Ronbay Technology(SH:688005)2021-04-27 16:00Financial Performance - Operating revenue surged by 113.70% to CNY 1,394,002,488.38 year-on-year[4] - Net profit attributable to shareholders rose by 373.95% to CNY 119,568,590.50 compared to the same period last year[4] - Basic earnings per share increased by 350.00% to CNY 0.27[4] - The company reported a non-recurring profit of CNY 29,776,066.76 for the period[5] - The company's operating revenue for Q1 2021 was ¥1,394,002,488.38, representing a 113.70% increase compared to ¥652,317,766.86 in the same period last year[8] - Net profit for the period reached ¥119,276,681.76, marking a significant increase of 380.88% compared to ¥24,803,750.72 in the previous year[8] - The total profit amounted to ¥140,404,440.25, up 370.21% from ¥29,859,910.63 year-on-year[8] - The company reported a profit margin of approximately 8.55% for Q1 2021, compared to 3.81% in Q1 2020[24] - The total comprehensive income for Q1 2021 was RMB 113,761,944.67, compared to RMB 22,617,643.79 in Q1 2020, indicating a growth of 403.5%[24] Cash Flow - Net cash flow from operating activities decreased by 475.56% to -CNY 238,955,891.17 compared to the previous year[4] - The company's cash flow management led to a significant increase in cash purchases, impacting the operating cash flow[11] - Cash flow from operating activities for Q1 2021 was -238,955,891.17 RMB, a significant decline from a positive cash flow of 63,626,019.56 RMB in Q1 2020[28] - Total cash inflow from operating activities was 671,607,529.11 RMB, down from 751,995,151.94 RMB in the previous year, indicating a decrease of about 10.7%[28] - Cash outflow for purchasing goods and services increased to 547,955,882.64 RMB in Q1 2021 from 412,495,858.92 RMB in Q1 2020, representing a rise of approximately 32.8%[28] - The net cash flow from investing activities was 205,270,861.61 RMB, a turnaround from -2,168,906.90 RMB in Q1 2020[29] - Cash inflow from financing activities totaled 289,898,759.54 RMB, while cash outflow was 47,059,557.12 RMB, resulting in a net cash flow of 242,839,202.42 RMB[29] Assets and Liabilities - Total assets increased by 17.40% to CNY 7,202,695,066.49 compared to the end of the previous year[4] - Total liabilities increased to ¥2,584,174,023.62, up from ¥1,644,649,775.40, representing a growth of approximately 57.1% year-over-year[18] - Total assets reached ¥5,273,684,689.79, compared to ¥4,614,293,659.27, indicating an increase of about 14.3%[20] - Total liabilities were 1,644,649,775.40 RMB, with current liabilities at 1,435,272,994.92 RMB[34] - The company’s cash and cash equivalents increased to ¥1,730,632,484.57 as of March 31, 2021, up from ¥1,407,062,310.82 at the end of 2020, representing a growth of approximately 22.9%[16] - The company’s fixed assets were valued at 1,207,356,650.00 RMB, contributing to the overall asset base[34] Shareholder Information - The total number of shareholders reached 11,164 at the end of the reporting period[6] - The largest shareholder, Shanghai Rongbai New Energy Investment Enterprise, holds 28.83% of the shares[6] - Total equity attributable to shareholders increased to ¥4,611,942,130.95 from ¥4,483,521,663.86, marking a growth of approximately 2.9%[18] Research and Development - R&D investment as a percentage of operating revenue decreased by 1.81 percentage points to 3.73%[4] - Research and development expenses increased to RMB 51,974,393.46 in Q1 2021, up 43.5% from RMB 36,154,989.18 in Q1 2020[23] Debt and Financing - The company’s short-term borrowings surged to ¥127,809,209.54, a dramatic increase of 1,552.27% from ¥7,735,391.00[12] - The company engaged in debt settlement with clients, including a debt reduction of ¥5,180 million with BAK Battery Company through battery offset[13] - The company plans to continue business with BAK Battery Company under a prepayment model following the debt settlement[13]