Yuejian Intelligent(SH:603095)2021-04-26 16:00Financial Performance - The company's operating revenue for Q1 2021 increased by 74.89% year-on-year, reaching RMB 312.78 million, compared to RMB 178.85 million in Q1 2020[6] - Net profit attributable to shareholders rose by 53.48% year-on-year to RMB 51.77 million, up from RMB 33.73 million in the same period last year[7] - The net cash flow from operating activities increased by 67.03% year-on-year, amounting to RMB 50.89 million, compared to RMB 30.47 million in Q1 2020[7] - Revenue for the current period reached ¥312,779,036.97, a 74.89% increase compared to ¥178,847,200.80 in the same period last year, primarily due to improved sales conditions[16] - Operating profit for Q1 2021 was ¥59,696,153.08, representing a 50.7% increase from ¥39,648,118.80 in Q1 2020[30] - Net profit for Q1 2021 after tax was ¥51,767,511.27, compared to ¥33,728,918.30 in Q1 2020, marking a growth of 53.6%[30] - The total comprehensive income for Q1 2021 was CNY 53,399,159.74, compared to CNY 18,873,575.81 in Q1 2020, showing a significant increase[35] Cash Flow and Liquidity - Cash and cash equivalents increased by 60.07% to RMB 637.64 million, primarily due to the redemption of financial products[14] - The net cash flow from operating activities for Q1 2021 was ¥67,318,966.74, an increase of 114% compared to ¥31,486,241.34 in Q1 2020[40] - Total cash inflow from investment activities reached ¥1,393,453,534.53, up from ¥460,061,013.87 in the same period last year, marking a significant increase of 202%[40] - Cash and cash equivalents at the end of Q1 2021 totaled ¥615,602,207.56, compared to ¥248,311,306.42 at the end of Q1 2020, reflecting a year-over-year increase of 148%[41] - The total cash inflow from operating activities was ¥297,793,768.07, an increase of 69% from ¥175,651,320.78 in Q1 2020[40] Assets and Liabilities - Total assets at the end of the reporting period were RMB 2.88 billion, reflecting a 7.34% increase from RMB 2.69 billion at the end of the previous year[7] - Total assets as of March 31, 2021, amounted to ¥2,884,501,116.20, up from ¥2,687,211,892.91 at the end of 2020[22] - Total liabilities as of March 31, 2021, were ¥871,738,866.22, compared to ¥701,479,724.28 at the end of 2020, indicating an increase of 24.3%[27] - Total liabilities reached CNY 744,699,768.38, with current liabilities at CNY 739,320,590.50[45] Shareholder Information - The number of shareholders at the end of the reporting period was 14,163, with the largest shareholder, Zhejiang Yuejian Holdings, holding 34.98% of the shares[11] - Shareholders' equity totaled CNY 1,942,512,124.53, with retained earnings of CNY 462,189,440.30[45] Research and Development - R&D expenses surged by 89.95% to ¥10,427,048.14 from ¥5,489,487.07, as the company resumed normal R&D activities after pandemic-related reductions in the previous year[16] - The company reported a significant increase in R&D expenses, which rose to ¥10,427,048.14 in Q1 2021, up from ¥5,489,487.07 in Q1 2020, reflecting an increase of 89.5%[30] - Research and development expenses for Q1 2021 amounted to CNY 10,427,048.14, which is a 90% increase from CNY 5,489,487.07 in Q1 2020[33] Government Support - The company received government subsidies amounting to RMB 957,388.54, which are closely related to its normal business operations[10] Operational Changes - The company has completed several land and building demolition projects as part of local government initiatives, ensuring continued operational capacity during the transition[19] - The company plans to maintain normal production during the relocation of its facilities, with effective measures in place to manage customer orders[19] Financial Standards and Reporting - The company executed the new leasing standards effective January 1, 2021, impacting financial statement adjustments[49] - The new lease accounting standard was first implemented in 2021, with retrospective adjustments made to prior comparative data[50] - The audit report is not applicable for this period[50]