Financial Performance - The company's operating revenue for Q1 2021 was CNY 104,446,541.94, representing a 183.47% increase compared to CNY 36,846,129.34 in the same period last year[8]. - The net profit attributable to shareholders for Q1 2021 was CNY 26,024,180.62, a significant increase of 270.76% from CNY 7,019,224.82 year-on-year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 26,970,280.76, up 212.85% from CNY 8,620,855.72 in the previous year[8]. - The basic earnings per share for Q1 2021 was CNY 0.480, an increase of 269.23% compared to CNY 0.130 in the same period last year[8]. - The total operating revenue for the first quarter of 2021 was CNY 104,446,541.94, a significant increase from CNY 36,846,129.34 in the previous period[34]. - The net profit for the first quarter of 2021 reached CNY 26,024,180.62, up from CNY 7,019,224.82 in the same period last year, representing a growth of approximately 270%[36]. - The total profit for the first quarter was CNY 28,991,823.97, compared to CNY 8,778,969.43 in the same period last year, marking a growth of approximately 230%[36]. - The company's operating profit for the first quarter was CNY 28,848,489.56, compared to CNY 10,954,158.16 in the prior year, showing a growth of about 163%[36]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 478,864,624.39, reflecting a 4.76% increase from CNY 457,086,477.58 at the end of the previous year[8]. - The net assets attributable to shareholders at the end of the reporting period were CNY 328,417,512.19, an increase of 8.03% from CNY 304,016,743.64 at the end of the previous year[8]. - The total liabilities decreased slightly to CNY 150,447,112.20 from CNY 153,069,733.94, indicating a reduction of about 1.6%[28]. - The owner's equity increased to CNY 328,417,512.19 from CNY 304,016,743.64, representing a growth of approximately 8%[29]. - The company's short-term borrowings increased by 43.12% to CNY 83,098,272.22 from CNY 58,060,556.94, attributed to increased bank loans[16]. Cash Flow - The net cash flow from operating activities for Q1 2021 was negative CNY 52,366,463.43, a decline of 481.82% compared to a positive CNY 13,715,000.20 in the same period last year[8]. - Cash inflow from operating activities totaled 82,226,884.32 CNY, up from 50,282,563.20 CNY in the previous period[43]. - Cash outflow from operating activities increased to 134,593,347.75 CNY, compared to 36,567,563.00 CNY in the previous period[44]. - The net cash flow from investing activities was -10,344,530.66 CNY, an improvement from -30,372,169.20 CNY in the previous period[44]. - The net cash flow from financing activities was 24,451,904.42 CNY, compared to -20,174,649.87 CNY in the previous period[45]. - The company received 25,000,000.00 CNY in cash from borrowings during the financing activities[45]. - The ending cash and cash equivalents balance was 31,933,506.63 CNY, down from 25,397,810.95 CNY in the previous period[45]. - The company reported a cash and cash equivalents net decrease of -38,104,262.14 CNY, compared to -36,756,020.12 CNY in the previous period[45]. Research and Development - Research and development expenses surged by 243.34% to CNY 6,636,817.51 in Q1 2021, compared to CNY 1,933,009.44 in Q1 2020, due to delays in projects caused by the pandemic[16]. - Research and development expenses for the first quarter totaled CNY 6,636,817.51, significantly higher than CNY 1,933,009.44 in the previous year, indicating a focus on innovation[35]. Customer and Supplier Dynamics - The first five customers accounted for 33.83% of total revenue in Q1 2021, down from 37.43% in Q1 2020, indicating a reduction in customer concentration risk[19]. - The company maintained a diversified supplier base, with no single supplier accounting for more than 50% of purchases, ensuring operational stability[18]. Investment Performance - The company reported a significant increase in investment income, which rose by 1346.45% to CNY 68,759.32 from CNY 4,753.67, due to higher returns from bank wealth management products[16]. - The company reported investment income of CNY 68,759.32, up from CNY 4,753.67 in the previous year, indicating improved investment performance[39].
祥源新材(300980) - 2021 Q1 - 季度财报