NEWAY(SH:603699)2020-04-29 16:00Financial Performance - Net profit attributable to shareholders rose by 12.74% to CNY 97,650,811.12 year-on-year[8] - Operating revenue grew by 13.74% to CNY 700,859,591.25 compared to the same period last year[8] - Net profit after deducting non-recurring gains and losses increased by 25.25% to CNY 90,143,474.74 year-on-year[8] - Basic earnings per share increased by 8.33% to CNY 0.13[8] - The total comprehensive income for Q1 2020 reached CNY 112,849,106.91, compared to CNY 83,891,126.23 in Q1 2019, indicating a significant increase of 34.5%[26] - Net profit for Q1 2020 reached CNY 98,384,948.32, up from CNY 87,487,253.15 in Q1 2019, reflecting a growth of 12.6%[25] - Net profit attributable to shareholders for Q1 2020 was CNY 97,650,811.12, up from CNY 86,613,921.20 in the same period last year, reflecting a growth of 12.4%[26] Assets and Liabilities - Total assets increased by 2.50% to CNY 5,085,534,628.77 compared to the end of the previous year[8] - Total assets as of March 31, 2020, amounted to CNY 4,751,387,050.84, compared to CNY 4,662,751,813.91 at the end of 2019[23] - The company's total liabilities decreased to CNY 2,099,591,616.35 from CNY 2,124,928,038.55, indicating a reduction of 1.2%[21] - Current liabilities rose slightly to ¥2,249,667,699.12 from ¥2,230,280,636.59, driven by an increase in short-term borrowings[18] - The total liabilities and equity amounted to CNY 4,751,387,050.84, compared to CNY 4,662,751,813.91 at the end of 2019, indicating a total increase of 1.9%[23] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 44,725,509.67, an improvement from the previous year's outflow of CNY 53,137,391.02[8] - The company reported a net cash flow from financing activities of ¥91,490,357.94, significantly improving from a net outflow of -¥173,389,663.00 in the previous year[15] - The net cash flow from operating activities for Q1 2020 was negative at CNY -44,725,509.67, an improvement from CNY -53,137,391.02 in Q1 2019[32] - The company's cash and cash equivalents at the end of Q1 2020 stood at ¥232,111,123.05, up from ¥204,035,004.03 at the end of Q1 2019, an increase of 13.7%[37] - The net cash flow from financing activities improved to ¥28,671,789.19, compared to -¥152,657,409.34 in Q1 2019, indicating a turnaround[37] Shareholder Information - The number of shareholders reached 13,441 at the end of the reporting period[10] - The largest shareholder, Neway Group Co., Ltd., holds 53.15% of the shares, totaling 398,650,000 shares[10] Research and Development - Research and development expenses increased by 38.35% year-on-year, amounting to ¥28,445,671.64, attributed to increased R&D investments[13] - Research and development expenses for Q1 2020 were CNY 28,445,671.64, an increase of 38.4% from CNY 20,561,159.21 in Q1 2019[25] Financial Expenses and Income - Financial expenses surged by 381.49% to ¥7,356,495.87, mainly due to exchange rate fluctuations[13] - Investment income plummeted by 91.06% to ¥551,722.16, primarily due to a decrease in bank wealth management income[13] Other Comprehensive Income - Other comprehensive income increased by 52.22% to ¥42,161,141.18, mainly due to changes in foreign currency translation differences[13]