Financial Performance - Operating income rose by 58.92% to CNY 276,269,931.30 year-on-year[6] - Net profit attributable to shareholders increased by 40.60% to CNY 20,637,967.77 compared to the same period last year[6] - Basic earnings per share increased by 20.00% to CNY 0.18 compared to the previous year[6] - Diluted earnings per share also increased by 20.00% to CNY 0.18 compared to the previous year[7] - Total operating revenue for Q1 2021 was ¥276,269,931.30, a 59% increase from ¥173,838,177.70 in Q1 2020[27] - Net profit for Q1 2021 reached ¥26,679,743.32, representing a 65% increase compared to ¥16,157,823.43 in Q1 2020[28] - Operating profit for Q1 2021 was ¥39,371,724.58, an increase of 64% from ¥24,078,200.55 in Q1 2020[27] - Total profit for Q1 2021 was ¥39,471,270.31, a 62% increase from ¥24,316,929.66 in Q1 2020[27] Cash Flow - Cash flow from operating activities surged by 97.48% to CNY 38,128,549.25 year-on-year[6] - Cash inflow from operating activities in Q1 2021 was CNY 364,557,451.91, an increase of 25.8% compared to CNY 289,869,957.28 in Q1 2020[33] - Net cash flow from operating activities in Q1 2021 was CNY 38,128,549.25, up 97.5% from CNY 19,307,861.83 in Q1 2020[34] - Cash inflow from investment activities in Q1 2021 was CNY 36,147,446.91, down 36.6% from CNY 57,024,862.46 in Q1 2020[34] - Net cash flow from investment activities in Q1 2021 was -CNY 235,940,524.12, worsening from -CNY 133,322,269.74 in Q1 2020[34] - Cash outflow for investments in Q1 2021 was CNY 270,000,000.00, significantly higher than CNY 183,000,000.00 in Q1 2020, marking a 47.5% increase[34] - The company reported a net decrease in cash and cash equivalents of -CNY 200,782,507.26 in Q1 2021, compared to -CNY 114,944,630.13 in Q1 2020[34] Assets and Liabilities - Total assets increased by 4.98% to CNY 1,758,332,387.73 compared to the end of the previous year[6] - Total liabilities increased to CNY 536,563,343.10 from CNY 481,213,171.77, marking a growth of around 11%[20] - Current liabilities rose to CNY 493,447,501.18 compared to CNY 472,098,962.24, reflecting an increase of approximately 4%[19] - Non-current liabilities totaled $6,874,537.82, an increase of $11,146,673.75 compared to the previous period[45] - Total current asset of CNY 949,819,983.79, an increase from CNY 929,764,210.04, indicating a growth of about 2.4%[22] Shareholder Information - The number of shareholders reached 17,799 by the end of the reporting period[12] - The top shareholder, Cao Kangmei, holds 18.86% of the shares, totaling 25,142,590 shares[12] Research and Development - Research and development expenses increased by 76.30% to ¥6,325,042.53, reflecting a focus on innovation and recovery efforts[15] - Research and development expenses for Q1 2021 amounted to ¥6,325,042.53, up from ¥3,587,654.79 in Q1 2020[27] Tax and Expenses - The company’s profit before tax increased, leading to a 56.78% rise in income tax expenses to ¥12,791,526.99[15] - The company reported a significant increase in management expenses, which rose to ¥18,226,178.86 from ¥12,145,053.41 in the previous year[27] Changes in Financial Position - The company adopted a new leasing standard effective January 1, 2021, impacting the financial statements[42] - The company did not report any changes in capital reserves, which remained at $459,693,657.97[45] - The company has not made any adjustments to the retained earnings due to the new leasing standards[46]