Linewell(SH:603636)2021-04-27 16:00Financial Performance - The company reported a total revenue of RMB 132.05 million for Q1 2021, representing a year-on-year increase of 28.27%[15] - The net profit attributable to shareholders was a loss of RMB 7.68 million, an improvement of 53.08% compared to the same period last year[15] - Basic earnings per share were reported at -0.013 yuan, a 58.20% improvement from -0.031 yuan in the same period last year[15] - The company reported a decrease in employee compensation payable from CNY 74,109,040.87 to CNY 27,061,829.29, a reduction of approximately 63.5%[32] - The company reported a total comprehensive loss of ¥9,077,728.26 for Q1 2021, improving from a loss of ¥16,485,651.75 in Q1 2020[43] - The net loss for Q1 2021 was ¥9,077,728.26, an improvement from a net loss of ¥16,485,651.75 in Q1 2020[43] - The total profit for Q1 2021 was ¥8,073,616.99, contrasting with a total loss of ¥7,123,451.95 in Q1 2020[49] Cash Flow - The net cash flow from operating activities was negative RMB 362.51 million, a decline of 100.89% year-on-year[15] - The cash flow from operating activities showed a net outflow of ¥362,506,333.50 in Q1 2021, worsening from a net outflow of ¥180,450,798.46 in Q1 2020[51] - Cash inflow from operating activities totaled ¥171,260,242.11 in Q1 2021, up from ¥126,611,363.09 in Q1 2020[51] - The company reported a significant increase in cash received from sales and services, amounting to ¥147,913,237.82 in Q1 2021, compared to ¥97,290,185.36 in Q1 2020[51] - The net cash flow from investing activities improved to ¥169,770,868.17 from -¥355,491,486.48, primarily due to the redemption of financial product investments[24] - The net cash flow from financing activities improved to 72,841,436.28 RMB in Q1 2021, compared to -5,775,052.58 RMB in Q1 2020, indicating a positive shift in financing[59] Assets and Liabilities - Total assets at the end of the reporting period were RMB 4.37 billion, down 4.75% from the end of the previous year[15] - The company's total current assets decreased to ¥2,187,672,561.80 from ¥2,426,722,734.14, reflecting a decline in liquidity[30] - The total liabilities decreased to ¥1,700,886,334.53 in Q1 2021 from ¥1,777,648,512.74 in Q1 2020, a reduction of approximately 4.3%[41] - The total assets decreased from CNY 4,586,034,899.70 to CNY 4,368,233,607.14, a decline of approximately 4.8%[32] - The company's long-term receivables decreased to ¥989,808,590.52 from ¥1,027,799,795.52, indicating a reduction in long-term financial commitments[30] - The total equity attributable to shareholders reached CNY 2,617,818,762.62, reflecting a slight decrease of CNY 1,751,985.15[65] Operating Costs and Expenses - Operating costs rose by 48.21% to ¥88,360,597.75 from ¥59,618,172.17, mainly due to an increase in operating revenue[24] - Total operating costs for Q1 2021 were ¥150,369,791.19, up from ¥127,032,645.38 in Q1 2020, representing a 18.3% increase[41] - Research and development expenses for Q1 2021 were ¥14,780,689.42, compared to ¥14,655,286.57 in Q1 2020, indicating a slight increase[41] - The company incurred research and development expenses of ¥7,124,581.95 in Q1 2021, down from ¥8,400,926.30 in Q1 2020, indicating a focus on cost management[47] - Financial expenses for Q1 2021 showed a significant change, with a net income of -¥12,835,243.55 compared to -¥5,871,165.94 in Q1 2020[41] Shareholder Information - The total number of shareholders at the end of the reporting period was 30,918[19] - The company repurchased 10,433,055 shares, accounting for 1.77% of the total share capital, with a total expenditure of ¥101,158,836.44[26] Government Support - The company received government subsidies amounting to RMB 6.15 million related to its normal business operations[17]