China Bester (SH:603220)2021-04-28 16:00Financial Performance - Operating revenue increased by 287.97% to CNY 485,474,541.00 compared to the same period last year[18] - Net profit attributable to shareholders was CNY 15,377,518.28, a turnaround from a loss of CNY 24,182,515.52 in the previous year, representing a 163.59% increase[18] - Basic earnings per share improved to CNY 0.0455 from a loss of CNY -0.0716, marking a 163.55% increase[21] - The net profit after deducting non-recurring gains and losses was CNY 12,461,306.28, an increase of 145.55% compared to the previous year[18] - The net profit for Q1 2021 was ¥17,239,898.71, a turnaround from a net loss of ¥26,354,640.50 in Q1 2020[59] - The total comprehensive income for Q1 2021 was ¥17,227,806.76, compared to a loss of ¥32,036,951.81 in Q1 2020[59] - The company reported a total profit of CNY 13,019,267.67 for Q1 2021, contrasting with a loss of CNY -27,660,783.07 in Q1 2020, showcasing a strong recovery in financial performance[64] Cash Flow - Net cash flow from operating activities was negative at CNY -313,989,852.77, a decline of 46.24% compared to the previous year[18] - The net cash flow from operating activities for Q1 2021 was -¥313,989,852.77, a 46.24% increase in cash outflow compared to -¥214,715,769.71 in Q1 2020[38] - The company reported a net cash outflow from operating activities of CNY -313,989,852.77 in Q1 2021, compared to CNY -214,715,769.71 in Q1 2020, reflecting increased operational costs[67] - The total cash flow for the period was negative at ¥421,746,444.74, an improvement from a negative cash flow of ¥675,176,375.58 in Q1 2020[73] Assets and Liabilities - Total assets decreased by 10.44% to CNY 3,410,548,079.59 compared to the end of the previous year[18] - Current liabilities decreased from ¥2,088,368,830.25 to ¥1,616,122,080.27, a reduction of about 22.6%[44] - Total liabilities decreased from ¥2,116,409,004.90 to ¥1,702,191,784.22, a reduction of approximately 19.5%[46] - The company's equity attributable to shareholders increased from ¥1,608,386,178.39 to ¥1,623,651,978.87, an increase of about 0.9%[46] Shareholder Information - The total number of shareholders at the end of the reporting period was 29,137[24] - The largest shareholder, Li Liubing, holds 27.87% of the shares, with 94,149,200 shares pledged[24] Government Support - The company received government subsidies amounting to CNY 3,389,610.23 related to its normal business operations[20] Research and Development - Research and development expenses rose by 42.69% to ¥17,751,148.68 from ¥12,440,778.16 in Q1 2020[37] - Research and development expenses for Q1 2021 were CNY 11,150,487.69, slightly up from CNY 10,181,231.25 in Q1 2020, indicating continued investment in innovation[62] Inventory and Receivables - Other receivables increased by 78.23% to ¥77,175,845.81 compared to ¥43,300,301.85 at the end of 2020[32] - Inventory increased slightly from ¥218,050,005.98 to ¥221,026,161.47, an increase of approximately 1.4%[50] Financial Management - The company incurred financial expenses of CNY -63,748.40 in Q1 2021, a decrease from CNY 668,732.63 in Q1 2020, indicating improved financial management[62] - The company reported a significant decrease in financial expenses, down to ¥459,861.91 in Q1 2021 from ¥930,171.59 in Q1 2020[57] Cash and Cash Equivalents - Cash and cash equivalents decreased by 61.22% to ¥324,238,507.30 from ¥836,065,899.78 at the end of 2020[32] - The total cash and cash equivalents at the end of Q1 2021 were CNY 323,813,922.99, up from CNY 165,312,413.32 at the end of Q1 2020[69] - The company's cash and cash equivalents at the end of Q1 2021 stood at ¥224,115,875.49, a decrease from ¥645,862,320.23 at the beginning of the period[73]