TCT(SH:688015)2021-04-20 16:00Financial Performance - Operating revenue rose by 33.17% to CNY 363,631,253.90 year-on-year[5] - Net profit attributable to shareholders increased by 7.21% to CNY 24,576,139.74 compared to the same period last year[5] - Basic earnings per share rose by 7.14% to CNY 0.15[7] - The company reported a total profit of RMB 31,084,252.04 for Q1 2021, compared to RMB 25,451,938.33 in Q1 2020, marking a 22.4% increase[33] - Net profit for Q1 2021 reached RMB 24,264,642.12, up 14.5% from RMB 21,210,253.65 in Q1 2020[33] - Operating profit for Q1 2021 was RMB 31,020,439.95, compared to RMB 26,451,949.02 in Q1 2020, reflecting an increase of 9.7%[33] Research and Development - R&D expenditure as a percentage of operating revenue increased by 3.06 percentage points to 11.30%[7] - R&D expenses increased by 82.53% to RMB 41,081,058.37, up from RMB 22,506,514.73, primarily due to an increase in personnel and project investments[15] - Research and development expenses increased to RMB 41,081,058.37, representing an 82.5% rise compared to RMB 22,506,514.73 in Q1 2020[32] Cash Flow and Liquidity - Net cash flow from operating activities decreased by 67.54% to CNY -228,747,210.38 compared to the previous year[5] - The net cash flow from operating activities for Q1 2021 was -211,886,763.82 RMB, compared to -118,312,948.32 RMB in Q1 2020, indicating a decline in operational performance[41] - Total cash inflow from operating activities was 188,217,146.41 RMB, down from 320,204,975.82 RMB in the same period last year, reflecting a decrease of approximately 41.2%[40] - Cash received from sales of goods and services in Q1 2021 was RMB 167,510,314.39, down 42.5% from RMB 291,670,539.55 in Q1 2020[37] - The net cash flow from investing activities was -49,816,799.83 RMB, significantly lower than the positive cash flow of 242,289,770.11 RMB in Q1 2020[41] - The company’s total cash and cash equivalents decreased by 262,265,211.92 RMB in Q1 2021, contrasting with an increase of 123,447,273.52 RMB in Q1 2020[41] Assets and Liabilities - Total assets increased by 0.57% to CNY 4,373,619,206.90 compared to the end of the previous year[5] - Current liabilities decreased to CNY 2,726,712,524.53 from CNY 2,841,172,265.24, a reduction of about 4%[25] - Non-current liabilities rose to CNY 296,303,835.75, up from CNY 188,790,801.39, indicating an increase of approximately 57%[26] - Total liabilities remained stable at CNY 3,023,016,360.28 compared to CNY 3,029,963,066.63, showing a slight decrease[26] - Shareholders' equity increased to CNY 1,350,602,846.62 from CNY 1,319,016,761.63, an increase of approximately 2.4%[26] - The company reported a total current asset of CNY 3,635,034,740.84, down from CNY 3,798,413,844.99, a decrease of about 4.3%[29] Shareholder Information - The total number of shareholders reached 7,506 at the end of the reporting period[10] - The largest shareholder, Beijing Infrastructure Investment Co., Ltd., holds 16.66% of the shares[10] Other Financial Metrics - The weighted average return on equity decreased by 0.22 percentage points to 1.87%[5] - The company reported a significant increase in tax expenses, which rose by 60.78% to RMB 6,819,609.92 due to higher profits[14] - Management expenses rose by 77.92% to RMB 50,152,641.94, attributed to an increase in staff compensation and new lease agreements[15] - The company made a new investment of RMB 35,000,000.00 in Beijing Jicheng Huiying Venture Capital Center (Limited Partnership)[20] - The construction in progress increased by 51.63% to RMB 28,690,274.70, reflecting ongoing project investments[20]