Three-V(603033)2021-04-26 16:00Financial Performance - Net profit attributable to shareholders increased by 260% to CNY 64,550,841.03 year-on-year[12] - Operating revenue surged by 134.38% to CNY 569,714,787.26 compared to the same period last year[12] - Basic earnings per share rose by 275% to CNY 0.15 from CNY 0.04 in the same period last year[12] - The company reported a significant increase in net profit after deducting non-recurring gains and losses, which rose by 263.30% to CNY 62,811,306.90[12] - Total profit increased by 243.18% from CNY 22,974,313.13 to CNY 78,844,274.58 indicating significant growth in the rail transit industry[23] - Net profit for Q1 2021 was ¥65,539,552.27, up from ¥17,060,897.71 in Q1 2020, reflecting a growth of approximately 284.5%[47] - The total profit amounted to 28,358,570.11, up from 27,561,263.84, indicating an increase of approximately 2.89%[53] Revenue and Costs - Operating revenue increased by 134.38% from CNY 243,071,811.05 to CNY 569,714,787.26 driven by the commencement of operations of two subsidiaries[23] - Operating costs grew by 152.18% from CNY 177,547,085.39 to CNY 447,746,701.10 also due to the new subsidiary operations[23] - Total operating revenue for Q1 2021 reached ¥569,714,787.26, a significant increase from ¥243,071,811.05 in Q1 2020, representing a growth of approximately 134.5%[47] - Total operating costs for Q1 2021 were ¥509,336,456.88, compared to ¥222,585,718.50 in Q1 2020, indicating an increase of about 128.5%[47] Assets and Liabilities - Total assets increased by 7.28% to CNY 5,486,523,654.38 compared to the end of the previous year[12] - Total liabilities increased to CNY 2,387,472,169.72, up from CNY 2,080,563,139.98, representing a growth of approximately 14.74%[34] - Current liabilities totaled CNY 1,457,186,416.26, compared to CNY 1,184,291,033.23, reflecting an increase of about 23.06%[34] - Non-current liabilities rose to CNY 930,285,753.46 from CNY 896,272,106.75, marking an increase of approximately 3.80%[34] - The total assets reached CNY 4,150,422,059.37, up from CNY 3,908,506,886.71, indicating an increase of about 6.19%[41] - The total liabilities increased to ¥1,253,620,133.67 in Q1 2021 from ¥1,033,024,420.40 in Q1 2020, reflecting a growth of about 21.3%[47] Cash Flow - Net cash flow from operating activities decreased by 151.18% to -CNY 13,244,548.22 compared to the previous year[12] - Cash flow from operating activities showed a net outflow of CNY -13,244,548.22 compared to a positive inflow of CNY 25,879,143.79 in the previous year, primarily due to tax payments[26] - Cash flow from operating activities showed a net outflow of ¥35,113,268.11, an improvement from the previous year's outflow of ¥52,107,462.31, indicating a 32.5% reduction in losses[60] - The company’s total operating cash inflow was 601,077,313.25, compared to 327,569,352.55 in the previous year, reflecting an increase of about 83.24%[55] Shareholder Information - The number of shareholders at the end of the reporting period was 5,310[19] - The largest shareholder, Ye Jiyue, holds 37.14% of the shares, amounting to 158,305,144 shares[19] Research and Development - Research and development expenses rose by 191.52% from CNY 3,042,592.05 to CNY 8,869,746.50 reflecting an increase in R&D projects[23] - Research and development expenses for Q1 2021 totaled ¥8,869,746.50, significantly higher than ¥3,042,592.05 in Q1 2020, representing an increase of about 191.5%[47] Investment and Financing - Short-term borrowings increased by 37.24% from CNY 493,075,948.52 to CNY 676,686,823.75 due to increased bank loans[23] - Long-term borrowings amounted to CNY 915,270,760.17, compared to CNY 886,429,932.67, representing an increase of approximately 3.84%[34] - The company reported cash and cash equivalents at the end of the period amounting to 274,457,752.03, down from 509,609,138.83 in the previous year[57] - Total cash inflow from financing activities was ¥332,900,000.00, significantly higher than the previous year's inflow of ¥189,830,000.00, representing a 75.1% increase[60]