Weaver Network(SH:603039)2021-04-28 16:00Financial Performance - Operating revenue for the period was CNY 249,878,103.82, representing a year-on-year increase of 24.10%[18] - Net profit attributable to shareholders of the listed company was CNY 26,064,119.13, up 37.90% from the previous year[18] - Net profit attributable to shareholders after deducting non-recurring gains and losses increased by 53.01% to CNY 15,325,038.11[18] - The company's net profit for Q1 2021 was ¥699,560,753.37, up from ¥657,648,730.16 in Q1 2020, indicating a growth of approximately 6%[49] - The company's operating revenue for Q1 2021 was approximately ¥225.96 million, an increase of 22% compared to ¥185.14 million in Q1 2020[55] - The total profit for Q1 2021 was ¥30.82 million, a significant increase from ¥20.04 million in Q1 2020, marking a growth of 54%[53] - The net profit for Q1 2021 reached ¥26.06 million, up from ¥18.83 million in Q1 2020, representing a growth of 38%[53] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,687,293,080.58, a decrease of 0.94% compared to the end of the previous year[18] - Non-current assets totaled ¥482,252,404.96, down from ¥486,064,161.40, indicating a minor reduction in long-term asset holdings[38] - Total liabilities decreased to ¥1,047,891,234.29 in Q1 2021 from ¥1,250,253,171.39 in the previous year[49] - Current liabilities reached CNY 1,200,469,076.10, while total liabilities were CNY 1,365,914,876.29[76] - Total liabilities reached approximately $1.25 billion, with current liabilities at $1.09 billion and non-current liabilities at $164.4 million[82] Shareholders and Equity - Net assets attributable to shareholders of the listed company increased by 14.27% to CNY 1,538,970,097.02[18] - The total number of shareholders at the end of the reporting period was 5,688[25] - The company's equity attributable to shareholders rose to ¥1,517,185,967.58 in Q1 2021 from ¥1,309,190,614.90 in Q1 2020, marking an increase of about 16%[49] - Shareholders' equity totaled approximately $1.31 billion, with retained earnings of $657.6 million[82] Cash Flow - The net cash flow from operating activities was CNY -82,168,560.70, a decrease of 16.48% compared to the same period last year[18] - In Q1 2021, the cash inflow from operating activities was CNY 362,000,839.69, a significant increase from CNY 205,359,966.60 in Q1 2020, representing a growth of approximately 76.2%[61] - The cash outflow from operating activities totaled CNY 444,169,400.39, compared to CNY 303,738,740.54 in the same period last year, indicating an increase of about 46.2%[61] - The cash inflow from other operating activities was CNY 5,678,363.10, up from CNY 4,501,776.34 in Q1 2020, representing a growth of approximately 26.0%[61] Expenses - R&D expenses rose by 30.19% to ¥50,724,906.68 as a result of increased investment in research and development[31] - Operating expenses increased significantly, with other operating expenses rising by 291.88% to ¥30,638.83 due to increased fixed asset disposals[31] - The company experienced an increase in sales expenses to ¥162.75 million in Q1 2021, up from ¥133.70 million in Q1 2020, which is a rise of 22%[53] Investment and Other Income - Investment income reported a loss of ¥6,574,445.57, attributed to losses recognized from equity investments during the reporting period[31] - Other income increased by 61.43% to ¥14,757,997.26 mainly due to an increase in tax refunds received during the reporting period[31] - Cash paid for taxes increased by 57.35% to ¥33,297,828.41, attributed to higher VAT payments[31]