BCC(SZ:002455)2021-04-28 16:00Financial Performance - The company's revenue for Q1 2021 reached ¥838,158,085.64, representing a 135.21% increase compared to ¥356,350,995.08 in the same period last year[8]. - Net profit attributable to shareholders was ¥36,659,743.60, a significant turnaround from a loss of ¥15,794,601.55, marking a 332.10% increase[8]. - The net profit after deducting non-recurring gains and losses was ¥35,598,815.47, compared to a loss of ¥18,285,337.89, reflecting a 294.69% improvement[8]. - Operating revenue for Q1 2021 reached ¥838,158,085.64, a 135.21% increase compared to ¥356,350,995.08 in Q1 2020, primarily due to a recovery in sales volume and price increases after the pandemic[16]. - Net profit for Q1 2021 was ¥37,975,902.14, a 340.44% increase from a net loss of ¥15,794,601.55 in Q1 2020, driven by increased operating revenue[16]. - The total comprehensive income for Q1 2021 was ¥37,978,309.33, a 341.02% increase compared to a loss of ¥15,757,155.58 in the same period last year[16]. - The basic earnings per share increased to ¥0.07 from a loss of ¥0.03, representing a 333.33% improvement[8]. - The basic earnings per share improved to ¥0.07 from a loss of ¥0.03, reflecting the overall positive performance in Q1 2021[16]. Assets and Liabilities - The company's total assets increased by 10.76% to ¥5,545,029,337.49 from ¥5,006,304,155.88 at the end of the previous year[8]. - The company's total assets as of March 31, 2021, amounted to ¥2,150,059,506.09, compared to ¥2,044,507,953.15 at the end of 2020[39]. - The company's current assets totaled CNY 1.99 billion as of March 31, 2021, compared to CNY 1.83 billion at the end of 2020, reflecting a growth of approximately 9.4%[33]. - The company's short-term borrowings increased to CNY 1.39 billion as of March 31, 2021, up from CNY 1.10 billion at the end of 2020, representing a rise of about 26.0%[35]. - The company's non-current liabilities totaled CNY 1.06 billion as of March 31, 2021, compared to CNY 929.16 million at the end of 2020, indicating an increase of approximately 14.0%[35]. - The total liabilities as of March 31, 2021, were ¥996,367,892.18, compared to ¥890,934,644.64 at the end of 2020[39]. Cash Flow - The net cash flow from operating activities was negative at -¥35,601,799.11, a decline of 146.22% compared to ¥77,029,718.58 in the previous year[8]. - Cash flow from operating activities showed a net outflow of ¥35,601,799.11, a significant decline from a net inflow of ¥77,029,718.58 in the same period last year, primarily due to increased cash payments for raw materials[17]. - The total cash inflow from operating activities was ¥608,555,662.01, up from ¥408,548,392.63 in the previous period[51]. - The total cash outflow from operating activities was ¥301,956,753.91, compared to ¥61,840,226.26 in the previous period, indicating a rise of 387.5%[53]. - The net cash flow from investment activities was -¥92,916,568.72, an improvement from -¥568,263,925.03 in the previous period[55]. - The ending balance of cash and cash equivalents is ¥5,509,393.31, down from ¥12,999,396.25 in the previous period, representing a decrease of 57.5%[55]. Shareholder Information - The total number of shareholders at the end of the reporting period was 27,925[11]. - The largest shareholder, Zheng Tiejiang, holds 23.79% of the shares, with 99,997,500 shares pledged[11]. Research and Development - Research and development expenses increased by 36.11% to ¥19,344,654.23, reflecting the company's commitment to enhancing its R&D capabilities[16]. - Research and development expenses for Q1 2021 were ¥19,344,654.23, compared to ¥14,212,509.14 in the same period last year, showing an increase in investment in innovation[42]. - The research and development expenses for the current period were ¥75,191.09, compared to ¥60,572.13 in the previous period, reflecting an increase in R&D investment[46]. Government Support - The company received government subsidies amounting to ¥613,000 during the reporting period[9]. Inventory and Accounts Receivable - The company reported a significant increase in inventory, which reached CNY 512.44 million as of March 31, 2021, compared to CNY 429.36 million at the end of 2020, marking a growth of about 19.4%[33]. - The company reported a significant increase in accounts receivable, which rose to ¥12,239,302.79 from ¥9,579,895.41[38]. Other Financial Activities - The company has no significant non-operating fund occupation by controlling shareholders or related parties during the reporting period[27]. - The company has not engaged in any significant external guarantees during the reporting period[26]. - The company has not reported any major contracts or significant financial management activities during the reporting period[24].