ADD(SH:603089)2021-04-28 16:00Financial Performance - Net profit attributable to shareholders increased by 928.13% to CNY 50,796,859.16 compared to the same period last year[7]. - Operating revenue rose by 76.09% to CNY 328,788,756.81 compared to the same period last year[7]. - Basic earnings per share increased by 1,050.00% to CNY 0.23 compared to the same period last year[7]. - The weighted average return on equity increased by 4.25 percentage points to 4.84% compared to the same period last year[7]. - Total operating income for Q1 2021 was CNY 174,163,918.29, a 99.4% increase from CNY 87,544,894.14 in Q1 2020[36]. - Net profit attributable to shareholders of the parent company reached CNY 50,796,859.16, compared to CNY 4,940,717.13 in the same period last year, marking a significant increase[35]. - Total comprehensive income for Q1 2021 was CNY 53,669,160.42, significantly higher than CNY 10,712,514.51 in Q1 2020[35]. - The company reported an operating profit of CNY 55,904,546.89, compared to CNY 12,423,076.05 in Q1 2020, indicating improved operational efficiency[34]. Cash Flow - The net cash flow from operating activities decreased by 88.29% to CNY 4,110,706.17 compared to the same period last year[7]. - The net cash flow from operating activities for Q1 2021 was 4,110,706.17 RMB, a decrease of 88.3% compared to 35,101,551.48 RMB in Q1 2020[39]. - Total cash inflow from operating activities was 391,888,514.02 RMB, up 11.4% from 350,182,615.73 RMB in the previous year[39]. - Cash outflow from operating activities increased to 387,777,807.85 RMB, compared to 315,081,064.25 RMB in Q1 2020, reflecting a rise of 23.0%[39]. - The net cash flow from investing activities was 4,612,595.96 RMB, a significant improvement from a negative 186,321,670.13 RMB in the same period last year[39]. - Cash inflow from investing activities totaled 64,227,175.28 RMB, compared to a cash outflow of 1,147,441.10 RMB in Q1 2020[39]. - The net cash flow from financing activities was -64,890.78 RMB, a decrease from 211,165,630.95 RMB in Q1 2020, indicating a shift in financing strategy[40]. - The company reported a net cash outflow of 7,933,691.63 RMB in Q1 2021, contrasting with a net increase of 65,565,889.66 RMB in Q1 2020[42]. Assets and Liabilities - Total assets increased by 2.87% to CNY 1,855,246,010.95 compared to the end of the previous year[7]. - Total current assets as of March 31, 2021, were RMB 956.44 million, up 9.39% from RMB 874.36 million at the end of 2020[24]. - Non-current assets totaled CNY 898,806,966.66, down from CNY 929,162,778.62 in the previous quarter, reflecting a decrease of approximately 3.3%[26]. - Total liabilities decreased slightly to CNY 628,827,652.56 from CNY 631,072,808.85, a reduction of approximately 0.4%[26]. - The company’s total liabilities decreased by 37.04% in other payables, from RMB 12.96 million to RMB 8.16 million[14]. - Shareholders' equity rose to CNY 1,226,418,358.39, up from CNY 1,172,447,748.83, indicating an increase of about 4.6%[26]. - Cash and cash equivalents amounted to CNY 46,949,164.75, down from CNY 52,639,156.38, a decrease of approximately 10.5%[28]. - Inventory increased to CNY 63,379,634.50 from CNY 54,941,047.64, reflecting a growth of about 15.4%[29]. - Accounts payable decreased to CNY 245,628,078.90 from CNY 270,239,254.33, a decline of approximately 9.1%[26]. Investments and Expenses - R&D expenses rose by 70.52% to RMB 14.53 million in Q1 2021, attributed to higher investment in new product development[13][15]. - The company reported a significant investment income of RMB 36.59 million in Q1 2021, a substantial increase from a loss of RMB 1.88 million in Q1 2020, primarily from the sale of a subsidiary[13][20]. - The company incurred a financial expense of CNY 2,067,629.31, slightly down from CNY 2,174,957.29 in Q1 2020[36]. - The company reported an investment income of CNY 4,287,974.32, compared to CNY 1,214,377.72 in Q1 2020, reflecting better investment performance[36]. Market and Future Outlook - The company has not indicated any significant changes in net profit expectations for the year[21]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[33].