Niutech(SH:688309)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥49,153,187.02, representing a year-on-year increase of 24.75%[5] - The net profit attributable to shareholders decreased by 9.77% to ¥11,844,265.31 compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was ¥10,523,523.75, down 8.82% year-on-year[5] - Total operating revenue for Q1 2023 was ¥49,153,187.02, an increase of 24.5% compared to ¥39,401,498.09 in Q1 2022[20] - Net profit for Q1 2023 was ¥11,844,265.31, down 9.7% from ¥13,126,021.42 in Q1 2022[21] - Earnings per share for Q1 2023 was ¥0.1480, compared to ¥0.1641 in Q1 2022, reflecting a decrease of 9.5%[22] Cash Flow - The net cash flow from operating activities was negative at -¥2,794,269.04, a decrease of 113.98% compared to the previous year[5] - Cash inflow from operating activities was ¥24,491,494.01 in Q1 2023, significantly lower than ¥57,451,405.04 in Q1 2022, a decline of 57.4%[22] - The net cash flow from operating activities was -2,794,269.04, a significant decrease compared to 19,988,130.94 in the previous year, indicating a decline in operational performance[23] - The total cash outflow from operating activities was 27,285,763.05, compared to 37,463,274.10 in the previous year, indicating a reduction in cash expenses[23] - The net increase in cash and cash equivalents was 22,613,440.76, compared to a decrease of -84,544,571.23 in the same quarter last year, indicating a positive cash position[24] - The ending balance of cash and cash equivalents reached 225,026,623.09, up from 129,809,943.71 year-over-year, reflecting improved liquidity[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥841,569,002.69, an increase of 1.48% from the end of the previous year[6] - The total liabilities as of Q1 2023 were ¥117,646,425.81, a slight increase from ¥117,621,227.32 in Q1 2022[20] - Total equity attributable to shareholders increased to ¥723,922,576.88 in Q1 2023 from ¥711,700,531.29 in Q1 2022, reflecting a growth of 1.9%[20] Research and Development - Research and development expenses totaled ¥3,039,801.00, accounting for 6.18% of operating revenue, a decrease of 2.86 percentage points year-on-year[6] - The company invested RMB 3.0398 million in R&D during Q1 2023, with various ongoing projects making progress[13] - Research and development expenses for Q1 2023 were ¥3,039,801.00, slightly down from ¥3,562,611.22 in Q1 2022, indicating a decrease of 14.7%[20] - The company obtained 1 new domestic invention patent in Q1 2023, bringing the total to 110 patents (83 domestic and 27 foreign) as of March 31, 2023[14] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 4,229[11] - The largest shareholder, Ningbo Meishan Bonded Port Area Junlong Investment Management Partnership, held 34.3% of the shares[11] Contracts and Orders - In Q1 2023, the company achieved a total revenue of approximately RMB 73.71 million (including tax) from new sales contracts, with all contracts already receiving the agreed payments and entering the execution phase[14] - As of March 31, 2023, the company had a backlog of orders amounting to approximately RMB 741 million (including tax)[14] - The company signed contracts for industrial continuous cracking production lines and related sales with clients in Europe and South Korea, totaling USD 8.942 million[14] Financial Expenses - Financial expenses showed a net income of -¥1,489,912.56 in Q1 2023, compared to -¥489,473.96 in Q1 2022, indicating an increase in financial income[20] Tax and Compensation - Cash paid for employee compensation was 11,217,155.59, significantly higher than 4,889,973.92 in the previous year, suggesting increased workforce costs[23] - Cash paid for taxes amounted to 2,670,455.80, compared to 345,614.14 in the previous year, indicating a rise in tax obligations[23]