NWM(SH:603700)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 312,136,244.40, representing a year-on-year increase of 27.69%[5] - The net profit attributable to shareholders for the same period was CNY 10,234,122.90, reflecting a significant increase of 71.54% compared to the previous year[5] - Basic and diluted earnings per share both stood at CNY 0.05, marking a growth of 66.67% year-on-year[6] - Total operating revenue for Q1 2023 reached CNY 312,136,244.40, a 27.7% increase from CNY 244,440,880.76 in Q1 2022[20] - Net profit for Q1 2023 was CNY 10,069,697.67, representing a 73.5% increase compared to CNY 5,802,254.77 in Q1 2022[21] - Earnings per share for Q1 2023 were CNY 0.05, up from CNY 0.03 in Q1 2022[22] Cash Flow - The net cash flow from operating activities was negative at CNY -114,057,957.45, indicating a cash outflow[5] - Cash flow from operating activities in Q1 2023 was negative CNY 114,057,957.45, an improvement from negative CNY 197,306,913.05 in Q1 2022[24] - Cash inflow from operating activities totaled CNY 409,737,644.24, compared to CNY 295,040,311.44 in Q1 2022[24] - Cash outflow from operating activities was CNY 523,795,601.69, up from CNY 492,347,224.49 in Q1 2022[24] - Investment activities generated a net cash outflow of CNY 22,395,155.08 in Q1 2023, compared to a net inflow of CNY 52,094,017.22 in Q1 2022[24] - Financing activities resulted in cash inflow of CNY 126,000,000.00 in Q1 2023, significantly higher than CNY 19,590,000.00 in Q1 2022[24] - Total cash inflow from financing activities amounted to $126 million, compared to $19.59 million in the previous period[25] - Cash outflow for debt repayment was $80 million, up from $5.6 million year-over-year[25] - Net cash flow from financing activities was $44.96 million, an increase from $7.73 million in the prior period[25] - The impact of exchange rate changes on cash and cash equivalents was a decrease of $716,116.28[25] - The net increase in cash and cash equivalents was a decrease of $92.21 million, compared to a decrease of $137.77 million previously[25] - The ending balance of cash and cash equivalents was $318.79 million, down from $389.13 million in the previous period[25] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,246,584,628.12, a decrease of 4.42% from the end of the previous year[6] - As of March 31, 2023, the company's total assets amounted to CNY 2,246,584,628.12, a decrease from CNY 2,350,421,284.77 as of December 31, 2022, representing a decline of approximately 4.4%[17] - The company's current assets totaled CNY 1,564,439,761.59, down from CNY 1,673,854,906.22, indicating a decrease of about 6.5%[18] - The company's cash and cash equivalents were CNY 328,498,221.12, a decrease from CNY 427,998,035.03, reflecting a decline of approximately 23.3%[17] - Accounts receivable stood at CNY 746,958,434.23, slightly down from CNY 752,206,154.13, showing a decrease of about 0.7%[17] - The total liabilities of the company were CNY 701,091,354.45, down from CNY 817,887,215.75, representing a reduction of approximately 14.3%[19] - The company's total equity was CNY 1,545,493,273.67, reflecting a decrease from CNY 1,532,534,068.02, indicating a slight increase of about 0.8%[19] - The company reported a decrease in inventory to CNY 424,839,068.76 from CNY 424,492,446.60, which is an increase of approximately 0.8%[18] - Short-term borrowings increased to CNY 132,087,388.88 from CNY 86,066,000.00, representing an increase of about 53.5%[19] - The company’s accounts payable decreased to CNY 330,942,290.74 from CNY 427,862,626.77, indicating a decline of approximately 22.7%[19] - The company’s long-term investments remained stable at CNY 69,061,372.07, slightly down from CNY 69,291,013.01, reflecting a decrease of about 0.3%[18] Expenses - The company experienced a 41.87% increase in selling expenses, attributed to business expansion and enhanced service-related costs[11] - Total operating costs for Q1 2023 were CNY 314,419,976.86, up 26.7% from CNY 248,180,976.08 in Q1 2022[20] - The company reported a government subsidy of CNY 5,431,052.32 included in non-operating income[7]