CITC(SZ:002190)2021-04-29 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥209,872,766.93, representing a 49.06% increase compared to ¥140,796,439.23 in the same period last year[8]. - The net profit attributable to shareholders for Q1 2021 was ¥1,435,826.97, a significant turnaround from a loss of ¥9,513,914.94 in the previous year, marking a 115.09% increase[8]. - The net profit after deducting non-recurring gains and losses was ¥294,093.75, compared to a loss of ¥10,412,371.58 in the same period last year, reflecting a 102.82% improvement[8]. - The basic and diluted earnings per share for Q1 2021 were both ¥0.0040, compared to a loss of ¥0.0265 per share in the previous year, indicating a 115.09% increase[8]. - The company's net profit increased by 239.46% compared to the same period last year, reaching 7,921,385.15 yuan, driven by increased operating income and changes in accounting for investments[24]. - Total operating revenue for the first quarter reached CNY 209,872,766.93, compared to CNY 140,796,439.23 in the previous period, representing a significant increase[58]. - Net profit for the quarter was CNY 7,921,385.15, a recovery from a net loss of CNY 5,680,165.20 in the same period last year[62]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,528,285,224.68, a decrease of 0.56% from ¥3,548,168,203.72 at the end of the previous year[8]. - The net assets attributable to shareholders at the end of the reporting period were ¥2,544,806,180.37, a slight increase of 0.08% from ¥2,542,818,053.77 at the end of the previous year[8]. - The company's current assets totaled CNY 1,203,244,055.02, down from CNY 1,229,206,189.42 at the end of 2020, indicating a decrease of approximately 2.1%[43]. - The total liabilities decreased to CNY 836,812,393.73 from CNY 865,278,929.59, a reduction of approximately 3.9%[48]. - The company's equity attributable to shareholders increased to CNY 2,544,806,180.37 from CNY 2,542,818,053.77, showing a marginal increase of about 0.1%[50]. - The total current liabilities decreased to CNY 655,635,572.05 from CNY 699,192,211.04, reflecting a decline of about 6.2%[48]. Cash Flow - The net cash flow from operating activities was -¥23,838,742.98, a decline of 270.70% compared to ¥13,965,447.72 in the same period last year[8]. - Cash and cash equivalents net increase decreased by 625.77% year-on-year, totaling -33,656,396.05 yuan, mainly due to increased payments for external cooperation and asset purchases[29]. - The cash inflow from operating activities totaled CNY 196,839,234.37, up from CNY 158,977,574.25 in the previous period[72]. - The company reported other income of CNY 893,212.50, an increase from CNY 590,705.78 in the previous period[65]. - Total cash inflow from operating activities reached CNY 142,959,409.95, compared to CNY 84,670,685.55 in the prior period, indicating a year-over-year increase of about 68.7%[76]. - Cash outflow from operating activities was CNY 102,503,806.91, up from CNY 77,035,244.92, reflecting a rise of approximately 33.1%[76]. - The net increase in cash and cash equivalents was CNY 32,589,507.75, compared to CNY 2,751,216.75 in the prior period, indicating a substantial growth[79]. Research and Development - Research and development expenses surged by 118.42% to 12,423,200.58 yuan, reflecting intensified investment in key R&D projects[27]. - Research and development expenses increased to CNY 12,423,200.58, compared to CNY 5,687,694.03 in the previous year, indicating a focus on innovation[60]. - Research and development expenses have risen to CNY 5,307,575.39 from CNY 1,527,986.30, marking an increase of approximately 247.5%[65]. Shareholder Information - The top shareholder, China Aviation Industry Group Co., Ltd., holds 53.17% of the shares, with a total of 190,719,663 shares[13]. Future Outlook - Future outlook includes continued investment in R&D and potential market expansion strategies to enhance revenue growth[63].