CZDH(SH:600230)2021-04-20 16:00Financial Performance - Operating revenue surged by 188.78% to CNY 584,812,397.83 from CNY 202,513,277.09 in the same period last year[6] - Net profit attributable to shareholders reached CNY 89,926,063.68, a significant recovery from a loss of CNY 37,523,610.46 in the previous year[6] - The company reported a net profit of CNY 82,169,705.26 for the quarter, a turnaround from a loss of CNY 39,099,089.03 in the previous year[14] - Total revenue for Q1 2021 reached ¥584.81 million, a significant increase of 188.5% compared to ¥202.51 million in Q1 2020[26] - Operating profit for Q1 2021 was ¥88.66 million, compared to a loss of ¥39.10 million in Q1 2020, indicating a turnaround in profitability[27] - Net profit for Q1 2021 was ¥98,139,588.29, compared to a net loss of ¥35,975,510.33 in Q1 2020, marking a turnaround in profitability[30] - The total comprehensive income for Q1 2021 was ¥98,139,588.29, a recovery from a total comprehensive loss of ¥35,975,510.33 in Q1 2020[30] Assets and Liabilities - Total assets increased by 5.45% to CNY 6,719,808,870.41 compared to the end of the previous year[6] - The total assets as of March 31, 2021, amounted to CNY 6,719,808,870.41, an increase from CNY 6,372,663,011.19 at the end of 2020[21] - The company's current liabilities totaled CNY 1,457,288,587.18, up from CNY 1,249,053,624.91 at the end of 2020[20] - Total liabilities as of March 31, 2021, were ¥2.94 billion, an increase from ¥2.81 billion at the end of 2020, marking a rise of 4.4%[24] Cash Flow - Cash flow from operating activities turned positive at CNY 85,155,555.17, compared to a negative CNY 195,100,433.09 in the previous year[6] - The net cash flow from operating activities increased due to higher TDI sales volume and prices, resulting in increased cash receipts[15] - The cash flow from operating activities generated a net inflow of ¥85,155,555.17 in Q1 2021, compared to a net outflow of ¥195,100,433.09 in Q1 2020[32] - The company reported a cash inflow from sales of goods and services of $487.11 million in Q1 2021, a substantial increase from $163.56 million in Q1 2020, marking a growth of about 197%[35] Research and Development - Research and development expenses increased by 81.37% to CNY 5,836,874.95[14] - The company reported a significant increase in R&D expenses, which rose to ¥5.84 million in Q1 2021 from ¥3.22 million in Q1 2020, an increase of 81.5%[26] - Research and development expenses increased to ¥5,836,874.95 in Q1 2021, up from ¥3,218,219.72 in Q1 2020, reflecting a focus on innovation[29] Shareholder Information - The number of shareholders reached 31,848, with the largest shareholder holding 46.25% of the shares[11] Future Outlook - The company plans to continue expanding its market presence and product offerings in the future[6]