SUNSEA(002313)2021-04-28 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥869,531,706.86, representing a 29.54% increase compared to ¥671,233,644.64 in the same period last year[7]. - The net profit attributable to shareholders for Q1 2021 was ¥2,823,326.70, a significant turnaround from a loss of ¥18,480,851.17 in the previous year, marking a 115.28% improvement[7]. - Basic and diluted earnings per share for Q1 2021 were both ¥0.010, compared to a loss of ¥0.06 per share in the same period last year, reflecting a 116.67% increase[7]. - The company reported a net profit of ¥126,084,375.35 for Q1 2021, compared to ¥123,261,048.65 in the previous period[32]. - The total comprehensive income for the first quarter was approximately ¥598.76 million, a significant improvement from a loss of ¥15.26 million in the same period last year[40]. Cash Flow - The net cash flow from operating activities improved to -¥133,976,641.18, a 54.35% reduction in loss compared to -¥293,462,576.39 in the same period last year[7]. - The company reported a cash inflow from operating activities of approximately ¥799.39 million, slightly down from ¥814.49 million in the previous period[46]. - Total cash inflow from operating activities was 1,339,760,379.50 CNY, compared to 1,224,951,017.85 CNY in the previous year, representing an increase of approximately 9.3%[50]. - Cash outflow from operating activities totaled 1,335,021,828.80 CNY, down from 1,417,636,879.82 CNY in Q1 2020, indicating a decrease of about 5.8%[50]. - The ending balance of cash and cash equivalents was 608,212,882.21 CNY, up from 301,889,102.96 CNY in the previous year[48]. Assets and Liabilities - Total assets at the end of the reporting period were ¥7,675,895,178.84, an 8.19% increase from ¥7,094,705,439.32 at the end of the previous year[7]. - Total liabilities increased to ¥2,167,548,998.92 in Q1 2021 from ¥1,957,747,897.58 in the previous period[35]. - The company's total equity as of March 31, 2021, was ¥2,916,776,724.08, slightly up from ¥2,912,822,155.31 at the end of 2020[35]. - The total liabilities and equity combined reached ¥7,675,895,178.84 as of March 31, 2021, compared to ¥7,094,705,439.32 at the end of 2020[32]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,286[10]. - The largest shareholder, Zhuhai Rundatai Investment Partnership, held 26.49% of the shares, totaling 99,172,550 shares[10]. - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[11]. Research and Development - R&D expenses increased substantially to enhance product competitiveness[14]. - Research and development expenses increased to ¥56,427,516.60 from ¥31,631,622.17 year-over-year[38]. - Research and development expenses for the first quarter were approximately ¥4.68 million, compared to ¥3.31 million in the previous year, reflecting an increase in investment in innovation[42]. Government Subsidies and Other Income - The company received government subsidies amounting to ¥19,327,697.73 during the reporting period[8]. - Other income rose significantly due to increased government subsidies[14]. Inventory and Investments - Inventory increased significantly due to revenue growth and material stocking[14]. - Construction in progress rose sharply due to increased investment in the Quanzhou Science and Technology Museum project[14]. - Long-term borrowings increased significantly due to special loans for the Quanzhou Science and Technology Museum project[14]. - The company utilized RMB 523.19 million of raised funds, including RMB 389.37 million for project investments[20]. - The balance of idle raised funds for temporary working capital was RMB 60 million[20].