DIBAY(SH:603320)2021-04-20 16:00Financial Performance - Operating revenue for the period reached CNY 243,887,504.04, representing an 87.80% increase year-on-year[8] - Net profit attributable to shareholders was CNY 17,926,983.41, up 25.88% from the same period last year[8] - Net profit excluding non-recurring gains and losses surged by 366.88% to CNY 17,531,326.09 compared to the previous year[8] - Total operating revenue for Q1 2021 reached ¥243,887,504.04, a significant increase of 87.6% compared to ¥129,867,953.57 in Q1 2020[30] - Net profit for Q1 2021 was ¥17,972,365.09, up 26.5% from ¥14,210,837.86 in Q1 2020[31] - Operating profit for Q1 2021 was ¥21,110,510.98, compared to ¥17,218,715.05 in Q1 2020, reflecting a growth of 22.0%[31] - The company reported a gross profit margin of approximately 9.0% for Q1 2021, compared to 1.2% in Q1 2020[30] Assets and Liabilities - Total assets increased by 7.96% to CNY 1,243,141,030.66 compared to the end of the previous year[8] - The company reported a significant increase in other receivables by 42.43% to CNY 1,836,168.60 due to increased export tax refunds and UL certification fees[14] - Current liabilities rose to ¥275,559,187.16 from ¥204,678,489.59, marking an increase of about 35%[22] - Non-current liabilities totaled ¥229,167,418.27, up from ¥226,317,092.71, indicating a slight increase of around 1%[23] - Total liabilities increased to ¥504,726,605.43 from ¥430,995,582.30, reflecting a growth of approximately 17%[23] - Shareholders' equity reached ¥738,414,425.23, up from ¥720,441,214.14, showing an increase of about 2.5%[23] Cash Flow - Cash flow from operating activities decreased by 50.88% to CNY 20,196,718.10 compared to the same period last year[8] - Cash flow from operating activities decreased by 50.88% to ¥20,196,718.10, mainly due to reduced government subsidies received[16] - The net cash flow from operating activities for Q1 2021 was ¥20,196,718.10, down 50.9% from ¥41,120,900.76 in Q1 2020[38] - The cash inflow from operating activities for the parent company was ¥119,218,295.75 in Q1 2021, compared to ¥92,320,235.16 in Q1 2020, reflecting a growth of 29.1%[41] - The net cash flow from operating activities for the parent company was ¥22,704,035.95 in Q1 2021, down from ¥42,211,884.59 in Q1 2020[41] Shareholder Information - The number of shareholders reached 8,836 at the end of the reporting period[12] - The largest shareholder, Dibai Holdings Co., Ltd., holds 47.83% of the shares[12] Research and Development - Research and development expenses increased by 71.79% to ¥9,117,373.28, reflecting a commitment to innovation and product development[15] - Research and development expenses increased to ¥9,117,373.28, representing a 71.5% rise from ¥5,307,313.42 in the same period last year[30] Inventory and Accounts Payable - Inventory levels rose to ¥179,294,146.77, a 56.69% increase year-on-year, attributed to rising raw material prices and increased stock[15] - The company reported a significant increase in accounts payable, which rose by 57.67% to ¥90,156,568.02, indicating higher material purchases[15] - Inventory increased significantly to ¥167,550,718.80 from ¥106,775,496.69, a growth of about 57%[26] - Accounts receivable grew to ¥114,040,935.33 from ¥104,879,798.35, reflecting an increase of approximately 8.5%[26] Other Financial Metrics - The weighted average return on equity increased by 0.41 percentage points to 2.46%[8] - Investment income increased by 70.33% to ¥308,902.30, primarily due to higher returns from financial products[15] - The company signed an agreement to recover assets valued at ¥22,990,000, with the first payment of ¥13,794,000 received[17] - The company received a total of ¥70,000,000.00 from maturing financial products, marking a 483.33% increase compared to the previous period[16] - The company recorded other income of ¥106,299.74 in Q1 2021, a decrease from ¥12,122,771.74 in Q1 2020[30] - Financial expenses for Q1 2021 amounted to ¥1,750,536.08, compared to a financial income of ¥1,827,507.12 in Q1 2020[30] - The company experienced a credit impairment loss of ¥-345,589.59 in Q1 2021, an improvement from ¥-1,602,727.09 in Q1 2020[30]