Tederic(SH:603289)2021-04-29 16:00Financial Performance - Operating revenue for the period reached CNY 240,368,929.41, a 90.51% increase compared to the same period last year[5] - Net profit attributable to shareholders was CNY 39,212,456.07, reflecting a 181.81% increase year-over-year[5] - Basic earnings per share rose to CNY 0.15, a 200% increase compared to CNY 0.05 in the same period last year[5] - The company reported a net profit margin improvement, with net profit for Q1 2021 significantly higher than in the previous year, although specific net profit figures were not disclosed[26] - The total profit for Q1 2021 was CNY 45,034,945.49, up from CNY 16,331,196.03 in Q1 2020, marking an increase of 175.0%[27] - The total comprehensive income for Q1 2021 was CNY 36,174,819.29, compared to CNY 13,039,595.99 in Q1 2020, indicating a growth of 177.5%[27] Assets and Liabilities - Total assets increased by 15.58% to CNY 1,746,060,681.34 compared to the end of the previous year[5] - Total assets as of March 31, 2021, amounted to CNY 1,746,060,681.34, up from CNY 1,510,638,667.97 at the end of 2020[17] - Total liabilities as of March 31, 2021, were CNY 498,690,044.48, compared to CNY 483,200,931.18 at the end of 2020, reflecting a slight increase of about 3.1%[22] - Shareholders' equity as of March 31, 2021, was CNY 1,288,522,115.33, up from CNY 1,058,005,748.92 at the end of 2020, indicating an increase of approximately 21.7%[23] Cash Flow - The net cash flow from operating activities was CNY 42,886,589.50, a significant turnaround from a negative CNY 35,521,668.17 in the previous year, marking a 220.73% increase[5] - The cash flow from operating activities for Q1 2021 was CNY 42,886,589.50, a significant improvement compared to a negative cash flow of CNY -35,521,668.17 in Q1 2020[33] - The company reported a net cash flow from investment activities of CNY 35,695,299.72, compared to a negative cash flow of CNY -2,085,815.81 in Q1 2020, indicating a positive turnaround[37] - The net increase in cash and cash equivalents for the quarter was CNY 280,194,538.26, compared to a decrease of CNY 44,238,648.09 in Q1 2020[38] Shareholder Information - The number of shareholders reached 12,303, with the top ten shareholders holding a significant portion of shares[9] - The number of shares outstanding increased to 296,800,000 following the private placement, up from 266,800,000[12] Research and Development - R&D expenses increased by 80.65% to CNY 12,436,937.46, indicating a stronger investment in new technologies and product development[12] - Research and development expenses for Q1 2021 were CNY 12,436,937.46, compared to CNY 6,884,414.74 in Q1 2020, marking an increase of about 80.5%[26] - The company's R&D expenses in Q1 2021 were CNY 10,425,970.85, which is a 88.5% increase from CNY 5,528,095.44 in Q1 2020[29] Operating Costs - Operating costs rose to CNY 165,106,493.50, reflecting an increase of 83.52% due to higher revenue levels[12] - The company recorded operating costs of CNY 178,464,034.68 in Q1 2021, which is a 96.5% increase from CNY 90,822,068.88 in Q1 2020[29] Capital and Financing - The company successfully raised CNY 192,900,000.00 through a private placement of shares, contributing to a total capital increase[13] - The company raised CNY 192,900,000.00 through financing activities, with no cash outflows reported for debt repayment or dividend distribution during the quarter[38] Other Financial Metrics - The weighted average return on equity increased by 2.29 percentage points to 3.63%[5] - Other comprehensive income showed a drastic decline of 376.13%, resulting in a loss of CNY -2,230,039.29, primarily due to foreign currency translation adjustments[12] - The company experienced a foreign exchange impact of CNY 125,169.80 on cash and cash equivalents during the quarter[38]