NEWAY(SH:603699)2021-04-29 16:00Financial Performance - Operating revenue for the first quarter reached CNY 776,166,701.15, a 10.74% increase year-on-year[7] - Net profit attributable to shareholders decreased by 39.59% to CNY 58,994,121.27 compared to the same period last year[7] - Net profit for the period was ¥60,386,923.09, a decrease of 38.62% compared to the same period last year, primarily due to a decline in sales gross margin[15] - The company's operating revenue for Q1 2021 was CNY 624,595,963.08, an increase of 6.3% compared to CNY 587,658,203.17 in Q1 2020[33] - The total profit for Q1 2021 was CNY 68,145,380.46, down 40.6% from CNY 114,639,398.75 in Q1 2020[33] - The company reported a basic earnings per share of CNY 0.08, compared to CNY 0.13 in the previous year[33] - The total comprehensive income attributable to shareholders of the parent company was CNY 59,096,470.08, compared to CNY 112,849,106.91 in Q1 2020[33] Assets and Liabilities - Total assets increased by 4.60% to CNY 5,595,666,043.53 compared to the end of the previous year[7] - The company's total assets reached ¥5,595,666,043.53, up from ¥5,349,479,144.22 at the end of 2020[20] - Total current assets as of March 31, 2021, amounted to ¥3,908,793,288.51, up from ¥3,773,652,074.38 at the end of 2020[17] - Total liabilities increased to ¥2,628,497,654.03 from ¥2,444,086,111.06 year-over-year[20] - Total liabilities increased to ¥2,291,785,990.44, up 8.1% from ¥2,120,124,861.97 at the end of 2020[25] - The company's equity attributable to shareholders was ¥2,912,126,065.24, compared to ¥2,851,743,510.72 in the previous year[20] Cash Flow - The net cash flow from operating activities improved to -CNY 20,289,352.08, an increase from -CNY 44,725,509.67 in the previous year[7] - In Q1 2021, the net cash flow from operating activities was -20,289,352.08 RMB, an improvement from -44,725,509.67 RMB in Q1 2020[36] - Total cash inflow from operating activities was 773,727,258.61 RMB, compared to 728,028,366.78 RMB in the same period last year, reflecting a year-over-year increase of approximately 6.2%[36] - Cash outflow from operating activities totaled 794,016,610.69 RMB, up from 772,753,876.45 RMB in Q1 2020, indicating a rise of about 2.9%[36] - Cash inflow from financing activities was 225,644,250.00 RMB, a decrease from 483,312,350.00 RMB in Q1 2020, reflecting a decline of approximately 53.2%[38] - The net cash flow from financing activities improved to 140,545,958.56 RMB from 91,490,357.94 RMB in Q1 2020, showing an increase of about 53.7%[38] Shareholder Information - The number of shareholders at the end of the reporting period was 13,941[12] - The largest shareholder, Neway Group Co., Ltd., holds 53.15% of the shares, amounting to 398,650,000 shares[12] Operational Metrics - The weighted average return on equity decreased by 1.6 percentage points to 2.05%[7] - Basic earnings per share fell by 38.46% to CNY 0.08[7] - The gross profit margin decreased to approximately 10.0% in Q1 2021 from 15.0% in Q1 2020[29] - The gross profit margin decreased to 20.2% in Q1 2021 from 34.7% in Q1 2020, indicating increased costs[33] - R&D expenses for Q1 2021 were ¥24,427,224.40, a decrease of 14.1% compared to ¥28,445,671.64 in Q1 2020[29] - Research and development expenses were CNY 18,239,992.63, a decrease of 25.5% from CNY 24,502,183.04 in Q1 2020[33] Asset Management - The company reported a significant decrease in other current assets by 50.27% due to a reduction in bank wealth management products[13] - Investment income increased by 41.51% to CNY 780,719.47 compared to the same period last year[13] - The company experienced an asset impairment loss of CNY 3,385,427.11, compared to CNY 673,177.06 in the previous year[34]