TINAVI(SH:688277)2021-05-24 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 decline 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] - The net loss for the first quarter was ¥25,042,478.69, widening the loss compared to the same period last year[27] - Basic and diluted earnings per share were both CNY -0.06, compared to CNY -0.04 in the same period last year[5] - Comprehensive loss for Q1 2021 totaled ¥31,356,753.58, compared to a loss of ¥18,397,477.63 in Q1 2020[42] - Operating profit for Q1 2021 was a loss of ¥28,253,033.96, compared to a loss of ¥15,351,539.12 in Q1 2020, indicating a worsening operational performance[41] 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 ¥24,632,032.55 from ¥14,347,946.75, driven by an increase in R&D personnel[21] - Research and development expenses in Q1 2021 were ¥24,632,032.55, a significant increase of 72.06% from ¥14,347,946.75 in Q1 2020[40] Cash Flow and Liquidity - 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 was -40,581,659.77 RMB, compared to -52,590,482.40 RMB in the same quarter last year, showing an improvement[48] - Cash inflow from investment activities totaled 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[49] - The cash flow from investment activities showed a significant recovery, with a net cash flow of 203,445,136.83 RMB compared to a negative cash flow of -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] - Non-current assets totaled CNY 402,957,729.56, compared to CNY 324,959,236.37, indicating a significant increase of about 24%[34] - Total liabilities reached CNY 186,820,747.06, up from CNY 92,729,036.15, marking an increase of around 101.5%[34] - Current liabilities rose to CNY 88,103,321.07 from CNY 80,568,899.38, reflecting an increase of approximately 18.9%[34] - Total non-current liabilities increased to CNY 98,717,425.99 from CNY 12,160,136.77, reflecting a substantial rise of approximately 711%[34] Shareholder Information - The total number of shareholders at the end of the reporting period was 10,198[10] - The largest shareholder, Zhang Songgen, held 75,664,000 shares, representing 18.08% of the total shares[10] Government Subsidies - The company received government subsidies amounting to CNY 5,627,538.77, which are closely related to its normal business operations[8] - Deferred income increased by 709.77% to ¥33,598,233.33, primarily due to government subsidies received that have not yet met the conditions for recognition[20] Other Financial Metrics - Cash and cash equivalents increased by 47.40% to ¥690,435,358.03 from ¥468,402,017.87[14] - Trade financial assets decreased by 91.38% to ¥21,754,503.29 from ¥252,250,859.45, primarily due to the maturity of bank wealth management products[15] - Other receivables increased by 53.78% to ¥9,451,940.66 from ¥6,146,355.84, mainly due to an increase in rental security deposits[16] - Accounts payable surged by 112.26% to ¥10,002,276.01, reflecting an increase in payable goods and research collaboration fees[17]