NWM(SH:603700)2021-04-26 16:00Financial Performance - Operating revenue increased by 19.52% to CNY 282,532,300.59 year-on-year[5] - Net profit attributable to shareholders increased by 27.47% to CNY 42,211,074.62 compared to the same period last year[5] - Basic and diluted earnings per share rose by 31.25% to CNY 0.21[5] - Total operating revenue for Q1 2021 was CNY 282,532,300.59, an increase of 19.5% compared to CNY 236,391,190.90 in Q1 2020[28] - Net profit for Q1 2021 reached CNY 42,023,166.93, representing a 27.5% increase from CNY 32,949,389.29 in Q1 2020[29] - Earnings per share for Q1 2021 were CNY 0.21, compared to CNY 0.16 in Q1 2020[29] Assets and Liabilities - Total assets decreased by 6.18% to CNY 1,932,593,359.72 compared to the end of the previous year[5] - The company's current assets totaled CNY 1,671,193,618.80, down from CNY 1,818,261,596.65 at the end of 2020, indicating a decrease of about 8.08%[20] - The company's total liabilities decreased to CNY 445,605,271.16 from CNY 605,864,475.30, a reduction of approximately 26.43%[22] - Total liabilities decreased to CNY 412,767,887.71 in Q1 2021 from CNY 581,577,152.06 in Q1 2020[25] - The company’s total assets as of Q1 2021 amounted to 2,059,923,483.00 RMB, slightly down from 2,060,942,871.12 RMB at the beginning of the year[40] Cash Flow - The net cash flow from operating activities was CNY -178,715,549.57, showing a slight improvement from CNY -178,861,028.17 in the previous year[5] - The net cash flow from investing activities was RMB -7,421,273.38, a significant improvement compared to RMB -106,160,353.05 in the same period last year[14] - Cash flow from operating activities showed a net outflow of ¥178,715,549.57, slightly improved from a net outflow of ¥178,861,028.17 in Q1 2020[35] - The company reported a cash flow from financing activities of -20,367,208.06 RMB in Q1 2021, indicating no new financing was secured during the period[38] Shareholder Information - The total number of shareholders reached 13,230 by the end of the reporting period[9] - The largest shareholder, Zhang Shihua, holds 19.80% of the shares, totaling 40,233,657 shares[9] - The company repurchased a total of 1,080,036 shares, accounting for 0.53% of the total share capital, at an average price of RMB 27.65 per share, totaling RMB 29,861,141.78[15] Research and Development - Research and development expenses increased by 61.70% to RMB 13,966,069.70, reflecting the company's ongoing investment in smart water management hardware and software platforms[13] - Research and development expenses for Q1 2021 amounted to CNY 13,966,069.70, a significant increase of 61.5% from CNY 8,637,097.54 in Q1 2020[28] Government Subsidies - Non-recurring gains and losses totaled CNY 13,032,878.88, primarily from government subsidies[8] - The company received CNY 11,948,059.99 in government subsidies related to industrial support during the reporting period[8] - Other income rose by 99.67% to RMB 4,540,614.97, mainly due to an increase in government subsidies received[14] - The company reported a 243.29% increase in non-operating income to RMB 10,872,090.29, attributed to higher government subsidies[14] Inventory and Accounts Receivable - Accounts receivable financing decreased by 34.56% to RMB 21,154,650.50, primarily due to the transfer and maturity of receivable notes[13] - Accounts receivable increased to CNY 580,758,428.37 from CNY 525,073,362.38, marking an increase of about 10.59%[20] - The inventory balance as of March 31, 2021, was CNY 337,285,628.99, up from CNY 317,125,543.34, indicating an increase of about 6.67%[20] Employee Stock Ownership Plan - The company plans to implement an employee stock ownership plan for 2021 to 2023, which was approved by the board[16] - The company has established an employee stock ownership plan for 2021-2023, which was approved in the shareholder meeting held on March 23, 2021[17] - The first meeting of the employee stock ownership plan management committee was held on March 29, 2021, to oversee the implementation of the plan[18]