TC(SH:603421)2021-04-28 16:00Financial Performance - Operating revenue increased by 34.44% to CNY 239,207,678.51 year-on-year[4] - Net profit attributable to shareholders was a loss of CNY 71,419,490.48, worsening by 32.43% compared to the same period last year[4] - The weighted average return on equity decreased by 0.47 percentage points to -2.29%[4] - Basic and diluted earnings per share remained at CNY -0.11, unchanged from the previous year[4] - The company reported a significant increase in operating costs, with operating costs rising by 33.49% to ¥142,521,101.35 from ¥106,767,945.94, in line with revenue growth[10] - Operating profit for Q1 2021 was a loss of CNY 71,649,067.92, compared to a loss of CNY 56,890,777.56 in Q1 2020[21] - The net loss for Q1 2021 was ¥46,277,397.60, compared to a net loss of ¥12,293,312.91 in Q1 2020, indicating a significant increase in losses[26] - The total comprehensive loss for Q1 2021 was ¥46,277,397.60, compared to a loss of ¥12,293,312.91 in Q1 2020[26] Assets and Liabilities - Total assets decreased by 8.81% to CNY 3,990,408,490.31 compared to the end of the previous year[4] - Total assets decreased to ¥3,990,408,490.31 from ¥4,375,743,850.76, indicating a reduction in overall asset base[14] - Total liabilities decreased to ¥883,424,235.25 from ¥1,197,487,725.63, reflecting a reduction in financial obligations[14] - Total liabilities as of March 31, 2021, were CNY 550,598,121.39, a decrease from CNY 836,923,061.67 at the end of 2020[19] - Total equity as of March 31, 2021, was CNY 3,424,332,038.78, down from CNY 3,470,102,850.95 at the end of 2020[19] - Total liabilities amounted to CNY 1,218,915,105.64, with non-current liabilities totaling CNY 21,427,380.01[32] - The company reported a total current liability of CNY 825,784,824.29, including accounts payable of CNY 258,092,213.49[36] Cash Flow - The net cash flow from operating activities was CNY 33,103,716.47, an increase of 1.66% year-on-year[4] - Cash inflows from operating activities totaled ¥597,906,511.72 in Q1 2021, compared to ¥410,932,784.33 in Q1 2020, representing a 45.5% increase[26] - The net cash flow from investment activities was -CNY 29,237,690.15, an improvement from -CNY 54,429,114.65 in Q1 2020, showing a reduction in losses by approximately 46.3%[27] - The total cash inflow from operating activities was CNY 490,315,187.12, up from CNY 358,864,435.62 in Q1 2020, marking an increase of approximately 36.5%[28] - The cash outflow for investment activities was CNY 635,862,353.41, compared to CNY 446,844,600.75 in the previous year, reflecting an increase of about 42.3%[27] Shareholder Information - The total number of shareholders reached 23,066 at the end of the reporting period[9] - The largest shareholder, Zeng Fanyi, holds 26.84% of the shares, totaling 175,339,440 shares[9] Research and Development - Research and development expenses rose by 40.36% to ¥71,931,232.74 from ¥51,249,494.41, reflecting increased investment in product diversification and comprehensive industry coverage[11] - Research and development expenses for Q1 2021 were CNY 71,931,232.74, compared to CNY 51,249,494.41 in Q1 2020, reflecting a 40.4% increase[21] - Research and development expenses rose to ¥51,874,012.15 in Q1 2021, compared to ¥35,479,506.00 in Q1 2020, marking a 46.2% increase[25] Inventory and Receivables - Accounts receivable decreased by 30.19% to ¥804,517,360.63 from ¥1,152,369,104.24 due to timely collection of overdue receivables[10] - Other receivables decreased by 44.06% to ¥40,863,709.20 from ¥73,047,422.50, mainly due to the recovery of deposit amounts[10] - Inventory increased to ¥1,040,871,135.23 from ¥920,839,987.28, suggesting a buildup of stock[13] - Inventory increased to CNY 697,360,005.36 from CNY 617,941,663.56 at the end of 2020[18] Non-Operating Items - The company reported a non-operating loss of CNY 114,858.22 from various non-recurring items[7] - The company experienced a decrease in credit impairment losses, which were -¥1,915,810.45 in Q1 2021, compared to -¥3,516,747.16 in Q1 2020[25] Other Information - The company has not disclosed any new product developments or market expansion strategies in this report[4] - The company has implemented new leasing standards effective from January 1, 2021, with no impact on financial status or retained earnings[37]