YCIG(SH:600345)2021-04-29 16:00Financial Performance - Net profit attributable to shareholders was CNY 6,051,112.87, compared to a loss of CNY 7,291,161.43 in the same period last year[9]. - Operating revenue for the period was CNY 20,640,486.57, representing a decrease of 24.86% year-on-year[9]. - The weighted average return on net assets was 0.30%, up from -0.37% in the previous year[9]. - Basic earnings per share were CNY 0.03, compared to a loss of CNY 0.04 per share in the same period last year[9]. - Net profit for Q1 2021 was CNY 6,051,112.87, a significant improvement from a net loss of CNY 7,291,161.43 in the previous year[17]. - In Q1 2021, the company reported a net profit of CNY 10,481,600.13, a significant recovery from a net loss of CNY 6,637,700.91 in Q1 2020, representing a turnaround of over 257%[32]. - The total comprehensive income for Q1 2021 was CNY 10,481,600.13, a significant improvement from a comprehensive loss of CNY -6,637,700.91 in Q1 2020[32]. Cash Flow - The net cash flow from operating activities was CNY -37,920,852.69, compared to CNY -23,742,609.02 in the same period last year[9]. - Cash flow from operating activities showed a net outflow of CNY 37,920,852.69, a 59.72% increase in outflow compared to the previous year[17]. - Investment activities generated a net cash inflow of CNY 20,295,798.31 in Q1 2021, a recovery from a net outflow of CNY -939,008.52 in Q1 2020[35]. - The company incurred R&D expenses of CNY 1,224,806.40 in Q1 2021, up from CNY 419,475.00 in Q1 2020, reflecting a growth of about 192%[32]. - The company paid CNY 20,258,345.43 in other operating cash outflows in Q1 2021, compared to CNY 3,625,024.42 in Q1 2020, indicating a substantial increase of approximately 460%[34]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,174,153,028.50, a decrease of 0.22% compared to the end of the previous year[9]. - The total number of shareholders at the end of the reporting period was 22,600[12]. - The largest shareholder, Fenghuo Technology Group Co., Ltd., held 28.63% of the shares[12]. - The company's total liabilities decreased to CNY 55,810,996.29 in Q1 2021 from CNY 61,672,846.03 in Q1 2020, a reduction of 9.3%[27]. - The company’s total liabilities to total assets ratio is approximately 8.29%, indicating a low level of leverage[40]. - The company reported a total liability of 180,770,709.77 RMB, with current liabilities at 174,092,264.78 RMB and non-current liabilities at 6,678,444.99 RMB[40]. Revenue and Expenses - R&D expenses increased by 76.79% to CNY 4,154,729.28, reflecting a stronger focus on innovation[17]. - Sales expenses rose by 34.49% to CNY 3,360,672.65, driven by market expansion efforts[17]. - Total operating costs for Q1 2021 were CNY 30,438,138.90, down 2.4% from CNY 31,178,188.48 in Q1 2020[29]. - The company reported investment income of CNY 15,008,261.79 in Q1 2021, a significant improvement from a loss of CNY 3,685,878.79 in Q1 2020[29]. Inventory and Receivables - Inventory increased by 134.41% to CNY 18,733,665.98 compared to the previous year[15]. - Accounts receivable decreased by 82.67%, indicating improved cash collection[17]. - The company had a total of 120,959,078.15 RMB in accounts receivable, indicating a stable collection of receivables[39]. - The company’s inventory stood at 7,991,944.81 RMB, which is a critical component of its current assets[39]. Shareholder Equity - The total equity attributable to shareholders increased to CNY 2,070,447,466.67 in Q1 2021, compared to CNY 2,059,965,866.54 in Q1 2020[27]. - Shareholders' equity totaled approximately $2.06 billion, including retained earnings of $800.78 million[44]. - The company has a capital reserve of approximately $623.27 million and a surplus reserve of approximately $426.34 million[44]. Other Information - The company received government subsidies amounting to CNY 516,895.50, which are closely related to its normal business operations[8]. - The company is not applying the new leasing standards retroactively, as indicated in the report[45]. - There were no adjustments noted for prior period comparative data under the new leasing standards[45]. - The audit report is not applicable for this period, indicating no significant issues were raised[45].