NWM(SH:603700)2020-04-28 16:00Financial Performance - Net profit attributable to shareholders increased by 32.58% to CNY 33,114,032.41 year-on-year[5] - Operating revenue slightly increased by 0.47% to CNY 236,391,190.90 compared to the same period last year[5] - Basic earnings per share rose by 23.53% to CNY 0.21[6] - The company reported a net profit excluding non-recurring gains and losses of CNY 28,483,359.56, an increase of 15.18% year-on-year[5] - Operating profit for Q1 2020 was CNY 35,899,227.67, representing an increase of 25.5% from CNY 28,547,902.14 in Q1 2019[26] - Net profit for the period reached CNY 38,066,301.66, up from CNY 28,835,949.15 in the previous year, indicating a growth of 32.5%[26] - The total comprehensive income for Q1 2020 was approximately ¥32.95 million, an increase of 32.5% from ¥24.78 million in Q1 2019[28] Assets and Liabilities - Total assets decreased by 4.88% to CNY 1,617,605,842.08 compared to the end of the previous year[5] - Total assets as of March 31, 2020, were CNY 1,595,556,312.75, a decrease from CNY 1,676,972,915.27 at the end of Q1 2019[24] - Total liabilities decreased to CNY 330,259,988.73 from CNY 446,376,061.50, primarily due to a reduction in accounts payable[19] - Total liabilities decreased to CNY 317,203,325.75 from CNY 431,409,378.27, reflecting a reduction of approximately 26.4%[24] - Total liabilities amounted to ¥454,522,451.83, with current liabilities at ¥446,376,061.50 and non-current liabilities at ¥8,146,390.33[39] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 178,861,028.17, compared to a net outflow of CNY 137,638,326.51 in the previous year[5] - Net cash flow from operating activities was negative at ¥-178,861,028.17, worsening from ¥-137,638,326.51 in the previous year, due to seasonal cash collection and increased cash payments for raw materials[14] - The total cash outflow from operating activities was 338,495,463.96 RMB, compared to 287,602,654.93 RMB in the previous year, reflecting an increase of approximately 17.7%[35] - The company reported a cash flow net increase of -284,254,308.20 RMB, contrasting with an increase of 77,636,693.04 RMB in the previous year[35] - Cash inflow from financing activities amounted to 612,562,698.00 RMB, while cash outflow was 21,938,721.83 RMB, resulting in a net cash flow of 590,623,976.17 RMB[36] Shareholder Information - The number of shareholders reached 8,160 at the end of the reporting period[10] - The top shareholder, Zhang Shihao, holds 19.80% of the shares, totaling 30,948,967 shares[10] Government Subsidies and Other Income - The company received government subsidies amounting to CNY 3,656,534.20, which are closely related to its normal business operations[7] - Other income increased by 999.11% to ¥3,167,073.99 from ¥288,148.01, mainly due to increased government subsidies received[13] Research and Development - Research and development expenses rose by 29.51% to ¥8,637,097.54 from ¥6,669,314.56, attributed to an increase in R&D personnel[13] - Research and development expenses rose to approximately ¥7.79 million in Q1 2020, up 25.7% from ¥6.20 million in Q1 2019[31] Investment and Financial Assets - Trading financial assets increased by 30.29% to ¥456,000,060.00 from ¥350,000,000.00, primarily due to an increase in investment financial products[12] - Investment income surged by 1419.25% to ¥2,461,803.33 from ¥162,040.72, mainly due to increased financial investment returns[13] Inventory and Receivables - Accounts receivable notes decreased by 77.78% to ¥9,278,168.52 from ¥41,747,076.05, mainly due to the maturity of bank acceptance bills during the reporting period[12] - Accounts receivable rose to CNY 439,360,070.49, up from CNY 338,252,292.94, indicating an increase of 29.9%[23] - Inventory increased to CNY 294,133,729.43 from CNY 270,603,148.96, reflecting a growth of 8.7%[23]