BESTWAY(SZ:300008)2021-04-27 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥180,572,044.65, representing a 113.01% increase compared to ¥84,771,732.06 in the same period last year[8]. - The net profit attributable to shareholders for Q1 2021 was ¥11,736,535.37, a decrease of 7.78% from ¥12,726,695.52 in the previous year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥9,852,135.45, down 9.93% from ¥10,938,570.74 year-on-year[8]. - Basic earnings per share for Q1 2021 were ¥0.0068, a decrease of 48.87% from ¥0.0133 in the previous year[8]. - The total net profit for the current period is 11,702,136.55, a decrease from 12,148,831.89 in the previous period, representing a decline of approximately 3.7%[115]. - The total comprehensive income for the current period is 11,702,136.55, down from 12,148,831.89, reflecting a decrease of around 3.7%[121]. Cash Flow - The net cash flow from operating activities was -¥37,437,895.06, a significant decline of 1,422.92% compared to -¥2,458,301.34 in the same period last year[8]. - Cash flow from operating activities for the current period is 191,034,244.08, an increase from 90,435,507.57 in the previous period, representing a growth of approximately 111.7%[126]. - Cash outflow from operating activities was CNY 281,928,576.77, up from CNY 156,321,775.37, leading to a net cash flow from operating activities of -CNY 37,437,895.06, compared to -CNY 2,458,301.34 previously[130]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,098,490,509.30, an increase of 2.92% from ¥2,038,996,381.88 at the end of the previous year[8]. - The total liabilities of the company were CNY 438.39 million, an increase from CNY 390.51 million at the end of 2020, indicating a rise of approximately 12.3%[99]. - The company's total assets decreased to ¥2,568,340,227.81 from ¥2,591,079,912.87, a decline of about 1%[109]. - The total liabilities decreased to ¥47,168,123.59 from ¥57,793,750.84, showing a reduction of approximately 18%[109]. Operating Costs and Expenses - Operating costs increased by 147.06% year-on-year, driven by the growth in revenue[24]. - Total operating costs amounted to ¥183,146,185.99, up from ¥81,787,189.00, indicating a year-over-year increase of about 124%[112]. - R&D expenses surged by 424.48% year-on-year, reflecting the company's increased investment in research and development[24]. - Research and development expenses were ¥8,227,424.81, compared to ¥1,568,677.46 in the same period last year, reflecting a substantial increase of approximately 424%[112]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 104,118[11]. - The company reported a total of 937.50 million shares to be released from lock-up after 24 months following the completion of the share issuance[61]. - The total equity attributable to shareholders of the parent company was ¥2,521,172,104.22, down from ¥2,533,286,162.03, a decrease of about 0.5%[109]. Contracts and Projects - The company has signed significant contracts, including a total of 65 million CNY for LNG-powered vessel construction, with all 45 units of the 600-ton LNG vessels delivered by the reporting period[28]. - The company signed a wind turbine installation platform project with a contract amount of RMB 53.578 million, having received the first payment of RMB 9.856 million and recognized revenue of RMB 25.29 million by the end of the reporting period[36]. - The company entered into a contract for the construction of 12 multipurpose cargo ships with a total value of approximately RMB 68.212 million, with no initial payment received as of the reporting period's end[36]. Compliance and Commitments - The company is currently in the process of fulfilling commitments related to non-competition and fair trading with its controlling entities[46]. - The company has ongoing commitments to ensure that related transactions are conducted at fair market prices and comply with legal regulations[49]. - The company is in compliance with its commitments regarding shareholding and non-competition as per the agreements made during previous transactions[55].