SDWH(SH:600241)2021-04-27 16:00Financial Performance - Operating revenue for the first quarter reached CNY 150,715,831.42, an increase of 80.54% year-on-year[13] - Net profit attributable to shareholders was CNY 13,807,277.34, a significant turnaround from a loss of CNY 7,989,361.60 in the same period last year[5] - The company reported a net profit of CNY 4,529,868.23, a decrease of 45.5% compared to CNY 8,312,492.00 in Q1 2020[33] - Net profit for Q1 2021 was CNY 16,007,711.70, compared to a net loss of CNY 13,320,179.79 in Q1 2020[30] - The company reported a gross profit margin of approximately 11% for Q1 2021, compared to a negative margin in Q1 2020[30] Assets and Liabilities - Total assets increased by 0.73% to CNY 1,251,924,520.47 compared to the end of the previous year[5] - The company's total liabilities decreased to ¥367,798,456.64 as of March 31, 2021, from ¥374,723,369.85 at the end of 2020[23] - Total current assets as of March 31, 2021, amounted to ¥674,065,462.18, an increase from ¥658,149,372.96 at the end of 2020[21] - Total assets as of the end of Q1 2021 were CNY 1,498,835,053.64, slightly up from CNY 1,496,797,661.60 at the end of Q1 2020[27] Cash Flow - Cash flow from operating activities turned positive with a net amount of CNY 26,542,034.28, compared to a negative cash flow of CNY 55,299,557.75 in the previous year[5] - Operating cash flow for Q1 2021 was CNY 26,542,034.28, a significant improvement from a negative cash flow of CNY -55,299,557.75 in Q1 2020[35] - The company’s cash flow from investment activities in Q1 2021 was negative at CNY -7,563,135.23, compared to CNY -54,453,986.55 in Q1 2020, indicating improved cash management[36] - The company’s total cash outflow from financing activities in Q1 2021 was CNY 83,655,724.27, a significant increase from CNY 2,032,582.08 in Q1 2020[36] Shareholder Information - The number of shareholders reached 9,501, indicating a stable shareholder base[9] Research and Development - Research and development expenses increased by 51.46% to CNY 6,431,900.66, reflecting increased investment in R&D projects[13] - Research and development expenses for Q1 2021 were CNY 6,431,900.66, an increase of 51.6% from CNY 4,246,672.60 in Q1 2020[29] Expenses - The company reported a significant decrease in sales expenses by 83.96% to CNY 1,629,919.42 due to changes in the scope of consolidation[13] - The company incurred management expenses of CNY 2,114,104.40 in Q1 2021, an increase of 8.8% from CNY 1,942,501.12 in Q1 2020[33] - Financial expenses decreased to CNY -6,622,519.56 in Q1 2021 from CNY -9,406,260.96 in Q1 2020, reflecting a reduction of 29.8%[33] Loans and Financing - The company obtained a loan of ¥100 million from its controlling shareholder to repay existing loans from Industrial Bank, with an interest rate of 5.4%[17] Equity - The company’s total equity increased to ¥884,126,063.83 as of March 31, 2021, from ¥868,118,352.13 at the end of 2020[23] - The company’s equity totaled CNY 1,366,489,545.25 in Q1 2021, compared to CNY 1,361,959,677.02 in Q1 2020[27] Government Support - Government subsidies recognized in the current period amounted to CNY 329,575.71, contributing to non-operating income[14] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[31]