BLEST(SH:603959)2021-04-28 16:00Financial Performance - Operating revenue for the current period reached CNY 201,690,354.22, representing a significant increase of 79.63% year-on-year[6]. - Net profit attributable to shareholders was CNY 30,007,070.53, a remarkable increase of 329.40% compared to the same period last year[6]. - The net cash flow from operating activities was CNY 21,183,788.12, a turnaround from a negative cash flow of CNY -230,053,216.75 in the previous year, marking an increase of 109.21%[6]. - Basic and diluted earnings per share were both CNY 0.06, up 304.01% from a loss of CNY -0.03 in the previous year[6]. - The company reported a net loss of CNY 234,588,262.54 for Q1 2021, an improvement from a loss of CNY 263,619,434.38 in Q1 2020[21]. - The net profit for Q1 2021 was CNY 29.06 million, compared to a net loss of CNY 14.47 million in Q1 2020, indicating a turnaround in profitability[23]. - The total comprehensive income for Q1 2021 was CNY 29.54 million, compared to a loss of CNY 15.09 million in Q1 2020, showing a significant recovery[24]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,766,712,006.63, a decrease of 0.53% compared to the end of the previous year[6]. - The company’s total assets as of March 31, 2021, amounted to ¥1,922,605,916.61, compared to ¥1,984,607,161.29 at the end of 2020[15]. - Total liabilities reached CNY 2,143,385,780, reflecting a decrease of CNY 8,213,164.92[36]. - Current liabilities totaled CNY 2,136,142,256.63, with a slight decrease of CNY 3,660,404.57[35]. - The company's total liabilities were CNY 1,375,075,236.09, down from CNY 1,422,930,229.26, a decrease of about 3.4%[21]. - Non-current liabilities amounted to CNY 7,243,523.4, showing a decrease of CNY 4,552,760.35[36]. Shareholder Information - The total number of shareholders at the end of the reporting period was 11,136[8]. - The largest shareholder, Tibet Xinhai New Venture Investment Co., Ltd., held 215,135,160 shares, accounting for 43.88% of the total shares[9]. - Shareholders' equity totaled CNY 638,086,800.58, with an increase of CNY 103,762.35[36]. Cash Flow - Cash flow from operating activities improved to ¥21,183,788.12, a 109.21% increase from a negative cash flow of -¥230,053,216.75 in the previous year[11]. - The company reported cash outflow from investing activities of ¥40,435,057.96 in Q1 2021, compared to ¥109,154.78 in Q1 2020, indicating increased investment activity[30]. - Cash inflow from financing activities in Q1 2021 was ¥58,200,000.00, down from ¥350,000,000.00 in Q1 2020, reflecting a decrease in borrowing[30]. - The company's cash and cash equivalents at the end of Q1 2021 stood at ¥152,235,842.77, down from ¥169,516,848.34 at the end of Q1 2020[30]. Operational Costs and Expenses - Operating costs rose to ¥175,920,288.98, reflecting a 77.05% increase from ¥99,360,692.26, attributed to normal project implementation this year[10]. - R&D expenses increased by 88.69% to ¥18,571,498.67, driven by higher material costs for the lithium battery project[10]. - The company reported a significant increase in credit impairment losses, totaling ¥54,667,440.06, a 274.24% rise from ¥14,607,640.28[11]. - Total operating costs for Q1 2021 were CNY 227.27 million, up from CNY 139.12 million in Q1 2020, reflecting an increase of about 63.3%[23]. Future Outlook - The company has not disclosed any new product developments or market expansion strategies in this report[4]. - The company plans to continue focusing on market expansion and new product development to sustain growth in the upcoming quarters[25].