PAIKE(605123)2021-04-27 16:00Financial Performance - Net profit attributable to shareholders was ¥55,864,222.80, representing a 134.06% increase year-on-year[10] - Operating revenue for the period was ¥325,673,295.51, showing a growth of 100.44% compared to the same period last year[10] - Basic earnings per share increased by 75.53% to ¥0.5173 from ¥0.2947 in the same period last year[10] - Total profit increased by 172.64% to ¥74,473,514.70, driven by growth in aerospace business and enhanced internal management[26] - Total operating revenue for Q1 2021 reached ¥325,673,295.51, a significant increase of 100.2% compared to ¥162,480,724.37 in Q1 2020[54] - Net profit for Q1 2021 was ¥55,864,222.80, representing a 134.8% increase from ¥23,867,462.82 in Q1 2020[56] - The total comprehensive income for Q1 2021 was CNY 55,824,846.77, up from CNY 23,834,102.78 in Q1 2020[65] Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,496,291,001.07, an increase of 4.94% compared to the end of the previous year[10] - Total liabilities as of March 31, 2021, were ¥865,052,956.02, up from ¥803,516,817.55 at the end of 2020, reflecting an increase of about 7.7%[44] - The company's total assets reached ¥2,496,291,001.07, compared to ¥2,378,890,639.80 at the end of 2020, indicating a growth of approximately 4.9%[44] Cash Flow - The net cash flow from operating activities was -¥29,804,245.15, a deterioration of 170.44% compared to the previous year[10] - Operating cash flow increased by 170.44% year-on-year, primarily due to growth in the aerospace business and an increase in accounts receivable[29] - Cash flow from operating activities for Q1 2021 was negative at CNY -29,804,245.15, compared to CNY -11,020,668.71 in Q1 2020[70] - Cash outflow from operating activities totaled CNY 221,181,939.57 in Q1 2021, compared to CNY 141,997,424.84 in Q1 2020, indicating an increase of about 56%[76] Shareholder Information - The total number of shareholders at the end of the reporting period was 8,515[16] - The largest shareholder, Zong Liping, holds 37.29% of the shares, totaling 40,270,000 shares[16] Research and Development - Research and development expenses surged by 89.32% to ¥15,835,374.48, as the company intensified investment in aerospace and nuclear power product development[26] - Research and development expenses in Q1 2021 amounted to ¥15,835,374.48, an increase of 89.5% compared to ¥8,364,372.64 in Q1 2020[54] - The R&D center construction is ongoing, with relevant construction procedures being processed[35] Inventory and Receivables - Accounts receivable rose by 26.38% to ¥588,362,610.03, driven by increased aerospace business and outstanding payments[22] - The company's inventory stood at ¥308,362,315.15, compared to ¥281,943,902.64 at the end of 2020, marking an increase of approximately 9.4%[39] - The company's total current assets amounted to ¥1,874,027,773.14, an increase from ¥1,839,651,739.55 as of December 31, 2020, reflecting a growth of approximately 1.0%[39] Other Financial Metrics - The weighted average return on equity decreased by 0.12 percentage points to 3.48%[10] - Tax expenses rose by 439.73% to ¥18,609,291.90, primarily due to an increase in profits and a temporary tax rate of 25%[26] - Other income grew by 318.28% to ¥8,384,631.43, primarily from tax-exempt product benefits[26] - The company reported a credit impairment loss of CNY -3,396,619.43 in Q1 2021, compared to CNY -212,830.64 in Q1 2020[63]