SITONG(SH:603838)2021-04-28 16:00Financial Performance - Operating revenue for the year-to-date was CNY 94,162,580.87, representing a significant increase of 46.13% year-on-year[5] - Net profit attributable to shareholders was CNY 3,455,744.14, down 10.24% from the same period last year[5] - The net profit after deducting non-recurring gains and losses was CNY 199,008.91, a decrease of 73.53% compared to the previous year[5] - Basic and diluted earnings per share were both CNY 0.0108, down 25.00% year-on-year[5] - Total operating revenue for the current reporting period reached ¥94,162,580.87, a 46.13% increase compared to ¥64,435,419.39 in the same period last year, primarily due to increased domestic sales[15] - Total operating costs increased by 52.62% to ¥92,497,647.16 from ¥60,606,626.92, reflecting the rise in operating revenue[15] - Operating profit for Q1 2021 was CNY 5,434,232.31, representing a 22.4% increase from CNY 4,439,236.30 in Q1 2020[36] - Net profit for Q1 2021 was CNY 3,455,744.14, a decrease of 10.2% compared to CNY 3,849,982.31 in Q1 2020[38] Cash Flow - The net cash flow from operating activities was negative at CNY -6,422,336.13, a decline of 145.34% compared to the previous year[5] - Cash flow from operating activities rose by 30.89% to ¥101,694,267.77 from ¥77,695,593.62, reflecting higher operational cash inflows[18] - The company's operating cash flow for Q1 2021 was negative at -¥6,422,336.13, compared to a positive cash flow of ¥14,165,233.00 in Q1 2020[44] - The cash inflow from investment activities in Q1 2021 was ¥303,844,854.58, a substantial increase from ¥67,200,000.00 in Q1 2020[44] - The net cash flow from investment activities was 273,603,606.14, reflecting a 195.55% increase, driven by recoveries from structured deposits and financial products[19] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 1,417,691,929.25, a slight increase of 0.25% compared to the end of the previous year[5] - Current assets totaled CNY 672,261,894.63, up from CNY 665,897,662.21 at the end of 2020, reflecting a growth of approximately 0.55%[28] - Total liabilities stood at CNY 355,734,380.71, slightly up from CNY 355,671,988.28, showing a marginal increase[30] - The company's equity attributable to shareholders reached CNY 1,061,957,548.54, an increase from CNY 1,058,498,746.94[30] - Total current liabilities increased slightly to CNY 254,833,369.45 from CNY 254,393,574.11, reflecting a growth of approximately 0.17%[30] Shareholder Information - The total number of shareholders at the end of the reporting period was 13,701[9] - The largest shareholder, Guangdong Weide Industrial Investment Co., Ltd., held 11.00% of the shares, totaling 35,200,000 shares[9] Expenses - Research and development expenses decreased by 34.81% to ¥2,180,169.08 from ¥3,344,489.87, mainly due to reduced investment in R&D materials[15] - Employee compensation payments increased by 40.27% to ¥25,010,932.64 from ¥17,830,244.81, due to higher production and sales volumes[18] - Tax payments increased by 71.10% to ¥3,007,721.77 from ¥1,757,837.56, corresponding to the rise in operating revenue[18] Future Outlook - The company expects a turnaround in cumulative net profit compared to the same period last year, primarily due to the normalization of production and operations following the COVID-19 pandemic[25] - The company plans to use up to 50 million yuan of idle raised funds to temporarily supplement working capital, with a repayment period not exceeding 12 months[23]