NEWU(SZ:300472)2021-04-28 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥210,270,811.13, representing a 136.43% increase compared to ¥88,936,906.62 in the same period last year[8] - Net profit attributable to shareholders was ¥24,032,565.98, up 182.97% from ¥8,492,873.36 year-on-year[8] - The net profit after deducting non-recurring gains and losses reached ¥19,673,614.73, a 203.49% increase from ¥6,482,482.56 in the previous year[8] - Basic earnings per share were ¥0.11, a 120.00% increase compared to ¥0.05 in the same period last year[8] - The weighted average return on equity was 2.53%, up 1.75% from 0.78% in the previous year[8] - The company reported a total profit of CNY 24,198,015.57 for the first quarter, significantly higher than CNY 8,424,392.58 from the previous year, representing an increase of about 187%[53] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥1,874,556,475.80, reflecting a 31.31% increase from ¥1,427,632,688.03 at the end of the previous year[8] - The net assets attributable to shareholders increased by 68.79% to ¥1,176,253,575.63 from ¥696,871,571.79 at the end of the previous year[8] - Total liabilities decreased to CNY 673,005,808.05 from CNY 703,175,155.43, showing a reduction of about 4.3%[45] - Current liabilities totaled CNY 640,776,429.38, down from CNY 671,133,161.94, a decrease of approximately 4.5%[45] - The company's equity increased to CNY 1,201,550,667.75 from CNY 724,457,532.60, representing a growth of around 66%[46] Cash Flow - The net cash flow from operating activities was -¥16,744,638.24, an improvement of 11.13% from -¥18,841,782.66 in the same period last year[8] - Cash and cash equivalents at the end of the period amounted to CNY 301,805,055.88, up 919.51% from the previous period[19] - Total cash inflow from operating activities reached 104,157,870.54 CNY, up from 76,148,137.81 CNY year-over-year[61] - Cash outflow from operating activities increased to 120,902,508.78 CNY from 94,989,920.47 CNY, reflecting higher operational costs[61] - The net cash flow from financing activities was 373,720,274.24 CNY, a significant recovery from -2,509,195.17 CNY in the previous period[62] Investments and Expenditures - Research and development expenses increased by 43.17% to CNY 9,110,808.66, reflecting a commitment to innovation[18] - The company completed a targeted issuance of shares, raising funds that contributed to a 1,121.79% increase in cash reserves[18] - The company has raised a total of ¥465,099,975.60 through a specific stock issuance, with a net amount of ¥454,533,937.86 after deducting issuance costs[28] - The company plans to use ¥24,032,400 from the raised funds to replace self-raised funds already invested in the project[29] - The company is investing in a smart factory project for recycling used tires, which may face risks related to market price fluctuations and project performance[27] Market and Competition - The company faces risks from rapid industry changes and market competition, particularly from international high-end equipment manufacturers entering the domestic market[24] - The company is focusing on expanding its market presence and enhancing strategic cooperation with existing clients[20] - The company is committed to continuous product R&D and technological innovation to mitigate market and industry development risks[25] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,307[11] - The company acknowledged risks related to goodwill impairment due to acquisitions, which could negatively impact future operating performance[26] Compliance and Audit - The company has not reported any non-compliance issues regarding external guarantees during the reporting period[36] - The company did not undergo an audit for the first quarter report, which may affect the reliability of the financial data presented[66]