TKC(200512)2021-04-27 16:00Financial Performance - The company's operating revenue for Q1 2021 was RMB 564,283,057.89, representing an increase of 81.29% compared to RMB 311,268,019.82 in the same period last year[9] - Net profit attributable to shareholders for Q1 2021 reached RMB 27,743,333.09, a significant increase of 223.45% from RMB 8,577,244.43 in the previous year[9] - The net profit after deducting non-recurring gains and losses was RMB 22,135,773.73, up 215.83% from RMB 7,008,708.45 year-on-year[9] - The basic earnings per share for Q1 2021 was RMB 0.15, which is a 200% increase compared to RMB 0.05 in the same period last year[9] - Revenue for Q1 2021 reached RMB 564.28 million, an increase of 81.29% compared to RMB 311.27 million in the same period last year, driven by new product launches and significant growth in export orders[17] - Operating profit for Q1 2021 was ¥42.21 million, representing a growth of 201.5% from ¥14.00 million in Q1 2020[42] - The company reported a total cost of operations of ¥531.84 million in Q1 2021, an increase of 81.7% from ¥292.79 million in Q1 2020[42] - The total comprehensive income for Q1 2021 was ¥38.37 million, significantly higher than ¥11.60 million in Q1 2020[43] Assets and Liabilities - Total assets at the end of the reporting period were RMB 2,987,771,586.17, reflecting a growth of 24.07% from RMB 2,408,046,446.78 at the end of the previous year[9] - Total liabilities rose to ¥1,686,954,901.88 from ¥1,107,330,415.57, marking an increase of about 52%[35] - Total current liabilities rose to RMB 1,090,650,878.04 from RMB 1,055,592,088.09, representing an increase of approximately 3.3%[33] - The total amount of entrusted financial management contracts reached RMB 88,500,000[28] - The total owner's equity as of January 1, 2021, was CNY 757,575,030.38, showing a consistent financial position[57] Cash Flow - The company reported a net cash flow from operating activities of RMB -54,477,772.75, showing a slight improvement of 4.07% compared to RMB -56,790,702.14 in the previous year[9] - The company reported a net cash flow from financing activities of RMB 67.21 million, a dramatic increase of 9258.60% compared to a net outflow of RMB 0.73 million in the previous period, driven by increased short-term borrowings[18] - Cash inflow from financing activities totaled ¥79,645,453.82, up from ¥26,173,640.00, marking a substantial increase[48] - The ending cash and cash equivalents balance was ¥603,958,661.33, a decrease from ¥672,801,206.68[48] Shareholder Information - The total number of shareholders at the end of the reporting period was 15,061, indicating a diverse shareholder base[12] - The largest shareholder, FORDCHEE DEVELOPMENT LIMITED, holds 29.10% of the shares, while the second-largest shareholder, EUPA INDUSTRY CORPORATION LIMITED, holds 13.09%[12] Government Subsidies and Other Income - The company received government subsidies amounting to RMB 1,717,430.34 during the reporting period, which are closely related to its business operations[10] - Other income rose by 215.46% to RMB 1.72 million from RMB 0.54 million, mainly due to government subsidies received for R&D expenses[17] Investment and Derivative Activities - Investment income surged by 378.45% to RMB 27.10 million from RMB 5.66 million, attributed to increased gains from settled forward foreign exchange contracts[18] - The company has established strict internal evaluations and regulatory mechanisms for its financial derivative business[24] - The company’s derivative investment strategy focuses on hedging and does not engage in speculative trading[24] - The company has no ongoing litigation related to its derivative investments[24] Changes in Accounting Policies - The adjustments made in the financial statements are primarily due to the implementation of new leasing standards, affecting the recognition of lease liabilities and right-of-use assets[53] - The company has no significant changes in accounting policies for derivative investments compared to the previous reporting period[24]