NTI(SZ:300532)2025-04-28 17:00Financial Performance - The company's operating revenue for Q1 2025 was CNY 705,373,882.71, representing a decrease of 8.25% compared to CNY 768,761,706.03 in the same period last year[4] - Net profit attributable to shareholders was CNY 69,909,924.40, down 28.69% from CNY 98,032,891.24 year-on-year[4] - Basic and diluted earnings per share decreased by 31.82%, from CNY 0.32 to CNY 0.15[4] - The net profit attributable to the parent company was 69,909,924.40, a decrease from 98,032,891.24 in the previous period, representing a decline of approximately 29.0%[15] - The total comprehensive income attributable to the parent company was 69,870,463.74, down from 98,035,931.10, indicating a decrease of about 29.0%[15] Cash Flow - The net cash flow from operating activities improved by 52.84%, reaching CNY -172,748,811.98 compared to CNY -366,315,283.24 in the previous year[4] - Cash inflows from operating activities totaled 563,241,716.18, an increase from 425,968,674.28, representing a growth of about 32.3%[17] - Cash outflows from operating activities were 735,990,528.16, a decrease from 792,283,957.52, indicating a reduction of approximately 7.1%[17] - The net cash flow from investing activities was -710,049,502.65, worsening from -350,222,708.14, indicating an increase in cash outflows[18] - The net cash flow from financing activities was -38,756,038.12, a decrease from 59,661,816.68, reflecting a significant change in financing strategy[18] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,491,970,932.34, a decrease of 0.86% from CNY 4,530,962,246.66 at the end of the previous year[4] - Total current assets amounted to ¥4,177,236,472.55, a slight decrease of 0.79% from ¥4,210,357,477.06 at the beginning of the period[11] - Total liabilities decreased to ¥2,732,020,145.25, down 3.83% from ¥2,840,881,923.31 at the beginning of the period[13] - Total equity attributable to shareholders increased to ¥1,759,950,787.09, up 4.12% from ¥1,690,080,323.35 at the beginning of the period[13] Expenses - Total operating costs decreased to ¥636,801,307.75, down 4.83% from ¥653,891,494.61 in the previous period[14] - Research and development expenses were ¥30,778,290.11, a decline of 19.73% compared to ¥38,353,935.62 in the previous period[14] - Sales expenses decreased by 36.23%, totaling CNY 12,236,620.00, primarily due to reduced employee incentive compensation[7] - Tax expenses decreased by 39.63% to 7,309,411.18, due to a reduction in taxable income[8] - Cash paid for various taxes increased by 254.24% to 104,405,959.40, mainly due to higher VAT and additional taxes[8] Receivables and Cash Equivalents - The company's cash and cash equivalents decreased by 66.09%, from CNY 1,382,662,327.05 to CNY 468,876,133.42, primarily due to the presence of unexpired bank wealth management products[7] - Accounts receivable financing increased significantly by 349.72%, from CNY 94,369,698.48 to CNY 424,394,787.10, attributed to an increase in bank acceptance bills received from customers[7] - Accounts receivable decreased to ¥652,420,758.61, down 13.87% from ¥757,126,548.43 at the beginning of the period[11] - The ending cash and cash equivalents balance was 411,586,090.64, down from 578,929,590.35, representing a decline of approximately 29.0%[18] Other Income and Charges - Government subsidies recognized during the period increased by 35.78%, amounting to CNY 6,339,973.58 compared to CNY 4,669,463.08 in the previous year[7] - Investment income decreased by 100.00% due to unredeemed bank wealth management products during the reporting period[8] - Fair value changes resulted in an income of 1,968,759.17, compared to 0.00 in the previous year[8] - Credit impairment losses decreased by 82.32% to -1,316,599.40, attributed to a reduction in accounts receivable[8] - Other operating income surged by 4116.10% to 124,000.04, reflecting a significant increase compared to the previous year[8] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 29,330[9] - The largest shareholder, Shao Jianwei, holds 34.83% of shares, with 72,500,000 shares pledged[9] Audit Information - The company did not undergo an audit for the first quarter report[19]