RICHEN(SH:603755)2021-04-27 16:00Financial Performance - Operating revenue for the period was ¥69,646,214.79, representing a significant increase of 51.53% year-on-year[5] - Net profit attributable to shareholders decreased by 18.06% to ¥11,912,638.99 compared to the same period last year[5] - Basic and diluted earnings per share remained stable at ¥0.15[5] - The weighted average return on equity decreased by 4.80 percentage points to 2.38%[5] - The company reported a significant reduction in non-operating income and expenses, with non-operating income down by 96.19%[14] - Total operating revenue for Q1 2021 reached ¥69,646,214.79, a significant increase of 51.6% compared to ¥45,962,450.97 in Q1 2020[25] - Net profit for Q1 2021 was ¥14,690,003.43, slightly down by 0.3% from ¥14,741,409.74 in Q1 2020[27] - Earnings per share for Q1 2021 remained stable at ¥0.15, unchanged from Q1 2020[27] - Total profit for Q1 2021 was CNY 17,380,467.30, slightly up from CNY 17,365,504.91 in Q1 2020[29] Assets and Liabilities - Total assets at the end of the reporting period reached ¥711,832,585.53, a slight increase of 0.05% compared to the end of the previous year[5] - Total current assets as of March 31, 2021, were CNY 508,716,948.30, down from CNY 564,196,618.29 at the end of 2020[17] - Total non-current assets increased to CNY 203,115,637.23 from CNY 147,295,415.11 year-over-year[18] - Total liabilities decreased to CNY 88,168,026.20 from CNY 102,517,477.50 year-over-year[19] - The company's equity attributable to shareholders increased to CNY 623,664,559.33 from CNY 608,974,555.90[19] - Total liabilities as of Q1 2021 amounted to 102,517,477.50 RMB, with total assets at 711,492,033.40 RMB[39] - The company's total equity as of Q1 2021 was 608,974,555.90 RMB, remaining stable compared to the previous year[39] Cash Flow - Cash flow from operating activities improved significantly, with a net cash flow of ¥63,898.70, a turnaround from a loss of ¥4,353,309.79 in the previous year[5] - Cash and cash equivalents at the end of the reporting period amounted to RMB 264,652,899.18, a significant increase of 189.12% from RMB 91,537,578.32 at the end of the previous year[12] - Cash inflow from investment activities totaled CNY 294,878,255.02, compared to CNY 192,482,171.33 in Q1 2020[33] - The net cash flow from investment activities for Q1 2021 was -45,290,064.98 RMB, slightly improved from -48,782,764.67 RMB in Q1 2020[35] - The cash flow from operating activities in Q1 2021 was impacted by a total outflow of 74,192,817.74 RMB, compared to 44,726,981.28 RMB in Q1 2020[34] Expenses - Operating costs increased by 63.73% to RMB 39,260,004.24, primarily due to higher sales revenue and transportation costs[13] - The company reported a 79.73% increase in taxes and surcharges, totaling RMB 855,403.66, driven by higher operating revenue[13] - The company’s management expenses surged by 171.45% to RMB 8,604,699.63, attributed to salary reforms and increased IT investment[13] - Research and development expenses rose by 48.73% to RMB 2,691,846.48, reflecting increased investment in new products and technologies[13] - Sales expenses increased to CNY 3,818,822.96, a rise of 28.4% from CNY 2,975,300.68 in Q1 2020[29] Shareholder Information - The number of shareholders at the end of the reporting period was 4,174, with the largest shareholder holding 56.24% of the shares[10] - The company received a government subsidy of ¥527,720.00 related to high-quality development incentives[8] - Non-recurring gains and losses totaled ¥2,777,364.44, primarily from government subsidies and financial product income[9] Strategic Initiatives - The company is focusing on expanding its market presence and enhancing product development strategies[5] - The company plans to continue expanding its product offerings and enhancing its market presence through increased R&D investment and strategic initiatives[13] - The company is not currently engaged in any new product development or market expansion strategies as per the latest report[43]