Genew(SH:688418)2021-04-27 16:00Financial Performance - Operating revenue for the period was CNY 29,624,620.39, representing a year-on-year increase of 21.90%[5] - Net loss attributable to shareholders was CNY -28,169,739.62, compared to a loss of CNY -17,276,603.76 in the same period last year[5] - Basic earnings per share were CNY -0.1940, compared to CNY -0.1190 in the same period last year[7] - Net loss for Q1 2021 was CNY 28,580,688.04, compared to a net loss of CNY 16,762,173.78 in Q1 2020, representing a 70.5% increase in losses[25] - The company’s total comprehensive loss for Q1 2021 was -14,939,943.19 RMB, compared to -14,001,357.41 RMB in Q1 2020, indicating a worsening of approximately 6.7%[29] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,474,398,985.26, a decrease of 1.79% compared to the end of the previous year[5] - Current assets totaled CNY 1,309,473,565.27, down from CNY 1,393,172,454.93, indicating a decrease of about 6.0%[17] - Total liabilities decreased by 85.55% to ¥3,342,840.06 in tax payables, as previous tax liabilities were settled[13] - Total liabilities increased to CNY 329,243,395.05 in Q1 2021 from CNY 298,953,497.03 in Q1 2020, marking a growth of 10.1%[23] - Total assets amounted to CNY 1,525,775,632.76, with current assets at CNY 1,348,264,336.42, representing a significant portion of total assets[42] Cash Flow - The company reported a net cash flow from operating activities of CNY -83,810,602.03, compared to CNY -48,902,180.98 in the previous year[5] - Operating cash flow for Q1 2021 was -83,810,602.03 RMB, worsening from -48,902,180.98 RMB in Q1 2020, reflecting a decline of about 71.4%[31] - The company’s cash flow from financing activities showed a net outflow of -1,593,161.86 RMB in Q1 2021, contrasting with a net inflow of 35,280,403.21 RMB in Q1 2020[32] - The cash flow from operating activities decreased by approximately 21.9% from Q1 2020 to Q1 2021, highlighting challenges in operational efficiency[35] Research and Development - Research and development expenses accounted for 69.22% of operating revenue, an increase of 11.7 percentage points from the previous year[7] - Research and development expenses for Q1 2021 were CNY 20,504,883.09, a significant increase of 46.8% from CNY 13,979,282.07 in Q1 2020[24] Shareholder Information - The total number of shareholders at the end of the reporting period was 8,834[10] - The top shareholder, Wu Minhua, held 16.60% of the shares, totaling 32,147,460 shares[11] Other Financial Metrics - The weighted average return on net assets was -2.27%, improving from -3.51% in the previous year[5] - Non-recurring gains and losses totaled CNY 3,649,792.03 for the period[9] - The company incurred a credit impairment loss of 2,629,650.98 RMB in Q1 2021, compared to 2,140,014.28 RMB in Q1 2020, which is an increase of about 22.9%[29] - The company anticipates potential losses or significant changes in net profit compared to the same period last year[16]