KCT(SZ:002625)2021-04-29 16:00Financial Performance - The company's revenue for Q1 2021 was ¥102,899,123.83, representing a 16.13% increase compared to ¥88,608,393.33 in the same period last year[3] - Net profit attributable to shareholders for Q1 2021 was ¥27,217,026.35, an increase of 11.51% from ¥24,407,711.04 year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥21,928,937.87, showing a significant increase of 61.82% compared to ¥13,551,108.43 in the previous year[3] - The basic and diluted earnings per share remained unchanged at ¥0.01[3] - Total operating revenue for Q1 2021 was CNY 102,899,123.83, an increase of 16.5% compared to CNY 88,608,393.33 in the same period last year[29] - Net profit for Q1 2021 reached CNY 27,112,047.14, compared to CNY 24,240,945.25 in the previous year, representing an increase of 7.7%[31] - The total comprehensive income for Q1 2021 was CNY 27,209,098.91, compared to CNY 24,240,945.25 in the same period last year, indicating a growth of 12.2%[33] - The profit before tax for Q1 2021 was CNY 33,190,743.09, up from CNY 28,178,537.97, marking an increase of 17.1%[31] Cash Flow - The net cash flow from operating activities was -¥13,679,198.25, a decline of 40.41% from -¥9,742,177.86 in the same period last year[3] - Cash flow from operating activities showed a net outflow of CNY -13,679,198.25, worsening from CNY -9,742,177.86 in the previous year[38] - Cash flow from investing activities resulted in a net outflow of CNY -592,993,264.52, compared to CNY -11,847,828.09 in the same period last year[38] - Cash flow from financing activities recorded a net outflow of CNY -162,893,576.27, contrasting with a net inflow of CNY 48,290,542.03 in Q1 2020[39] Assets and Liabilities - Total assets at the end of the reporting period were ¥8,562,351,869.66, a decrease of 0.98% from ¥8,647,377,935.63 at the end of the previous year[3] - Total current assets amounted to ¥7,002,723,276.80, a decrease of 2.65% from ¥7,193,217,690.62 on December 31, 2020[23] - Total non-current assets reached ¥1,559,628,592.86, an increase of 7.24% from ¥1,454,160,245.01[24] - Total liabilities decreased to ¥668,140,389.57 from ¥780,375,554.45, indicating a decline of 14.36%[25] - The company's total equity increased to ¥7,894,211,480.09 from ¥7,867,002,381.18, reflecting a growth of 0.34%[26] Investments and Expenses - Research and development expenses rose by 42.76% to ¥17,984,520.49, reflecting higher investment in super-materials projects[13] - The company reported a significant increase in credit impairment losses by 715.49% to ¥4,916,689.71, influenced by accounts receivable aging[13] - The company received government subsidies amounting to ¥2,546,048.47 during the reporting period[4] - The company reported a financial expense of CNY -28,197,446.84, compared to CNY -20,936,207.49 in the previous year, indicating a higher financial cost[30] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 92,836[6] - The company’s undistributed profits stand at approximately 331.59 million CNY, providing a buffer for future investments[47] - The company maintained goodwill at ¥321,396,801.20, unchanged from the previous period[24] Changes and Adjustments - The company reported a decrease in long-term deferred expenses to approximately 62.44 million CNY after adjustments[49] - The implementation of new leasing standards resulted in a reclassification of approximately 9.41 million CNY in right-of-use assets[48] - The company has a short-term loan of approximately 100.12 million CNY, indicating reliance on external financing[47]