MEILUN(SH:603321)2021-04-27 16:00Financial Performance - Operating revenue surged by 112.50% to CNY 130,519,715.67 from CNY 61,420,593.84 year-on-year[5] - Net profit attributable to shareholders reached CNY 2,837,380.21, a significant recovery from a loss of CNY 2,473,133.37 in the same period last year[5] - Revenue for Q1 2021 reached ¥130,519,715.67, a 112.50% increase compared to ¥61,420,593.84 in Q1 2020, primarily due to recovery from the pandemic impact[12] - Net profit for Q1 2021 was ¥2,501,917.56, a significant recovery from a net loss of ¥2,473,133.37 in Q1 2020[13] - The basic earnings per share improved to ¥0.01 from a loss of ¥0.01, reflecting the increase in net profit[13] - The total comprehensive income for Q1 2021 was ¥1,795,706.16, contrasting with a total comprehensive loss of ¥2,305,664.57 in Q1 2020[30] Cash Flow - The net cash flow from operating activities improved to -CNY 30,017,666.56, compared to -CNY 86,997,357.94 in the previous year, indicating a positive trend[5] - Operating cash flow increased by 144.02% to ¥225,393,460.99 from ¥92,366,382.66, driven by higher sales revenue[13] - The cash flow from operating activities showed a net outflow of ¥30,017,666.56 in Q1 2021, an improvement from a net outflow of ¥86,997,357.94 in Q1 2020[32] - The cash flow from investment activities showed a net outflow of 12,563,935.25 RMB, a decrease of 71.12% from 43,510,513.86 RMB in the previous period[14] - The cash flow from financing activities showed a net outflow of -15,000,000.00 RMB, primarily due to debt repayment[14] Assets and Liabilities - Total assets increased by 3.73% to CNY 1,842,026,329.41 compared to the end of the previous year[5] - The total assets as of March 31, 2021, amounted to 1,842,026,329.41 RMB, an increase from 1,775,757,246.28 RMB at the end of 2020[18] - The total liabilities as of March 31, 2021, were 739,073,685.71 RMB, compared to 675,291,344.63 RMB at the end of 2020[19] - The company's total assets as of March 31, 2021, amounted to ¥1,541,233,769.07, an increase from ¥1,476,635,516.34 at the end of 2020[22] - Total liabilities as of March 31, 2021, were ¥612,264,905.10, compared to ¥549,462,358.53 at the end of 2020, reflecting a growth of 11.4%[23] Shareholder Information - The number of shareholders reached 18,515, with the top ten shareholders holding a significant portion of shares[9] - The largest shareholder, Qian Xuelin, holds 36.07% of the shares, followed by Qian Xuegen with 26.12%[9] - The company's equity attributable to shareholders was ¥928,968,863.97 as of March 31, 2021, slightly up from ¥927,173,157.81 at the end of 2020[23] Research and Development - R&D expenses rose to ¥6,080,689.16, an increase of 84.16% from ¥3,301,893.40, attributed to higher investment in R&D[12] - Research and development expenses for Q1 2021 were ¥6,080,689.16, an increase of 84.5% compared to ¥3,301,893.40 in Q1 2020[25] Inventory and Receivables - The company's inventory increased to 266,419,499.95 RMB, up from 229,033,703.56 RMB in the previous period[18] - Accounts receivable financing increased by 30.59% to CNY 5,477,242.49, attributed to an increase in acceptance bill collections[11] - The accounts receivable decreased to 151,848,495.85 RMB from 177,730,152.47 RMB in the previous period[18] Financial Income and Expenses - Non-operating income included government subsidies amounting to CNY 1,705,237.32, contributing to the overall financial performance[7] - Interest income surged by 142.08% to ¥1,353,301.59 from ¥559,032.00, reflecting increased bank deposit interest[12] - The company reported a significant decrease in investment income, down 100% to ¥0 due to unredeemed financial products[12] - The company reported a financial expense of -¥1,201,586.95 in Q1 2021, compared to -¥189,217.03 in Q1 2020, indicating a significant change in financial costs[26]