GIT(SZ:300465)2021-04-15 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥816,314,099.03, representing a 277.57% increase compared to ¥216,203,076.65 in the same period last year[8] - Net profit attributable to shareholders was ¥16,513,757.57, a significant turnaround from a loss of ¥3,289,460.95, marking a 602.02% increase[8] - The net profit after deducting non-recurring gains and losses was ¥16,317,898.33, up 417.93% from a loss of ¥5,132,519.44 in the previous year[8] - Basic earnings per share increased to ¥0.04 from a loss of ¥0.01, reflecting a 500.00% improvement[8] - The weighted average return on equity rose to 2.86%, compared to -0.25% in the same period last year, an increase of 3.11%[8] - The company reported a net cash flow from operating activities of -¥277,855,628.53, an improvement of 18.32% from -¥340,174,175.30 in the previous year[8] - The company reported a cash inflow from operating activities of CNY 940,149,166.90, significantly higher than CNY 212,612,664.54 in the previous period[43] - The company's total profit for the first quarter of 2021 was CNY 16,431,851.28, compared to a loss of CNY 4,811,962.81 in the same period last year[36] Assets and Liabilities - Total assets decreased by 22.15% to ¥1,509,635,732.23 from ¥1,939,276,129.09 at the end of the previous year[8] - The company's total liabilities decreased to ¥911,175,395.70 from ¥1,357,935,565.11, indicating a reduction of approximately 33%[32] - Current assets totaled ¥701,262,607.95, down from ¥1,125,907,399.29, reflecting a decline of about 38%[29] - The total cash and cash equivalents at the end of the period was 363,617,842.48 CNY, down from 589,004,442.18 CNY at the beginning of the period[45] - The total liabilities amounted to CNY 1,357,593,756.35, with current liabilities at CNY 1,280,284,405.80[52] - The total assets reached CNY 1,939,276,129.09, with current assets totaling CNY 1,125,907,399.29[54] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 54,470[11] - The largest shareholder, Eagle High Investment Consulting Co., Ltd., held 23.31% of the shares, totaling 104,149,776 shares[11] - The company's equity attributable to shareholders was CNY 569,823,847.74, while total equity stood at CNY 581,682,372.74[52] Revenue and Costs - Operating costs rose by 364.71% year-on-year, primarily due to the acceptance of system integration contracts signed at the end of the previous year and growth in software development[15] - Total operating costs amounted to ¥804,760,466.59, compared to ¥215,317,597.18 in the prior period, with operating costs specifically at ¥751,730,729.66, up from ¥161,765,000.52[35] - The top five customers contributed 89.15% of total revenue, significantly up from 57.45% in the previous year[16] - The company reported sales revenue of 858,023,298.86 CNY from goods and services, significantly up from 121,543,666.23 CNY in the previous period[46] Cash Flow - The company has seen a 469.25% increase in net cash flow from investing activities year-on-year, mainly due to the redemption of financial products[15] - Cash inflow from investment activities was 369,518,434.66 CNY, with cash outflow of 240,148,483.85 CNY, resulting in a net cash flow of 129,369,950.81 CNY[48] - The company reported a decrease in cash and cash equivalents by 225,386,599.70 CNY during the period[45] Future Outlook - The company plans to continue focusing on credit system and risk control system businesses, as well as actively investing in innovative areas like supply chain finance[15] - The company expects the fintech business to maintain growth in 2021, driven by increasing demand from traditional clients and new strategic clients[15]