SNC Net(SH:605398)2021-04-27 16:00Financial Performance - Operating revenue for the period was CNY 99,544,184.81, representing a 23.10% increase year-on-year[5] - Net profit attributable to shareholders decreased by 10.19% to CNY 10,774,745.48 compared to the same period last year[5] - The weighted average return on net assets decreased by 2.19 percentage points to 1.41%[5] - Basic earnings per share decreased by 25.93% to CNY 0.20 per share[5] - Total operating revenue for Q1 2021 reached ¥99,544,184.81, a 23.1% increase from ¥80,867,360.96 in Q1 2020[26] - Net profit for Q1 2021 was ¥10,806,680.04, a decrease of 9.9% compared to ¥11,995,460.31 in Q1 2020[27] - Basic and diluted earnings per share for Q1 2021 were both ¥0.20, down from ¥0.27 in Q1 2020[27] Assets and Liabilities - Total assets increased by 68.89% to CNY 1,119,638,424.39 compared to the end of the previous year[5] - Current liabilities totaled CNY 174,346,406.71, down from CNY 247,100,512.82 in the previous period, indicating a reduction of approximately 29.4%[20] - The total liabilities decreased to CNY 177,983,703.11 from CNY 247,279,050.61, a reduction of approximately 28.0%[21] - The company's total equity reached CNY 941,654,721.28, compared to CNY 415,642,326.50 at the end of 2020, reflecting a growth of about 126.5%[21] - Total current assets increased to CNY 738,897,668.26 from CNY 353,071,327.63, reflecting a growth of approximately 109.5%[23] - The total non-current liabilities increased to CNY 143,445.13, reflecting a rise in lease liabilities[43] Cash Flow - Cash flow from operating activities was negative at CNY -87,244,774.27, compared to CNY -71,107,686.38 in the previous year[5] - The company reported a net cash inflow from financing activities of ¥517,202,484.77, primarily from the proceeds of the initial public offering[15] - The net cash flow from operating activities was -¥87,244,774.27, worsening from -¥71,107,686.38 year-over-year[32] - The company raised ¥523,661,156.15 through financing activities, a new source of capital compared to the previous year[33] - The net cash flow from financing activities was ¥517,202,484.77, a significant improvement from -¥21,181,044.31 in the prior year[33] Shareholder Information - The total number of shareholders at the end of the reporting period was 13,198[10] - The top shareholder, Sun Zhengyang, holds 18.55% of the shares, totaling 11,034,650 shares[10] Research and Development - Research and development expenses rose by 52.00% to ¥15,100,782.21, reflecting higher capitalized R&D investments compared to the previous year[14] - Research and development expenses rose to ¥15,100,782.21, an increase of 51.8% from ¥9,934,992.86 in Q1 2020[26] Government Subsidies - The company received government subsidies amounting to CNY 1,442,643.00 during the reporting period[8] Other Financial Metrics - The company recorded a decrease in employee compensation payable by 40.74% to ¥29,073,588.72, as bonuses from the previous year were paid out[12] - The company experienced a credit impairment loss of ¥116,599.32 in Q1 2021, compared to a gain of ¥336,728.10 in Q1 2020[26] - The company's financial expenses showed a significant improvement, reporting a net income of ¥-2,064,480.06 in Q1 2021 compared to ¥91,656.27 in Q1 2020[26]