SVG(SZ:300331)2021-04-27 16:00Financial Performance - The company's revenue for Q1 2021 was ¥361,618,140.66, representing a 37.27% increase compared to ¥263,442,078.60 in the same period last year[7]. - Net profit attributable to shareholders was ¥15,028,924.79, a significant increase of 215.92% from ¥4,757,170.73 in the previous year[7]. - The net profit after deducting non-recurring gains and losses reached ¥12,255,490.87, marking a 426.10% increase from ¥2,329,517.38 year-on-year[7]. - The basic earnings per share (EPS) was ¥0.066, up 230.00% from ¥0.02 in the same period last year[7]. - The total operating revenue for Q1 2021 was CNY 361,618,140.66, an increase of 37.4% compared to CNY 263,442,078.60 in the same period last year[52]. - The total profit for Q1 2021 was CNY 15,229,298.47, up from CNY 6,490,282.92 in the same period last year, marking an increase of approximately 134.5%[54]. - The total comprehensive income for Q1 2021 was CNY 11,742,167.21, compared to CNY 4,209,551.46 in the same period last year, reflecting an increase of approximately 179.5%[59]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,233,584,763.46, an increase of 4.87% from ¥3,083,562,965.19 at the end of the previous year[7]. - The total liabilities increased to CNY 1,648,996,719.26 from CNY 1,513,655,916.20, representing a rise of 8.9%[46]. - The company's total non-current assets decreased from CNY 1,446,028,871.26 to CNY 1,402,034,986.11, a decline of about 3.04%[69]. - The company's equity attributable to shareholders reached CNY 1,570,110,817.87, up from CNY 1,553,864,246.08, reflecting an increase of 1.0%[47]. Cash Flow - The net cash flow from operating activities was -¥110,387,015.84, which is an increase of 838.20% compared to -¥11,765,783.71 in the same period last year[7]. - The cash inflow from operating activities amounted to CNY 420,606,575.60, compared to CNY 302,107,333.00 in the previous period, representing an increase of approximately 39.2%[61]. - The total cash outflow from operating activities was CNY 530,993,591.44, compared to CNY 313,873,116.71 in the prior period, marking an increase of about 69.5%[62]. - The ending cash and cash equivalents balance was CNY 183,452,371.61, down from CNY 102,792,215.07 in the previous period[63]. Research and Development - The company increased its research and development expenses by 71.98% to CNY 28.28 million, indicating a stronger focus on innovation and product development[20]. - Research and development expenses increased to CNY 28,279,905.61 in Q1 2021, compared to CNY 16,443,498.45 in the same period last year, indicating a growth of about 72%[53]. - The company has obtained a total of 460 patent authorizations, including 129 invention patents, indicating a strong commitment to innovation[25]. Market and Economic Conditions - The company is closely monitoring macroeconomic risks, with the IMF projecting global economic growth of 6% in 2021 and 4.4% in 2022, while China's economy is expected to grow by 8.4%[26]. - The company is exposed to financial risks due to increasing debt levels and potential changes in credit policies affecting funding sources[29]. Investments and Projects - The company plans to raise up to 800 million RMB through a private placement to fund projects including optical-grade sheet materials and micro-nano optical manufacturing[31]. - The high-performance flexible touch screen and module project, along with the micro-nano optical guide plate industrialization project, are currently in the construction phase, with the former having begun trial operations at the end of 2020[31]. - The company is expanding its production capacity in micro-nano new materials and optical guiding plates, which is expected to drive future revenue growth[24]. Shareholder Information - The total number of shareholders at the end of the reporting period was 13,572[11]. - The company conducted a site visit with institutional investors on January 15, 2021, discussing project investments and future development[40].