Thinkon Semi(SH:688233)2021-04-21 16:00Financial Performance - Net profit attributable to shareholders rose by 1,752.66% to CNY 39,395,765.83 year-on-year[6] - Operating revenue surged by 389.11% to CNY 84,091,208.63 compared to the same period last year[6] - Basic earnings per share reached CNY 0.25, up from CNY 0.02 in the previous year[8] - Operating profit for Q1 2021 was ¥43,851,520.17, up from ¥2,937,030.82 in Q1 2020, reflecting a growth of 1498.5%[25] - Net profit for Q1 2021 was ¥39,395,765.83, compared to ¥2,126,447.07 in Q1 2020, marking an increase of 1745.5%[25] - The net profit for Q1 2021 was CNY 40,245,967.10, a significant increase from CNY 3,103,045.04 in Q1 2020, representing a growth of approximately 1,200%[28] - Operating profit for Q1 2021 reached CNY 44,886,745.26, compared to CNY 3,946,038.18 in the same period last year, indicating a substantial increase[28] Assets and Liabilities - Total assets increased by 3.71% to CNY 1,398,620,108.84 compared to the end of the previous year[6] - Current assets totaled ¥990,280,199.68, up from ¥955,468,651.94 at the end of 2020, indicating an increase of about 3.6%[18] - Total liabilities reached ¥147,448,367.33, up from ¥136,721,124.53, which is an increase of about 7.3%[19] - Total assets as of Q1 2021 were ¥1,404,664,286.87, up from ¥1,349,426,814.97 in Q1 2020, representing an increase of 4.1%[22] - Total liabilities for Q1 2021 were ¥141,869,137.89, compared to ¥126,877,633.09 in Q1 2020, reflecting an increase of 11.8%[22] Cash Flow - Net cash flow from operating activities increased significantly by 1,469.16% to CNY 16,665,523.37[6] - The company reported a net cash flow from operating activities of RMB 16,665,523.37, a 1,469.16% increase from RMB 1,062,063.67 in the previous year[15] - Cash flow from operating activities generated a net amount of CNY 16,665,523.37 in Q1 2021, up from CNY 1,062,063.67 in Q1 2020, reflecting a year-over-year growth of over 1,470%[30] - The total cash outflow from operating activities was CNY 67,323,114.46 in Q1 2021, compared to CNY 20,544,382.71 in Q1 2020, reflecting an increase of approximately 227%[30] Research and Development - R&D expenditure accounted for 13.27% of operating revenue, an increase of 6.51 percentage points year-on-year[8] - Research and development expenses surged to RMB 11,158,008.72, up 859.49% from RMB 1,162,910.60, reflecting increased investment in silicon components and large-size silicon wafers[15] - Research and development expenses in Q1 2021 amounted to ¥11,158,008.72, a substantial rise from ¥1,162,910.60 in Q1 2020, indicating a growth of 861.5%[24] Shareholder Information - The total number of shareholders reached 10,504 at the end of the reporting period[11] - The largest shareholder, More Light Lighting Co., Ltd., holds 23.13% of the shares[11] - Shareholders' equity totaled ¥1,251,171,741.51, compared to ¥1,211,846,637.14 at the end of 2020, indicating an increase of approximately 3.2%[19] - Shareholders' equity reached ¥1,262,795,148.98 in Q1 2021, up from ¥1,222,549,181.88 in Q1 2020, indicating a growth of 3.3%[23] Market Outlook - The company plans to continue expanding its domestic and international markets to sustain growth in orders and shipments[14] - The company expects to maintain its growth trajectory in the upcoming quarters, supported by ongoing market recovery and strategic initiatives[16] Other Financial Metrics - The company reported a total of CNY 421,974.15 in non-recurring gains and losses during the period[10] - Investment income for the quarter was RMB 2,727,275.99, a significant turnaround from a loss of RMB 225,030.20 in the previous year[15] - The company reported a total operating cost of ¥43,083,312.76 in Q1 2021, which is an increase of 208.5% from ¥13,998,236.71 in Q1 2020[24] - Other income for Q1 2021 was ¥629,296.12, compared to ¥156,579.73 in Q1 2020, reflecting an increase of 301.5%[24]