NEWU(300472)2024-04-25 12:37Financial Performance - The company's revenue for Q1 2024 was ¥125,916,226.06, representing a 112.16% increase compared to ¥59,348,822.32 in the same period last year[5] - The net loss attributable to shareholders was ¥12,005,069.61, a 6.97% improvement from a loss of ¥12,903,879.35 in Q1 2023[5] - The net loss for Q1 2024 was ¥13,420,768.90, an improvement compared to a net loss of ¥15,425,947.47 in Q1 2023, reflecting a reduction in losses of approximately 13%[19] - The total comprehensive income for the parent company was -12,005,069.61 CNY, while the total comprehensive income attributable to minority shareholders was -1,415,699.29 CNY[20] - The basic and diluted earnings per share for Q1 2024 were both -0.04 CNY, compared to -0.05 CNY in Q1 2023[20] Cash Flow - The net cash flow from operating activities improved by 13.17%, amounting to -¥43,285,466.92 compared to -¥49,851,141.76 in the previous year[5] - Cash inflows from operating activities totaled 69,076,479.83 CNY, an increase from 65,768,908.43 CNY in the previous year[23] - Cash outflows from operating activities amounted to 112,361,946.75 CNY, slightly down from 115,620,050.19 CNY in the same period last year[23] - The net cash flow from investing activities was 7,738,115.50 CNY, a significant improvement from -2,287,400.05 CNY in Q1 2023[23] - Cash inflows from financing activities were 90,510,000.00 CNY, up from 45,502,000.00 CNY in the same period last year[23] - The net cash flow from financing activities was -23,497,004.14 CNY, compared to 12,922,873.18 CNY in Q1 2023[23] Assets and Liabilities - Total assets decreased by 5.46% to ¥1,535,122,903.89 from ¥1,623,850,361.56 at the end of the previous year[5] - Total liabilities decreased to ¥964,513,738.44 in Q1 2024 from ¥1,039,820,427.21 in Q1 2023, representing a reduction of about 7.2%[17] - The company's cash and cash equivalents dropped by 74.39% to ¥20,353,913.52, primarily due to operational payments and debt repayments[8] - The total current assets decreased to ¥891,352,525.61 from ¥976,695,966.79, a decline of approximately 8.7%[17] - The accounts receivable increased to ¥516,165,540.75 in Q1 2024 from ¥509,654,838.73 in Q1 2023, showing a slight increase of about 1%[17] - The inventory decreased significantly to ¥223,753,277.25 from ¥261,440,069.55, indicating a reduction of approximately 14.4%[17] - The company reported a decrease in other payables to ¥103,339,794.11 from ¥125,676,757.85, reflecting a decline of about 17.8%[17] Research and Development - Research and development expenses increased by 43.15% to ¥13,828,524.53, driven by investments in waste tire thermal cracking resource utilization and 5G industrial applications[8] - Research and development expenses for Q1 2024 amounted to ¥13,828,524.53, compared to ¥9,660,354.11 in Q1 2023, marking an increase of about 43.5%[19] Shareholder Information - The total number of common stock shareholders at the end of the reporting period is 22,429, with no preferred stock shareholders[10] - The largest shareholder, Jiangxi Guolian Dacheng Industrial Co., Ltd., holds 8.36% of shares, totaling 23,008,820 shares, with 21,450,873 shares pledged[10] - Zhu Yesheng, a natural person, holds 6.52% of shares, totaling 17,941,043 shares, with 9,800,000 shares pledged[10] - Zhu Yesheng, the controlling shareholder, plans to increase his stake by purchasing between 1,000,000 and 2,000,000 shares within six months[14] - The total number of restricted shares at the beginning of the period was 13,494,032, with 9,375 shares released and 47,750 shares added, resulting in 13,532,407 restricted shares at the end of the period[12] Legal Matters - The company initiated a lawsuit to confirm the invalidity of a share transfer agreement, with the case already filed in court[14] Certifications and Projects - The company’s digital solutions for equipment and waste tire recycling were selected for the Ministry of Industry and Information Technology's 2023 smart manufacturing system solutions project[13] - The subsidiary, Xinyuan Xingyu Data Communication Technology Co., Ltd., received safety certification for mining products, enabling production and sales qualifications[14]