OTIC(SZ:000962)2021-04-26 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥203,349,678.01, representing a 111.31% increase compared to ¥96,233,962.82 in the same period last year[8] - The net profit attributable to shareholders for Q1 2021 was ¥15,630,769.09, a significant increase of 397.43% from a loss of ¥5,255,252.27 in the previous year[8] - The basic earnings per share for Q1 2021 was ¥0.0355, compared to a loss of ¥0.0119 per share in the same period last year, marking a 398.32% improvement[8] - The total comprehensive income for Q1 2021 was CNY 15,904,630.19, compared to a loss of CNY 5,177,975.60 in Q1 2020, indicating overall financial improvement[39] - The net profit for Q1 2021 was CNY 15,816,959.02, compared to a net loss of CNY 5,298,751.42 in Q1 2020, indicating a turnaround in profitability[39] Cash Flow - The net cash flow from operating activities for Q1 2021 was ¥42,711,587.33, up 111.03% from ¥20,239,298.33 in the previous year[8] - Operating cash inflow was CNY 140,197,814.97, slightly up from CNY 135,267,422.93 in the same period last year, reflecting stable cash flow management[43] - Total cash inflow from operating activities was CNY 129,756,880.92, compared to CNY 123,399,989.30 in the same period last year, showing a slight increase of 5.1%[47] - Cash outflow from operating activities totaled CNY 93,941,330.66, down from CNY 100,872,072.56, indicating a decrease of 6.5%[47] - The net increase in cash and cash equivalents was CNY 21,399,574.58, compared to a decrease of CNY 41,727,724.01 in the previous year[45] Assets and Liabilities - Total assets at the end of Q1 2021 were ¥1,576,033,496.31, reflecting a 3.39% increase from ¥1,524,364,598.75 at the end of the previous year[8] - The total liabilities increased to CNY 340,838,127.31 from CNY 304,661,547.30, marking an increase of approximately 11.9%[31] - The company's total equity as of March 31, 2021, was CNY 1,235,195,369.00, compared to CNY 1,219,703,051.45 at the end of 2020, reflecting an increase of approximately 1.3%[32] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 33,857[10] - The largest shareholder, Dongfang Group Co., Ltd., held 45.80% of the shares, amounting to 201,916,800 shares, with 20,000,000 shares pledged[10] Operating Costs and Expenses - Operating costs increased by 76.18% to ¥159,092,956.97, correlating with the rise in operating revenue[16] - Research and development expenses skyrocketed by 711.81% to ¥2,396,066.84, indicating a significant increase in R&D investment[16] - The company incurred financial expenses of CNY 3,105,002.54, an increase from CNY 2,456,229.80, primarily due to higher interest expenses[40] Taxation - The company reported a 34.86% decrease in taxes payable, amounting to ¥2,106,964.00, due to reduced urban construction tax and its surcharges[16] - The company received a 77.31% increase in tax refunds, totaling ¥7,447,485.85, due to higher export tax rebates[17] - Tax expenses for the quarter were CNY 32,997.27, indicating a minimal tax burden compared to the previous year's losses[39] Government Support - The company received government subsidies amounting to ¥1,246,310.48 during the reporting period[9] Investment Income - Investment income grew by 123.14% to ¥9,597,501.77, influenced by adjustments in equity method accounting for affiliated companies[16] - Investment income increased to CNY 9,597,501.77 from CNY 4,301,066.95 year-over-year, showcasing successful investments in joint ventures[40] Inventory and Receivables - Accounts receivable rose significantly by 117.50% to ¥168,918,917.39, driven by increased operating revenue[16] - The company's inventory decreased to CNY 256,200,978.26 from CNY 287,644,981.32, a decline of about 10.9%[32]