GDTC(SH:688186)2021-04-15 16:00Financial Performance - Operating revenue reached CNY 607,928,692.84, representing a growth of 118.02% year-on-year[5] - Net profit attributable to shareholders was CNY 65,076,834.31, up 141.23% from the previous year[5] - Basic earnings per share increased by 95.00% to CNY 0.39[5] - The company reported a net profit tax expense of ¥12,595,118.66, which is 162.40% higher than ¥4,799,905.60 in the same period last year[17] - Net profit for Q1 2021 was ¥65,360,804.95, representing a 142.5% increase from ¥26,977,086.43 in Q1 2020[28] - The total comprehensive income for Q1 2021 was ¥65,360,804.95, compared to ¥26,977,086.43 in Q1 2020, marking an increase of 142.5%[29] Asset and Liability Changes - Total assets increased by 23.92% to CNY 5,139,323,249.44 compared to the end of the previous year[5] - The company's intangible assets rose by 56.32%, reaching RMB 270,885,206.88, compared to RMB 173,286,858.05 previously[15] - Current liabilities increased to ¥2,017,424,142.47 from ¥1,607,732,932.15, reflecting a rise in short-term borrowings and accounts payable[21] - Total liabilities as of March 31, 2021, were ¥2,363,897,609.26, an increase of 12.9% from ¥2,092,891,243.86 at the end of 2020[25] Cash Flow and Liquidity - The company reported a net cash flow from operating activities of -CNY 105,996,432.63, an improvement from -CNY 122,279,051.25 in the previous year[5] - The company reported a significant increase in cash and cash equivalents, reaching RMB 830,890,717.88, up 84.93% from RMB 449,305,889.19 at the end of 2020[14] - The cash inflow from operating activities was ¥219,421,029.85, compared to ¥289,679,283.54 in Q1 2020, showing a decrease of 24.2%[34] - The ending cash and cash equivalents balance was 107,222,375.37 RMB, down from 347,985,428.89 RMB, indicating a 69.1% decline[38] Research and Development - The company’s R&D investment accounted for 3.19% of operating revenue, a decrease of 0.22 percentage points[6] - Research and development expenses surged to ¥19,411,841.34, up 104.28% from ¥9,502,603.67, indicating a strong commitment to innovation[17] - The company reported a significant increase in research and development expenses, totaling ¥19,411,841.34, up 104.8% from ¥9,502,603.67 in Q1 2020[28] Sales and Revenue Composition - Sales revenue from high-end equipment components was CNY 370,955,224.46, making up 61.75% of total operating revenue[6] - The sales revenue from new energy wind power components reached CNY 354,182,382.61, accounting for 58.96% of operating revenue[6] Shareholder Information - The company has no preferred shareholders as of the reporting date[14] - The top ten unrestricted shareholders hold a total of 36,000,000 shares, with Xu Hui being the largest shareholder at 8,500,000 shares[13] Government Subsidies - The company received government subsidies totaling ¥11,008,432.56, a significant increase of 406.42% compared to ¥2,173,777.16 in the previous year, enhancing overall profitability[17]