SEC(603988)2021-04-29 16:00Financial Performance - Operating revenue rose by 16.58% to CNY 142,015,053.60 year-on-year[5] - Net profit attributable to shareholders decreased by 43.68% to CNY 54,646,892.08 compared to the same period last year[5] - Basic and diluted earnings per share fell by 43.90% to CNY 0.23[5] - The total profit for Q1 2021 was CNY 65,363,516.31, down from CNY 115,707,034.32 in Q1 2020[31] - Net profit for Q1 2021 decreased by 43.68% to ¥54.65 million from ¥97.04 million year-over-year[14] - Total operating revenue for Q1 2021 was CNY 142,015,053.60, an increase of 16.5% compared to CNY 121,822,310.79 in Q1 2020[30] - Total operating costs for Q1 2021 were CNY 127,819,502.33, up 15.6% from CNY 110,570,319.86 in Q1 2020[30] - The company reported a financial expense of CNY 798,159.28 in Q1 2021, compared to a financial income of CNY 1,483,964.63 in Q1 2020[30] - The company experienced a significant increase in sales expenses, which rose to CNY 15,891,345.16 from CNY 9,082,872.89 in the previous year[30] - Research and development expenses for Q1 2021 were CNY 4,452,665.06, slightly up from CNY 4,100,926.37 in Q1 2020[30] Assets and Liabilities - Total assets increased by 1.60% to CNY 1,285,854,554.63 compared to the end of the previous year[5] - Total liabilities decreased to ¥474,523,665.91 from ¥508,861,673.62, a reduction of approximately 6.7%[23] - Current assets totaled ¥1,118,618,250.63, up from ¥1,094,332,050.89, indicating an increase of about 2.2%[22] - Non-current assets totaled ¥167,236,304.00, down from ¥171,213,619.37, indicating a decline of approximately 2.3%[22] - Shareholders' equity increased to ¥811,330,888.72 from ¥756,683,996.64, reflecting a growth of about 7.2%[23] Cash Flow - Cash flow from operating activities improved by 74.79%, reaching a negative CNY 6,093,861.45, compared to a negative CNY 24,167,875.49 in the previous year[5] - Cash inflow from operating activities was CNY 96,957,325.15 in Q1 2021, up from CNY 73,015,141.12 in Q1 2020, representing a growth of about 32.5%[36] - The net cash outflow from operating activities was CNY -6,093,861.45 in Q1 2021, an improvement compared to CNY -24,167,875.49 in Q1 2020, showing a reduction in losses by approximately 74.7%[37] - Cash flow from investing activities resulted in a net outflow of CNY -8,925,319.57 in Q1 2021, significantly less than the CNY -56,133,447.00 reported in Q1 2020, indicating a 84.1% improvement[39] - The company experienced a net decrease in cash and cash equivalents of CNY -15,159,561.28 in Q1 2021, compared to a much larger decrease of CNY -80,832,844.37 in Q1 2020, reflecting a 81.2% improvement[38] - The ending balance of cash and cash equivalents was CNY 46,881,833.99 at the end of Q1 2021, down from CNY 110,623,451.18 at the end of Q1 2020[38] Shareholder Information - The total number of shareholders reached 17,738 at the end of the reporting period[10] - The largest shareholder, Ningbo JunTuo Enterprise Management Co., Ltd., holds 23.47% of the shares[10] Future Plans and Market Strategy - The company plans to conduct a major asset swap and issue shares to purchase assets, pending approval from the shareholders' meeting and regulatory authorities[15] - The company received an inquiry letter from the Shanghai Stock Exchange regarding the asset swap and is currently working on the response[16] - The company is focusing on enhancing operational efficiency and exploring new market opportunities to drive future growth[23]