ECC(SH:600850)2021-04-29 16:00Financial Performance - Operating revenue for the first quarter reached CNY 1,570,734,836.30, representing an 18.48% increase year-on-year[11] - Net profit attributable to shareholders was CNY 69,011,749.10, up 7.91% from the same period last year[11] - Basic earnings per share increased by 7.94% to CNY 0.1617[11] - The company's operating revenue for Q1 2021 was approximately ¥213.02 million, a significant increase from ¥138.22 million in Q1 2020, representing a growth of about 54.1%[59] - The net profit attributable to shareholders for Q1 2021 was ¥69.01 million, compared to ¥63.95 million in the same period last year, showing an increase of approximately 8.5%[55] - The total comprehensive income for Q1 2021 was ¥68.40 million, compared to ¥57.45 million in Q1 2020, indicating an increase of approximately 19.1%[55] Assets and Liabilities - Total assets increased by 3.65% to CNY 8,661,648,071.27 compared to the end of the previous year[11] - Cash and cash equivalents at the end of the period amounted to CNY 1,734,332,909.71, a decrease of 31.37% compared to the end of the previous year, primarily due to procurement payments made during the period[20] - Total liabilities of the company were reported at ¥5,693,746,429.66, up from ¥5,457,391,186.27, which is an increase of approximately 4.32%[43] - Total current liabilities reached ¥5,454,923,662.16, down from ¥5,479,814,022.06, a decrease of ¥24,890,359.90[75] - Total assets as of the reporting date were ¥2,359,018,449.54, up from ¥2,201,567,422.58 in the previous year, marking a growth of 7.1%[49] Cash Flow - The net cash flow from operating activities improved to -CNY 718,253,226.42, a decrease in outflow compared to -CNY 768,814,009.67 in the previous year[11] - Total cash inflow from operating activities amounted to 2,528,297,868.77 CNY, compared to 1,146,605,501.95 CNY previously, reflecting a significant increase of approximately 120%[65] - Cash outflow from operating activities totaled 3,246,551,095.19 CNY, up from 1,915,419,511.62 CNY, representing an increase of about 69%[65] - The company's cash flow from operating activities for Q1 2021 was approximately ¥2.51 billion, significantly higher than ¥1.13 billion in Q1 2020, representing a growth of about 121.5%[61] Shareholder Information - The number of shareholders at the end of the reporting period was 19,337[16] - The largest shareholder, China Electronics Technology Group Corporation No. 32 Research Institute, holds 24.20% of the shares[16] Research and Development - The company has not disclosed any new product developments or market expansion strategies in this report[19] - The company is actively involved in research and development, with a notable increase in development expenditures to ¥12,225,293.76 from ¥7,225,485.55, indicating a focus on innovation[41] - R&D expenses in Q1 2021 amounted to ¥77,261,034.98, compared to ¥68,604,455.01 in Q1 2020, indicating a year-over-year increase of 12.1%[52] Tax and Expenses - Tax expenses for the period amounted to CNY 5,094,122.32, an increase of 199.43% compared to the previous period, mainly due to increased turnover tax payable[24] - The company reported a tax expense of ¥24.73 million for Q1 2021, compared to ¥51.14 million in Q1 2020, indicating a decrease of approximately 51.6%[59] Other Financial Metrics - The weighted average return on equity rose to 2.50%, an increase of 0.03 percentage points from the previous year[11] - The company reported a non-operating income of CNY 836,632.38 during the quarter[15] - The company has ongoing litigation regarding its investment in Shanghai Jiaoxiang Technology Co., Ltd., with a ruling against the company in January 2021, and an appeal has been filed[33]