Fenglong(SZ:002931)2021-04-22 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥171,249,407.62, representing a 58.64% increase compared to ¥107,950,920.64 in the same period last year[7] - Net profit attributable to shareholders for Q1 2021 was ¥27,341,087.53, a significant increase of 135.21% from ¥11,624,051.37 in the previous year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥24,792,764.97, up 164.22% from ¥9,383,262.87 year-on-year[7] - The basic earnings per share for Q1 2021 was ¥0.19, an increase of 137.50% compared to ¥0.08 in the same period last year[7] - The company reported a total comprehensive income of CNY 30,581,556.62 for Q1 2021, compared to CNY 12,780,381.90 in the same period last year, marking an increase of about 139%[53] - The gross profit margin improved, with operating profit for Q1 2021 at CNY 34,141,897.31, compared to CNY 14,259,902.82 in the previous year, showing a growth of approximately 139%[52] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,151,090,097.69, reflecting a 21.99% increase from ¥943,567,097.03 at the end of the previous year[7] - The net assets attributable to shareholders at the end of the reporting period were ¥689,476,057.86, which is a 14.95% increase from ¥599,795,255.61 at the end of the previous year[7] - The company's total current assets reached RMB 799,023,437.17 as of March 31, 2021, up from RMB 617,568,322.19 at the end of 2020[42] - The company's total liabilities rose to CNY 377,614,641.64 from CNY 263,001,009.58, marking an increase of around 43.5%[44] - Current liabilities decreased to CNY 191,660,179.09 from CNY 255,818,490.18, a reduction of approximately 25%[44] Cash Flow - The net cash flow from operating activities for Q1 2021 was negative at -¥10,913,388.80, a decline of 141.69% compared to ¥26,178,056.84 in the same period last year[7] - Cash received from operating activities increased by 53.46% to ¥179,730,847.80, primarily due to higher sales receipts[16] - Operating cash inflow for the current period was CNY 207,351,880.48, up from CNY 133,813,556.95 in the previous period, representing a 55% increase[60] - The ending cash and cash equivalents balance was CNY 187,810,840.23, up from CNY 110,083,506.52 in the previous period, reflecting a 70% increase[61] Investments and Expenses - Research and development expenses rose by 83.51% to ¥10,635,462.14, reflecting increased investment in R&D efforts[15] - The company reported a decrease in employee compensation payable to CNY 10,605,023.91 from CNY 16,498,064.10, a decline of about 35%[44] - The company recorded investment income of CNY 1,792,349.91, compared to CNY 1,146,092.38 in the previous year, representing an increase of about 56%[52] - The company reported a 124.52% increase in income tax expenses to ¥3,646,645.35, driven by higher taxable income[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,341[11] - The company raised a total of RMB 27,463.92 million from its initial public offering, with a net amount of RMB 22,882.77 million after deducting various fees[24] - As of March 31, 2021, the company has utilized RMB 8,823.24 million of the raised funds, with a remaining balance of RMB 15,741.02 million[25] Financing Activities - The company issued convertible bonds totaling ¥245 million, which were successfully listed on the Shenzhen Stock Exchange in January 2021[18] - The company has issued 245,000 convertible bonds, raising RMB 24,500.00 million, with a net amount of RMB 23,832.16 million after fees[29] - Cash inflow from financing activities was CNY 256,488,856.60, while cash outflow was CNY 24,519,249.99, resulting in a net cash flow of CNY 231,969,606.61[61]