Wondertek(SH:603189)2021-04-14 16:00Financial Performance - Operating revenue for the period reached CNY 93,769,075.42, representing a year-on-year increase of 27.91%[6] - Net profit attributable to shareholders of the listed company was CNY 22,239,816.96, up 37.43% from the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 47.03% to CNY 19,631,319.13[6] - Basic earnings per share rose by 42.86% to CNY 0.10[7] - Operating profit for Q1 2021 was CNY 24,687,643.50, a significant increase from CNY 12,728,265.10 in Q1 2020[29] - Net profit for Q1 2021 was CNY 22,239,816.96, up 37.3% from CNY 16,182,685.66 in Q1 2020[28] - Total revenue for Q1 2021 reached ¥93,769,075.42, an increase of 27.9% compared to ¥73,309,539.64 in Q1 2020[29] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,055,129,443.32, a decrease of 2.92% compared to the end of the previous year[6] - Total assets decreased to ¥1,055,129,443.32 from ¥1,086,840,897.06[19] - Current liabilities decreased to ¥131,117,057.49 from ¥191,373,116.07, reflecting a reduction in accounts payable and contract liabilities[19] - Total liabilities decreased slightly to ¥371,436,642.23 in Q1 2021 from ¥372,329,653.08 in Q4 2020, a decline of 0.2%[23] Cash Flow - The net cash flow from operating activities improved significantly, with a net outflow of CNY -4,800,460.75, a 89.48% improvement compared to the previous year[6] - Cash flow from operating activities showed a net outflow of CNY 4,800,460.75, an improvement from a net outflow of CNY 45,623,269.33 in Q1 2020[31] - The net cash flow from investment activities was ¥101,254,497.80, compared to ¥42,915,840.58 in Q1 2020, showing an increase of approximately 135.5%[36] - The company reported a significant increase in cash inflow from investment activities, totaling CNY 242,215,330.89 in Q1 2021 compared to CNY 388,618,244.96 in Q1 2020[32] Shareholder Information - The total number of shareholders at the end of the reporting period was 26,526[11] - The largest shareholder, Jiang Hongye, held 43.21% of the shares, totaling 95,400,000 shares[11] Expenses - Sales expenses increased by 144.69% to ¥5,495,674.28 from ¥2,245,937.06, driven by market expansion efforts for new products[14] - Management expenses rose by 75.56% to ¥8,559,559.14 from ¥4,875,651.90, primarily due to increased salary costs and subsidiary establishment expenses[14] - The company incurred sales expenses of CNY 4,268,458.00 in Q1 2021, up from CNY 1,310,658.65 in Q1 2020, indicating increased marketing efforts[29] Accounts Receivable and Inventory - Accounts receivable rose by 53.96% to ¥174,050,371.73 from ¥113,052,472.08, attributed to recognized revenue not yet collected[13] - Inventory decreased to ¥21,971,616.53 in Q1 2021 from ¥26,969,093.24 in Q4 2020, a decline of 18.5%[22] Research and Development - Development expenditures surged by 86.16% to ¥18,267,703.52 from ¥9,812,732.80, mainly due to high-definition video R&D projects[13] - Research and development expenses for Q1 2021 were CNY 11,806,257.15, a decrease from CNY 12,439,607.37 in Q1 2020[29] Tax and Profitability - The company reported a tax expense of CNY 1,428,657.04 for Q1 2021, compared to CNY 761,543.97 in Q1 2020, reflecting higher profitability[28] - The weighted average return on net assets increased by 0.50 percentage points to 2.47%[6]