SGC(SH:603269)2021-04-28 16:00Financial Performance - Operating revenue surged by 284.24% to CNY 135,604,531.83 from CNY 35,291,277.55 in the same period last year[6] - Net profit attributable to shareholders reached CNY 2,049,720.10, a significant turnaround from a loss of CNY 14,803,369.54 in the previous year, marking a 113.85% increase[6] - Basic and diluted earnings per share improved to CNY 0.02 from CNY -0.16, reflecting a 112.5% increase[6] - Net profit for the quarter was RMB 1.89 million, a significant turnaround from a net loss of RMB 14.83 million in the previous year, marking an increase of 112.76%[15] - Gross profit for Q1 2021 was CNY 4,165,481.02, up from CNY -15,458,818.24 in Q1 2020, marking a turnaround in profitability[31] - The net profit for Q1 2021 reached CNY 4,214,320.29, compared to a net loss of CNY 8,111,677.48 in the same period last year, indicating a turnaround in profitability[35] - The total profit for Q1 2021 was CNY 4,958,023.87, compared to a total loss of CNY -8,111,677.48 in the same quarter of the previous year[35] Cash Flow - The net cash flow from operating activities was negative at CNY -55,059,950.07, worsening by 100.86% compared to the previous year[6] - The cash inflow from operating activities totaled CNY 181,080,230.81, which was higher than CNY 134,534,727.81 in the previous year, showing an increase of approximately 34.5%[38] - The net cash flow from investment activities was -CNY 43,368,303.20, compared to -CNY 14,006,459.45 in the previous year, reflecting a decline of approximately 209%[39] - The net cash flow from financing activities improved to CNY 51,948,802.61 from CNY 29,516,287.97, marking an increase of about 76%[39] - The company reported a net cash decrease of CNY 46,492,892.03 in Q1 2021, worsening from a decrease of CNY 12,652,619.48 in Q1 2020[39] Assets and Liabilities - Total assets increased by 4.78% to CNY 2,214,727,392.07 compared to the end of the previous year[6] - The company’s total assets increased significantly, with fixed assets rising by 36.87% to RMB 337.14 million, reflecting ongoing investments in infrastructure[14] - The company reported total liabilities of CNY 1,242,173,108.37, with current liabilities constituting CNY 1,117,252,500.31[46] - The total amount of contract liabilities was CNY 471,914,943.25, suggesting a strong order backlog[46] - The company’s total liabilities increased, with contract liabilities rising to ¥584,022,632.10 from ¥471,914,943.25, reflecting a growth of 23.73%[25] Shareholder Information - The total number of shareholders reached 6,939 by the end of the reporting period[9] - The top shareholder, Jin Ao Da, holds 17.91% of shares, totaling 20,155,873 shares[10] - The company has committed to maintaining a consistent action agreement among major shareholders to ensure stable management and operational decisions[12] Research and Development - Research and development expenses increased by 62.44% to RMB 2.72 million, compared to RMB 1.68 million in the previous year, indicating a focus on innovation[15] - Research and development expenses for Q1 2021 amounted to CNY 2,721,506.45, compared to CNY 1,675,408.47 in Q1 2020, reflecting an increase of approximately 62%[31] Operational Efficiency - Operating costs rose to RMB 91.39 million, reflecting a 304.63% increase from RMB 22.59 million, primarily due to an increase in completed project acceptance[14] - The company experienced a significant reduction in operating costs, which were CNY 74,110,233.46 in Q1 2021 compared to CNY 11,529,112.55 in Q1 2020, reflecting operational efficiency improvements[34] Market Presence and Strategy - The company has not disclosed any new product developments or market expansion strategies in this report[6] - The company plans to continue expanding its market presence, as indicated by a 71.22% increase in sales expenses to RMB 19.84 million, compared to RMB 11.59 million in the previous year[15] Financial Management - The company’s financial expenses decreased by 73.87% to RMB 1.02 million, down from RMB 3.89 million, mainly due to reduced exchange losses[15] - The company's financial expenses decreased to CNY 1,005,081.50 in Q1 2021 from CNY 1,821,486.81 in Q1 2020, indicating improved cost management[34]