SUNOREN(SH:603105)2021-04-19 16:00Financial Performance - Operating revenue decreased by 6.90% to CNY 86,424,632.02 year-on-year[5] - Net profit attributable to shareholders increased by 17.67% to CNY 10,275,811.42 compared to the same period last year[5] - Net profit excluding non-recurring gains and losses rose by 55.47% to CNY 9,781,033.02 year-on-year[5] - Basic earnings per share remained stable at CNY 0.02[7] - The weighted average return on equity increased by 0.07 percentage points to 0.67%[5] - Total operating revenue for Q1 2021 was ¥86,424,632.02, a decrease of 6.5% compared to ¥92,825,914.59 in Q1 2020[26] - Total operating costs for Q1 2021 were ¥81,502,051.16, down 12.5% from ¥93,098,048.45 in Q1 2020[26] - Net profit for Q1 2021 reached ¥10,275,811.42, an increase of 17.7% from ¥8,732,604.21 in Q1 2020[27] Assets and Liabilities - Total assets increased by 6.73% to CNY 2,985,117,208.83 compared to the end of the previous year[5] - The total number of shareholders reached 47,523 at the end of the reporting period[11] - The total current assets reached ¥588,902,810.04, up from ¥444,935,236.51 at the end of 2020, indicating a rise of 32.36%[18] - The company's total assets amounted to ¥2,985,117,208.83 as of March 31, 2021, up from ¥2,796,887,684.92 at the end of 2020, showing a growth of 6.71%[20] - The total liabilities rose to ¥1,442,562,302.25, compared to ¥1,264,608,589.76 at the end of 2020, reflecting an increase of 14.09%[20] - The company's total equity reached ¥1,591,642,495.76 in Q1 2021, compared to ¥1,479,483,634.37 in Q1 2020, reflecting a growth of 7.6%[23] Cash Flow - Cash flow from operating activities decreased by 46.79% to CNY 8,725,852.23 compared to the previous year[5] - Cash received from operating activities decreased by 69.90% to RMB 37,179,046.68, primarily due to reduced bank acceptance guarantees[15] - The company's cash and cash equivalents increased to ¥217,436,568.78 as of March 31, 2021, compared to ¥68,559,287.26 at the end of 2020, representing a growth of 217.36%[18] - The cash inflow from investment activities amounted to $118,988,615.78, compared to $38,019,520.00 in the previous period, indicating increased investment activity[37] - The total cash and cash equivalents at the end of the period reached $154,769,886.06, compared to $21,585,368.97 in the previous period, showing a substantial increase[37] Expenses and Income - Sales expenses decreased by 67.09% to RMB 176,294.32, attributed to reduced transportation costs[15] - Other income decreased by 57.22% to RMB 1,093,842.28 due to lower local electricity price subsidies compared to the same period last year[15] - Investment income turned negative at RMB -287,267.94, a decrease of 3234.16% compared to the previous year, mainly from trading financial assets[15] - Income tax expenses increased by 118.04% to RMB 1,677,116.35 due to the expiration of tax incentives[15] - The company reported a decrease in sales expenses to ¥176,294.32 from ¥535,728.72 in Q1 2020, indicating a cost-cutting strategy[26] Shareholder Information - The largest shareholder, Haining Zhengda, holds 13.98% of the shares with 69,920,000 shares[11] Research and Development - Research and development expenses for Q1 2021 were ¥2,773,995.47, slightly down from ¥2,985,159.66 in Q1 2020[26]