Polyrocks(SH:688669)2021-04-27 16:00Financial Performance - Operating revenue rose by 78.62% to CNY 570,882,563.44 compared to the same period last year[5] - Net profit attributable to shareholders decreased by 8.8% to CNY 26,293,062.06 compared to the same period last year[5] - Basic earnings per share decreased by 12.20% to CNY 0.36 compared to the same period last year[7] - The company reported a net profit margin improvement, with retained earnings increasing to ¥435,476,421.53 from ¥409,183,359.47, a rise of approximately 6.4%[22] - Net profit for Q1 2021 was ¥32,478,120.46, a decrease of 8.4% from ¥35,390,970.77 in Q1 2020[29] - The net profit attributable to shareholders of the parent company was ¥26,293,062.06, down from ¥28,830,471.86 in the same period last year[30] - Earnings per share for Q1 2021 were ¥0.36, compared to ¥0.41 in Q1 2020[30] Assets and Liabilities - Total assets increased by 50.62% to CNY 2,528,915,340.79 compared to the end of the previous year[5] - Current assets rose to ¥1,945,473,564.93, compared to ¥1,160,003,212.97, marking an increase of about 67.5%[20] - Total liabilities reached ¥970,590,565.79, up from ¥933,257,488.49, indicating a growth of approximately 4.8%[21] - Total current assets reached CNY 1,160,003,212.97 as of Q1 2021, reflecting a significant asset base[45] - Total liabilities increased to CNY 955,084,083.74, with current liabilities accounting for CNY 834,917,961.91[46] Shareholder Information - Net assets attributable to shareholders increased by 123.41% to CNY 1,459,136,372.32 compared to the end of the previous year[5] - The total number of shareholders reached 9,402 by the end of the reporting period[11] - The top ten shareholders held a total of 39.43% of the shares, with the largest shareholder holding 36,800,000 shares[11] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 95,527,522.36, a decrease of 2,245.74% compared to the same period last year[5] - Cash received from sales of goods and services increased by 59.62% year-on-year, attributed to revenue growth and improved customer collections[16] - Cash inflows from operating activities amounted to ¥423,421,914.82, up from ¥272,991,803.34 in the same period last year, representing an increase of about 55.2%[38] - The net cash flow from operating activities was negative at -¥95,527,522.36, a significant decline from a positive ¥4,451,967.87 in Q1 2020[38] - The company experienced a substantial increase in cash inflows from financing activities, totaling ¥936,097,933.16, compared to ¥87,938,719.45 in Q1 2020, marking an increase of approximately 964.5%[39] Research and Development - Research and development expenses accounted for 3.43% of operating revenue, a decrease of 0.07 percentage points[7] - Research and development expenses increased by 75% year-on-year, reflecting the company's intensified R&D efforts[16] - Research and development expenses increased to ¥19,554,786.86 in Q1 2021, up from ¥11,174,174.42 in Q1 2020, reflecting a focus on innovation[29] Operational Costs - Operating costs rose by 92.79% year-on-year, corresponding to the increase in operating revenue and rising raw material prices[16] - Total operating costs for Q1 2021 were ¥534,039,809.31, up 93.1% from ¥276,895,037.13 in Q1 2020[28] Future Plans - The company plans to expand its market presence and invest in new product development to drive future growth[20] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[29] - The company's management indicated a focus on expanding market presence and enhancing product development strategies in future quarters[35]