Dcenti(SH:603335)2021-04-22 16:00Financial Performance - Operating revenue for the period reached CNY 277,126,824.21, representing a 45.74% increase year-on-year[7] - Net profit attributable to shareholders decreased by 43.39% to CNY 15,140,683.58 compared to the same period last year[7] - Basic and diluted earnings per share both decreased by 33.33% to CNY 0.04[7] - The company reported a significant increase in net profit after deducting non-recurring gains and losses, reaching CNY 15,054,340.60, a 908.58% increase year-on-year[7] - Total operating revenue for Q1 2021 was ¥277,126,824.21, a 46% increase from ¥190,145,416.98 in Q1 2020[30] - Net profit for Q1 2021 was ¥22,191,081.92, a decrease of 21% compared to ¥27,928,516.87 in Q1 2020[32] - The net profit attributable to shareholders of the parent company was ¥15,140,683.58, down from ¥26,743,961.93 in the same period last year[32] - The company reported a decrease in total profit to ¥1,595,973.32 in Q1 2021 from ¥25,283,173.71 in Q1 2020, a decline of 93.7%[34] Cash Flow - Cash flow from operating activities improved significantly, with a net amount of CNY 24,108,130.44, a 343.49% increase from the previous year[7] - Cash received from sales of goods and services increased to ¥252,912,712.61 in Q1 2021, compared to ¥165,829,425.74 in Q1 2020, reflecting a growth of 52.5%[37] - The net cash flow from operating activities was ¥24,108,130.44 in Q1 2021, a recovery from a negative cash flow of -¥9,901,221.10 in Q1 2020[38] - The company experienced a cash outflow from investing activities of -36,134,657.81 RMB in Q1 2021, compared to a cash inflow of 2,762,265.19 RMB in Q1 2020, reflecting increased investment expenditures[39] - Cash inflow from financing activities in Q1 2021 was 50,000,000.00 RMB, a substantial increase from 5,000,000.00 RMB in Q1 2020, indicating enhanced borrowing activities[40] Assets and Liabilities - Total assets increased by 8.44% to CNY 913,081,602.16 compared to the end of the previous year[7] - The total current liabilities increased to CNY 195,341,311.91 from CNY 153,707,128.51, marking an increase of about 27%[24] - The total liabilities of the company reached CNY 236,192,034.13, compared to CNY 195,783,356.79 at the end of 2020, reflecting an increase of about 20.6%[24] - The company's equity attributable to shareholders increased to CNY 615,203,331.35 from CNY 600,793,313.61, showing a growth of approximately 2.4%[24] - The company's total liabilities as of Q1 2021 stood at 195,783,356.79 RMB, consistent with the previous year, reflecting stable financial leverage[43] Shareholder Information - The total number of shareholders reached 18,091[11] - The largest shareholder, Jiangmen Lihong Investment Co., Ltd., holds 29.34% of the shares[11] Research and Development - Research and development expenses grew by 59.93% to 2,754,170.88, reflecting the company's focus on precise product development and market positioning[14] - Research and development expenses for Q1 2021 were ¥2,754,170.88, an increase from ¥1,722,122.46 in Q1 2020[30] - Research and development expenses rose to ¥2,788,107.16 in Q1 2021, up 61.9% from ¥1,722,122.46 in Q1 2020[34] Inventory and Receivables - Accounts receivable rose to 72,794,380.14, a 54.41% increase attributed to the company's strong brand and overseas sales channels[13] - The inventory decreased to CNY 243,467,364.12 from CNY 256,007,105.66, indicating a decline of about 4.9%[22] - Other receivables decreased to CNY 6,964,221.96 from CNY 9,890,318.67, indicating a decline of about 29.5%[22] Investments and Expansion - The company successfully acquired state-owned land use rights for a production base, with a contract amounting to 83,000,000.00 RMB[16] - The company plans to establish a joint venture, Guangdong Weima New Materials Technology Co., with a total investment of 99 million RMB, focusing on the recycling and utilization of lithium batteries[16] - The company's trading financial assets increased to 4,615,500, representing a 100% change due to stock investments made by the parent company[13] Financial Ratios - The weighted average return on equity decreased by 46.22 percentage points to 2.49%[7]