Baolande(SH:688058)2021-04-25 16:00Financial Performance - Operating revenue for the current period reached CNY 33.05 million, representing a significant increase of 270.49% year-on-year[5] - Net profit attributable to shareholders was CNY 2.69 million, a remarkable turnaround from a loss of CNY 1.33 million in the same period last year, reflecting a growth of 301.92%[5] - Basic earnings per share increased to CNY 0.07, compared to a loss of CNY 0.03 per share in the same period last year, marking a growth of 333.33%[7] - The company reported a total profit of ¥3,356,692.80 for Q1 2021, compared to a loss of ¥1,910,085.33 in Q1 2020[25] - Net profit for Q1 2021 was ¥2,761,676.64, compared to a net loss of ¥1,841,099.15 in Q1 2020, marking a turnaround[25] Cash Flow and Assets - The net cash flow from operating activities improved to -CNY 14.96 million, a 36.7% reduction in losses compared to the previous year[5] - Cash and cash equivalents as of March 31, 2021, were approximately 484.75 million RMB, up from 477.98 million RMB at the end of 2020[18] - The total cash inflow from operating activities was ¥42,600,080.64, compared to ¥14,860,452.07 in Q1 2020, representing an increase of approximately 187%[30] - The net cash flow from operating activities was -¥14,957,219.82, an improvement compared to -¥23,631,365.67 in the same period last year, indicating a reduction in cash outflow by about 36%[30] - The cash and cash equivalents at the end of Q1 2021 were ¥483,707,065.22, up from ¥261,617,094.06 at the end of Q1 2020, marking an increase of approximately 84%[31] Research and Development - Research and development expenses accounted for 37.99% of operating revenue, a decrease of 50.08 percentage points compared to the previous year[7] - Research and development expenses increased to ¥12,557,864.77 in Q1 2021, up from ¥7,857,558.49 in Q1 2020, reflecting a focus on innovation[24] Shareholder Information - The total number of shareholders at the end of the reporting period was 3,698[11] - The top shareholder, Yi Cundao, held 14,388,000 shares, representing 35.97% of the total shares[11] Liabilities and Equity - Current liabilities decreased to ¥15,984,659.86 from ¥34,719,774.35, representing a significant reduction of approximately 54%[20] - Total liabilities were ¥17,709,659.86, down from ¥36,444,774.35, showing a decrease of around 51.5%[20] - Owner's equity increased to ¥984,759,122.03 from ¥981,997,445.39, reflecting a growth of about 0.2%[20] Market Presence and Future Outlook - The company has rapidly expanded its market presence in the financial sector, collaborating with multiple banks and insurance companies[13] - The company anticipates significant changes in net profit for the first half of 2021 compared to the same period last year due to improved operational conditions post-COVID-19[15]