TINAVI(SH:688277)2021-04-27 16:00Financial Performance - Operating revenue for the first quarter was CNY 22,523,377.19, representing a 4.14% increase year-on-year[5] - Net profit attributable to shareholders was CNY -24,462,266.30, showing a significant increase in losses compared to CNY -13,468,831.25 in the same period last year[5] - The company reported a net loss of CNY -136,646,152.90, compared to a loss of CNY -117,172,394.60 in the previous period[34] - Net profit loss for the first quarter was RMB 25,042,478.69, widening the loss by RMB 1,106,91 compared to the same period last year[27] - Total operating revenue for Q1 2021 was ¥22,523,377.19, an increase of 4.15% compared to ¥21,628,802.33 in Q1 2020[40] - Net loss for Q1 2021 was ¥25,042,478.69, compared to a net loss of ¥13,973,333.53 in Q1 2020, representing an increase in loss of 79.00%[41] - Comprehensive loss for Q1 2021 totaled ¥31,356,753.58, compared to a comprehensive loss of ¥18,397,477.63 in Q1 2020[42] - Total comprehensive income attributable to shareholders of the parent company was -¥28,250,831.23 in Q1 2021, compared to -¥17,892,975.35 in Q1 2020[42] Research and Development - Research and development expenses accounted for 109.36% of operating revenue, an increase of 43.02 percentage points from the previous year[5] - R&D expenses grew by 71.68% to RMB 24,632,032.55, driven by an increase in R&D personnel[21] - Research and development expenses rose to ¥24,632,032.55 in Q1 2021, a significant increase of 72.00% from ¥14,347,946.75 in Q1 2020[40] Cash Flow - The company reported a net cash flow from operating activities of CNY -10,322,097.52, an improvement from CNY -59,753,722.13 in the previous year[5] - The net cash flow from operating activities increased by RMB 49,431,600, attributed to higher cash receipts from sales and increased government subsidies[28] - The net cash flow from operating activities for Q1 2021 was -40,581,659.77 RMB, compared to -52,590,482.40 RMB in Q1 2020, showing an improvement of approximately 23%[48] - Total cash inflow from investment activities was 231,791,780.83 RMB, while cash outflow was 28,346,644.00 RMB, resulting in a net cash flow of 203,445,136.83 RMB, compared to -73,816,008.95 RMB in the previous year[49] Assets and Liabilities - Total assets increased by 6.52% to CNY 1,192,259,662.30 compared to the end of the previous year[5] - Total liabilities reached CNY 186,820,747.06, up from CNY 92,729,036.15, marking an increase of around 101%[34] - Current liabilities rose to CNY 88,103,321.07 from CNY 80,568,899.38, reflecting an increase of approximately 18.9%[34] - Non-current assets totaled CNY 402,957,729.56, compared to CNY 324,959,236.37, indicating a significant increase of about 24%[33] - Total assets amounted to CNY 1,119,280,166.10, a decrease of CNY 29,905,754.90 compared to the previous period[51] - Current assets totaled CNY 794,320,929.73, reflecting a decrease of CNY 643,337.76 from the prior period[51] - Total non-current assets amounted to approximately $405.61 million, with long-term equity investments at $266.96 million and other equity investments at $82.84 million[56] Shareholder Information - The total number of shareholders at the end of the reporting period was 10,198[10] - The largest shareholder, Zhang Songgen, held 18.08% of the shares, totaling 75,664,000 shares[10] - The company’s total liabilities and equity amounted to CNY 1,192,259,662.30, consistent with total assets, reflecting a balanced financial position[34] Other Financial Metrics - Basic and diluted earnings per share were both CNY -0.06, compared to CNY -0.04 in the previous year[5] - The weighted average return on equity was -2.48%, slightly lower than -2.31% in the same period last year[5] - The company recorded non-recurring gains of CNY 4,728,186.18 during the reporting period[9] - Deferred income surged by 709.77% to RMB 33,598,233.33, mainly due to government grants received that have not yet met the conditions for recognition[20]