TKRT(SH:688569)2021-04-26 16:00Financial Performance - Operating revenue for the period was CNY 131,638,313.94, representing a year-on-year increase of 0.70%[6] - Net profit attributable to shareholders was CNY 5,428,164.28, an increase of 79.88% compared to the same period last year[6] - Basic earnings per share increased by 35.08% to CNY 0.0258 from CNY 0.0191 in the previous year[6] - The company reported non-recurring gains of CNY 1,701,166.64 for the period[10] - The company's net profit for Q1 2021 was CNY 14,071,676.08, down from CNY 15,847,688.64 in Q1 2020, showing a decline of about 11.2%[23] - The company's total profit for Q1 2021 was CNY 13,872,676.08, compared to CNY 15,844,230.14 in Q1 2020, reflecting a decrease of 12.4%[24] - The net profit for Q1 2021 was CNY 11,636,706.49, down from CNY 13,052,214.06 in Q1 2020, representing a decrease of 10.9%[24] - The net profit attributable to shareholders of the parent company for Q1 2021 was CNY 5,428,164.28, an increase from CNY 3,017,620.50 in Q1 2020, representing a growth of 80.3%[24] Cash Flow - The net cash flow from operating activities was negative CNY 46,860,219.50, a decrease of 185.99% year-on-year[6] - Cash flow from operating activities turned negative at -¥46,860,219.50, a decrease of 185.99% compared to the previous year, driven by increased procurement expenditures and reduced sales collections[16] - The company reported a cash inflow from operating activities of CNY 151,383,218.53 in Q1 2021, down from CNY 205,555,499.61 in Q1 2020, a decrease of 26.3%[28] - The net cash flow from operating activities for Q1 2021 was -24,713,511.20 RMB, contrasting with a positive cash flow of 45,070,020.07 RMB in Q1 2020[31] - Total cash inflow from investment activities was 201,411,506.85 RMB, while cash outflow was 221,121,105.13 RMB, resulting in a net cash flow from investment activities of -19,709,598.28 RMB[29] - The total cash outflow from financing activities was 81,005,437.50 RMB, leading to a net cash flow from financing activities of -81,005,437.50 RMB[30] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,947,524,077.30, a decrease of 0.42% compared to the end of the previous year[6] - Total assets decreased to ¥2,947,524,077.30 from ¥2,959,931,728.52, reflecting a slight decline in overall asset value[18] - The company’s cash and cash equivalents decreased to ¥993,946,236.75 from ¥1,064,794,956.26, indicating a reduction in liquidity[17] - Total liabilities decreased to CNY 383,210,815.30 in Q1 2021 from CNY 411,109,623.33 in Q1 2020, reflecting a reduction of approximately 6.8%[22] - The company’s total liabilities and equity amounted to CNY 2,959,931,728.52, matching the total assets[36] - The total liabilities and equity amounted to approximately ¥2,420 million, a decrease from ¥2,422 million, indicating a reduction of ¥2,582,062.80[41] Research and Development - Research and development expenses accounted for 14.08% of operating revenue, an increase of 7.49 percentage points compared to the previous year[8] - Research and development expenses surged by 115.19% to ¥18,538,701.07, reflecting higher direct investment and labor costs in R&D[15] - Research and development expenses surged to CNY 18,538,701.07 in Q1 2021, compared to CNY 8,614,940.72 in Q1 2020, indicating an increase of approximately 115.5%[23] - Research and development expenses in Q1 2021 were CNY 16,110,489.90, significantly higher than CNY 6,986,015.66 in Q1 2020, marking an increase of 130.0%[26] Shareholder Information - The total number of shareholders at the end of the reporting period was 15,062[11] - The top shareholder, China Railway Science Research Institute Group Co., Ltd., held 55,300,000 shares, accounting for 26.25% of total shares[11] Other Financial Metrics - The weighted average return on net assets decreased by 0.06 percentage points to 0.25%[6] - The company recorded a credit impairment loss of CNY 7,813,358.99 in Q1 2021, compared to a gain of CNY 3,908,400.89 in Q1 2020, indicating a significant shift in financial performance[23] - The company experienced a credit impairment loss of CNY 9,276,306.80 in Q1 2021, compared to a gain of -3,254,979.13 in Q1 2020[26] - The company reported a significant increase in investment income, rising to ¥1,490,256.85, a 1,923.77% increase due to new structured deposits[15]