PAIKE(605123)2021-04-27 16:00Financial Performance - Operating revenue reached CNY 325,673,295.51, a 100.44% increase year-on-year[10] - Net profit attributable to shareholders was CNY 55,864,222.80, representing a 134.06% increase compared to the same period last year[10] - Basic earnings per share rose by 75.53% to CNY 0.5173 compared to CNY 0.2947 in the previous year[10] - Total profit for the period surged by 172.64% year-on-year to RMB 74,473,514.70, mainly due to growth in the aerospace sector and enhanced internal management[26] - The company's total equity attributable to shareholders rose to ¥1,631,238,045.05 from ¥1,575,373,822.25, showing an increase of approximately 3.5%[44] - The net profit for Q1 2021 reached CNY 55,824,846.77, up 134.8% from CNY 23,834,102.78 in the same period last year[63] Assets and Liabilities - Total assets increased by 4.94% to CNY 2,496,291,001.07 compared to the end of the previous year[10] - The total liabilities as of March 31, 2021, were ¥865,052,956.02, compared to ¥803,516,817.55 at the end of 2020, marking an increase of about 7.7%[44] - Accounts receivable increased by 26.38% to RMB 588,362,610.03, driven by higher sales in the aerospace business[22] - The company's total assets reached ¥2,496,291,001.07, up from ¥2,378,890,639.80 at the end of 2020, indicating an increase of approximately 4.9%[44] Cash Flow - Net cash flow from operating activities decreased to -CNY 29,804,245.15, worsening by 170.44% year-on-year[10] - Cash and cash equivalents grew by 42.96% compared to the beginning of the period, totaling RMB 436,107,772.24, primarily due to the maturity of financial products[22] - The company reported a net increase in cash and cash equivalents of 133,792,107.46 RMB for Q1 2021, contrasting with a decrease of -51,648,811.24 RMB in Q1 2020[78] - The company's cash flow from operating activities showed a net outflow of CNY 29,804,245.15, worsening from a net outflow of CNY 11,020,668.71 in Q1 2020[70] Research and Development - Research and development expenses increased by 89.32% year-on-year to RMB 15,835,374.48, reflecting the company's commitment to aerospace and nuclear power product development[26] - Research and development expenses for Q1 2021 were ¥15,835,374.48, an increase of 89.5% compared to ¥8,364,372.64 in Q1 2020[54] Shareholder Information - The total number of shareholders at the end of the reporting period was 8,515[16] - The top shareholder, Zong Liping, holds 37.29% of the shares, totaling 40,270,000 shares[16] Future Outlook - The company plans to continue expanding its aerospace business to sustain cash flow growth in the future[29] - The company is actively exploring new product development and technological advancements to enhance market competitiveness[29] - Strategic market expansion initiatives are being considered to leverage growth opportunities in the aerospace sector[29] - Future guidance indicates a cautious approach to financing activities, reflecting the decrease in interest payments[29]