Worldia(SH:688028)2021-04-21 16:00Financial Performance - The company achieved operating revenue of CNY 69,781,519.75, representing a 49.70% increase compared to the same period last year[7]. - Net profit attributable to shareholders reached CNY 16,082,088.73, up 46.24% year-on-year[7]. - Basic and diluted earnings per share were both CNY 0.20, a 42.86% increase from the previous year[6]. - Operating profit for Q1 2021 was ¥19,140,908.30, up 45.9% from ¥13,113,367.66 in Q1 2020[25]. - Total comprehensive income for Q1 2021 was ¥6,746,136.18, compared to ¥5,130,960.06 in Q1 2020, representing an increase of approximately 31.5%[29]. Cash Flow - The net cash flow from operating activities was CNY 13,205,694.04, reflecting a 25.22% increase compared to the previous year[6]. - Cash inflow from operating activities was ¥87,024,670.99 in Q1 2021, up from ¥59,780,314.76 in Q1 2020, indicating a growth of about 45.5%[30]. - Cash and cash equivalents at the end of Q1 2021 totaled ¥357,995,972.15, up from ¥184,691,810.23 in Q1 2020, marking an increase of about 93.8%[30]. - The company reported a net increase in cash and cash equivalents of ¥21,325,904.42 in Q1 2021, down from ¥79,413,967.64 in Q1 2020, reflecting a decrease of approximately 73.1%[30]. - The company’s cash flow from operating activities was impacted by an increase in payments to employees, which rose to ¥29,834,218.21 from ¥24,603,080.97 year-over-year, an increase of about 21.5%[30]. Research and Development - Research and development expenses accounted for 7.23% of operating revenue, a decrease of 0.25 percentage points[7]. - The company plans to increase R&D investment and expand its product range in the high-end tool market[7]. - Research and development expenses rose by 44.82% to CNY 5,046,465.31, compared to CNY 3,484,749.11 in the previous year, reflecting increased investment in R&D projects[14]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 918,281,495.21, a 2.24% increase from the end of the previous year[6]. - The net assets attributable to shareholders were CNY 861,898,488.99, up 2.13% from the previous year[6]. - Total liabilities reached ¥56,383,006.22, up from ¥54,219,091.97, representing an increase of approximately 4.0%[20]. - The total amount of contract liabilities increased by 39.45% to CNY 3,112,907.35, compared to CNY 2,232,293.08, indicating a rise in advance payments received[13]. - The company reported a significant increase in other receivables, which rose by 146.00% to CNY 639,227.76 from CNY 259,845.21, mainly due to increased travel expense advances[13]. Operational Costs - The cost of goods sold increased by 34.54% to CNY 34,925,634.46, up from CNY 25,960,066.30, primarily due to the increase in operating revenue[14]. - Total operating costs for Q1 2021 were ¥52,390,220.24, a 48.6% increase from ¥35,234,550.22 in Q1 2020[14]. - Employee compensation payable decreased by 64.25% to CNY 5,505,262.90, down from CNY 15,400,041.54, as the year-end bonuses were paid in Q1 2021[13]. Future Plans - The company plans to continue expanding its market presence and investing in new technologies to enhance its competitive edge in the industry[14].