NANTIAN(000948)2021-04-27 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥798,150,463.56, representing a 21.09% increase compared to ¥659,120,435.74 in the same period last year[7] - The net profit attributable to shareholders was -¥22,524,546.77, an improvement of 52.15% from -¥47,069,838.17 year-on-year[7] - The net profit for the first quarter was a loss of CNY 22,648,769.71, compared to a loss of CNY 54,734,721.46 in the same period last year[42] - The operating profit for the quarter was a loss of CNY 21,014,656.31, improving from a loss of CNY 55,517,178.07 in the previous year[42] - The net profit for the current period is reported at -¥1,340,299.29, an improvement from -¥5,132,276.53 in the previous period[46] Cash Flow - The net cash flow from operating activities was -¥723,615,181.49, showing a slight improvement of 1.59% compared to -¥735,341,172.77 in the previous year[7] - Cash flow from operating activities shows a net outflow of -¥723,615,181.49, slightly better than -¥735,341,172.77 previously[50] - Total cash outflow for operating activities was ¥1,479,590,332.54, up from ¥1,288,864,021.42[50] - The company reported a cash and cash equivalents balance of ¥686,288,744.69 at the end of the period, down from ¥926,236,580.21[51] - The company reported a decrease in cash flow from financing activities, with a net cash flow of -132,646,211.93 yuan[54] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,346,831,117.12, down 10.12% from ¥4,836,439,264.99 at the end of the previous year[7] - The company's current assets decreased to CNY 3,580,804,122.27 from CNY 4,066,892,484.39, reflecting a reduction of about 12.0%[32] - Total liabilities decreased to CNY 2,007,272,760.47 from CNY 2,474,232,138.63, a decline of about 19.0%[34] - The company's equity attributable to shareholders decreased to CNY 2,245,190,310.45 from CNY 2,267,714,857.22, a reduction of approximately 1.0%[35] - The total assets decreased from CNY 4,361,072,546.22 to CNY 3,949,561,451.18, indicating a reduction of about 9.4%[38] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 30,978[10] - The largest shareholder, Yunnan Provincial Industrial Investment Holding Group, held 41.98% of the shares, amounting to 160,006,707 shares[10] - The company did not conduct any repurchase transactions among the top 10 shareholders during the reporting period[11] Research and Development - Research and development expenses increased to CNY 83,676,935.62, compared to CNY 66,113,963.42 in the prior year, reflecting a growth of approximately 26.6%[41] - Research and development expenses increased significantly to ¥35,148,897.70 from ¥18,117,716.99, indicating a focus on innovation[45] Government Support - The company received government subsidies amounting to ¥1,411,300.09 during the reporting period[8] Communication and Engagement - The company reported a total of 18 investor calls during the reporting period, indicating active engagement with stakeholders[28] - The company responded to 37 inquiries on the interactive platform, reflecting its commitment to transparency and communication with investors[28] - The company is focused on production operations, industry development, and future growth prospects as discussed in investor communications[28] Other Financial Metrics - The weighted average return on net assets was -1.00%, an increase of 2.07% from -3.07% in the same period last year[7] - The basic earnings per share were -¥0.0591, improving by 59.75% from -¥0.1468 year-on-year[7] - Total operating costs amounted to CNY 821,404,318.76, up from CNY 720,747,987.85 year-over-year[41] - The company's financial expenses decreased by 6.64 million yuan, down 133.41%, mainly due to a reduction in loan balances compared to the previous year[16] - The company’s tax expenses increased by 2.02 million yuan, up 311.6%, due to profit growth leading to higher tax liabilities[16]