Financial Performance - Operating revenue for the period was ¥75,256,165.48, representing a year-on-year growth of 7.99%[11] - Net profit attributable to shareholders was ¥10,267,860.17, a decrease of 46.56% compared to the same period last year[11] - Basic earnings per share decreased by 50.00% to ¥0.02[11] - Total operating revenue for Q1 2021 was ¥75,256,165.48, an increase of 8.1% compared to ¥69,688,211.48 in Q1 2020[48] - Net profit for Q1 2021 was ¥8,836,656.88, a decrease of 53.2% from ¥18,865,126.17 in Q1 2020[51] - Earnings per share for Q1 2021 were ¥0.02, down from ¥0.04 in Q1 2020[53] - Total comprehensive income for Q1 2021 was CNY 24,626,837.14, compared to CNY 29,718,291.73 in Q1 2020, reflecting a decrease of 17.4%[57] Cash Flow - Net cash flow from operating activities was ¥79,812,395.14, showing a significant increase of 124.35% year-on-year[11] - Cash flow from operating activities increased significantly to CNY 79,812,395.14 in Q1 2021, compared to CNY 35,574,551.06 in Q1 2020, representing a growth of 124.0%[63] - The net cash flow from operating activities for Q1 2021 was ¥60,407,715.96, significantly up from ¥22,600,037.59 in the same period last year, representing a 167.5% increase[67] - Cash outflows from operating activities totaled ¥131,611,624.89 in Q1 2021, compared to ¥106,135,527.75 in Q1 2020, marking a 23.9% increase[67] Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,608,958,040.98, an increase of 0.65% compared to the end of the previous year[11] - The company’s total current assets decreased slightly to ¥1,703,541,550.20 from ¥1,725,591,926.46[32] - Total liabilities rose to ¥185,131,124.49 from ¥180,291,516.36, reflecting an increase of about 4.8%[37] - Current liabilities decreased to ¥124,662,702.91 from ¥133,335,124.36, a reduction of approximately 6.3%[35] - The company’s total assets amounted to ¥2,611,139,218.90, slightly up from ¥2,602,289,104.44 in the previous period[43] Shareholder Information - The total number of shareholders at the end of the reporting period was 17,402[17] - The largest shareholder, Wu Peifang, held 27.86% of the shares, totaling 125,039,272 shares[17] Research and Development - R&D investment accounted for 20.83% of operating revenue, an increase of 6.23 percentage points compared to the previous year[11] - Research and development expenses surged by 54.06% to ¥15,676,797.18, reflecting the company's commitment to enhancing its R&D capabilities[23] - Research and development expenses for Q1 2021 were ¥15,676,797.18, an increase of 54.3% compared to ¥10,175,939.18 in Q1 2020[48] Inventory and Receivables - The company reported a significant increase in accounts receivable, rising to ¥4,163,259.30 from ¥212,347.32, representing a growth of 1,860.59% due to increased customer settlements via commercial acceptance bills[23] - Inventory levels increased by 36.41% to ¥71,320,002.85, attributed to stockpiling in response to the recovery from the pandemic[23] - Accounts receivable decreased to ¥386,792,936.99 from ¥445,771,965.05, a decline of about 13.2%[41] - Inventory increased to ¥64,118,545.17 from ¥48,273,447.32, representing a growth of approximately 32.8%[41] Other Financial Metrics - The weighted average return on equity decreased by 0.40 percentage points to 0.42%[11] - Non-recurring gains and losses totaled ¥1,038,166.96 for the period[12] - The company reported a financial expense of -¥5,971,781.23 for Q1 2021, an improvement from -¥9,346,163.23 in Q1 2020[48] - The company incurred a loss of CNY 551,115.90 from investment income in Q1 2021, contrasting with a gain of CNY 118,444.73 in Q1 2020[54]
天宜上佳(688033) - 2021 Q1 - 季度财报