XINYA(SH:605277)2021-04-27 16:00Financial Performance - Total revenue for Q1 2021 reached RMB 331,026,894.02, representing a 101.60% increase compared to RMB 164,197,512.33 in the same period last year[8] - Net profit attributable to shareholders for Q1 2021 was RMB 36,516,576.27, up 105.05% from RMB 17,808,098.96 year-on-year[8] - Basic earnings per share increased by 50.00% to RMB 0.27 from RMB 0.18 in the same period last year[8] - Operating profit for Q1 2021 reached ¥47,912,561.50, up 103.5% from ¥23,532,560.91 in the same period last year[22] - Net profit for Q1 2021 was ¥36,516,576.27, representing a 105.5% increase from ¥17,808,098.96 in Q1 2020[22] - The total profit for Q1 2021 was ¥47,952,057.61, an increase of 104.4% from ¥23,430,561.35 in Q1 2020[22] - The company reported a significant increase in sales revenue from goods and services, totaling ¥183,175,516.80 in Q1 2021, compared to ¥125,156,558.31 in Q1 2020[24] Cash Flow and Investments - The company's cash flow from operating activities showed a significant decline, with a net outflow of RMB 78,554,256.65 compared to a net outflow of RMB 3,874,952.97 in the previous year, marking a decrease of 1,927.23%[8] - Net cash flow from operating activities decreased significantly by 1927.23% to -¥78,554,256.65, mainly due to a substantial rise in raw material purchases and increased accounts receivable[16] - Cash and cash equivalents decreased by 77.02% to ¥135,508,553.61 due to increased operational expenditures and investment in financial products[14] - Total cash outflow from investing activities was ¥378,733,670.67, significantly higher than ¥1,334,186.34 in Q1 2020[25] - Net cash flow from investing activities dropped by 25056.05% to -¥335,628,581.25, primarily due to investments in construction projects and financial products[16] - The company experienced a net cash outflow from financing activities of ¥40,150,719.44, compared to a net outflow of ¥12,964,218.63 in Q1 2020[25] Assets and Shareholder Information - The total assets at the end of the reporting period were RMB 1,215,506,285.12, down 1.64% from RMB 1,235,834,158.11 at the end of the previous year[8] - Total assets amounted to ¥1,215,506,285.12, a slight decrease from ¥1,235,834,158.11 at the beginning of the period[19] - The total number of shareholders reached 20,270 by the end of the reporting period[12] - The largest shareholder, Leqing Lixin Holdings Co., Ltd., held 40,032,000 shares, accounting for 30% of the total shares[12] Research and Development - R&D expenses surged by 302.50% to ¥9,139,081.20, reflecting increased investment in fine electronic wire research[15] - Research and development expenses increased to ¥9,139,081.20, up 302.5% from ¥2,270,576.42 in Q1 2020[22] Other Financial Metrics - The weighted average return on net assets decreased to 3.53%, down 24.09 percentage points from 4.65% in the previous year[8] - Non-recurring gains and losses amounted to RMB 5,016,629.78, primarily due to the disposal of idle assets and government subsidies[10] - Accounts receivable financing rose by 37.77% to ¥65,845,250.82, attributed to increased cash settlements with suppliers[14] - Inventory increased by 31.27% to ¥150,270,097.00, driven by a rise in orders leading to higher raw materials and finished goods[15] - Other receivables surged by 674.52% to ¥5,549,592.75, mainly due to deposits paid to suppliers that have not been recovered[15]