NOVA TECH(SZ:300921)2024-04-24 10:38Revenue and Profitability - The company's revenue for Q1 2024 was ¥171,396,317.04, representing a 22.83% increase compared to ¥139,542,627.15 in the same period last year[3] - Net profit attributable to shareholders decreased by 86.54% to ¥1,211,680.30 from ¥9,002,062.78 year-on-year[3] - Total operating revenue for the current period reached ¥171,396,317.04, an increase from ¥139,542,627.15 in the previous period, representing a growth of approximately 22.8%[25] - Net profit for the current period was ¥626,599.96, a decrease from ¥8,322,645.86 in the previous period, indicating a decline of approximately 92.5%[26] - Basic earnings per share for the current period were ¥0.01, down from ¥0.07 in the previous period, indicating a decline of approximately 85.7%[27] Cash Flow and Investments - The net cash flow from operating activities was negative at -¥10,671,507.78, a decline of 151.97% compared to ¥20,533,830.91 in the previous year[3] - The cash flow from investing activities showed a significant improvement, with a net inflow of ¥24,551,969.96 compared to a net outflow of -¥59,766,258.02 in the previous year[14] - The company reported a net cash outflow from operating activities of ¥10,671,507.78, compared to a net inflow of ¥20,533,830.91 in the previous period[30] - Investment activities generated a net cash inflow of ¥24,551,969.96, contrasting with a net cash outflow of ¥59,766,258.02 in the previous period[30] Assets and Liabilities - The company's total assets increased slightly by 0.10% to ¥981,259,247.70 from ¥980,326,472.67 at the end of the previous year[3] - Current assets increased to RMB 864,728,963.97 from RMB 856,993,584.65, primarily driven by an increase in cash and cash equivalents, which rose to RMB 168,542,905.44 from RMB 152,946,646.85[21] - The company's total liabilities decreased to RMB 153,164,960.48 from RMB 157,930,836.29, reflecting a reduction in current liabilities[23] - The equity attributable to the owners of the parent company increased to RMB 834,511,387.55 from RMB 828,227,656.38, representing a growth of approximately 0.34%[24] Inventory and Receivables - Inventory decreased by 42.11% to ¥16,756,438.80, primarily due to the transfer of inventory related to project acceptance[9] - Accounts receivable grew to RMB 163,488,199.24, up from RMB 134,157,552.01, indicating a 21.8% increase[21] - The company reported a decrease in inventory from RMB 28,946,681.51 to RMB 16,756,438.80, a reduction of about 42.1%[21] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 18,004, with the top two shareholders holding a combined 52.90% of the shares[16] - The number of shares held by the top 10 shareholders remained stable, with no significant changes reported in the shareholding structure[18] Expenses and Costs - Total operating costs increased to ¥173,462,142.73 from ¥134,771,284.59, reflecting a rise of about 28.6%[25] - The company recorded a decrease in sales expenses to ¥19,643,603.26 from ¥18,112,150.91, reflecting a rise of about 8.5%[25] - Research and development expenses increased to ¥15,568,408.51 from ¥14,350,450.13, marking a growth of approximately 8.5%[25] Other Financial Metrics - The weighted average return on equity dropped to 0.15% from 1.08% year-on-year, indicating a significant decline in profitability[3] - The company reported a 2800.12% increase in credit impairment losses, amounting to -¥1,601,779.91, attributed to increased bad debt provisions[12] - The company received government subsidies amounting to ¥6,000.00 during the reporting period[6] - The company’s non-current assets totaled RMB 116,530,283.73, down from RMB 123,332,888.02, primarily due to depreciation of fixed assets[22] - The total amount of accounts payable decreased slightly to RMB 70,246,532.14 from RMB 74,822,460.77, indicating improved cash flow management[23] Strategic Developments - The company has not reported any new strategies or product developments in this quarter[20]