KAN(002012)2021-04-20 16:00Financial Performance - The company's revenue for Q1 2021 was ¥515,870,546.90, representing a 93.99% increase compared to ¥265,932,808.70 in the same period last year[8] - Net profit for Q1 2021 reached ¥39,504,621.78, up 112.27% from ¥18,610,587.16 year-on-year[8] - The net profit attributable to shareholders was ¥25,237,225.01, a significant increase of 151.27% compared to ¥10,043,800.24 in the previous year[8] - The basic earnings per share rose to ¥0.05, reflecting a 150.00% increase from ¥0.02 in the same quarter last year[8] - Total operating revenue for Q1 2021 reached CNY 515,870,546.90, a significant increase from CNY 265,932,808.70 in the previous period[38] - The total profit for the period was CNY 48,645,547.42, which is a significant increase from CNY 22,865,508.37 in Q1 2020, marking a growth of 113.4%[41] - The total comprehensive income for the period was CNY 39,504,621.78, compared to CNY 18,610,587.16 in Q1 2020, reflecting a growth of 112.5%[41] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥2,291,215,432.50, a 2.38% increase from ¥2,237,911,595.60 at the end of the previous year[8] - The company's total assets increased to ¥2.29 billion, up from ¥2.24 billion, reflecting overall growth[30] - Total liabilities decreased to CNY 324,461,108.97 from CNY 347,740,966.57, reflecting improved financial health[36] - The total equity attributable to shareholders increased to CNY 1,147,497,990.42 from CNY 1,143,124,244.92, showing stability in ownership value[36] Cash Flow - The net cash flow from operating activities was ¥4,409,129.39, a significant recovery from a negative cash flow of ¥110,206,240.42 in the same period last year[8] - The cash inflow from operating activities totaled CNY 507,510,092.88, significantly higher than CNY 249,068,093.61 in Q1 2020, showing improved operational efficiency[48] - Operating cash flow for the first quarter was 16,088,209.61 CNY, a significant improvement compared to -53,841,647.63 CNY in the same period last year[51] - Cash flow from financing activities resulted in a net outflow of -42,168,385.12 CNY, a decrease from a net inflow of 84,113,670.70 CNY in the same quarter last year[52] Operating Costs and Expenses - Operating costs rose by 119.90% to ¥389.89 million, attributed to the increase in revenue[16] - The company reported a 114.83% increase in income tax expenses to ¥9.14 million, correlating with the rise in total profit[16] - The company incurred financial expenses of CNY 2,667,242.45, which increased from CNY 1,176,479.39 in the previous year, primarily due to higher interest expenses[43] Shareholder Information - The total number of shareholders at the end of the reporting period was 34,632[12] - The net assets attributable to shareholders increased by 1.84% to ¥1,394,929,867.82 from ¥1,369,692,642.82 at the end of the last year[8] Research and Development - Research and development expenses were CNY 28,832,224.63, up from CNY 22,369,029.72, indicating a focus on innovation[39] - Research and development expenses were CNY 14,846,341.41, slightly up from CNY 14,333,503.31 in Q1 2020, indicating continued investment in innovation[43] Investment Performance - The company reported a net investment loss of CNY 6,369,079.78, compared to a gain of CNY 648,389.97 in the previous period, highlighting challenges in investment performance[39] Inventory and Receivables - Accounts receivable rose to CNY 284,288,396.80 from CNY 248,295,968.27, indicating growth in sales and credit management[33] - Inventory levels decreased to CNY 136,131,185.75 from CNY 166,559,853.53, suggesting improved inventory turnover[33]