SHGBIT(SH:603918)2021-04-29 16:00Financial Performance - Net profit attributable to shareholders reached CNY 3,565,228.62, a significant recovery from a loss of CNY 8,492,151.01 in the same period last year[11] - Operating revenue surged by 124.95% to CNY 163,696,810.04 compared to CNY 72,770,829.95 in the previous year[11] - Basic earnings per share increased to CNY 0.012 from a loss of CNY 0.037 in the previous year[11] - Operating revenue for Q1 2021 reached ¥163,696,810.04, a 124.95% increase compared to ¥72,770,829.95 in Q1 2020, driven by an increase in completed acceptance projects[23] - Net profit for Q1 2021 was ¥3.57 million, a turnaround from a net loss of ¥8.49 million in Q1 2020[46] - The company reported a total comprehensive income of ¥3.56 million for Q1 2021, compared to a loss of ¥8.39 million in Q1 2020[49] - The company reported a net profit of ¥7,522,338.76, compared to a net loss of ¥2,847,263.33 in the same quarter last year, indicating a significant turnaround in performance[51] - Operating profit for the quarter was ¥8,863,386.52, a substantial improvement from the operating loss of ¥3,154,400.49 in the previous year[51] Assets and Liabilities - Total assets increased by 19.56% to CNY 1,649,813,176.40 compared to the end of the previous year[11] - The total assets as of March 31, 2021, amounted to ¥1,649,813,176.40, up from ¥1,379,918,490.56 as of December 31, 2020[29] - Total liabilities decreased to ¥575,397,797.81 from ¥655,575,188.46, indicating improved financial stability[32] - Total equity attributable to shareholders rose from ¥722,959,555.44 to ¥1,073,723,505.27, an increase of about 48.5%[34] - The total non-current liabilities decreased from ¥1,383,746.66 to ¥691,873.32, a reduction of about 50%[39] - The total current liabilities decreased from ¥547,370,492.81 to ¥484,880,876.97, a decline of approximately 11.4%[39] Cash Flow - The net cash flow from operating activities was negative at CNY -55,603,780.75, worsening from CNY -44,514,065.90 in the same period last year[11] - Cash flow from operating activities showed a net outflow of ¥55,603,780.75, worsening from a net outflow of ¥44,514,065.90 year-over-year[56] - The company generated cash inflow from financing activities amounting to ¥350,989,026.13, compared to only ¥20,000,000.00 in the previous year[57] - Cash flow from investing activities resulted in a net outflow of ¥4,899,954.46, compared to a net outflow of ¥3,665,717.53 in the same quarter last year[57] - The total cash inflow from operating activities in Q1 2021 was $182.89 million, down from $200.18 million in Q1 2020, marking a decline of 8.6%[62] Shareholder Information - The total number of shareholders at the end of the reporting period was 18,637[19] - The largest shareholder, Jin Guopei, holds 29.12% of the shares, totaling 68,452,800 shares[19] Government Support - The company received government subsidies amounting to CNY 698,612.15, which are closely related to its normal business operations[13] Operational Costs and Expenses - Operating costs increased by 129.87% to ¥107,997,384.26 from ¥46,982,338.65, corresponding to the rise in revenue[23] - Research and development expenses for Q1 2021 amounted to ¥8.16 million, down from ¥9.99 million in Q1 2020, reflecting a decrease of approximately 18.4%[44] - Sales expenses increased to ¥26.29 million in Q1 2021 from ¥20.24 million in Q1 2020, marking an increase of about 30%[44] Cash and Cash Equivalents - As of March 31, 2021, cash and cash equivalents increased by 69.49% to ¥694,024,076.30 from ¥409,484,812.45 as of December 31, 2020, primarily due to funds raised from a private placement of shares[20] - Total cash and cash equivalents at the end of the period reached ¥679,948,529.22, up from ¥193,357,490.07 at the end of the same quarter last year[57] - The ending balance of cash and cash equivalents as of Q1 2021 was $627.91 million, up from $158.78 million at the end of Q1 2020, representing a growth of 295.5%[64]