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] - Total comprehensive income for Q1 2021 was ¥42,715,597.82, compared to ¥32,522,419.69 in Q1 2020, reflecting a growth of 31.3%[32] 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 total assets decreased to CNY 1,898,900,358.08 from CNY 2,034,088,110.68 in the previous year[25] - 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 from CNY 581,577,152.06 year-over-year[25] - 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] Cash Flow - Cash flow from operating activities showed a slight improvement, with a net cash flow of -178,715,549.57, compared to -178,861,028.17 in the previous year[5] - Cash inflow from operating activities totaled ¥299,458,879.42, compared to ¥178,875,930.95 in Q1 2020, marking a significant increase of 67.4%[34] - The net cash flow from operating activities for Q1 2021 was -CNY 175,071,315.38, slightly improved from -CNY 181,037,593.64 in Q1 2020[36] - The net cash flow from investing activities was RMB -7,421,273.38, a significant improvement from RMB -106,160,353.05 in the previous year[14] Shareholder Information - The total number of shareholders reached 13,230 at the end of the reporting period[9] - The largest shareholder, Zhang Shihau, 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 from RMB 8,637,097.54, reflecting the company's ongoing investment in smart water management hardware and software platforms[13] - The company reported a significant increase in research and development expenses, which rose to CNY 13,966,069.70 from CNY 8,637,097.54 in Q1 2020, marking a 61.5% increase[28] Government Support - Government subsidies recognized during the period amounted to CNY 11,948,059.99, primarily from the 2025 Industrial Enterprise Support Fund[8] - Other income increased by 99.67% to RMB 4,540,614.97 from RMB 2,274,068.41, primarily due to increased government subsidies received[14] Inventory and Receivables - Accounts receivable increased to CNY 580,758,428.37 from CNY 525,073,362.38, marking an increase of about 10.59%[20] - Inventory levels rose to CNY 319,855,835.98 from CNY 301,063,996.07, reflecting a 6.2% increase[24] - Other receivables decreased by 42.89% to RMB 10,571,799.47 from RMB 18,510,662.50, mainly due to the receipt of VAT refunds for embedded software products[13] Borrowings and Financial Position - Short-term borrowings increased by 39.88% to RMB 14,000,000.00 from RMB 10,008,797.58, reflecting new bank loans taken during the period[13] - The company reported a significant reduction in short-term borrowings, which increased to CNY 14,000,000.00 from CNY 10,008,797.58, an increase of approximately 39.87%[21]