JZNEE(SH:603507)2021-04-28 16:00Financial Performance - Operating revenue rose by 50.86% to CNY 549,740,658.10 year-on-year[5] - Net profit attributable to shareholders increased by 628.55% to CNY 26,712,866.96 compared to the same period last year[5] - Basic earnings per share reached CNY 0.21, a 600% increase from CNY 0.03 in the previous year[6] - The company reported a significant increase in operating profit, which reached RMB 32,197,514.34, up 478.39% from RMB 5,566,781.19 in the previous year[14] - Net profit for Q1 2021 was RMB 25,211,913.85, up from RMB 4,306,058.12 in Q1 2020, indicating a year-over-year growth of 485.5%[25] - The company reported a total profit of RMB 30,915,206.62 for Q1 2021, compared to RMB 5,311,898.40 in the same period last year[25] Assets and Liabilities - Total assets increased by 5.44% to CNY 3,769,194,844.31 compared to the end of the previous year[5] - The company’s long-term borrowings increased by 41.92% to RMB 88,133,749.99, reflecting a strategy to finance growth initiatives[13] - Total liabilities increased to ¥2,278,103,675.82 from ¥2,109,085,609.52, representing a growth of approximately 8.03%[19] - Current liabilities rose to ¥1,829,997,882.74, compared to ¥1,724,813,337.29, indicating an increase of approximately 6.09%[18] Cash Flow - Cash flow from operating activities decreased by 54.35% to CNY 29,205,938.00 compared to the previous year[5] - Net cash flow from operating activities was 29.21 million RMB, significantly lower than 63.98 million RMB in Q1 2020, indicating a decline of 54.4%[31] - Cash inflow from operating activities was 486.09 million RMB, down 13.8% from 564.45 million RMB in the same period last year[30] - Cash outflow for purchasing goods and services was 257.42 million RMB, compared to 378.10 million RMB in Q1 2020, reflecting a decrease of 31.9%[31] Shareholder Information - The total number of shareholders at the end of the reporting period was 9,674[9] - The top shareholder, Hu Zhen, holds 29.40% of the shares, totaling 37,289,642 shares[10] Research and Development - Research and development expenses increased by 49.75% to RMB 19,638,058.06, indicating a focus on innovation and product development[13] - Research and development expenses increased to RMB 19,638,058.06 in Q1 2021, compared to RMB 13,113,884.08 in Q1 2020, representing a 49.7% rise[24] Other Income and Expenses - The company reported non-recurring gains of CNY 5,958,547.99 for the period[8] - Other income surged by 1790.30% to RMB 1,445,311.11, largely due to increased government subsidies[14] - The financial expenses for Q1 2021 were RMB 24,311,251.31, compared to RMB 18,072,243.25 in Q1 2020, indicating an increase in financial costs[24] Employee Compensation - The company experienced a 274.04% increase in employee compensation payable, reaching RMB 39,154,374.03, due to increased wage provisions[13] - The company reported a significant increase in employee compensation payable, rising to ¥39,154,374.03 from ¥10,468,102.71, a growth of approximately 274.36%[18] Inventory and Accounts Receivable - Accounts receivable rose to RMB 472,261,971.80, reflecting a 57.09% increase from RMB 300,636,239.49, driven by higher revenue[13] - Inventory rose to ¥493,279,259.65, up from ¥460,375,109.26, reflecting an increase of about 7.13%[22]