NOVEL OPTICS(SH:603297)2021-04-26 16:00Financial Performance - Net profit attributable to shareholders was ¥120,004,372.00, representing a significant increase of 289.45% year-on-year[10]. - Operating revenue for the period was ¥172,392,121.34, reflecting a growth of 39.04% compared to the same period last year[10]. - Basic earnings per share increased to ¥1.10, a rise of 292.86% compared to the previous year[10]. - The weighted average return on equity was 8.32%, an increase of 5.75 percentage points from the previous year[10]. - The company reported a substantial increase in other income, which rose to CNY 16,496,514.18, a 1,499.21% increase from CNY 1,031,539.56 in the previous year[18]. - The net profit for Q1 2021 reached ¥119,816,694.10, compared to ¥30,813,869.50 in Q1 2020, indicating a significant increase of about 288.5%[54]. - The total comprehensive income for Q1 2021 was ¥119,833,047.72, significantly higher than ¥30,848,514.81 in Q1 2020, marking an increase of about 287.5%[54]. Cash Flow - The net cash flow from operating activities amounted to ¥23,789,135.55, up by 10.29% year-on-year[10]. - The net cash flow from investment activities showed a remarkable recovery, moving from CNY -242,696,708.52 to CNY 46,265,950.26[23]. - The cash inflow from operating activities for Q1 2021 was RMB 178,878,597.99, an increase of 13.3% compared to RMB 157,061,216.03 in Q1 2020[62]. - The total cash inflow from investment activities in Q1 2021 was RMB 326,486,484.68, significantly higher than RMB 172,070,256.68 in Q1 2020, marking an increase of 89.9%[64]. - The cash inflow from other investment-related activities in Q1 2021 was RMB 217,675,000.00, compared to RMB 170,000,000.00 in Q1 2020, indicating a growth of 28%[64]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,614,168,999.93, an increase of 10.44% compared to the end of the previous year[10]. - The total liabilities increased to CNY 231,077,941.50 from CNY 203,143,418.44, marking an increase of about 13.7%[46]. - The company's total assets increased to RMB 1,614,168,999.93 as of March 31, 2021, compared to RMB 1,461,519,990.41 at the end of 2020[40]. - Current assets rose to RMB 1,167,607,181.49 from RMB 1,006,199,066.11 year-over-year[38]. - The total current liabilities reached CNY 194,291,268.57, compared to CNY 165,201,471.05, marking an increase of about 17.6%[48]. Shareholder Information - The total number of shareholders at the end of the reporting period was 7,184[13]. - The largest shareholder, Yongxin Optoelectronics Industry Co., Ltd., held 29.15% of the shares[13]. Research and Development - Research and development expenses for Q1 2021 were ¥11,984,650.46, up from ¥10,788,346.27 in Q1 2020, reflecting a growth of approximately 11.1%[54]. Financial Management - The financial expenses decreased significantly, showing a change from CNY -7,254,560.69 to CNY -2,431,038.44, indicating improved financial management[18]. - The tax expenses for Q1 2021 amounted to ¥20,296,645.96, compared to ¥5,808,207.57 in Q1 2020, which is an increase of approximately 249.5%[54]. Land Acquisition - The total compensation amount for land acquisition is set at RMB 106,319,012, with RMB 105,255,821.88 received so far, contributing to a net profit of RMB 79,993,999.13 for Q1 2021[32][31]. - The company has not yet received the remaining compensation of RMB 1,063,190.12, and the board will continue to monitor the progress of this land acquisition[33].