OPT(688686)2021-04-22 16:00Financial Performance - Operating revenue reached CNY 178,265,618.78, representing a 128.07% increase year-on-year[11] - Net profit attributable to shareholders was CNY 62,440,580.64, up 251.55% from the same period last year[11] - Basic earnings per share increased by 163.7% to CNY 0.7571[11] - Revenue for the quarter reached ¥178,265,618.78, a 128.07% increase compared to ¥78,161,486.27 in the same period last year, driven by increased business volume and sales[26] - Net profit surged by 251.55% to ¥62,440,580.64 from ¥17,761,310.42, attributed to higher sales volume and revenue growth[26] - Operating profit for Q1 2021 was ¥68,934,193.82, up from ¥20,673,832.19 in Q1 2020, reflecting a growth of 233.5%[49] - Net profit for Q1 2021 was ¥62,440,580.64, compared to ¥17,761,310.42 in Q1 2020, representing an increase of 251.5%[49] - The total comprehensive income for Q1 2021 was RMB 64,192,946.89, compared to RMB 19,705,904.13 in Q1 2020, reflecting overall growth[56] Cash Flow - Cash flow from operating activities surged by 386.04% to CNY 45,476,808.70[11] - The company reported a net cash flow from operating activities of ¥45,476,808.70, a 386.04% increase from ¥9,356,556.26, due to improved collection of receivables[26] - The net cash flow from operating activities was RMB 45,476,808.70, compared to RMB 9,356,556.26 in Q1 2020, indicating a strong improvement[58] - Net cash flow from operating activities was -$255,169,743.45, compared to a positive cash flow of $4,265,206.87 previously, reflecting a decline in operational efficiency[63] Assets and Liabilities - Total assets increased by 4.15% to CNY 2,529,048,054.40 compared to the end of the previous year[11] - The total liabilities increased significantly, with accounts payable rising by 65.46% to ¥71,835,069.10 from ¥43,416,188.54, driven by increased sales[23] - Total liabilities amounted to ¥174,154,431.22, up from ¥136,249,396.11, indicating a growth of around 28%[37] - Current liabilities increased to ¥171,718,262.84 from ¥133,774,013.76, a rise of approximately 28.37%[37] - Total assets increased to ¥2,531,493,557.81 in Q1 2021 from ¥2,430,520,458.20 in Q1 2020, marking a growth of 4.2%[45] - Total liabilities rose to ¥171,448,542.14 in Q1 2021, up from ¥134,668,389.42 in Q1 2020, indicating a growth of 27.3%[45] Research and Development - R&D expenditure accounted for 17.15% of operating revenue, a decrease of 2.48 percentage points compared to the previous year[11] - Research and development expenses increased by 99.20% to ¥30,564,686.33 from ¥15,343,462.94, indicating a rise in investment in R&D activities[26] - Research and development expenses for Q1 2021 totaled ¥30,564,686.33, which is 99.5% higher than ¥15,343,462.94 in Q1 2020[47] - Research and development expenses increased to RMB 27,860,502.47, representing a 89.8% rise from RMB 14,688,116.79 in Q1 2020[53] Shareholder Information - The total number of shareholders at the end of the reporting period was 2,870[12] - The top shareholder, Lu Zhiling, held 24,570,000 shares, representing 29.79% of the total shares[18] - The company's equity attributable to shareholders reached ¥2,354,893,623.18, compared to ¥2,292,056,076.60, an increase of about 2.74%[37] - Shareholders' equity increased to ¥2,360,045,015.67 in Q1 2021, compared to ¥2,295,852,068.78 in Q1 2020, reflecting a growth of 2.8%[45] Investment Activities - The company reported an investment cash outflow of RMB 781,288,565.28, significantly higher than RMB 77,306,597.01 in Q1 2020, indicating aggressive investment strategies[60] - Total cash outflow from investment activities reached $871,604,578.40, a sharp increase from $77,306,597.01, indicating aggressive investment strategies[63] - Cash inflow from investment activities amounted to $122,259,694.91, up from $75,751,365.16, showing improved investment recovery[63] - Net cash flow from investment activities was -$749,344,883.49, compared to -$1,555,231.85 previously, suggesting a reduction in investment losses[63] Market and Future Outlook - The company has not disclosed any new product developments or market expansion strategies in this report[11] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[59]