NTI(SZ:300532)2018-04-26 16:00Financial Performance - Total operating revenue for Q1 2018 reached ¥131,204,738.05, an increase of 144.46% compared to the same period last year[7] - Net profit attributable to shareholders was ¥24,906,708.73, reflecting a growth of 149.13% year-over-year[7] - Net profit attributable to shareholders after deducting non-recurring gains and losses was ¥21,694,946.17, a significant increase of 376.27% compared to the previous year[7] - Basic earnings per share for the quarter was ¥0.16, up 128.57% from ¥0.07 in the same period last year[7] - The total comprehensive income for Q1 2018 was CNY 24,216,958.18, significantly higher than CNY 9,946,119.18 in Q1 2017, showing an increase of approximately 143.5%[43] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥1,340,076,460.91, representing a 3.01% increase from the end of the previous year[7] - The net assets attributable to shareholders increased by 3.62% to ¥812,485,401.33 compared to the end of the previous year[7] - Total liabilities amounted to CNY 575,490,193.59, compared to CNY 569,819,987.78 at the beginning of the period[39] - Non-current assets totaled CNY 322,661,673.53, up from CNY 311,047,383.94 at the beginning of the period[38] Cash Flow - The net cash flow from operating activities was negative at -¥90,421,637.97, worsening by 100.88% compared to the previous year[7] - The company's cash and cash equivalents decreased by 34.26% to RMB 199.74 million, primarily due to reduced collections and increased payments for goods[17] - The cash flow from operating activities included CNY 51,472,291.33 from sales of goods and services, indicating strong cash generation capabilities[48] - Total cash inflow from operating activities was 64,011,510.79 CNY, down from 94,830,488.48 CNY, representing a decrease of about 32.6%[49] - The ending balance of cash and cash equivalents was 188,529,716.83 CNY, down from 301,434,711.83 CNY, reflecting a decrease of approximately 37.4%[50] Shareholder Information - The company has a total of 14,679 common shareholders as of the end of the reporting period[13] - The largest shareholder, Shao Jianwei, holds 46.12% of the shares, with 9,400,000 shares pledged[13] Operational Highlights - The company signed key project contracts totaling RMB 608.43 million as of March 31, 2018, with various projects in progress[20] - The company has expanded its product applications across various industries, including tobacco, new energy, and pharmaceuticals, indicating a broad market outlook[19] Cost Management - The gross profit margin for the company was impacted by a 156.51% increase in operating costs, reaching RMB 74.10 million[17] - The company’s management expenses rose by 52.71% to RMB 21.90 million, driven by increased personnel and operational costs[17] - The company incurred sales expenses of CNY 5,511,578.70 in Q1 2018, a decrease from CNY 6,846,523.86 in the same quarter last year, indicating improved cost control in sales[45] Investment and Financing - The total amount of raised funds was 308.37 million yuan, with 4.23 million yuan invested in the current quarter and a cumulative investment of 242.97 million yuan[25] - The company has a remaining unutilized raised fund and interest totaling 6.72 million yuan, stored in four designated bank accounts[26] Tax and Financial Efficiency - The company reported a tax expense of CNY 2,410,538.81 for Q1 2018, a decrease from CNY 4,030,822.24 in Q1 2017, reflecting a more favorable tax position[42] - The financial expenses for Q1 2018 were reported at CNY -392,900.15, compared to CNY -197,055.90 in Q1 2017, suggesting a rise in financial efficiency[45] Inventory and Receivables - The company reported a significant increase in accounts receivable, with balances rising to ¥56,399.38 million, accounting for 42.09% of total assets[11] - Accounts receivable increased from 454.86 million yuan to 527.98 million yuan during the reporting period[33] - Inventory decreased from 117.20 million yuan to 110.75 million yuan[33]