KBC(SH:688598)2021-04-27 16:00Financial Performance - Operating revenue for the period was ¥199,392,436.78, representing a significant increase of 117.88% year-on-year[11]. - Net profit attributable to shareholders was ¥77,205,028.76, an increase of 86.86% compared to the same period last year[11]. - Basic earnings per share increased to ¥0.97, up 40.58% from ¥0.69 in the same period last year[11]. - The company reported a significant increase in retained earnings, rising to ¥315,517,928.73 from ¥238,312,899.97, a growth of about 32.4%[36]. - Total operating revenue for Q1 2021 reached ¥199,392,436.78, a significant increase of 117.7% compared to ¥91,514,929.02 in Q1 2020[46]. - Net profit for Q1 2021 was ¥77,205,028.76, representing a 86.8% increase from ¥41,318,073.74 in Q1 2020[48]. - The total profit for Q1 2021 was CNY 89,655,349.44, compared to CNY 48,609,498.52 in Q1 2020, reflecting an increase of approximately 84.5%[55]. Cash Flow - The net cash flow from operating activities was -¥30,476,104.77, a decrease of 213.40% compared to the previous year[11]. - Operating cash flow turned negative at RMB -30,476,104.77 compared to RMB 26,874,758.44, mainly due to increased cash payments for goods and services[28]. - Cash inflow from operating activities totaled CNY 131,144,678.57 in Q1 2021, compared to CNY 75,440,575.56 in Q1 2020, indicating a year-over-year increase of approximately 73.8%[59]. - Cash outflow from operating activities totaled $161,348,324.92, compared to $48,565,817.12 in the previous year, indicating a significant increase[63]. - The net cash flow from operating activities was -$30,203,835.63, a decline from $26,874,758.44 year-over-year[63]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,530,099,455.47, an increase of 3.05% compared to the end of the previous year[11]. - Total current assets decreased to RMB 1,046,682,407.27 from RMB 1,094,812,289.63[31]. - Non-current assets, particularly construction in progress, increased by 39.02% to RMB 101,758,756.78 from RMB 73,199,661.12, due to infrastructure and equipment investments[25]. - Total liabilities decreased to ¥154,984,672.94 from ¥192,183,062.84, indicating a decline of about 19.3%[36]. - Current liabilities decreased to ¥121,160,465.79 from ¥159,000,077.89, a reduction of approximately 23.7%[34]. Shareholder Information - The total number of shareholders at the end of the reporting period was 5,372[20]. - The top shareholder, 廖寄乔, held 10,628,950 shares, representing 13.29% of the total shares[20]. Research and Development - Research and development expenses accounted for 6.10% of operating revenue, a decrease of 2.66 percentage points compared to the previous year[11]. - Research and development expenses increased by 51.85% to RMB 12,168,533.62 from RMB 8,013,502.22, reflecting new R&D projects[28]. - Research and development expenses in Q1 2021 totaled ¥12,168,533.62, an increase of 52.0% from ¥8,013,502.22 in Q1 2020[46]. Inventory and Receivables - Accounts receivable rose by 46.21% to RMB 142,591,250.97 from RMB 97,527,464.46, driven by increased operating revenue[25]. - Inventory increased by 100.26% to RMB 94,741,565.37 from RMB 47,308,792.49, attributed to expanded production capacity[25]. - Deferred income tax assets rose to ¥8,065,364.95 from ¥6,741,886.90, an increase of approximately 19.6%[40].