Mentech(SZ:002902)2021-04-22 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥479,887,953.22, representing an increase of 87.33% compared to ¥256,178,982.19 in the same period last year[7]. - The net profit attributable to shareholders was a loss of ¥4,902,057.09, an improvement of 70.01% from a loss of ¥16,343,480.48 in the previous year[7]. - The net cash flow from operating activities was negative at ¥36,091,173.15, a decline of 140.78% compared to a positive cash flow of ¥88,512,110.25 in the same period last year[7]. - The net loss for Q1 2021 was CNY 6,543,141.32, an improvement from a net loss of CNY 16,614,186.26 in Q1 2020[42]. - The total comprehensive income attributable to the parent company was a loss of CNY 4,706,588.52, compared to a loss of CNY 16,292,696.03 in the previous period[46]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,535,370,665.99, reflecting a 2.23% increase from ¥2,479,968,272.55 at the end of the previous year[7]. - The company's total assets as of March 31, 2021, were CNY 2,063,909,857.11, a decrease from CNY 2,084,654,594.34 at the end of 2020[38]. - The company's total liabilities as of March 31, 2021, were approximately ¥1.44 billion, compared to ¥1.37 billion at the end of 2020[34]. - The total liabilities as of March 31, 2021, were CNY 1,034,639,511.82, down from CNY 1,046,251,402.47 at the end of 2020[38]. Shareholder Information - The company had a total of 26,124 common shareholders at the end of the reporting period[11]. - The largest shareholder, Yang Xianjin, holds 42.42% of the shares, amounting to 89,078,138 shares, with 71,511,103 shares pledged[11]. Cash Flow - The net cash flow from financing activities surged to ¥69.42 million in Q1 2021, a significant increase of 1142.52% from ¥5.59 million in Q1 2020, primarily due to increased bank borrowings[20]. - The net cash flow from operating activities was a negative CNY 36,091,173.15, a decline from a positive CNY 88,512,110.25 in the previous year[50]. - Cash inflow from operating activities totaled 420,613,733.95 yuan, down from 457,962,448.05 yuan year-over-year[21]. - Cash outflow from operating activities increased to 466,347,832.89 yuan, compared to 319,101,256.48 yuan in the prior period[21]. Expenses - The company reported a significant increase in financial expenses, with a rise of 2243.46% to ¥2.38 million in Q1 2021, attributed to higher interest expenses[18]. - Research and development expenses increased by 32.61% to ¥22.94 million in Q1 2021, reflecting the consolidation of subsidiaries and increased compensation[18]. - The financial expenses for the quarter were CNY 2,638,566.47, compared to a negative CNY 1,523,839.70 in the previous year, indicating increased financial costs[45]. Inventory and Investments - The company's inventory increased to ¥559.29 million as of March 31, 2021, compared to ¥498.25 million at the end of 2020, indicating a growth in stock levels[32]. - The long-term equity investment increased to CNY 385,825,224.64 from CNY 376,239,114.66 year-on-year, reflecting growth in strategic investments[37]. - The company recorded an investment income of ¥86.11 thousand in Q1 2021, a decrease of 47.82% from ¥165.02 thousand in Q1 2020, due to changes in the profit and loss of investment companies[18]. Other Financial Metrics - Basic and diluted earnings per share were both reported at -0.0233, compared to -0.080 in the previous year[46]. - The company reported a total cash outflow from investing activities of CNY 66,018,795.65, compared to CNY 105,601,201.09 in the previous period[50]. - The ending balance of cash and cash equivalents was 97,326,279.53 yuan, down from 329,378,081.72 yuan in the previous period[54].