SHIHUA(SH:688093)2021-04-28 16:00Financial Performance - Net profit attributable to shareholders increased by 186.04% year-on-year, reaching approximately CNY 33.45 million, driven by increased customer demand and improved management efficiency[9]. - Operating revenue for the period was approximately CNY 65.25 million, representing a growth of 43.30% compared to the same period last year[8]. - Basic and diluted earnings per share were both CNY 0.19, reflecting an increase of 111.11% compared to the previous year[7]. - The net profit excluding non-recurring gains and losses increased by 86.44% year-on-year, amounting to approximately CNY 21.32 million[9]. - Total operating revenue for Q1 2021 reached ¥65,245,562.98, a 43.5% increase from ¥45,530,952.31 in Q1 2020[31]. - Net profit for Q1 2021 was ¥33,453,477.34, up 185.5% compared to ¥11,695,406.05 in Q1 2020[32]. - Operating profit for Q1 2021 was ¥31,200,973.55, representing a 122.3% increase from ¥14,038,376.83 in Q1 2020[31]. - Total profit for Q1 2021 was ¥39,800,474.97, a significant rise from ¥14,039,058.03 in Q1 2020, marking an increase of 184.5%[31]. - Comprehensive income for Q1 2021 totaled ¥33,543,849.47, significantly higher than ¥11,738,256.32 in Q1 2020, reflecting an increase of 185.5%[32]. Cash Flow - The net cash flow from operating activities was approximately CNY 72.10 million, an increase of 135.42% year-on-year[7]. - The net cash flow from operating activities was CNY 72,100,129.51, significantly higher than CNY 30,625,674.12 in the same period last year, indicating a year-over-year increase of about 135.2%[38]. - The cash inflow from operating activities totaled CNY 142,106,500.00, compared to CNY 87,396,349.42 in the previous year, reflecting an increase of approximately 62.5%[38]. - The company reported a net cash decrease of CNY 231,654,075.44 in Q1 2021, compared to a decrease of CNY 38,461,134.59 in Q1 2020[39]. - The cash and cash equivalents at the end of the period were CNY 260,845,330.20, down from CNY 51,834,241.95 at the end of Q1 2020[39]. Assets and Liabilities - Total assets at the end of the reporting period were approximately CNY 1.17 billion, a decrease of 0.70% compared to the end of the previous year[7]. - The company's total assets amounted to CNY 1.17 billion, slightly down from CNY 1.18 billion, indicating a decrease of about 0.2%[24]. - The company’s total liabilities decreased by 54.37% in accounts payable to RMB 2,835.13 million as of March 31, 2021, from RMB 6,213.83 million at the end of 2020, due to payments made for engineering projects[17]. - Total liabilities decreased to CNY 44.80 million from CNY 86.01 million, a reduction of approximately 47.9%[25]. - Shareholders' equity increased to CNY 1.13 billion from CNY 1.09 billion, reflecting an increase of about 3.0%[25]. Research and Development - Research and development expenses accounted for 10.37% of operating revenue, an increase of 2.16 percentage points from the previous year[7]. - Research and development expenses increased by 81.12% to RMB 676.78 million in Q1 2021 from RMB 373.66 million in Q1 2020, reflecting the company's commitment to continuous innovation and new product development[17]. - Research and development expenses increased to ¥6,767,761.32 in Q1 2021, up 81.4% from ¥3,736,573.55 in Q1 2020[31]. Government Incentives - The company received a government listing reward of CNY 8.60 million during the reporting period[9]. - The company received government listing incentive funds, resulting in a significant increase in other income, which reached RMB 860.05 million in Q1 2021, compared to RMB 0.07 million in Q1 2020[17]. Shareholder Information - The company had a total of 7,367 shareholders at the end of the reporting period[13].