Kinwong(SH:603228)2021-04-27 16:00Financial Performance - Operating revenue for the first quarter reached CNY 2.07 billion, a 43.99% increase year-on-year[4] - Net profit attributable to shareholders was CNY 254.39 million, up 14.81% from the same period last year[4] - Basic and diluted earnings per share were both CNY 0.30, representing a 15.38% increase compared to CNY 0.26 in the previous year[5] - The company's net profit margin improved, with net profit for Q1 2021 reflecting a positive trend due to increased revenue and controlled costs[20] - The total profit for Q1 2021 was CNY 285.90 million, compared to CNY 259.15 million in Q1 2020, marking a 10.3% increase[21] - The net profit for Q1 2021 reached CNY 251.51 million, up 11.3% from CNY 226.02 million in Q1 2020[21] Cash Flow and Investments - Net cash flow from operating activities was CNY 484.80 million, reflecting a 3.42% increase year-on-year[4] - The net cash flow from investing activities was negative at CNY -866,405,005.65, a significant decrease of 704.89% from CNY 143,233,475.64, due to ongoing investments in new factory equipment[13] - Cash and cash equivalents decreased to CNY 1,613,367,941.23 from CNY 2,020,499,630.72, a decline of about 20.14% year-over-year[15] - The total cash outflow from investing activities reached CNY 2,531,074,514.03, significantly higher than CNY 1,509,879,809.77 in the previous year, indicating an increase of approximately 67.2%[27] - The company's cash flow from operating activities was CNY 2.12 billion in Q1 2021, compared to CNY 1.91 billion in Q1 2020, indicating a growth of 11.0%[25] Assets and Liabilities - Total assets increased by 7.13% to CNY 12.97 billion compared to the end of the previous year[4] - Total current assets as of March 31, 2021, amounted to ¥7,570,210,745.11, an increase from ¥7,199,840,202.51 as of December 31, 2020, representing a growth of approximately 5.14%[15] - Total liabilities as of March 31, 2021, were ¥5,945,963,673.93, compared to ¥5,348,679,737.43, marking an increase of approximately 11.14%[17] - Total equity increased to ¥7,022,861,307.78 from ¥6,756,828,096.92, representing a growth of about 3.94%[17] - The company's long-term borrowings slightly increased to ¥9,874,721.35 from ¥9,775,586.35, reflecting a growth of approximately 1.01%[17] Shareholder Information - The total number of shareholders at the end of the reporting period was 27,975[7] - The top two shareholders, Shenzhen Jinghong Yongtai Investment Holding Co., Ltd. and Zhichuang Investment Co., Ltd., each held 34.43% of the shares[7] Operational Metrics - Operating costs increased by 50.25% to CNY 1,529,412,614.21 from CNY 1,017,883,975.70, influenced by sales growth and rising raw material prices[12] - Research and development expenses increased to ¥84,525,078.49 in Q1 2021, compared to ¥72,055,046.57 in Q1 2020, reflecting a growth of 17.3%[20] - The company's management expenses rose by 42.05% to CNY 131,463,432.01 from CNY 92,544,614.35, mainly due to expenses related to the establishment of new factories[12] Market and Product Development - The company has not disclosed any new product developments or market expansion strategies in this report[3]