EMT(SH:601208)2021-04-29 16:00Financial Performance - Operating revenue surged by 90.19% to CNY 746,533,732.06 year-on-year[12] - Net profit attributable to shareholders increased by 250.87% to CNY 84,956,803.84 compared to the same period last year[12] - The company reported a basic earnings per share of CNY 0.14, a 250.00% increase from the previous year[12] - Total revenue for Q1 2021 reached 746.53 million, a 90.19% increase compared to 392.51 million in Q1 2020, driven by increased production capacity and sales volume[21] - Net profit for Q1 2021 was 85,268,586.14, up from 24,112,466.52 in Q1 2020, reflecting a 253.5% increase[44] - The total profit for Q1 2021 was 100,043,893.52, compared to 26,345,342.11 in Q1 2020, representing a 279.5% increase[44] Assets and Liabilities - Total assets increased by 5.85% to CNY 4,442,444,916.85 compared to the end of the previous year[12] - Total liabilities increased to CNY 1,799,726,979.55 from CNY 1,647,411,961.66, representing a growth of approximately 9.2%[33] - Total equity attributable to shareholders rose to CNY 2,610,315,721.82 from CNY 2,517,527,775.10, an increase of about 3.7%[33] - Current liabilities totaled CNY 968,379,676.50, up from CNY 848,029,539.88, indicating an increase of approximately 14.2%[39] - Total assets as of March 31, 2021, amounted to 4.44 billion, an increase from 4.20 billion at the end of 2020[28] Cash Flow - Cash flow from operating activities improved significantly, with a net amount of CNY -15,555,557.57, a 72.97% increase compared to the previous year[12] - Cash inflow from operating activities reached CNY 343,570,778.24, up 65.8% from CNY 207,127,050.14 in the same quarter last year[56] - Net cash flow from operating activities was CNY -15,555,557.57, an improvement from CNY -57,555,910.63 year-over-year[56] - Cash inflow from financing activities totaled CNY 380,000,000.00, compared to CNY 210,130,000.00 in the previous year, marking an increase of 80.8%[58] Expenses - Operating costs rose to 544.93 million, up 82.77% from 298.14 million in the same period last year, attributed to increased sales leading to higher cost recognition[21] - Financial expenses surged by 164.27% to 6.14 million from 2.32 million, primarily due to increased bank loan interest[21] - The company reported a significant increase in tax expenses, which rose by 561.72% to 14.78 million from 2.23 million, due to a substantial increase in total profit[21] - The company experienced a rise in tax expenses, which were 14,775,307.38 in Q1 2021, compared to 2,232,875.59 in Q1 2020, reflecting a 563.5% increase[44] Shareholder Information - The number of shareholders reached 25,012, with the largest shareholder holding 22.94% of the shares[18] - The company reported a total equity of CNY 2,642,717,937.30, up from CNY 2,549,618,208.28, which is an increase of about 3.6%[33] Research and Development - Research and development expenses increased by 54.10% to 35.90 million from 23.30 million, reflecting higher labor costs and expenses related to newly acquired companies[21] - Research and development expenses in Q1 2021 totaled 35,898,898.93, up from 23,295,267.05 in Q1 2020, which is a 54.3% increase[43] Strategic Initiatives - The company is actively leveraging technological innovation to drive industry transformation and product structure adjustments, benefiting from the rapid development of emerging industries such as 5G communications and new energy vehicles[24] - The company plans to focus on expanding its market presence and enhancing product development in the upcoming quarters[60]