Kelida(SH:603828)2021-04-28 16:00Financial Performance - Operating revenue increased by 74.37% to CNY 505,204,455.09, driven by an increase in curtain wall and public decoration projects[7] - Net profit attributable to shareholders increased by 35.27% to CNY 19,559,781.18, due to higher net profit and reduced non-recurring gains and losses[7] - Total operating revenue for Q1 2021 reached ¥505.20 million, a significant increase of 74.5% compared to ¥289.73 million in Q1 2020[30] - Net profit for Q1 2021 was ¥20.99 million, representing a 18.3% increase from ¥17.70 million in Q1 2020[31] - The company reported a profit margin of 4.15% in Q1 2021, compared to 6.11% in Q1 2020[31] - Total comprehensive income for Q1 2021 was ¥20.99 million, compared to ¥17.70 million in Q1 2020[31] Cash Flow and Liquidity - Cash flow from operating activities improved by 10.5%, reaching CNY -189,324,207.09 compared to CNY -211,537,956.49 in the same period last year[5] - Operating cash inflow totaled CNY 1,330,863,798.46, a significant increase from CNY 754,157,649.16 in the same period last year, representing an increase of approximately 76.3%[39] - Net cash flow from operating activities was CNY -27,167,696.34, an improvement compared to CNY -135,041,451.42 in Q1 2020[39] - The ending cash and cash equivalents balance was CNY 204,016,968.18, compared to CNY 141,305,226.04 at the end of Q1 2020, reflecting an increase of approximately 44.4%[40] - The company reported a net cash decrease of CNY 120,240,647.44 for the quarter, compared to a decrease of CNY 18,228,876.54 in Q1 2020[40] Assets and Liabilities - Total assets decreased by 10.9% to CNY 4,697,338,420.41 compared to the end of the previous year[5] - Total liabilities decreased from ¥3,645,583,010.66 to ¥3,041,157,912.76, a decline of around 16.6%[23] - Current liabilities decreased from ¥3,189,702,816.62 to ¥2,530,510,312.87, a reduction of about 20.7%[22] - Long-term borrowings increased from ¥377,790,000.00 to ¥439,890,000.00, an increase of approximately 16.4%[23] - Total equity increased from ¥1,626,567,839.57 to ¥1,656,180,507.65, an increase of approximately 1.6%[23] Shareholder Information - The number of shareholders reached 14,224, with the largest shareholder holding 29.76% of the shares[11] - Basic and diluted earnings per share remained stable at CNY 0.03[5] Research and Development - R&D expenses surged by 95.88% year-on-year, reflecting increased investment in research and development[16] - Research and development expenses increased to ¥20.33 million in Q1 2021, up 95.9% from ¥10.38 million in Q1 2020[30] Government Support and Other Income - Government subsidies recognized in the period amounted to CNY 7,634,511.71, contributing to the financial results[9] - Other income increased by 563.48% year-on-year, primarily due to increased compensation from demolition projects[16] - Investment income rose by 102.40% year-on-year, reflecting higher returns from investments in joint ventures[16] Operational Efficiency - Accounts receivable decreased by 29.00% from the end of the previous year, indicating improved cash flow management[21] - Operating costs rose by 72.16% year-on-year, attributed to the increase in curtain wall and public decoration projects[16] - Cash outflow for purchasing goods and services was CNY 952,732,167.21, compared to CNY 681,564,380.78 in Q1 2020, indicating a rise of about 39.8%[39]