Tianyong(SH:603895)2021-04-27 16:00Financial Performance - Operating revenue rose by 28.57% to CNY 105,201,861.15 from CNY 81,824,474.15 in the same period last year[5] - Net profit attributable to shareholders increased by 28.37% to CNY 6,370,631.19 compared to CNY 4,962,680.10 in the previous year[5] - Basic and diluted earnings per share decreased by 14.29% to CNY 0.06 from CNY 0.07 in the same period last year[5] - Net profit for Q1 2021 was CNY 6,713,218.52, a decrease of 7.3% from CNY 7,244,402.79 in Q1 2020[27] - Basic and diluted earnings per share for Q1 2021 were CNY 0.06, unchanged from CNY 0.07 in Q1 2020[27] Cash Flow and Liquidity - Cash flow from operating activities showed a significant decline of 241.13%, resulting in a net cash outflow of CNY 56,454,099.83[5] - Operating cash flow turned negative at -¥56,454,099.83 compared to a positive ¥40,000,577.14, primarily due to increased project procurement and year-end tax payments[13] - Cash and cash equivalents decreased by 25.96% to ¥205,883,810.14 from ¥278,060,918.37 due to increased project procurement[12] - The net increase in cash and cash equivalents for the first quarter of 2021 was 11,011,604.42, resulting in a total of 203,457,184.36 at the end of the period[35] - The beginning balance of cash and cash equivalents was 192,445,579.94, indicating a strong cash position[35] Assets and Liabilities - Total assets increased by 2.90% to CNY 1,283,638,573.85 compared to the end of the previous year[5] - Total liabilities increased to ¥682,034,873.00 from ¥652,607,233.37, indicating a rise in financial obligations[19] - Total assets as of March 31, 2021, amounted to ¥1,283,638,573.85, up from ¥1,247,497,715.70 as of December 31, 2020[19] - Total liabilities decreased to CNY 588,057,740.87 in Q1 2021 from CNY 598,896,927.99 in Q1 2020, a reduction of 1.4%[23] Shareholder Information - The total number of shareholders reached 8,525, with the top ten shareholders holding a combined 73.88% of shares[10] - Shanghai Mingjia Investment Co., Ltd. is the largest shareholder, holding 62.35% of the shares[10] Research and Development - R&D expenses increased by 45.91% to ¥13,656,218.42 from ¥9,359,657.20, reflecting higher investment in research and development[13] - Research and development expenses increased to CNY 13,656,218.42 in Q1 2021, compared to CNY 9,359,657.20 in Q1 2020, reflecting a growth of 45.8%[25] Other Financial Metrics - Non-recurring gains and losses amounted to CNY 342,587.33, with government subsidies contributing CNY 403,043.92[8] - The weighted average return on equity decreased by 0.12 percentage points to 1.12%[5] - The company has not disclosed any new product developments or market expansion strategies in this report[5] - The company has not reported any overdue commitments or significant changes in net profit forecasts[14] - The company's net profit for the year is projected to show significant changes compared to the previous year, although specific figures are not disclosed[14]