KSHG(SH:605333)2021-04-27 16:00Financial Performance - Operating revenue rose by 75.66% to CNY 406,668,748.15 year-on-year[10] - Net profit attributable to shareholders increased by 59.20% to CNY 7,193,591.70 compared to the same period last year[10] - Operating revenue increased by 75.66% to ¥406,668,748.15 compared to ¥231,509,799.38 in the previous year, primarily due to the impact of the pandemic last year[17] - The company reported a net profit of ¥227,517,916.88, compared to ¥220,722,508.24 in the previous period, indicating a slight increase[31] - Total operating revenue for Q1 2021 was RMB 406,668,748.15, a 75.8% increase from RMB 231,509,799.38 in Q1 2020[33] - Net profit for Q1 2021 reached RMB 7,193,591.70, compared to RMB 4,518,492.14 in Q1 2020, representing a 59.0% increase[35] - The company reported a net profit margin of approximately 1.77% for Q1 2021, compared to 1.95% in Q1 2020[35] - The total profit for Q1 2021 was RMB 7,992,879.67, up from RMB 4,671,157.06 in Q1 2020, indicating a 70.5% increase[33] Cash Flow - Net cash flow from operating activities decreased significantly by 746.34% to -CNY 95,573,556.73 compared to the previous year[10] - Net cash flow from operating activities decreased by 746.34% to -¥95,573,556.73, mainly due to increased payments for raw materials[22] - The net cash outflow from operating activities was ¥95.57 million in Q1 2021, compared to a net outflow of ¥11.29 million in Q1 2020, indicating a significant increase in cash outflow[42] - The cash inflow from operating activities totaled ¥318.15 million in Q1 2021, up from ¥283.62 million in Q1 2020, marking an increase of about 12.16%[44] - The cash outflow for purchasing goods and services was ¥298.84 million in Q1 2021, compared to ¥240.12 million in Q1 2020, representing an increase of approximately 24.36%[44] - The cash outflow for employee compensation was ¥38.20 million in Q1 2021, significantly higher than ¥23.97 million in Q1 2020, indicating a rise of about 59.49%[44] - The cash outflow for taxes paid was ¥3.10 million in Q1 2021, a decrease from ¥5.88 million in Q1 2020, reflecting a reduction of approximately 47.00%[44] - The cash outflow for other operating activities was ¥56.51 million in Q1 2021, compared to ¥7.97 million in Q1 2020, indicating a significant increase of approximately 608.73%[44] Assets and Liabilities - Total assets increased by 12.14% to CNY 2,163,790,036.50 compared to the end of the previous year[10] - Inventory increased by 41.29% to CNY 344,471,872.46 due to rising raw material prices and increased reserves[16] - Total assets reached ¥2,170,439,943.23 as of March 31, 2021, up from ¥1,922,416,850.37 at the end of 2020, representing a growth of approximately 12.93%[30] - Current assets totaled ¥1,251,825,821.24, an increase of 18.43% from ¥1,056,414,431.89 in the previous period[30] - Total liabilities reached ¥1,381,736,364.47, an increase of 21.14% from ¥1,140,508,680.25[31] - Current liabilities amounted to ¥1,037,262,926.22, up 21.23% from ¥855,957,036.12[31] - Long-term borrowings increased to ¥315,073,888.89, a rise of 24.06% from ¥254,000,000.00[31] - Shareholders' equity totaled ¥788,703,578.76, up from ¥781,908,170.12, reflecting a growth of 0.99%[31] Research and Development - R&D expenses surged by 120.61% to ¥27,430,730.14, driven by the need for additional personnel for new projects[17] - Research and development expenses in Q1 2021 were RMB 27,430,730.14, significantly higher than RMB 12,434,077.51 in Q1 2020, indicating a 120.5% increase[33] Other Income and Expenses - Other income increased to ¥3,671,558.29, primarily due to a tax refund received during the reporting period[20] - Tax and additional fees rose by 93.96% to ¥1,514,112.08, correlating with the increase in operating revenue[17] - The company incurred a credit impairment loss of RMB -132,764.82 in Q1 2021, a significant improvement from RMB 490,032.48 in Q1 2020[33]