RSIT(SH:688215)2021-04-22 16:00Financial Performance - Operating revenue for the period reached CNY 26,298,686.76, an increase of 168.82% year-on-year, primarily due to recovery from the pandemic's impact in the previous year[8] - Net profit attributable to shareholders was CNY 2,859,192.99, an increase of CNY 9,387,192.99 compared to a loss in the same period last year[8] - Total profit for Q1 2021 increased to CNY 3,452,075.57 from CNY 6,607,064.80 in the same period last year, primarily due to increased operating income[17] - The net profit for Q1 2021 was ¥3,002,800.51, a turnaround from a net loss of ¥6,579,438.69 in Q1 2020[30] - The net profit for Q1 2021 reached CNY 3,794,649.30, compared to a net loss of CNY 355,489.45 in the same period last year, marking a turnaround[32] Assets and Liabilities - Total assets at the end of the reporting period were CNY 511,586,825.69, a decrease of 2.44% compared to the end of the previous year[6] - Total current assets decreased to CNY 331,078,408.20 from CNY 403,842,165.83 as of December 31, 2020[20] - Total non-current assets increased to CNY 180,508,417.49 from CNY 120,547,012.32 year-on-year[21] - Total liabilities decreased to CNY 74,283,256.84 from CNY 90,088,409.79, indicating improved financial stability[22] - The total liabilities for Q1 2021 were ¥13,166,373.37, a decrease from ¥20,194,990.86 in Q1 2020, reflecting a reduction of approximately 34.7%[26] Cash Flow - The net cash flow from operating activities was CNY 2,086,080.93, a significant recovery from a negative cash flow in the previous year[6] - Cash flow from operating activities for Q1 2021 was CNY 2,086,080.93, a decrease from CNY 13,856,886.19 year-on-year, attributed to increased sales revenue and collection of receivables[17] - Cash flow from investing activities showed a significant increase to CNY 124,330,215.41 compared to CNY 615,278.00 in the previous year, mainly due to investments in financial products and project payments[17] - The company incurred total investment cash outflows of CNY 124,330,215.41 in Q1 2021, compared to CNY 615,278.00 in the same period last year[36] Shareholder Information - The total number of shareholders at the end of the reporting period was 3,623[12] - Shareholders' equity increased to CNY 437,303,568.85 from CNY 434,300,768.36, reflecting a positive trend in retained earnings[22] - The total equity attributable to shareholders increased to ¥369,026,501.59 in Q1 2021 from ¥365,231,852.29 in Q1 2020, showing a modest growth in shareholder value[26] Research and Development - Research and development expenses accounted for 14.65% of operating revenue, a decrease of 24.30 percentage points year-on-year[8] - The company maintained a stable R&D investment of CNY 3,851,600, consistent with the previous year despite the increase in revenue[8] - Research and development expenses for Q1 2021 were ¥3,851,572.39, slightly up from ¥3,810,043.06 in Q1 2020, indicating continued investment in innovation[28] Operational Efficiency - The company improved its accounts receivable management, resulting in an increased collection rate and reduced expected credit impairment losses[8] - The gross profit margin improved, with operating costs rising by 126.48% to RMB 15,290,446.17, driven by increased sales volume[16] - The company reported a significant increase in sales expenses, which rose by 53.73% to RMB 4,939,571.20, due to increased sales orders and personnel costs[16] - The company experienced a 60.64% increase in employee compensation expenses, totaling RMB 5,115,252.61, driven by higher production and collection rates[16] Changes in Financial Reporting - The company implemented new leasing standards, resulting in the recognition of lease liabilities and the establishment of right-of-use assets[15] - The company adopted the new leasing standard effective January 1, 2021, recognizing a right-of-use asset of $1,506,000 and a corresponding lease liability of $789,600[46]