Niutech(SH:688309)2021-04-27 16:00Financial Performance - Operating revenue for the current period was CNY 19,587,939.42, down 4.15% from CNY 20,436,989.15 in the same period last year[5] - Net profit attributable to shareholders of the listed company was CNY 1,218,566.05, a decrease of 67.06% compared to CNY 3,698,846.89 in the previous year[5] - Basic and diluted earnings per share were both CNY 0.0303, down 63.18% from CNY 0.0823 in the same period last year[5] - Total profit decreased by 49.19% to CNY 2.92 million, primarily due to a temporary decline in project gross margin[14] - Net profit decreased by 50.99% to CNY 2.42 million, attributed to a temporary decline in project gross margin compared to the same period last year[14] - Comprehensive income for Q1 2021 was ¥2,420,763.72, a decrease of 51.0% from ¥4,938,976.89 in Q1 2020[30] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 17,613,268.84, a significant decrease compared to a net inflow of CNY 921,349.09 in the previous year, representing a decline of 2,011.68%[5] - Operating cash flow net amount was CNY -17.61 million, indicating a significant decrease in cash received through bank settlements[14] - The net cash flow from operating activities for Q1 2021 was -17,613,268.84 RMB, a significant decline compared to 921,349.09 RMB in Q1 2020[32] - Cash inflow from operating activities totaled 9,761,009.32 RMB in Q1 2021, down 60.9% from 24,968,445.66 RMB in Q1 2020[31] - Cash outflow from operating activities increased to 27,374,278.16 RMB in Q1 2021, compared to 24,047,096.57 RMB in Q1 2020, reflecting a rise of 9.6%[31] - Total cash inflow from operating activities was significantly impacted by a decrease in cash received from sales, which fell to 9,292,171.44 RMB from 22,786,610.75 RMB year-over-year[33] Assets and Liabilities - Total assets at the end of the reporting period were CNY 772,247,278.96, a decrease of 1.37% compared to the end of the previous year[5] - Total liabilities decreased from ¥71,337,241.38 to ¥56,040,820.09, a reduction of approximately 21.5%[19] - Total equity increased from ¥711,643,692.31 to ¥716,206,458.87, an increase of about 0.79%[20] - Current assets decreased from ¥628,855,194.10 to ¥619,576,063.45, a decline of about 3.06%[19] - Cash and cash equivalents decreased from ¥94,627,964.89 to ¥92,938,431.87, a decline of approximately 1.79%[18] Shareholder Information - The total number of shareholders at the end of the reporting period was 6,452[11] - The largest shareholder, Ningbo Meishan Free Trade Port Area Junlong Investment Management Partnership, held 34.39% of the shares[11] Research and Development - R&D expenses accounted for 8.47% of operating revenue, a decrease of 3.87 percentage points from 12.37% in the previous year[7] - Research and development expenses decreased by 34.24% to CNY 1.66 million, as material costs temporarily reduced[13] - Research and development expenses were ¥1,659,009.46, a decrease of 34.2% from ¥2,522,652.17 in Q1 2020[29] Other Financial Metrics - The weighted average return on net assets decreased by 1.81 percentage points to 0.34%[5] - Financial expenses showed a significant decrease of 167.96%, with interest income from bank deposits increasing and interest expenses decreasing[13] - The company reported non-recurring gains of CNY 1,202,197.67 for the period[8] - Other income decreased significantly to ¥38,100.00 from ¥951,900.00 in Q1 2020[29] - The company reported a credit impairment loss of ¥831,849.66, compared to ¥1,087,383.50 in Q1 2020[29]