CZTL(SH:603158)2021-04-28 16:00Financial Performance - Total revenue for Q1 2021 reached CNY 486,111,765.74, an increase of 75.69% compared to the same period last year[5] - Net profit attributable to shareholders was CNY 40,625,518.86, reflecting a growth of 66.42% year-on-year[5] - Basic earnings per share increased to CNY 0.21, up 75.00% from CNY 0.12 in the previous year[5] - The company reported a total comprehensive income of ¥53,576,030.70 for Q1 2021, compared to ¥29,995,692.99 in Q1 2020[24] - Net profit for Q1 2021 was ¥55,751,674.57, representing a 84.6% increase from ¥30,157,465.07 in Q1 2020[24] - The net profit attributable to shareholders of the parent company was ¥45,033,297.27, up 75.0% from ¥25,733,096.22 in Q1 2020[24] - Operating profit for Q1 2021 reached ¥20,423,086, up from ¥1,605,397 in Q1 2020, marking a growth of 1,272.5%[27] - Net profit for Q1 2021 was ¥19,700,132, compared to ¥1,191,062 in Q1 2020, representing a year-over-year increase of 1,553.5%[27] Cash Flow - Net cash flow from operating activities was negative at CNY -16,348,186.32, a decline of 152.79% compared to the same period last year[5] - Cash flow from operating activities showed a net outflow of ¥16,348,186 in Q1 2021, a decline from a net inflow of ¥30,968,877 in Q1 2020[29] - The net cash flow from operating activities for Q1 2021 was ¥25,967,573.30, a decrease of 5.8% compared to ¥27,583,230.83 in Q1 2020[30] - The net cash flow from financing activities in Q1 2021 was a negative ¥53,747,014, compared to a negative ¥2,735,035 in Q1 2020[29] - The net cash flow from investing activities was -¥18,047,965.71, an improvement from -¥48,248,550.85 in Q1 2020[30] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,959,015,948.65, a decrease of 1.04% from the end of the previous year[5] - Total liabilities decreased to CNY 1,483,749,474.72, down 5.03% from CNY 1,562,547,237.62[17] - Current assets totaled CNY 1,665,173,863.39, down 2.83% from CNY 1,713,623,727.82 at the end of 2020[15] - Total liabilities amounted to ¥1,184,081,298.27, compared to ¥1,152,051,347.75 at the end of Q1 2020[23] - Total assets as of March 31, 2021, were ¥2,990,237,680.85, a slight decrease from ¥3,006,242,138.00 at the end of 2020[32] Shareholder Information - The number of shareholders at the end of the reporting period was 10,468[9] - The largest shareholder, Tenglong Technology Group Co., Ltd., held 31.46% of the shares, with 43,300,000 shares pledged[9] - Shareholders' equity increased to CNY 1,475,266,473.93, up 3.32% from CNY 1,427,690,443.23[17] - The company's total equity remained stable at ¥1,427,690,443.23 as of March 31, 2021[34] Operating Costs and Expenses - The gross profit margin decreased due to an increase in operating costs, with operating costs rising to RMB 338,734,513.86, an 83.11% increase from RMB 184,985,533.24 in the previous year[12] - Research and development expenses increased by 53.51% to RMB 22,277,303.86, up from RMB 14,512,004.17 in Q1 2020, indicating a focus on innovation[12] - The company’s management expenses increased by 31.15% to RMB 32,320,912.93, attributed to new leasing standards and increased employee compensation[12] - The company incurred financial expenses of ¥10,536,739 in Q1 2021, compared to ¥5,038,014 in Q1 2020, indicating a rise of 109.4%[27] Future Outlook - The company has not disclosed any new product developments or market expansion strategies in this report[5] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[23] - The company is in the process of a non-public offering of A-shares, which was approved by the board and is pending completion[13]