Financial Performance - Operating revenue for Q1 2021 reached ¥3,117,187,785.59, an increase of 178.22% compared to ¥1,120,414,066.23 in the same period last year[5] - Net profit attributable to shareholders was -¥158,732,620.02, showing an improvement from -¥281,728,310.95 year-on-year[5] - Basic earnings per share for the period was -¥0.05, compared to -¥0.096 in the previous year[5] - The company's net profit for Q1 2021 was -137,451,767.50, an improvement from -282,921,173.36 in the same period last year, indicating a significant year-over-year performance enhancement[17] - The total profit for the period was -133,797,358.52, showing a substantial improvement compared to -288,836,497.65 in the previous year[17] - The total comprehensive income for the period was CNY -134,142,737.78, compared to CNY -283,621,309.95 in the previous year, indicating a significant reduction in losses[45] Assets and Liabilities - Total assets at the end of the reporting period were ¥29,520,987,079.88, a 7.23% increase from ¥27,663,663,402.07 at the end of the previous year[5] - The total amount of trading financial assets at the end of the reporting period was RMB 660,958,221.98, an increase of 89.88% compared to the previous year, attributed to the purchase of short-term trading financial assets by subsidiaries[16] - The total liabilities increased to ¥12,958,432,291.97 as of March 31, 2021, compared to ¥11,719,457,911.01 at the end of 2020, marking an increase of about 10.6%[40] - The company's total assets reached ¥29,520,987,079.88 as of March 31, 2021, up from ¥27,530,266,999.06 at the end of 2020, indicating an increase of approximately 7.2%[40] - The total liabilities increased to CNY 19,567,564,890.46 from CNY 18,183,224,851.57, reflecting a rise of approximately 7.6%[41] Cash Flow - The company reported a net cash flow from operating activities of -¥1,672,988,526.76, compared to -¥457,901,142.18 in the previous year[5] - The net cash flow from operating activities was -1,672,988,526.76, a decline from -457,901,142.18, primarily due to increased procurement payments driven by global component shortages[17] - The net cash flow from investing activities was -1,060,086,184.90, up from -227,888,633.04, attributed to increased investment in joint ventures and project payments[17] - The net cash flow from financing activities decreased by 35.34% to 1,826,250,244.45, reflecting a reduction in borrowings compared to the previous year[17] Expenses - Operating costs amounted to RMB 2,480,240,900.30, reflecting a 172.57% increase, primarily driven by the growth in core business revenue[11] - Research and development expenses increased by 75.21% to RMB 250,142,328.47, as the company intensified its investment in product performance and structure improvements[15] - Sales expenses increased by 70.95% to RMB 148,578,040.35, associated with revenue growth and market expansion efforts[13] - Management expenses rose by 53.72% to RMB 211,410,189.64, primarily due to increased employee compensation and new equity incentive amortization expenses[14] Shareholder Information - The total number of shareholders at the end of the reporting period was 178,935, with the largest shareholder, China Electronics Corporation, holding 41.37%[8] - The company’s minority shareholders' profit was 21,280,852.52, a significant recovery from -1,192,862.41 in the previous year, indicating improved performance in subsidiaries[17] Government Subsidies and Other Income - The company recognized government subsidies amounting to ¥25,340,025.02 during the reporting period[6] - The company reported a significant increase in other income, which rose by 246.98% to RMB 29,999,455.84, mainly due to increased government subsidies received by subsidiaries[15] Stock and Financing Activities - The company is undergoing a non-public stock issuance process, with the China Securities Regulatory Commission accepting the application on January 15, 2021[19] - The company signed a loan agreement with China Electronics for a one-year loan of RMB 165 million at the loan market quotation rate (LPR), with estimated interest of approximately RMB 6.35 million[22] - The company raised RMB 608.0728 million through a mixed ownership reform by introducing strategic investors at a price of RMB 2.303 per share[24] Inventory and Current Assets - The company's inventory rose to ¥6,902,087,308.48, up from ¥5,605,002,131.01, indicating an increase of approximately 23.1%[39] - The company's total current assets increased to ¥19,835,622,726.67 as of March 31, 2021, compared to ¥18,565,721,828.63 at the end of 2020, reflecting a growth of about 6.8%[39] Financial Standards and Adjustments - The company underwent a retrospective adjustment due to changes in accounting policies, impacting the financial data presented[5] - The company executed a new leasing standard starting January 1, 2021, which impacted the financial statements[55] Audit and Reporting - The first quarter report for 2021 was not audited, indicating preliminary figures[59]