NWM(SH:603700)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥244,440,880.76, representing a decrease of 13.48% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥5,966,081.81, down 85.87% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥4,316,088.61, a decline of 114.79%[5]. - The basic earnings per share for the period was ¥0.03, reflecting a decrease of 85.71%[6]. - Total operating revenue for Q1 2022 was CNY 244,440,880.76, a decrease of 13.5% compared to CNY 282,532,300.59 in Q1 2021[22]. - Net profit for Q1 2022 was CNY 5,802,254.77, a significant decline of 86.2% from CNY 42,023,166.93 in Q1 2021[24]. - Operating profit for Q1 2022 was CNY 1,722,316.31, down from CNY 36,982,799.90 in Q1 2021[23]. - Basic earnings per share for Q1 2022 were CNY 0.03, compared to CNY 0.21 in Q1 2021[24]. Cash Flow and Assets - The net cash flow from operating activities was -¥197,306,913.05, which is not applicable for comparison[5]. - Cash flow from operating activities in Q1 2022 was a net outflow of CNY 197,306,913.05, compared to a net outflow of CNY 178,715,549.57 in Q1 2021[26]. - Cash inflow from operating activities totaled CNY 295,040,311.44, while cash outflow was CNY 492,347,224.49 in Q1 2022[26]. - The total assets at the end of the reporting period were ¥2,116,054,061.44, down 4.72% from the end of the previous year[6]. - The company's total current assets decreased from 1,813,260,040.57 RMB at the end of 2021 to 1,667,346,722.20 RMB as of March 31, 2022, a decline of approximately 8%[18]. - Cash and cash equivalents decreased from 541,653,970.89 RMB to 413,149,577.87 RMB, a reduction of about 24%[18]. - The total cash inflow from financing activities was $19,590,000.00, an increase from $14,000,000.00 in the prior period[27]. - The net cash flow from financing activities was $7,727,142.90, improving from a negative cash flow of $6,368,608.06 in the previous period[27]. - The cash and cash equivalents at the end of the period totaled $389,132,368.12, down from $526,902,387.88 at the beginning of the period[27]. Liabilities and Equity - The total liabilities as of Q1 2022 were CNY 511,600,942.51, down from CNY 624,651,476.97 in the previous year[23]. - Total current liabilities decreased from 614,705,561.51 RMB to 501,351,820.68 RMB, a reduction of approximately 18.4%[19]. - Total equity attributable to shareholders was CNY 1,604,576,080.07, slightly up from CNY 1,596,294,758.44 in Q1 2021[23]. Operational Challenges - The company faced challenges in business operations due to the recurring pandemic, affecting revenue recognition and order fulfillment[10]. - The company reported a decrease in government subsidies compared to the previous year, impacting overall profitability[11]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 15,302[14]. - The largest shareholder, Zhang Shihua, holds 40,233,657 shares, representing 19.8% of total shares[15]. - The company has signed a concerted action agreement among several major shareholders, indicating potential strategic alignment[15]. Research and Development - Research and development expenses for Q1 2022 were CNY 16,952,733.22, an increase from CNY 13,966,069.70 in Q1 2021[23]. Asset Management - The company has a total of 448,707,339.24 RMB in non-current assets as of March 31, 2022, compared to 407,727,060.74 RMB at the end of 2021, reflecting an increase of about 10%[19]. - The company reported a significant decrease in employee compensation payable from 42,026,516.17 RMB to 10,906,833.19 RMB, a drop of approximately 74%[19]. Accounting Standards - The company did not apply the new accounting standards for the current year[28].