CAERI(SH:601965)2021-04-22 16:00Financial Performance - The company achieved operating revenue of RMB 839.74 million, a year-on-year increase of 70.84%[5] - Net profit attributable to shareholders reached RMB 118.15 million, up 90.80% compared to the previous year[5] - The company reported a basic earnings per share of RMB 0.12, doubling from RMB 0.06 in the previous year[4] - Operating profit for Q1 2021 reached ¥142,021,248.52, up 78.8% from ¥79,373,814.54 in the same period last year[24] - Net profit for Q1 2021 was ¥114,396,588.96, representing a 82.5% increase from ¥62,780,091.17 in Q1 2020[24] - The total profit for Q1 2021 was approximately ¥164.38 million, which is a 92% increase from ¥85.77 million in Q1 2020[28] Cash Flow - The net cash flow from operating activities was RMB -210.72 million, showing a significant decline from RMB -81.74 million in the same period last year[4] - The company's cash flow from operating activities showed a net outflow of ¥210,719,701.30, worsening from a net outflow of ¥81,742,352.88 in the previous year[12] - Cash flow from operating activities showed a net outflow of approximately ¥210.72 million, compared to a net outflow of ¥81.74 million in Q1 2020[29] - The total cash inflow from financing activities was 12,841,335.00 RMB, while cash outflow from financing activities was 102,125,853.70 RMB, leading to a net cash flow from financing activities of -89,284,518.70 RMB[32] - The company experienced a net decrease in cash and cash equivalents of -235,671,868.18 RMB during the quarter, compared to -114,527,079.83 RMB in Q1 2020[32] Assets and Liabilities - The total assets at the end of the reporting period were RMB 6.87 billion, an increase of 3.44% from the end of the previous year[4] - The net assets attributable to shareholders increased to RMB 5.17 billion, reflecting a growth of 2.45% year-on-year[4] - The total liabilities as of March 31, 2021, were CNY 1,502,446,158.52, an increase from CNY 1,415,406,714.96 year-over-year[17] - The company's total liabilities increased, impacting cash flow management and operational efficiency[32] - Total liabilities reached ¥1,415,406,714.96, down from ¥1,424,362,614.96, indicating a reduction of ¥8,955,900.00[35] Investment and R&D - Research and development expenses surged by 120.93% to ¥32,928,233.41 from ¥14,904,397.29, reflecting increased investment in technology and product innovation[12] - Research and development expenses for Q1 2021 were ¥32,928,233.41, an increase of 120.1% compared to ¥14,904,397.29 in Q1 2020[22] Inventory and Receivables - The net value of inventory increased by 86.79% to ¥471,918,967.85 from ¥252,641,915.88, indicating a rise in stock for equipment manufacturing[11] - Accounts receivable rose by 77.40% to ¥580,758,326.83 from ¥327,373,544.27, attributed to increased sales in specialized vehicle modification and sales[11] - Accounts receivable increased significantly to CNY 580,758,326.83, up 77.3% from CNY 327,373,544.27 in the previous year[15] - Inventory rose to CNY 471,918,967.85, a substantial increase of 86.8% compared to CNY 252,641,915.88 in the prior year[16] Future Outlook - The company anticipates continued growth in the automotive sector, driven by strong demand for commercial and new energy vehicles[12] - The company is focusing on improving cash flow management strategies to enhance liquidity and operational performance moving forward[32] - The company is focusing on high value-added products and services, which contributed to the profit increase alongside business scale expansion[5]