NJTC(SH:601975)2021-04-22 16:00Financial Performance - Net profit attributable to shareholders decreased by 86.05% to CNY 105,905,811.80 from CNY 758,924,154.04 in the same period last year[12] - Operating revenue declined by 14.26% to CNY 910,152,247.17 compared to CNY 1,061,471,999.42 in the previous year[12] - Basic earnings per share fell by 85.82% to CNY 0.02 from CNY 0.15 in the same period last year[12] - Operating profit decreased by 48.39% to CNY 144,941,443.79 from CNY 280,861,404.78[22] - Total profit fell by 81.19% to CNY 144,941,443.79 from CNY 770,720,936.64[22] - Net profit for Q1 2021 was ¥108,792,773.25, compared to a net loss of ¥760,957,100.85 in Q1 2020, indicating a significant turnaround[50] - The net profit attributable to shareholders of the parent company for Q1 2021 was ¥105,905,811.80, compared to ¥758,924,154.04 in Q1 2020[50] - Net profit for Q1 2021 was RMB 89.95 million, a significant decline of 86.3% compared to RMB 656.68 million in Q1 2020[54] - Total comprehensive income for Q1 2021 was RMB 89.95 million, a decrease of 86.3% from RMB 656.68 million in Q1 2020[56] Cash Flow - Net cash flow from operating activities dropped by 71.52% to CNY 177,079,598.32 from CNY 621,695,073.53 year-on-year[12] - Cash flow from operating activities decreased by 71.52% to CNY 177,079,598.32 from CNY 621,695,073.53[22] - Cash inflow from operating activities totaled ¥581,474,778.15, down 42.3% from ¥1,008,432,643.73 in the same period last year[60] - The net cash flow from operating activities for Q1 2021 was ¥163,701,891.17, a decrease of 70% compared to ¥546,357,124.75 in Q1 2020[60] - Cash and cash equivalents decreased by RMB 7.37 million in Q1 2021, contrasting with an increase of RMB 380.28 million in Q1 2020[59] Assets and Liabilities - Total assets increased by 2.34% to CNY 8,925,812,654.83 compared to the end of the previous year[12] - Total liabilities increased to ¥2,971,596,047.39 from ¥2,873,969,355.39, marking an increase of around 3.99%[37] - Current liabilities rose to ¥1,064,329,406.56 compared to ¥1,040,303,552.23, reflecting a growth of approximately 2.78%[35] - Total liabilities as of the end of the reporting period were ¥1,887,983,201.44, a decrease from ¥1,905,134,913.26 at the end of the previous period[48] - Total equity increased to ¥5,193,318,900.40 from ¥5,103,367,966.28 in the previous period, reflecting a growth of 1.77%[48] - Total assets as of the end of Q1 2021 were ¥8,721,334,902.51, a slight decrease from ¥8,764,794,028.77 at the end of the previous year[64] Shareholder Information - The total number of shareholders at the end of the reporting period was 137,432[20] - The largest shareholder, China Ocean Shipping Group Company, held 27.47% of the shares[20] Government Support and Subsidies - The company received government subsidies amounting to CNY 248,249.97 during the reporting period[14] Operational Efficiency and Future Plans - The company aims to improve operational efficiency and reduce costs in the upcoming quarters to enhance profitability[48] - The company plans to repurchase shares at a price not exceeding CNY 3.5 per share, with a total fund of CNY 100 million to 200 million[28] Other Financial Metrics - The weighted average return on net assets decreased by 13.14 percentage points to 1.83% from 14.97%[12] - Tax payable increased by 358.19% to CNY 33,154,551.66 from CNY 7,236,017.28[22] - Research and development expenses were not explicitly reported, indicating a potential area for future focus[48] - The company has not disclosed any new product or technology developments in this report[12]