NWM(SH:603700)2019-04-29 16:00Financial Performance - Operating revenue for the first quarter reached CNY 235,294,703.86, representing a growth of 24.05% year-on-year[7] - Net profit attributable to shareholders of the listed company was CNY 24,976,762.23, up 21.55% from the same period last year[7] - The net profit after deducting non-recurring gains and losses was CNY 24,729,939.61, an increase of 21.25% year-on-year[7] - Basic and diluted earnings per share were both CNY 0.17, down 5.56% compared to the previous year[7] - Total operating revenue for Q1 2019 reached ¥235,294,703.86, a 24.1% increase from ¥189,679,199.52 in Q1 2018[27] - Net profit for Q1 2019 was ¥24,776,967.03, up 22.3% from ¥20,303,208.16 in Q1 2018[28] - Operating profit for Q1 2019 was ¥28,547,902.14, representing a 19.4% increase compared to ¥23,878,104.70 in Q1 2018[28] - Total profit for Q1 2019 was ¥28,835,949.15, compared to ¥24,018,137.46 in Q1 2018, marking a 20.5% increase[28] Assets and Liabilities - Total assets increased by 69.32% to CNY 1,396,188,977.10 compared to the end of the previous year[7] - The company's total equity attributable to shareholders increased by 121.81% to ¥1,133,249,721.80, reflecting the impact of the initial public offering[15] - Current liabilities decreased to ¥252,749,559.28 from ¥303,691,077.25, a reduction of about 16.8%[22] - Total liabilities decreased to ¥261,131,904.08 from ¥311,669,239.72, a reduction of about 16.2%[22] - Non-current liabilities totaled ¥8,382,344.80, up from ¥7,978,162.47, marking an increase of approximately 5.0%[22] Cash Flow - The company reported a net cash flow from operating activities of CNY -137,638,326.51, indicating a decrease compared to the previous year[7] - The company reported a decrease in financial expenses to ¥975,971.88 in Q1 2019 from ¥4,242,308.26 in Q1 2018, a reduction of 77.0%[27] - The net cash outflow from investing activities was ¥374,436,438.25, significantly higher than the previous year's outflow of ¥3,810,340.84, due to increased investments in financial products[15] - The net cash inflow from financing activities was ¥590,623,976.17, resulting from the funds raised through the initial public offering[15] - The company reported a total cash outflow from investing activities of 374,441,289.97 RMB, significantly higher than 23,896,836.92 RMB in the previous year[34] Shareholder Information - The total number of shareholders reached 20,894 at the end of the reporting period[11] - The top ten shareholders held a total of 75.56% of the shares, with the largest shareholder owning 19.80%[11] Expenses - Sales expenses grew by 37.14% to ¥21,004,033.92, attributed to increased logistics and technical support costs related to the growth in smart water meter business[15] - Management expenses increased by 37.48% to ¥13,113,409.35, primarily due to higher salaries, meeting costs, and external promotion expenses[15] - Research and development expenses increased to ¥6,669,314.56 in Q1 2019, up from ¥5,936,681.00 in Q1 2018, reflecting a growth of 12.4%[27] - Total operating costs for Q1 2019 were ¥208,432,275.47, a 23.8% increase from ¥168,399,321.19 in Q1 2018[27] Other Financial Metrics - The weighted average return on equity decreased by 2.08 percentage points to 2.71%[7] - Non-recurring gains and losses amounted to CNY 246,822.62 for the period[10] - Cash received from sales of goods and services in Q1 2019 was ¥156,278,760.16, an increase from ¥151,850,263.19 in Q1 2018[32] - The company received tax refunds of 5,471,214.81 RMB, up from 2,138,375.23 RMB in the previous year, indicating improved tax recovery[33]