GETM(SH:600232)2021-04-29 16:00Financial Performance - Operating revenue for the year-to-date was CNY 223,335,541.72, representing an increase of 16.25% year-on-year[5]. - Net profit attributable to shareholders was CNY 2,511,238.49, a significant recovery from a loss of CNY 2,629,758.33 in the same period last year[5]. - Basic and diluted earnings per share were both CNY 0.007, recovering from a loss of CNY 0.007 per share in the previous year[5]. - Net profit for Q1 2021 was ¥1,837,593.69, a significant recovery from a net loss of ¥2,739,333.04 in Q1 2020[23]. - The company's gross profit margin for Q1 2021 was approximately 1.1%, compared to a negative margin in Q1 2020[22]. - The total comprehensive income for Q1 2021 was ¥1,837,593.69, compared to a loss of ¥2,739,333.04 in Q1 2020[24]. Cash Flow - The net cash flow from operating activities was negative CNY 69,454,611.34, compared to negative CNY 37,980,467.20 in the same period last year[5]. - Cash inflow from operating activities in Q1 2021 was $83,760,473.29, an increase of 32.5% compared to $63,207,324.63 in Q1 2020[31]. - Net cash flow from operating activities in Q1 2021 was -$807,799.60, a decrease from $5,611,489.91 in Q1 2020[31]. - Total cash outflow from operating activities in Q1 2021 was $84,568,272.89, compared to $57,595,834.72 in Q1 2020, reflecting increased operational costs[31]. - Cash received from sales in Q1 2021 was $77,967,109.61, up from $51,889,588.35 in Q1 2020, indicating strong sales growth[31]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,798,066,162.33, a decrease of 1.39% compared to the end of the previous year[5]. - Total liabilities decreased to ¥678,149,752.19 from ¥705,334,412.52, indicating a reduction in the company's obligations[16]. - Shareholders' equity increased slightly to ¥1,119,916,410.14 from ¥1,118,078,816.45, showing stability in equity despite fluctuations in assets and liabilities[17]. - Current assets totaled ¥863,582,361.28 as of March 31, 2021, an increase from ¥834,191,215.36 at the end of 2020[19]. - Total liabilities as of March 31, 2021, were ¥479,440,856.68, compared to ¥454,645,161.48 at the end of 2020[20]. Research and Development - Research and development expenses surged by 194.68% to ¥5,532,001.94 from ¥1,877,277.36, reflecting increased investment in the machinery sector[10]. - Research and development expenses increased to ¥5,532,001.94 in Q1 2021, up from ¥1,877,277.36 in Q1 2020, indicating a focus on innovation[22]. - The company incurred research and development expenses of ¥353,694.49 in Q1 2021, reflecting ongoing investment in innovation[25]. Shareholder Information - The total number of shareholders at the end of the reporting period was 23,585[8]. - The largest shareholder, Zhejiang Jinying Group Co., Ltd., held 48.58% of the shares, with 177,173,451 shares pledged[9]. Government Subsidies and Other Income - The company received government subsidies amounting to CNY 195,003.75, which are closely related to its normal business operations[7]. - Other income decreased by 88.76% to ¥195,003.75 from ¥1,734,475.73 due to a reduction in received subsidies[10]. - The total non-recurring gains and losses amounted to CNY 55,751.50 for the reporting period[7]. Cash and Cash Equivalents - Cash and cash equivalents decreased by 20.93% to ¥278,408,676.19 from ¥352,124,270.40 due to increased operating cash expenditures[10]. - Cash and cash equivalents at the end of Q1 2021 were ¥210,336,637.18, down from ¥275,173,311.91 at the beginning of the quarter[29]. - The ending cash and cash equivalents balance for Q1 2021 was $86,271,841.05, slightly down from $81,818,495.32 in Q1 2020[32].