Damon(SH:688360)2021-04-29 16:00Financial Performance - Operating revenue surged by 118.52% to CNY 197,992,942.62 year-on-year[6] - Net profit attributable to shareholders reached CNY 293,290.63, a significant recovery from a loss of CNY 1,777,491.26 in the same period last year[6] - Basic and diluted earnings per share remained at CNY 0.00, compared to CNY -0.03 in the previous year[6] - Total operating revenue for Q1 2021 reached ¥197,992,942.62, a significant increase of 118.4% compared to ¥90,607,653.49 in Q1 2020[28] - Net profit for Q1 2021 was ¥293,290.63, a turnaround from a net loss of ¥1,777,491.26 in Q1 2020[29] - The company reported a total comprehensive income of ¥274,589.55 in Q1 2021, compared to a loss of ¥2,223,596.29 in Q1 2020[29] - The total comprehensive income for the period was -10,373,597.28 RMB, compared to -5,714,966.35 RMB in Q1 2020, indicating a decline in overall profitability[32] Assets and Liabilities - Total assets increased by 14.40% to CNY 1,837,247,126.55 compared to the end of the previous year[6] - Current assets totaled ¥1,612,286,218.28, up from ¥1,437,199,627.62, indicating a rise of about 12.2%[20] - Total liabilities reached ¥947,700,738.77, compared to ¥716,752,646.20, marking an increase of approximately 32.2%[22] - Total liabilities as of Q1 2021 amounted to ¥711,696,488.82, an increase of 39.8% from ¥508,819,090.79 in Q1 2020[28] - The company's total equity decreased to ¥856,440,334.80 in Q1 2021 from ¥866,813,932.08 in Q1 2020, reflecting a decline of 1.6%[28] Cash Flow - The net cash flow from operating activities was negative at CNY -44,188,854.09, an improvement from CNY -46,673,929.54 in the previous year[6] - The company's operating cash flow for Q1 2021 was -44,188,854.09 RMB, compared to -46,673,929.54 RMB in Q1 2020, showing a slight improvement[35] - Total cash inflow from operating activities was 296,653,916.46 RMB, up from 143,850,423.29 RMB in the same period last year[35] - The company reported a net cash outflow from investing activities of -57,029,983.55 RMB, compared to -3,014,373.31 RMB in Q1 2020, indicating increased investment expenditures[36] - The net cash flow from financing activities was 30,840,381.70 RMB in Q1 2021, a significant increase from 333,336.01 RMB in the same quarter last year[36] Shareholder Information - The total number of shareholders reached 6,184 by the end of the reporting period[12] - The top shareholder, Huzhou Dema Investment Consulting Co., Ltd., holds 40.04% of the shares[12] Research and Development - Research and development expenses accounted for 7.82% of operating revenue, down from 11.27%[8] - Research and development expenses increased by 51.68% to RMB 15,489,206.33 from RMB 10,211,533.08, indicating a focus on enhancing R&D investment[16] - Research and development expenses increased to ¥15,489,206.33 in Q1 2021, up 51.7% from ¥10,211,533.08 in Q1 2020[28] Inventory and Receivables - Inventory levels increased by 38.20% to RMB 727,826,558.18 from RMB 526,643,982.08, due to the implementation of unrecognized revenue projects[15] - Accounts receivable financing rose to RMB 15,582,562.02, a 90.19% increase from RMB 8,193,083.54, attributed to higher bank acceptance bills[15] - Contract assets grew by 32.41% to RMB 110,368,362.34 from RMB 83,352,531.06, reflecting an increase in amounts not yet meeting revenue recognition criteria[15] - Accounts receivable decreased slightly to ¥154,991,105.39 from ¥156,331,070.40, a decline of about 0.9%[20] Other Financial Metrics - The weighted average return on net assets improved by 0.52 percentage points to 0.03%[6] - The company reported a total of CNY 2,000,379.13 in non-recurring gains and losses for the period[9] - The company experienced a credit impairment loss of ¥7,416,491.84 in Q1 2021, compared to ¥4,272,282.83 in Q1 2020, indicating increased credit risk[28] - The company received tax refunds of 9,989,514.69 RMB in Q1 2021, significantly higher than 1,432,170.81 RMB in Q1 2020, showing improved cash flow from tax activities[35] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies, although specific figures were not provided in the report[32]