NWF(SH:600975)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥367,924,783.94, representing a decrease of 19.02% compared to the same period last year[6]. - The net profit attributable to shareholders was -¥112,084,865.45, a decline of 357.54% year-over-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥168,171,232.09, down 484.08% from the previous year[6]. - The basic earnings per share for the quarter was -¥0.14, reflecting a decrease of 300.00% compared to the same period last year[6]. - Net profit for Q1 2022 was a loss of ¥120,698,283.54, compared to a profit of ¥42,635,923.63 in Q1 2021[32]. - The company's gross profit margin decreased significantly, reflecting the increase in operating costs relative to revenue[30]. - The company reported a total operating profit of approximately -¥188.71 million for Q1 2022, compared to a profit of ¥49.69 million in Q1 2021[47]. Assets and Liabilities - The total assets at the end of the reporting period were ¥5,783,704,960.38, an increase of 6.97% from the end of the previous year[9]. - The equity attributable to shareholders decreased by 5.27% to ¥2,015,310,540.54 compared to the end of the previous year[9]. - The total liabilities of the company were RMB 1,089,330,001.67, a decrease from RMB 1,262,016,004.80 at the end of 2021, reflecting a reduction of approximately 13.69%[24]. - The company's total liabilities increased to ¥3,666,171,997.52 in Q1 2022, compared to ¥3,175,748,652.24 in Q1 2021, showing a rise in financial obligations[30]. - The company's total liabilities were CNY 2,595,520,067.48, compared to CNY 2,365,221,812.17 at the end of 2021[45]. Cash Flow - The net cash flow from operating activities was -¥183,477,426.73, with no applicable year-over-year comparison[6]. - In Q1 2022, the company's cash inflow from operating activities was CNY 410,552,036.94, a decrease of 20.6% compared to CNY 517,199,449.75 in Q1 2021[36]. - The cash inflow from financing activities was CNY 690,281,204.18, an increase from CNY 654,803,099.83 in Q1 2021[37]. - The net cash flow from financing activities was CNY 193,297,413.45, down from CNY 377,334,846.59 in the same quarter last year[37]. - The company's net increase in cash and cash equivalents was CNY -28,581,662.96, compared to an increase of CNY 113,630,572.31 in the same period last year[37]. Expenses - The total operating costs for Q1 2022 were ¥563,206,202.45, an increase of 37.5% from ¥409,232,250.34 in Q1 2021[30]. - Research and development expenses rose to ¥4,765,802.58 in Q1 2022, up from ¥2,593,928.24 in Q1 2021, indicating a focus on innovation[30]. - The company reported a significant increase in financial expenses by 130.34% due to increased bank borrowings and financing interest[9]. - The company incurred financial expenses of approximately ¥19.61 million in Q1 2022, which is a significant increase from ¥9.20 million in Q1 2021[47]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 52,618[12]. - The equity attributable to shareholders decreased to ¥2,015,310,540.54 in Q1 2022 from ¥2,127,395,405.99 in Q1 2021, indicating a decline in shareholder value[30]. Strategic Initiatives - The company is in the process of planning a major asset restructuring, with announcements made on April 16, 2022, and subsequent updates on April 23 and April 28, 2022[18]. - The board of directors approved a proposal for issuing shares and cash to purchase assets and raise supporting funds, indicating a strategic move towards expansion and investment[18].