Succeeder(SH:688338)2021-07-30 16:00Financial Performance - Net profit attributable to shareholders was ¥19,451,138.70, representing a significant increase of 451.46% year-on-year[6] - Operating revenue for the period was ¥50,843,046.14, marking a growth of 58.45% compared to the same period last year[6] - Basic earnings per share increased to ¥0.24, up 300% from ¥0.06 in the same period last year[6] - The weighted average return on equity rose to 1.42%, an increase of 0.48 percentage points compared to the previous year[6] - The company reported a net profit of ¥22,664,010.85 for Q1 2021, compared to a net profit of ¥7,796,297.11 in Q1 2020, marking a growth of 190.5%[34] - The total profit for Q1 2021 was ¥22,937,450.63, significantly higher than ¥3,943,656.35 in Q1 2020[36] - The net profit attributable to shareholders after deducting non-recurring gains and losses rose by 196.98% to ¥19,344,242.74 from ¥6,513,612.94[20] Cash Flow - The net cash flow from operating activities was ¥6,453,318.56, a recovery from a negative cash flow of ¥10,916,233.02 in the previous year[6] - Net cash flow from operating activities improved by ¥17,369,551.58, resulting in a positive cash flow of ¥6,453,318.56 compared to a negative cash flow of -¥10,916,233.02 in the previous year[19] - The cash received from sales and services in Q1 2021 was ¥59,298,647.28, compared to ¥36,684,528.22 in Q1 2020, marking a 62% increase[40] - The company reported a net cash flow from operating activities of ¥6,475,152.93, compared to a negative cash flow of ¥10,917,731.64 in the same period last year[43] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,420,928,668.29, an increase of 1.39% compared to the end of the previous year[6] - Total liabilities stood at ¥94,285,057.85, showing a marginal increase from ¥94,243,107.00 at the end of 2020[30] - The company's equity attributable to shareholders reached ¥1,376,398,663.61, up from ¥1,356,672,782.50 at the end of 2020, representing a growth of 1.9%[31] - The total non-current liabilities amounted to ¥5,007,911.16, a significant increase from ¥1,569,678.66 at the end of 2020[30] - The company reported a total liability of CNY 45,312,936.30, with a total equity of CNY 1,356,152,023.97 as of the end of Q1 2021[47] Research and Development - R&D expenses grew by 38.71% to ¥4,124,300.79, attributed to higher personnel costs and product registration fees[17] - Research and development expenses for Q1 2021 were ¥4,124,300.79, an increase of 38.5% from ¥2,973,329.57 in Q1 2020[34] Shareholder Information - The total number of shareholders at the end of the reporting period was 8,753[11] - The largest shareholder, Wu Shiming, holds 34.66% of the shares, totaling 28,298,431 shares[11] Financial Strategy and Accounting Changes - The company implemented revised accounting standards for leases, resulting in the recognition of right-of-use assets and lease liabilities[14] - The company has implemented new leasing standards starting from 2021, affecting the financial statements[44] - The company has opted for a simplified approach in implementing the new lease standards, without retrospective adjustments to prior periods[52]