 100% equity stakes in two subsidiaries by Liangzhu Wedding Group Co., Ltd.[20] - The company plans to acquire 100% equity of Hangzhou Shengyuan Real Estate Development Co., Ltd. through a share issuance to Zhejiang Rongsheng Holding Group Co., Ltd. and Sanyuan Holding Group Co., Ltd.[25] Financial Ratios and Indicators - The weighted average return on equity decreased by 0.32 percentage points to 0.12%[7] - Significant changes in financial indicators included an increase in accounts receivable due to higher sales by a subsidiary[13] - The operating cost rose by 55.94% to RMB 657,731,504.87, primarily due to increased sales from the subsidiary Ningbo United Group Import and Export Co., Ltd.[18] - Short-term borrowings surged by 178.38% to RMB 408,820,007.04, attributed to increased bank loans by the company and its subsidiary Wenzhou UnionPay Investment Property Co., Ltd.[16] - Other current assets increased by 75.58% to RMB 114,886,253.13, mainly due to increased prepaid taxes related to the real estate subsidiary[15]