Tricolor(SH:603516)2021-04-19 16:00Financial Performance - The company achieved operating revenue of 85.89 million RMB, a year-on-year increase of 70.51%[8] - The net profit attributable to shareholders reached 11.87 million RMB, representing a 410.06% increase compared to the same period last year[8] - The basic earnings per share were 0.09 RMB, a 350% increase from the previous year[8] - The net profit for Q1 2021 was CNY 8,601,631.33, compared to a net profit of CNY -1,346,200.77 in Q1 2020, marking a turnaround in profitability[28] - The net profit for Q1 2021 was CNY 11,874,510.27, compared to a net loss of CNY 2,243,700.03 in Q1 2020, marking a significant turnaround[31] - The total comprehensive income for Q1 2021 was CNY 11,874,510.27, compared to CNY 2,237,758.65 in Q1 2020[31] Revenue and Orders - New signed orders in Q1 increased by 62% compared to the same period in 2019 and by 98% compared to 2020[7] - The company signed new orders due to expanded product lines and improved marketing network coverage[7] - Revenue for Q1 2021 reached ¥85,894,963.52, a 70.51% increase compared to ¥50,374,109.35 in the previous period, primarily due to an increase in sales contracts[16] - The company experienced a significant increase in sales revenue, reflecting strong market demand and operational improvements[32] Costs and Expenses - Operating costs rose to ¥32,355,733.40, reflecting a 73.79% increase from ¥18,617,771.59, corresponding to the rise in revenue[17] - Financial expenses surged by 581.71% to ¥3,379,725.91, mainly due to the recognition of convertible bond interest expenses[17] - Research and development expenses for Q1 2021 were CNY 14,538,359.89, compared to CNY 12,621,710.62 in Q1 2020, indicating a rise of 15.1%[29] - Research and development expenses for Q1 2021 were CNY 7,409,374.64, compared to CNY 5,480,060.07 in Q1 2020, indicating a focus on innovation[32] Cash Flow - Cash flow from operating activities decreased by 5.05 million RMB, primarily due to increased procurement and labor costs[10] - Cash flow from operating activities showed a net outflow of ¥6,843,676.53, worsening by 281.48% compared to the previous outflow of ¥1,793,986.28, mainly due to increased procurement and labor costs[17] - The net cash flow from operating activities for Q1 2021 was negative CNY 6,843,676.53, worsening from negative CNY 1,793,986.28 in Q1 2020[36] - The total cash outflow from operating activities was 98,919,728.89 RMB, compared to 69,916,860.32 RMB in the previous year, reflecting a rise of approximately 41.6%[39] Assets and Liabilities - The company’s total assets at the end of the reporting period were approximately 1.39 billion RMB, a slight increase of 0.30% from the previous year[8] - The total assets as of March 31, 2021, were CNY 1,308,228,477.63, slightly up from CNY 1,304,911,679.12 at the end of 2020[26] - The total liabilities decreased to CNY 462,446,510.36 from CNY 473,638,567.56 at the end of 2020, showing a reduction of 2.5%[26] - The equity attributable to shareholders increased to CNY 845,781,967.27 from CNY 831,273,111.56 at the end of 2020, reflecting a growth of 1.3%[27] - The company reported an increase in accounts receivable to CNY 234,183,180.33 from CNY 230,626,925.00, a rise of 1.2%[25] Investment Activities - Cash flow from investing activities recorded a net outflow of ¥188,280,432.71, a 310.67% increase from the previous outflow of ¥45,847,247.49, primarily due to increased purchases of financial products[17] - The company reported an investment cash inflow of CNY 375,000,000.00 from recovered investments in Q1 2021, compared to CNY 302,371,744.67 in Q1 2020[36] - The company incurred cash outflows from investment activities totaling 555,698,869.84 RMB, up from 348,131,644.76 RMB in Q1 2020, representing a significant increase of about 59.7%[39] Future Outlook - The company plans to continue investing in new product development and market expansion strategies to drive future growth[28]