MYL(SH:600993)2021-04-23 16:00Financial Performance - Operating revenue surged by 156.87% to CNY 860,956,194.27 year-on-year[10] - Net profit attributable to shareholders rose by 7.21% to CNY 117,260,477.51 compared to the same period last year[10] - Basic earnings per share increased by 8.00% to CNY 0.27[10] - The company's operating revenue reached ¥860,956,194.27, a significant increase of 156.87% compared to ¥335,170,839.54 in the previous period, primarily due to business expansion and the impact of the pandemic last year[17] - Operating profit for Q1 2021 was ¥141,931,707.20, up from ¥122,514,218.42 in Q1 2020, reflecting a growth of 15.8%[39] - Net profit for Q1 2021 was ¥118,116,031.57, compared to ¥103,641,430.69 in Q1 2020, representing an increase of 13.9%[39] - Total comprehensive income for Q1 2021 was ¥118,173,435.47, up from ¥103,961,094.94 in Q1 2020, reflecting an increase of 13.7%[40] Asset and Liability Changes - Total assets increased by 3.48% to CNY 4,000,994,184.89 compared to the end of the previous year[10] - The total assets increased to ¥4,000,994,184.89 from ¥3,866,460,232.46, indicating growth in the company's asset base[24] - Total liabilities increased to $937.02 million from $919.89 million, reflecting a growth of approximately 1.5%[27] - Current liabilities decreased to $753.56 million from $801.43 million, a reduction of about 5.9%[27] - Total equity rose to $3.06 billion from $2.95 billion, marking an increase of approximately 3.5%[29] - Non-current liabilities rose to $183.46 million from $118.46 million, an increase of approximately 55%[27] - Total liabilities rose from ¥919,893,217.67 to ¥1,006,639,716.38, indicating an increase of ¥86,746,498.71[65] Cash Flow Analysis - Cash flow from operating activities showed a significant decline of 2,604.95% to -CNY 119,998,544.41[10] - The net cash flow from operating activities was -¥119,998,544.41, a drastic decline of 2604.95% from ¥4,790,460.17 in the previous period, mainly due to reduced employee compensation and tax payments last year[20] - The company experienced a net cash outflow from investment activities of approximately -$695.67 million, compared to -$124.42 million in Q1 2020, reflecting a deterioration in investment cash flow[51] - The overall net increase in cash and cash equivalents for the parent company was approximately -$603.16 million, contrasting with a positive increase of $26.05 million in Q1 2020[59] Shareholder Information - The number of shareholders reached 54,627, with the top ten shareholders holding a combined 37.77% of shares[12] - Unappropriated profits increased to $2.12 billion from $2.00 billion, reflecting a growth of approximately 5.9%[27] Investment and Expenses - Research and development expenses rose to ¥14,730,343.51, a 45.93% increase from ¥10,094,062.74, driven by project progress requirements[17] - The company reported an investment income of ¥6,288,730.65 in Q1 2021, a turnaround from a loss of ¥61,925,581.44 in Q1 2020[39] - The company’s total operating costs for Q1 2021 were ¥713,624,221.79, compared to ¥241,194,366.87 in Q1 2020, which is an increase of 195.5%[39] Government Support - The company received government subsidies amounting to CNY 2,858,740.04, which are closely related to its normal business operations[10]