CCYD(SH:600148)2021-04-28 16:00Financial Performance - Operating revenue rose by 59.28% to CNY 356,328,813.27 year-on-year[5] - Net profit attributable to shareholders increased by 57.48% to CNY 14,603,413.40 compared to the same period last year[5] - Basic and diluted earnings per share increased by 56.06% to CNY 0.103[5] - Total operating revenue for Q1 2021 reached ¥356,328,813.27, a significant increase from ¥223,708,821.84 in Q1 2020, representing a growth of approximately 59.2%[26] - Net profit for Q1 2021 was ¥20,965,500.43, compared to ¥14,379,535.93 in Q1 2020, reflecting a growth of approximately 46.0%[27] - Operating profit for Q1 2021 was ¥8,766,939.79, up 84.5% from ¥4,755,921.65 in the same period last year[31] - Net profit for Q1 2021 reached ¥8,677,228.73, a 82.5% increase from ¥4,760,141.65 in Q1 2020[31] - The total comprehensive income for Q1 2021 was ¥20,965,500.43, up 46.0% from ¥14,379,535.93 in Q1 2020[30] Assets and Liabilities - Total assets increased by 6.98% to CNY 1,453,042,620.24 compared to the end of the previous year[5] - Total current liabilities as of March 31, 2021, were CNY 706,078,699.88, an increase from CNY 643,779,027.77 at the end of 2020[19] - Total liabilities as of March 31, 2021, were ¥447,898,018.37, compared to ¥430,529,822.09 at the end of 2020, showing an increase of about 4.3%[24] - The company’s total non-current liabilities amounted to ¥83,469,095.68 as of March 31, 2021, compared to ¥78,176,450.22 at the end of 2020, indicating an increase of approximately 6.0%[24] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 44,065,962.31, worsening by 11.53% year-on-year[5] - Cash flow from operating activities was negative at -¥44,065,962.31, compared to -¥39,511,551.31 in Q1 2020[34] - The company generated a net cash flow from operating activities of ¥16,054,965.43, a significant improvement from a net outflow of ¥9,773,705.37 in Q1 2020, representing a turnaround of over 200%[35] - Cash inflows from sales of goods and services reached ¥134,831,760.08, compared to ¥73,255,680.47 in the same period last year, indicating an increase of approximately 84%[35] - The company reported cash outflows from operating activities totaling ¥130,469,786.81, which increased from ¥88,250,863.35 in Q1 2020, marking a rise of about 48%[35] Expenses - Operating costs rose by CNY 96,465,882.23, reflecting a growth of 59.33%, attributed to the increase in revenue[13] - Selling expenses rose by CNY 19,247,302.72, a substantial increase of 97.81%, due to higher sales service fees, freight, and storage costs[13] - Research and development expenses increased by CNY 7,871,504.41, a significant growth of 88.46%, due to higher R&D investments[13] - Research and development expenses for Q1 2021 were ¥16,770,142.61, compared to ¥8,898,638.20 in Q1 2020, representing an increase of approximately 88.5%[27] - Management expenses increased by CNY 5,471,648.95, a growth of 40.68%, primarily due to the reduction of various insurance expenses in the same period last year[13] Receivables and Payables - Accounts receivable increased by 214.43% to CNY 293,112,292.02 due to increased revenue and delayed payments[12] - Accounts payable at the end of the period increased by CNY 109,055,621.08, a growth of 33.47%, mainly due to an increase in payable goods[13] - Other receivables rose by 122.70% to CNY 1,524,499.34, mainly due to unbilled social insurance fees[12] - Tax payable increased by CNY 1,958,145.10, a growth of 46.18%, primarily due to an increase in VAT and income tax balances[13] Shareholder Information - Total number of shareholders reached 19,844 at the end of the reporting period[10] - Weighted average return on equity improved by 0.9 percentage points to 2.99%[5]