CRUN(SZ:002272)2021-04-20 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥334,197,344.09, representing a 102.09% increase compared to ¥165,373,003.33 in the same period last year[8] - Net profit attributable to shareholders was ¥15,960,263.58, a significant increase of 355.52% from a loss of ¥6,246,098.86 in the previous year[8] - The net profit after deducting non-recurring gains and losses was ¥12,590,886.68, up 239.92% from a loss of ¥8,998,925.46 in the same period last year[8] - The basic earnings per share increased to ¥0.0374, compared to a loss of ¥0.0147 in the previous year, marking a 354.20% improvement[8] - The total amount of orders on hand reached 833 million yuan, with 414 million yuan from hydraulic lubrication fluid control systems and components[21] - The company reported a significant increase in revenue for Q1 2021, with a year-over-year growth of 15%[26] - The total comprehensive income for Q1 2021 was CNY 17,599,630.68, compared to a comprehensive loss of CNY 6,258,832.00 in Q1 2020[52] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,889,174,413.43, reflecting a 2.29% increase from ¥2,824,498,916.69 at the end of the previous year[8] - The company's total assets amounted to CNY 2,889,174,413.43, an increase from CNY 2,824,498,916.69 at the end of 2020[41] - The company's total liabilities increased to CNY 1,800,000,000.00, compared to CNY 1,700,000,000.00 at the end of 2020, showing a rise of approximately 5.9%[42] - Shareholders' equity totaled ¥1,432,119,997.83, compared to ¥1,413,831,541.81 in the previous period, showing a slight increase[44] Cash Flow - The net cash flow from operating activities was negative at -¥119,666,718.68, worsening by 267.52% from -¥32,560,952.70 in the previous year[8] - The cash inflow from operating activities totaled CNY 210,666,572.57, compared to CNY 172,352,463.50 in the previous year, showing an increase in cash generation[59] - The total cash and cash equivalents at the end of the period were ¥13,098,767.52, down from ¥24,095,459.65 in the previous period[63] - The company experienced a net decrease in cash and cash equivalents of ¥47,932,098.57, compared to a decrease of ¥30,038,310.69 in the previous period[62] Expenses and Investments - Research and development expenses increased by 87.37% year-on-year, reflecting increased investment in technology development during the reporting period[20] - The company incurred research and development expenses of CNY 119,290.59, up from CNY 14,775.03 in the previous year, reflecting an increase in investment in innovation[54] - Financial expenses increased by 169.20% year-on-year, primarily due to an increase in bank loans during the reporting period[20] - Income tax expenses increased by 481.52%, primarily due to a rise in total profit compared to the previous year[19] Strategic Initiatives - The company plans to continue its stock incentive plan, having granted 7.62 million shares at a price of 2.325 yuan per share to 72 eligible participants[23] - The company is considering strategic acquisitions to enhance its product portfolio, with potential targets identified in the industry[26] - The company has initiated a stock buyback program, aiming to repurchase up to 5% of its shares outstanding[28] - Overall, the company remains committed to enhancing shareholder value through strategic initiatives and operational efficiencies[26] Market Outlook - The company provided a positive outlook for the upcoming quarters, projecting a revenue growth of 10% to 15% for the full year 2021[28] - New product launches are expected to contribute an additional 5% to revenue growth, with two major products set to be released in Q2 2021[26] - Market expansion plans include entering two new regional markets by the end of 2021, targeting a 25% increase in market share[28] - User data showed an increase in active users by 20% compared to the previous quarter, reaching a total of 1.5 million active users[27]