Willfar(SH:688100)2021-04-19 16:00Financial Performance - Operating revenue for the period was CNY 315,686,728.29, representing a year-on-year increase of 32.14%[12] - Net profit attributable to shareholders was CNY 53,120,892.06, an increase of 62.38% compared to the same period last year[12] - Basic earnings per share were CNY 0.11, reflecting a growth of 57.14% compared to the previous year[12] - The company reported a significant increase in other income, which rose by 597.67% to RMB 20,788,815.88, driven by software tax rebates and increased government subsidies[25] - The total comprehensive income for Q1 2021 was RMB 53,120,892.06, compared to RMB 32,810,588.69 in Q1 2020, reflecting a growth of 62.1%[51] - The net profit for Q1 2021 reached RMB 53,120,892.06, representing a 62.1% increase from RMB 32,810,588.69 in Q1 2020[51] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,236,868,743.57, a decrease of 1.45% compared to the end of the previous year[12] - The total assets as of March 31, 2021, amounted to RMB 2,785,510,343.37, a slight decrease from RMB 2,836,440,692.43 at the end of 2020[31] - Total liabilities decreased from ¥929,644,046.40 to ¥828,758,145.82, a decline of about 10.81%[36] - Current liabilities decreased from ¥921,629,729.96 to ¥817,239,517.56, a reduction of approximately 11.31%[34] - The company's total current liabilities were not specified but are included in the total liabilities figure[82] Cash Flow - The net cash flow from operating activities was CNY 5,031,395.49, down 87.70% year-on-year[12] - The net cash flow from operating activities for Q1 2021 was RMB 5,031,395.49, a decrease of 87.76% compared to RMB 40,909,667.44 in Q1 2020[61] - Cash inflow from operating activities totaled RMB 220,502,197.61, down 5.5% from RMB 234,471,755.59 in the same period last year[65] - Cash outflow from operating activities increased by 29.5% to RMB 219,846,915.86 from RMB 169,846,697.94 in Q1 2020[65] Shareholder Information - The total number of shareholders at the end of the reporting period was 8,280[18] - The top ten shareholders held a total of 36.67% of the shares, with the largest shareholder, Weisheng Group Co., Ltd., holding 183,333,708 shares[18] Research and Development - R&D investment accounted for 10.16% of operating revenue, an increase of 1.52 percentage points year-on-year[12] - Research and development expenses increased by 55.38% to RMB 32,082,267.68, reflecting the company's commitment to enhancing technological advantages and product competitiveness[25] - The R&D expenses for Q1 2021 were RMB 32,082,267.68, which is a 55.5% increase compared to RMB 20,647,055.85 in Q1 2020[48] Equity and Retained Earnings - The company's retained earnings increased from ¥711,600,452.70 to ¥764,721,344.76, an increase of approximately 7.45%[36] - Total equity increased from ¥2,354,989,705.69 to ¥2,408,110,597.75, an increase of about 2.27%[36] - The total equity increased to RMB 2,258,020,270.91 in Q1 2021 from RMB 2,214,994,452.19 in Q1 2020, showing a growth of 1.9%[48] Other Financial Metrics - The weighted average return on equity increased by 0.47 percentage points to 2.23%[12] - The company reported non-recurring gains and losses totaling CNY 4,941,080.72 for the period[16] - The gross profit margin improved, with operating costs rising to RMB 214,510,935.00, a 32.02% increase from RMB 162,487,847.46 in the previous year[25]