THDB(SH:600867)2021-04-26 16:00Financial Performance - Net profit attributable to shareholders rose by 21.33% to CNY 336,658,081.42 year-on-year[7] - Operating revenue grew by 14.52% to CNY 822,877,442.06 compared to the same period last year[7] - Basic earnings per share increased by 21.43% to CNY 0.17 per share[7] - Total operating revenue for Q1 2021 was ¥822,877,442.06, an increase of 14.6% compared to ¥718,550,953.33 in Q1 2020[39] - Net profit for Q1 2021 reached ¥336,685,623.32, representing a 21.5% increase from ¥277,081,601.81 in Q1 2020[40] - Total profit for Q1 2021 was ¥401,861,778.47, an increase of 23.5% compared to ¥325,189,481.92 in Q1 2020[40] - Operating profit for Q1 2021 was ¥404,173,396.17, up 21.7% from ¥332,097,782.80 in Q1 2020[40] Assets and Liabilities - Total assets increased by 5.66% to CNY 6,131,589,002.63 compared to the end of the previous year[7] - Current liabilities rose to CNY 308,666,204.53 from CNY 208,182,680.98, marking an increase of about 48.3%[29] - The total liabilities increased to CNY 343,949,557.47 from CNY 243,801,452.51, showing an increase of about 41.2%[31] - The company's total assets as of March 31, 2021, amounted to CNY 2,203,154,396.97, compared to CNY 1,922,421,300.76 at the end of 2020[28] - The total equity attributable to shareholders increased to CNY 5,782,142,570.88 from CNY 5,553,989,427.11, indicating a rise of about 4.1%[31] Cash Flow - Net cash flow from operating activities was CNY 371,302,361.29, up 3.85% year-on-year[7] - The net cash flow from operating activities for Q1 2021 was ¥371.30 million, compared to ¥357.55 million in Q1 2020, indicating an increase of approximately 3.9%[49] - The cash inflow from financing activities in Q1 2021 was ¥77.44 million, down from ¥275 million in Q1 2020[50] - The net cash flow from financing activities was negative at ¥44.57 million in Q1 2021, compared to a positive net flow of ¥272.43 million in Q1 2020[50] Shareholder Information - The total number of shareholders reached 101,632 by the end of the reporting period[11] - The largest shareholder, Dongbao Industrial Group Co., Ltd., holds 29.09% of the shares, with 429,819,472 shares pledged[11] - The company completed a share buyback of 9,999,979 shares, accounting for 0.49% of total share capital, with a total payment of CNY 120,624,391.56[24] - The company plans to utilize the repurchased shares for equity incentives and/or employee stock ownership plans[24] Research and Development - The company’s R&D expenses rose by 70.03% to CNY 37,980,616.37, reflecting an intensified investment in research and development[19] - Research and development expenses increased to ¥37,980,616.37 in Q1 2021, up 70.5% from ¥22,336,977.46 in Q1 2020[39] Non-Recurring Gains and Losses - Non-recurring gains and losses included government subsidies of CNY 765,255.52 and investment income from idle funds of CNY 665,372.70[10] - The company reported a total of CNY 52,313.46 in other non-recurring gains and losses after tax adjustments[11] Inventory and Prepayments - Prepayments increased by 213.16% to CNY 107,561,857.58, attributed to higher material payments during the reporting period[17] - The company's inventory decreased to CNY 497,368,800.70 from CNY 537,578,254.49, indicating a reduction in stock levels[28] - The company's inventory decreased to CNY 282,112,630.73 from CNY 314,723,187.96, a decline of approximately 10.4%[34] Financial Expenses - The financial expenses showed a significant decrease of 235.65%, resulting in a net financial income of CNY -2,140,759.25[19] - The company reported a financial expense of -¥2,140,759.25 in Q1 2021, a significant improvement from ¥1,578,173.82 in Q1 2020[39] Future Plans - The company plans to continue expanding its market presence and investing in new product development, although specific figures were not disclosed in the report[38] - The company plans to continue expanding its market presence and investing in new product development to drive future growth[41]