Wondux(SH:688178)2021-04-29 16:00Financial Performance - Operating revenue increased by 76.64% to CNY 120,158,985.82 compared to the same period last year[7] - Net profit attributable to shareholders increased by 12.77% to CNY 9,663,181.57 year-on-year[7] - Net profit excluding non-recurring gains and losses surged by 1,961.11% to CNY 9,081,907.32 compared to the same period last year[7] - The company's operating revenue for Q1 2021 was CNY 120,158,985.82, representing a 76.64% increase compared to CNY 68,026,000.71 in Q1 2020[19] - Net profit for Q1 2021 reached RMB 9,440,698.54, up 10.2% from RMB 8,568,810.25 in Q1 2020[36] - Operating profit for Q1 2021 was RMB 12,144,146.71, compared to RMB 4,429,351.13 in Q1 2020, reflecting a significant growth[35] - The total profit for Q1 2021 was RMB 11,140,072.67, compared to RMB 10,948,451.13 in Q1 2020[36] - The company’s total comprehensive income for Q1 2021 was RMB 9,440,698.54, up from RMB 8,568,810.25 in Q1 2020[36] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -102,657,565.67, compared to CNY -46,340,317.73 in the previous year[7] - Cash flow from operating activities in Q1 2021 was RMB 141,803,030.57, significantly higher than RMB 73,520,782.53 in Q1 2020[41] - Operating cash inflow for Q1 2021 was CNY 159,268,494.50, up from CNY 77,445,541.72 in Q1 2020, representing a 105.5% increase[45] - Operating cash outflow for Q1 2021 totaled CNY 263,177,374.48, compared to CNY 125,472,736.18 in Q1 2020, indicating a 109.5% increase[45] - Net cash flow from operating activities was -CNY 103,908,879.98 in Q1 2021, worsening from -CNY 48,027,194.46 in Q1 2020[46] - Cash inflow from investment activities was CNY 359,042,356.24 in Q1 2021, significantly higher than CNY 163,503,352.98 in Q1 2020, marking a 119.5% increase[46] - Cash outflow from investment activities was CNY 343,219,334.77 in Q1 2021, compared to CNY 712,977,164.76 in Q1 2020, showing a decrease of 52.1%[46] - Net cash flow from investment activities was CNY 15,823,021.47 in Q1 2021, a recovery from -CNY 549,473,811.78 in Q1 2020[46] - The ending cash and cash equivalents balance was CNY 227,898,476.20 in Q1 2021, down from CNY 74,489,186.23 in Q1 2020[46] - The company reported a net decrease in cash and cash equivalents of -CNY 97,954,736.72 in Q1 2021, compared to -CNY 127,329,534.08 in Q1 2020[46] Assets and Liabilities - Total assets decreased by 4.79% to CNY 1,693,845,889.43 compared to the end of the previous year[7] - Total liabilities decreased from CNY 718,568,690.93 to CNY 623,670,054.81, a reduction of about 13.2%[32] - Current liabilities decreased from CNY 621,237,023.40 to CNY 534,628,811.19, a reduction of about 13.9%[27] - Cash and cash equivalents decreased from CNY 379,195,970.00 to CNY 263,803,830.92, a drop of approximately 30.5%[30] - Accounts receivable decreased from CNY 283,702,374.99 to CNY 277,983,439.86, a decline of about 2.5%[31] - Inventory increased from CNY 50,773,704.81 to CNY 79,501,607.82, an increase of approximately 56.8%[31] - Shareholders' equity increased from CNY 1,106,857,035.47 to CNY 1,115,977,848.09, an increase of approximately 0.9%[32] - Non-current assets increased from CNY 235,064,984.51 to CNY 250,247,934.21, an increase of about 6.4%[31] Research and Development - R&D investment as a percentage of operating revenue rose by 0.89 percentage points to 6.53%[7] - Research and development expenses increased by 104.44% to CNY 7,850,029.28, reflecting a significant rise in R&D investment[19] - The company has not disclosed any new product or technology developments in this report[7] Shareholder Information - The total number of shareholders reached 5,625 at the end of the reporting period[11] - The largest shareholder, Nanjing Wandes Investment Co., Ltd., holds 28.92% of the shares[11] Borrowings and Financing - The company reduced short-term borrowings by 62.19% to CNY 3,678,000.00, mainly due to a decrease in discounted commercial acceptance bills[17] - The company reported a decrease in short-term borrowings from CNY 9,727,000.00 to CNY 3,678,000.00, a decline of approximately 62.2%[32] - Cash inflow from financing activities was CNY 335,000.00 in Q1 2021, down from CNY 498,002,368.00 in Q1 2020[43] - Cash outflow from financing activities totaled CNY 9,868,878.21 in Q1 2021, compared to CNY 27,830,895.84 in Q1 2020, indicating a decrease of 64.6%[46]