TONGLI RISHENG(SH:605286)2021-04-27 16:00Financial Performance - Operating revenue rose by 66.86% to CNY 370,163,984.27 year-on-year[5] - Net profit attributable to shareholders increased by 67.62% to CNY 19,331,848.10 compared to the same period last year[5] - Basic and diluted earnings per share increased by 55.56% to CNY 0.14[5] - The weighted average return on equity improved by 0.65 percentage points to 2.53%[5] - Total operating revenue for Q1 2021 reached ¥370,163,984.27, a significant increase of 67% compared to ¥221,838,145.85 in Q1 2020[23] - Net profit for Q1 2021 was ¥19,331,848.10, representing a 67% increase from ¥11,532,869.72 in Q1 2020[24] - Operating profit for Q1 2021 was ¥24,692,437.00, up from ¥13,106,184.95 in Q1 2020, indicating an increase of 88%[24] - The company reported a total profit of ¥22,999,105.10 for Q1 2021, compared to ¥13,081,608.89 in Q1 2020, reflecting a growth of 76%[24] Assets and Liabilities - Total assets increased by 49.92% to CNY 1,711,052,178.46 compared to the end of the previous year[5] - Cash and cash equivalents increased by 388.78% to RMB 621,038,953.32 as of March 31, 2021, mainly due to funds raised in March 2021[11] - The total assets as of March 31, 2021, included a significant increase in prepaid expenses, which rose by 106.86% to RMB 72,855,239.00[11] - The company’s capital reserve increased by 273.12% to RMB 751,588,763.37, attributed to the capital premium from the IPO[11] - The company’s total liabilities increased significantly, with other payables rising by 1033.65% to RMB 13,441,250.81, primarily due to unpaid IPO issuance costs[11] - Total current assets increased to ¥1,340,477,745.63 from ¥771,612,136.03 as of December 31, 2020, representing a growth of approximately 74.5%[17] - Total liabilities decreased to ¥346,425,341.68 from ¥388,138,150.24, a reduction of approximately 10.7%[18] - The company’s total non-current assets slightly increased to ¥370,574,432.83 from ¥369,666,682.14, a marginal growth of about 0.2%[17] - The company’s total liabilities and shareholders' equity amounted to ¥1,711,052,178.46, consistent with total assets[19] Cash Flow - Net cash flow from operating activities decreased significantly by 865.37% to -CNY 88,933,084.79 compared to the previous year[5] - In Q1 2021, the company reported cash inflow from operating activities of CNY 468,542,636.33, an increase of 34.1% compared to CNY 349,457,196.00 in Q1 2020[30] - The net cash flow from operating activities was negative CNY 88,933,084.79, worsening from negative CNY 9,212,332.81 in the same period last year[30] - The company generated cash inflow from investment activities totaling CNY 347,430,383.77, up from CNY 299,004,084.76 in Q1 2020[31] - Cash inflow from financing activities reached CNY 671,474,528.30, significantly higher than CNY 69,490,000.00 in Q1 2020[31] - The net cash flow from financing activities was positive CNY 598,585,553.94, compared to negative CNY 30,770,676.67 in the previous year[31] - The total cash and cash equivalents increased by CNY 493,979,610.21 during the quarter, compared to a decrease of CNY 59,289,418.33 in Q1 2020[31] Shareholder Information - The total number of shareholders reached 44,507 by the end of the reporting period[8] - The largest shareholder, Li Guoping, holds 33.82% of the shares, totaling 56,815,060 shares[8] Research and Development - Research and development expenses rose by 66.77% to RMB 12,981,623.97, indicating a commitment to increased R&D investment[12] - Research and development expenses rose to ¥12,981,623.97 in Q1 2021, compared to ¥7,784,150.70 in Q1 2020, reflecting a 66% increase[24] Government Support - Non-recurring gains and losses totaled CNY 1,233,487.45, primarily from government subsidies and other income[6] - The company received a government listing reward of CNY 2,500,000, contributing to its non-recurring gains[6] Market Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[10]