Yanmade(SH:688312)2021-04-22 16:00Financial Performance - Operating revenue rose by 77.74% to CNY 69,454,011.34 year-on-year[5] - Net profit attributable to shareholders increased by 65.80% to CNY 24,984,433.45 compared to the same period last year[5] - The company reported a net profit of CNY 18,632,068.60, an increase of 33.79% year-on-year[5] - Total revenue for Q1 2021 reached ¥69,454,011.3, representing a significant increase compared to the previous year, driven by expanded overseas market presence and recovery from pandemic-related delays[13] - The company reported a total comprehensive income of ¥24,904,654.33 for Q1 2021, compared to ¥15,401,353.27 in Q1 2020, an increase of 61.5%[28] - Net profit for Q1 2021 was ¥24,655,605.94, representing a 64.5% increase from ¥15,018,653.54 in Q1 2020[27] - The net profit for Q1 2021 reached CNY 26,001,914.92, up 73.0% from CNY 15,027,965.46 in Q1 2020[30] Cash Flow and Liquidity - Cash flow from operating activities increased by 59.57% to CNY 85,225,423.40 year-on-year[5] - The company's cash and cash equivalents rose by 61.70% to ¥669,715,762.03, attributed to the maturity of financial products and increased bank deposits[13] - The cash flow from operating activities showed improvement, with a net increase in cash flow compared to the previous quarter, indicating positive operational efficiency[27] - The total cash and cash equivalents at the end of Q1 2021 were CNY 496,805,912.03, up from CNY 269,521,854.44 at the end of Q1 2020[35] - The company received CNY 6,711,546.21 in tax refunds, up from CNY 3,055,518.23 in Q1 2020, reflecting improved cash management[34] - The company's net cash increase for the period was CNY 260,659,188.04, compared to CNY 66,911,232.90 in the previous year, marking a significant improvement[37] Assets and Liabilities - Total assets increased by 3.79% to CNY 1,327,877,505.6 compared to the end of the previous year[5] - The total assets of the company reached approximately 1.33 billion, an increase from 1.28 billion, reflecting a growth of about 3.9%[21] - Total liabilities increased to approximately 86.79 million from 66.89 million, marking an increase of about 30%[20] - The total liabilities increased, with accounts payable rising by 101.33% to ¥23,428,183.59, driven by increased raw material purchases[13] - Total liabilities for Q1 2021 were ¥81,059,460.52, an increase from ¥64,983,114.24 in Q1 2020, marking a rise of 24.5%[24] - The company reported a total of CNY 1,249,939,061.02 in current assets, indicating stable liquidity[40] Research and Development - R&D expenditure as a percentage of operating revenue increased by 2.87 percentage points to 23.62%[7] - Research and development expenses surged by 102.36% to ¥16,404,417.9, indicating the company's commitment to increasing R&D investment and personnel[14] - R&D expenses increased to ¥16,404,417.98 in Q1 2021, up 102.5% from ¥8,106,504.57 in Q1 2020[27] - Research and development expenses increased to CNY 13,781,065.94, representing a 103.0% rise from CNY 6,774,088.29 in the same period last year[30] Shareholder Information - The total number of shareholders reached 9,293 by the end of the reporting period[9] - The largest shareholder, Liu Yan, holds 46.37% of the shares, totaling 66,528,000 shares[10] - Basic and diluted earnings per share increased by 21.43% to CNY 0.17[7] Strategic Initiatives - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[16] - The board approved the grant of reserved restricted stock to incentivize key personnel, reflecting the company's strategy to enhance employee motivation and retention[15]