OLYMPIC(SH:603920)2021-04-29 16:00Financial Performance - Operating revenue rose by 37.96% to CNY 687,732,336.33 year-on-year[18] - Net profit attributable to shareholders decreased by 46.19% to CNY 27,930,134.08 compared to the same period last year[18] - Net profit attributable to shareholders after deducting non-recurring gains and losses fell by 39.59% to CNY 31,332,119.85[18] - Basic earnings per share decreased by 46.15% to CNY 0.07[21] - Net profit for Q1 2021 was ¥27,839,436.45, a decrease of 46.49% from ¥51,909,628.49 in Q1 2020[55] - The total profit for Q1 2021 was approximately ¥20.43 million, down from ¥46.35 million in Q1 2020, representing a decrease of about 55.8%[68] Assets and Liabilities - Total assets increased by 32.12% to CNY 5,024,794,112.75 compared to the end of the previous year[18] - The company's total assets reached ¥5,024,794,112.75, up from ¥3,803,186,704.01, reflecting a growth of 32.04%[45] - Total liabilities as of March 31, 2021, were ¥2,174,504,320.94, compared to ¥1,102,715,598.34 at the end of 2020, marking an increase of 97.12%[43] - The company's short-term borrowings increased by 37.19% to RMB 474,429,529.54, up from RMB 345,826,495.26, mainly due to increased bank financing[32] - Total liabilities for Q1 2021 were ¥1,743,279,894.91, compared to ¥815,438,300.54 in Q1 2020, indicating a rise of 113.4%[51] Cash Flow - Cash flow from operating activities increased by 17.20% to CNY 110,484,781.73 compared to the same period last year[18] - The company reported a net cash outflow from investment activities of RMB -93,653,341.86, a decrease of 21.32% compared to RMB -77,198,282.86 in the previous period, mainly due to increased equipment payments[35] - The company generated cash inflows from operating activities totaling ¥697,848,322.74, an increase of approximately 24.7% from ¥559,577,261.53 in the same period last year[75] - Cash inflows from financing activities amounted to ¥1,122,780,709.68, a substantial increase from ¥70,851,000.00 in Q1 2020, driven by higher borrowings[76] Shareholder Information - Total number of shareholders reached 24,842 at the end of the reporting period[24] - The largest shareholder, New豪国际集团有限公司, holds 62.27% of shares, with 79,000,000 shares pledged[24] Operating Costs and Expenses - Operating costs increased by 44.61% to RMB 573,025,807.10, up from RMB 396,244,541.77, primarily due to increased business volume and rising material prices[30] - Total operating costs for Q1 2021 were approximately ¥405.13 million, up from ¥290.52 million in Q1 2020, which is an increase of about 39.4%[68] - Research and development expenses rose by 34.37% to RMB 27,605,342.09, compared to RMB 20,544,149.26 in the same period last year, reflecting increased investment in R&D[32] Inventory and Receivables - The company's inventory increased by 43.53% to RMB 312,915,403.74, up from RMB 218,012,289.33, due to increased production capacity and rising raw material costs[30] - The company reported a significant decrease in other receivables, down 94.67% to RMB 1,251,381.35 from RMB 23,487,886.30, primarily due to a reduction in export tax refunds[30] - Accounts receivable decreased to ¥691,769,818.00 from ¥727,771,282.20, indicating a decline of 4.94%[40] Comprehensive Income - The company reported a comprehensive income total of ¥28,829,303.92 for Q1 2021, compared to ¥56,235,064.90 in Q1 2020[58]