Nanhua(SZ:300417)2021-04-27 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥60,676,988.94, representing a 12.10% increase compared to ¥54,128,657.75 in the same period last year[7]. - Net profit attributable to shareholders decreased by 23.90% to ¥9,306,514.03 from ¥12,229,238.41 year-on-year[7]. - The net profit after deducting non-recurring gains and losses fell by 43.84% to ¥6,928,013.90 compared to ¥12,335,919.36 in the previous year[7]. - Basic and diluted earnings per share dropped by 56.05% to ¥0.0679 from ¥0.1545 in the same period last year[7]. - The weighted average return on equity decreased to 1.79%, down by 1.76% from 3.55% in the previous year[7]. - The company's operating revenue for the reporting period was 60.68 million, an increase of 12% year-on-year, despite rising production costs due to metal raw material price increases[20]. - The net profit attributable to shareholders for the reporting period was 9.31 million, a decline of 23.90% compared to the same period last year[20]. - Total operating revenue for Q1 2021 was CNY 60,676,988.94, an increase from CNY 54,128,657.75 in the previous period[46]. - Net profit for Q1 2021 was CNY 9,306,514.03, a decrease from CNY 12,229,238.41 in the previous period, representing a decline of approximately 23.5%[48]. - Basic and diluted earnings per share for Q1 2021 were CNY 0.0679, down from CNY 0.1545 in the previous period[49]. Assets and Liabilities - Total assets at the end of the reporting period were ¥589,508,661.58, a decrease of 5.97% from ¥626,967,165.69 at the end of the previous year[7]. - Net assets attributable to shareholders increased by 1.80% to ¥528,752,953.35 from ¥519,416,662.43 at the end of the previous year[7]. - The company's total assets amounted to 589,508,661.58 CNY, a decrease from 626,967,165.69 CNY at the end of 2020[40]. - Total liabilities for Q1 2021 were CNY 131,155,740.98, down from CNY 171,038,344.78 in the previous period[44]. - Total current liabilities decreased to 49,503,044.92 CNY from 96,297,839.95 CNY, indicating a reduction of about 48%[39]. Cash Flow - The net cash flow from operating activities was negative at -¥26,236,876.28, compared to -¥14,012,475.90 in the same period last year[7]. - The company's cash flow from operating activities was -26.24 million, a decrease of 87.24% year-on-year, primarily due to reduced cash receipts from sales[19]. - Cash flow from operating activities showed a net outflow of CNY -26,236,876.28, worsening from CNY -14,012,475.90 in the prior year[56]. - The company reported a significant increase in cash outflow for investment activities, totaling CNY -111,167,223.69 compared to a net inflow of CNY 98,745,404.67 in the previous year[56]. - The net cash flow from investment activities was -111,115,723.69, compared to a positive cash flow of 98,771,474.67 in the previous year[60]. Expenses - Research and development expenses for the reporting period were 5.14 million, an increase of 27.18% year-on-year, reflecting the company's commitment to enhancing R&D capabilities[18]. - The company's operating costs for the reporting period were 33.85 million, an increase of 32.25% year-on-year, mainly due to increased sales volume and rising raw material prices[20]. - The company's sales expenses reached 8.00 million, an increase of 38.12% year-on-year, driven by the expansion of the sales and customer service teams[18]. - The company paid CNY 34,553,479.96 to employees, which is significantly higher than CNY 15,586,161.08 in the previous year, indicating increased labor costs[56]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 17,341[10]. - The company has implemented a stock repurchase plan with a total amount not less than ¥46 million and not exceeding ¥92 million, with a maximum repurchase price of ¥23 per share[27]. - As of the latest board meeting, the company has repurchased 2,445,176 shares, representing 3% of the total share capital, with a total transaction amount of ¥46,208,188.38[27]. - The company granted 2,445,176 restricted shares to 112 eligible recipients at a price of 6.75 CNY per share on January 28, 2021[29]. Market and Industry - The company faces risks from policy changes in the motor vehicle inspection industry, which could reduce market demand for environmental and safety inspection equipment[22]. - The company plans to enhance its product development to meet new national standards for vehicle emissions and safety inspections[22]. - The environmental monitoring industry is experiencing increased competition, necessitating continuous technological innovation to maintain market position[23]. - The company is a national high-tech enterprise and focuses on independent innovation to strengthen its competitive advantage in the industry[23]. Management and Strategy - The management team is primarily composed of technical and sales personnel, indicating a need for further development in management capabilities[24]. - The company is actively discussing future business strategies and the impact of carbon neutrality policies on its operations[33]. - The company has engaged in investor relations activities, including discussions with institutional investors about its business outlook and operational plans[32]. Other Information - The company is closely monitoring the impact of the COVID-19 pandemic on its operations and is taking measures to mitigate adverse effects[25]. - The company reported no violations regarding external guarantees during the reporting period[30]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[31]. - The first quarter report was not audited, which may affect the reliability of the financial data presented[63].