Duolun Technology(SH:603528)2021-04-26 16:00Financial Performance - Operating revenue surged by 572.76% to CNY 232,483,339.59 year-on-year[9] - Net profit attributable to shareholders reached CNY 22,275,593.43, a 178.32% increase from the previous year[9] - Basic earnings per share rose to CNY 0.0357, up 178.63% from a loss of CNY 0.0454 per share in the previous year[9] - Total operating revenue for Q1 2021 reached ¥232,483,339.59, a significant increase from ¥34,556,804.57 in Q1 2020, representing a growth of approximately 576.5%[34] - Net profit for Q1 2021 was ¥28,342,236.49, a turnaround from a net loss of ¥28,570,248.95 in Q1 2020[35] - The total comprehensive income for Q1 2021 was ¥12,271,322.07, contrasting with a total comprehensive loss of ¥25,387,373.11 in Q1 2020[40] Cash Flow - Net cash flow from operating activities improved significantly to CNY 3,273,775.66, compared to a negative CNY 58,893,390.32 in the same period last year, marking a 105.56% increase[9] - The cash flow from operating activities for Q1 2021 was ¥3,273,775.66, recovering from a negative cash flow of ¥58,893,390.32 in Q1 2020[41] - The company reported cash inflows from operating activities totaling CNY 117,349,561.40, a significant increase from CNY 51,174,472.36 in Q1 2020, representing a growth of approximately 129.4%[45] - The net cash flow from operating activities for Q1 2021 was -CNY 20,867,894.67, an improvement compared to -CNY 59,401,135.02 in Q1 2020, indicating a reduction in losses by approximately 64.9%[45] Assets and Liabilities - Total assets increased by 6.59% to CNY 3,038,456,676.11 compared to the end of the previous year[9] - Total liabilities reached ¥1,126,636,299.40, up from ¥977,192,376.30, marking a growth of around 15.3%[25] - Current liabilities rose to ¥464,830,449.33 from ¥446,370,471.37, reflecting an increase of approximately 4.3%[24] - Total assets as of Q1 2021 amounted to CNY 2,850,570,266.08, a decrease from CNY 2,972,320,481.52 at the end of 2020, indicating a reduction of about 4.1%[47] - The company's total liabilities in Q1 2021 were CNY 446,370,471.37, compared to CNY 459,937,089.03 in the previous year, showing a decrease of approximately 2.9%[47] Shareholder Information - The top shareholder, Beijing Andong Enterprise Management Partnership, holds 62.68% of the shares[13] - The total number of shareholders at the end of the reporting period was 28,097[13] Research and Development - Research and development expenses increased by 34.60% to CNY 13,842,424.15, driven by higher investment in R&D activities[16] - Research and development expenses for Q1 2021 were ¥13,842,424.15, up from ¥10,283,847.81 in Q1 2020, marking an increase of approximately 34.5%[34] Financial Expenses - Financial expenses surged by 387.68% to CNY 8,395,609.28, mainly due to convertible bonds and the impact of new leasing standards[16] - Financial expenses for Q1 2021 were ¥8,395,609.28, compared to a financial income of ¥2,918,405.46 in Q1 2020, indicating a significant shift in financial performance[34] Government Subsidies - The company reported government subsidies recognized in the current period amounting to CNY 9,827,715.63[11] Other Financial Metrics - The weighted average return on equity increased by 3.04 percentage points to 1.25%[9] - Investment income dropped by 95.80% to CNY 73,674.63, primarily due to lower returns from financial products compared to the previous year[18] - The company reported a significant increase in cash received from sales and services, totaling ¥181,445,838.77 in Q1 2021, compared to ¥86,832,879.47 in Q1 2020, marking an increase of approximately 108.5%[40]