TANYUAN TECH(SH:603133)2021-04-27 16:00Financial Performance - Operating revenue rose by 18.83% to CNY 134,893,802.43 year-on-year[6] - Net loss attributable to shareholders was CNY -39,439,619.20, a decrease of 175.20% compared to the same period last year[6] - Basic earnings per share were CNY -0.18, compared to CNY -0.07 in the same period last year[6] - Total revenue for Q1 2021 reached ¥134,893,802.43, an increase of 19% compared to ¥113,514,218.37 in Q1 2020[24] - Total operating costs for Q1 2021 were ¥157,693,963.66, up from ¥136,039,178.88 in Q1 2020, reflecting a 16% increase[24] - Net loss for Q1 2021 was ¥40,754,223.72, compared to a net loss of ¥17,017,303.57 in Q1 2020, indicating a significant decline in profitability[25] - Total revenue for Q1 2021 was ¥102,980,438.62, a decrease of 5.4% compared to ¥109,479,464.54 in Q1 2020[26] - Net profit for Q1 2021 reached ¥96,308,376.46, significantly up from ¥5,408,562.82 in Q1 2020, marking an increase of 1,780%[27] Assets and Liabilities - Total assets increased by 9.42% to CNY 1,764,875,414.74 compared to the end of the previous year[6] - Total assets increased to ¥1,764,875,414.74 from ¥1,612,883,502.25, reflecting growth in both current and non-current assets[20] - Total liabilities rose to ¥866,942,160.83 from ¥792,453,621.25, indicating an increase in both current and non-current liabilities[19] - The company's total assets as of March 31, 2021, amounted to ¥1,503,216,612.69, an increase from ¥1,371,851,713.45 at the end of 2020[22] - Current assets totaled ¥566,420,297.08 as of March 31, 2021, compared to ¥425,793,532.12 at the end of 2020, representing a 33% increase[22] - The total liabilities as of March 31, 2021, were ¥424,009,280.43, up from ¥388,951,025.15 at the end of 2020[23] - The company's equity increased to ¥1,079,207,332.26 as of March 31, 2021, compared to ¥982,900,688.30 at the end of 2020[23] - The company reported a total asset value of ¥1,612,883,502.25 as of January 1, 2021, compared to ¥1,646,699,179.48 at the end of 2020[36] - The total liabilities decreased from ¥826,269,298.48 at the end of 2020 to ¥792,453,621.25 as of January 1, 2021[37] - The company's total equity remained stable at ¥801,644,071.83 as of January 1, 2021[37] Cash Flow - Net cash flow from operating activities decreased by 27.89% to CNY -17,196,883.34[6] - Cash flow from operating activities decreased by 20.27% to -¥17,196,883.34 from -¥14,298,344.08 due to reduced sales collections[14] - Cash flow from investing activities improved by 65.03% to -¥20,011,531.54 from -¥57,230,883.36 due to decreased financial investments[14] - Cash flow from financing activities increased significantly by 981.22% to ¥64,996,635.91 from ¥6,011,403.81 due to reduced loan repayments[14] - Operating cash flow for Q1 2021 was -¥17,196,883.34, compared to -¥14,298,344.08 in Q1 2020[29] - The net cash flow from investing activities for Q1 2021 was -¥20,011,531.54, an improvement from -¥57,230,883.36 in Q1 2020[30] - In Q1 2021, the net cash flow from operating activities was ¥16,858,825.62, a significant increase of 129.3% compared to ¥7,341,115.63 in Q1 2020[32] - The net cash flow from financing activities improved to ¥50,444,335.54 in Q1 2021, compared to a negative cash flow of ¥32,705,361.49 in Q1 2020[33] Shareholder Information - The total number of shareholders reached 26,709[11] - The largest shareholder, Xu Shizhong, holds 31.58% of the shares, with 66,399,353 shares pledged[11] Other Financial Metrics - Government subsidies recognized in the current period amounted to CNY 1,289,297.02[7] - The company reported a total non-recurring gains and losses of CNY 1,498,077.49[9] - Accounts receivable decreased by 38.13% to ¥2,710,489.44 from ¥4,380,637.13 due to reduced customer supply chain financing[12] - Short-term borrowings increased by 37.52% to ¥207,450,253.70 from ¥150,849,928.44[12] - Other receivables surged by 6085.41% to ¥109,261,971.63 from ¥1,766,446.70 due to the increase in receivables from the transfer of subsidiary equity[12] - Sales expenses decreased by 35.96% to ¥3,837,201.82 from ¥5,991,676.96 as a result of new accounting standards[12] - Investment income fell by 45.24% to ¥635,167.05 from ¥1,159,979.37 due to reduced financial investment returns[12] - Research and development expenses for Q1 2021 were ¥10,373,989.70, down from ¥14,781,029.14 in Q1 2020, reflecting a 30% decrease[24] - The company reported a significant increase in other receivables, which rose to ¥255,511,105.20 from ¥120,593,061.91, indicating a 112% increase[22] - The company holds long-term equity investments valued at CNY 666,410,130.94, suggesting a strategic focus on investment growth[39] - The company has a capital reserve of CNY 457,691,793.94, which can be utilized for future expansion or investments[41] - The company reported an undistributed profit of CNY 277,979,059.63, indicating retained earnings available for reinvestment[41]