NHPM(SH:601882)2021-04-16 16:00Financial Performance - Operating revenue surged by 99.47% to CNY 539,100,403.83 year-on-year[11] - Net profit attributable to shareholders increased by 439.14% to CNY 62,117,696.05 compared to the same period last year[11] - Basic earnings per share rose by 438.46% to CNY 0.1190[11] - Total operating revenue for Q1 2021 reached $539.1 million, a significant increase from $270.3 million in Q1 2020, representing a growth of approximately 99.5%[56] - Net profit for Q1 2021 was $62.1 million, up from $11.5 million in Q1 2020, indicating a growth of approximately 438.5%[58] - The company reported a 193.10% increase in income tax expenses to ¥6,062,354.54 from ¥2,068,363.40[19] - The company’s total comprehensive income for Q1 2021 was $62.2 million, compared to $11.8 million in Q1 2020, representing an increase of approximately 426.5%[58] Assets and Liabilities - Total assets increased by 6.35% to CNY 3,163,619,710.50 compared to the end of the previous year[11] - Total liabilities rose to ¥1,701,790,611.49, compared to ¥1,575,718,905.46, marking an increase of about 8.0%[46] - The company's equity attributable to shareholders reached ¥1,461,829,099.01, up from ¥1,398,968,359.35, reflecting a growth of approximately 4.5%[46] - Accounts receivable increased by 56.82% to ¥624,111,557.85 from ¥397,989,811.77[19] - Other non-current assets increased by 464.82% to ¥5,111,700.00 from ¥905,006.20[19] - The total assets increased to ¥3,163,619,710.50 from ¥2,974,687,264.81, reflecting overall growth[44] Cash Flow - Net cash flow from operating activities decreased significantly by 2,910.61% to -CNY 135,984,353.40[11] - The net cash flow from operating activities was negative at -¥135,984,353.40, compared to ¥4,838,256.57 in the previous period[21] - Cash inflows from operating activities totaled ¥399.61 million in Q1 2021, up from ¥322.56 million in Q1 2020, reflecting a growth of approximately 24%[66] - The net cash flow from investing activities was negative at ¥37.51 million in Q1 2021, down from a positive cash flow of ¥8.60 million in Q1 2020[70] Research and Development - Research and development expenses increased by 51.64% to ¥19,987,083.25 from ¥13,180,224.78[19] - The company is investing $200 million in R&D for new technologies aimed at enhancing user experience and product efficiency[71] Market and Growth Strategy - The company plans to continue expanding its market presence and invest in new product development[11] - Market expansion efforts in Europe have resulted in a 25% increase in market share over the past year[71] - The company plans to enter the Asian market by Q1 2024, targeting a revenue contribution of $1 billion within the first year[71] Shareholder Information - The total number of shareholders at the end of the reporting period was 16,470[18] - The top shareholder, Ningbo Haitian Co., Ltd., holds 38.69% of the shares[18] Operational Efficiency - Operating costs increased by 91.71% to ¥411,571,007.30 from ¥214,679,487.78[19] - Operational costs were reduced by 10% due to improved efficiency measures implemented in the last quarter[71]