MXEP(SH:600101)2021-04-27 16:00Financial Performance - Net profit attributable to shareholders increased by 29.34% to CNY 33,688,470.04, driven by business recovery post-COVID-19 and government subsidies[6] - Operating revenue rose by 6.74% to CNY 388,684,851.89, reflecting growth in core business activities[5] - Basic earnings per share increased by 29.29% to CNY 0.0799, attributed to higher net profit[7] - The total profit for the first quarter of 2021 reached CNY 38,100,037.3, an increase of 45.32% compared to CNY 26,218,834.00 in the same period last year[16] - Operating profit increased by 47.01% to CNY 39,096,222.7 from CNY 26,593,470.65, driven by the recovery of business operations post-COVID-19[16] - Other income surged by 749.13% to CNY 3,359,819.07, primarily due to government subsidies of CNY 3 million received by a wholly-owned subsidiary[16] - The net profit for Q1 2021 reached CNY 33,487,493.27, up from CNY 26,191,048.15 in Q1 2020, representing a growth of 27.5%[31] - The total comprehensive income for Q1 2021 was CNY 33,487,493.27, compared to CNY 26,191,048.15 in Q1 2020, reflecting a growth of 27.5%[31] Assets and Liabilities - Total assets increased by 1.53% to CNY 3,453,460,450.97 compared to the end of the previous year[5] - The company's total assets increased to CNY 3,453,460,450.97 from CNY 3,401,386,478.15, reflecting a growth in both current and non-current assets[23] - Total liabilities as of March 31, 2021, were CNY 787,950,692.04, compared to CNY 764,896,901.53 at the end of 2020, reflecting a rise of 3.0%[27] - Total liabilities amounted to CNY 969,972,308.49, with non-current liabilities totaling CNY 248,880,787.39[46] - The total equity attributable to shareholders reached CNY 2,422,241,303.79, while total equity was CNY 2,431,414,169.66[46] Cash Flow - Net cash flow from operating activities surged by 68.92% to CNY 29,202,306.70, primarily due to increased cash receipts from business operations[5] - Cash generated from operating activities rose by 68.92% to CNY 29,202,306.70 compared to CNY 17,287,812.10 in the previous year[18] - The cash flow from operating activities for Q1 2021 was CNY 29,202,306.70, an increase of 68.9% from CNY 17,287,812.10 in Q1 2020[37] - The company experienced a net cash outflow from investment activities of ¥41,647,502.96, compared to a smaller outflow of ¥5,806,334.18 in Q1 2020, reflecting an increase in investment expenditures[41] - The company’s cash flow from financing activities showed a net outflow of ¥344,396.40, which is an improvement from a larger outflow of ¥1,069,818.75 in Q1 2020[41] Inventory and Receivables - Accounts receivable rose by 93.38% to CNY 26,948,039.98, mainly due to accelerated project installations by subsidiaries[14] - Inventory increased by 86.17% to CNY 65,661,743.76, reflecting higher material prepayments not yet settled[14] - The inventory level rose to CNY 65,661,743.76, up from CNY 35,269,100.42, indicating increased stock levels[22] Shareholder Information - The total number of shareholders reached 31,067, indicating a stable shareholder base[11] - Shareholders' equity totaled CNY 2,228,325,341.67 as of March 31, 2021, up from CNY 2,196,775,499.69 at the end of 2020, indicating an increase of 1.5%[28] Government Subsidies and Expenses - The company received government subsidies related to revenue, contributing to the net profit increase[6] - The company’s tax expenses rose dramatically to CNY 4,612,544.05, a 16,500.33% increase due to higher profit levels[16] - Financial expenses decreased by 70.48% to CNY -862,301.04, attributed to the settlement of bank deposit interest from the previous year[16] Research and Development - Research and development expenses for Q1 2021 were CNY 9,801.98, indicating ongoing investment in innovation[30] Future Outlook - The company plans to continue investing in new technologies and market expansion to drive future growth, although specific figures were not disclosed in the report[41]