Neoway(SH:688159)2021-04-28 16:00Financial Performance - Operating revenue for the period was CNY 131,076,367.46, representing a growth of 14.26% year-on-year[5] - Net profit attributable to shareholders was CNY -23,923,018.46, a decline of 148.34% compared to the same period last year[5] - Basic and diluted earnings per share were both CNY -0.26, a decrease of 136.36% compared to the previous year[5] - The company reported non-recurring gains of CNY 1,770,021.87 for the period[10] - The weighted average return on net assets was -2.88%, a decrease of 1.65 percentage points from the previous year[5] - Total operating revenue for Q1 2021 was CNY 131,076,367.46, an increase of 14.5% compared to CNY 114,714,005.47 in Q1 2020[30] - Net loss for Q1 2021 was CNY -23,923,018.46, compared to a net loss of CNY -9,633,019.08 in Q1 2020, representing a significant increase in losses[31] - The total comprehensive income for Q1 2021 was -¥23,212,237.69, compared to -¥4,903,770.10 in Q1 2020, indicating a worsening financial position[33] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 1,310,851,490.61, an increase of 1.01% compared to the end of the previous year[5] - The company's total liabilities as of March 31, 2021, were 491,920,087.09 RMB, compared to 454,899,194.77 RMB at the end of 2020[23] - The company's total assets amounted to 1,311,456,255.00 RMB, compared to 1,280,418,697.74 at the end of Q1 2020[27] - The total liabilities for Q1 2021 were CNY 455,702,608.13, an increase from CNY 401,452,813.18 in Q1 2020[27] - The total liabilities rose from 454,899,194.77 RMB to 465,771,204.30 RMB, indicating an increase of 2.4%[42] Cash Flow - The net cash flow from operating activities improved to CNY -57,213,824.67, a 43.27% increase compared to the previous year[5] - Cash flow from operating activities improved by 43.27%, with a net cash outflow of RMB -57,213,824.67 compared to RMB -100,852,885.48 in the previous year[16] - The net cash flow from financing activities was 56,214,212.00 RMB, down 86.40% year-over-year, primarily due to funds raised from the initial public offering in the same period last year[17] - The net cash flow from operating activities was -¥57,213,824.67, an improvement from -¥100,852,885.48 in Q1 2020[35] - The net cash flow from financing activities was ¥56,214,212.00, a decrease from ¥413,466,331.45 in Q1 2020, suggesting reduced financing activities[36] Research and Development - Research and development expenses accounted for 16.85% of operating revenue, an increase of 1.62 percentage points year-on-year[7] - Research and development expenses for Q1 2021 were CNY 22,082,053.22, an increase of 26.5% from CNY 17,472,020.81 in Q1 2020[30] - Research and development expenses rose to ¥21,006,854.69, up 27% from ¥16,513,978.26 in Q1 2020, reflecting the company's commitment to innovation[32] Shareholder Information - The total number of shareholders at the end of the reporting period was 5,650[12] - The largest shareholder, Shenzhen Jisr Investment Co., Ltd., held 21,641,000 shares, representing 23.61% of the total shares[12] Other Financial Metrics - Prepayments increased by 138.01% to RMB 17,105,951.88 due to upstream chip shortages and extended delivery times[15] - Construction in progress rose by 54.74% to RMB 34,889,969.46, attributed to renovations at the Songshan Lake R&D center[15] - Short-term borrowings increased by 30.65% to RMB 219,537,774.55, primarily due to additional bank loans[16] - Tax payable decreased by 36.40% to RMB 746,727.93, mainly due to lower cumulative individual income tax at the beginning of the year[16] - Other current liabilities surged by 212.48% to RMB 11,787,212.34, driven by an increase in sales tax payable at the end of the reporting period[16] - Financial expenses rose by 85.52% to RMB 3,255,847.42, reflecting increased interest expenses from bank loans[16] - Investment income increased by 449.02% to RMB 969,979.80, due to a rise in the amount of investment financial products maturing during the period[16] - Other income decreased by 42.72% to RMB 1,030,497.97, attributed to a reduction in government subsidies received[16] - Credit impairment losses significantly worsened by 443.01%, amounting to RMB -1,050,355.53, due to an increase in accounts receivable[16]