FREEWON(SH:688678)2021-04-26 16:00Financial Performance - Operating revenue rose by 95.55% to CNY 156,602,700.28 year-on-year[5] - Net profit attributable to shareholders increased by 31.04% to CNY 23,585,644.22 compared to the same period last year[5] - Basic and diluted earnings per share increased by 7.14% to CNY 0.15[5] - The total operating revenue for Q1 2021 was ¥156,602,700.28, representing an increase of 95.5% compared to ¥80,082,962.91 in Q1 2020[24] - The net profit for Q1 2021 reached ¥25,949,045.52, a 43.1% increase from ¥18,145,926.57 in Q1 2020[25] - The net profit for Q1 2021 was CNY 23,268,159.78, an increase from CNY 18,498,494.34 in Q1 2020, representing a growth of approximately 25.2%[30] - Operating profit for Q1 2021 reached CNY 24,898,136.40, compared to CNY 20,958,996.88 in the same period last year, indicating a year-over-year increase of about 18.5%[30] - The total comprehensive income for Q1 2021 was CNY 23,268,159.78, up from CNY 18,498,494.34 in Q1 2020, reflecting a growth of approximately 25.2%[30] Assets and Liabilities - Total assets increased by 1.06% to CNY 1,736,441,124.40 compared to the end of the previous year[5] - Current assets totaled RMB 1,071,732,797.46, down from RMB 1,107,885,255.61 at the end of 2020, indicating a decrease of about 3.3%[17] - Total liabilities decreased to RMB 382,822,677.82 from RMB 390,480,583.66, a reduction of about 2.0%[18] - Non-current assets totaled RMB 664,708,326.94, up from RMB 610,264,729.11, indicating an increase of about 8.9%[17] - The total liabilities as of the end of Q1 2021 were ¥349,648,686.07, a decrease from ¥366,515,078.01 at the end of Q1 2020[22] - The total equity increased to ¥1,334,712,514.47 in Q1 2021, compared to ¥1,311,444,354.69 in Q1 2020[22] Cash Flow - Cash flow from operating activities decreased by 25.53% to CNY 26,154,978.55 compared to the previous year[5] - The company reported a net cash flow from operating activities of ¥26.15 million, a decrease of 25.53% from ¥35.12 million in the previous period[12] - Cash flow from operating activities generated a net amount of CNY 26,154,978.55, down from CNY 35,120,043.71 in Q1 2020, reflecting a decrease of approximately 25.5%[34] - The company incurred a cash outflow of CNY 100,779,520.66 for investment activities in Q1 2021, significantly higher than CNY 26,384,730.88 in the same period last year[35] - Cash inflow from financing activities was CNY 7,990,000 in Q1 2021, a decrease from CNY 55,000,000 in Q1 2020, indicating a decline of approximately 85.5%[35] Research and Development - R&D investment as a percentage of operating revenue increased by 1.92 percentage points to 10.90%[5] - Research and development expenses rose by 137.36% to ¥17.07 million, driven by talent acquisition and investment in materials and equipment[11] - Research and development expenses for Q1 2021 totaled ¥17,066,762.06, which is a 136.5% increase from ¥7,190,213.98 in Q1 2020[24] Shareholder Information - The total number of shareholders reached 11,553 at the end of the reporting period[8] - The largest shareholder, WINWIN OVERSEAS GROUP LIMITED, holds 48.10% of the shares[9] Government Subsidies and Other Income - The company received government subsidies amounting to CNY 2,011,779.00 related to its normal business operations[6] - Other income surged by 524.10% to ¥1.96 million, primarily from government subsidies[12]