Bestechnic (Shanghai) (SH:688608)2021-04-26 16:00Financial Performance - In Q1 2021, the company's operating revenue increased by CNY 161.21 million, a growth of 124.55% year-on-year[4] - The net profit attributable to shareholders in Q1 2021 was CNY 79.73 million, a significant increase of 4,751.05% compared to the same period last year[6] - The basic and diluted earnings per share for Q1 2021 were CNY 0.6644, up 3,588.29% year-on-year[6] - The company's operating revenue for Q1 2021 was RMB 290,638,507.47, representing a 124.55% increase compared to RMB 129,429,115.18 in Q1 2020[15] - The company reported a significant increase in contract liabilities, rising to ¥8,592,364.10 from ¥1,252,245.22, an increase of approximately 586.5%[21] - The company reported a comprehensive income total of ¥79,825,686.79 for Q1 2021, compared to a loss of ¥1,622,018.31 in Q1 2020[28] Research and Development - R&D expenses in Q1 2021 amounted to CNY 56.15 million, an increase of 30.63% year-on-year[4] - The company's research and development expenses for Q1 2021 were RMB 56,153,077.42, a 30.63% increase from RMB 42,985,250.12 in Q1 2020, reflecting growth in R&D personnel[15] - Research and development expenses increased to ¥56,153,077.42 in Q1 2021, compared to ¥42,985,250.12 in Q1 2020, marking a 30.5% rise[27] - R&D investment as a percentage of operating revenue was 19.32%, a decrease of 13.89 percentage points from 33.21% in the same period last year[6] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was CNY 26.00 million, a turnaround from a negative CNY 31.63 million in the same period last year, representing a 182.21% increase[6] - The net cash flow from operating activities for Q1 2021 was -31,627,563.35, a significant decline from RMB 26,000,359.82 in Q1 2020, indicating a 182.21% decrease[16] - Cash flow from operating activities generated CNY 26.00 million in Q1 2021, compared to a negative cash flow of CNY 31.63 million in Q1 2020[31] - The company reported cash inflows from investment activities of approximately CNY 1.68 billion in Q1 2021, a substantial increase from CNY 121.06 million in Q1 2020[32] - Total cash inflow from investment activities reached ¥1,676,991,972.62, compared to ¥121,056,000.00 in the same period last year[35] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5.84 billion, a 1.25% increase from the end of the previous year[5] - The company's total assets increased by 39.40% to RMB 3,128,848,547.95 as of March 31, 2021, up from RMB 2,244,462,333.34 at the end of 2020[13] - The company's total assets amounted to ¥5,782,946,001.90 in Q1 2021, compared to ¥5,707,704,681.94 in Q1 2020, indicating an increase of approximately 1.3%[27] - Total liabilities decreased to ¥258,110,406.05 from ¥268,536,156.51, a reduction of about 3.4%[22] - The total liabilities decreased to ¥216,727,984.04 in Q1 2021 from ¥222,776,236.83 in Q1 2020, a reduction of approximately 2.2%[27] Financial Ratios and Returns - The weighted average return on equity increased by 1.77 percentage points to 1.44% compared to the same period last year[6] - The company's equity attributable to shareholders increased to ¥5,578,334,954.51 from ¥5,495,786,326.56, a growth of about 1.5%[22] - Total equity increased to ¥5,566,218,017.86 in Q1 2021, up from ¥5,484,928,445.11 in Q1 2020, reflecting a growth of 1.5%[27] Financial Expenses - The company's financial expenses saw a dramatic increase of 353.09%, resulting in a net financial income of -RMB 11,534,606.41, compared to -RMB 2,545,781.89 in the previous year[15] - The company incurred financial expenses of CNY -12.65 million in Q1 2021, compared to CNY -3.31 million in Q1 2020, indicating an increase in financial costs[29] - The financial expenses for Q1 2021 showed a significant improvement, with a net financial income of ¥11,534,606.41 compared to a loss of ¥2,545,781.89 in Q1 2020[27]