KE Electric(SH:603050)2021-04-22 16:00Revenue and Profit - Total revenue for Q1 2021 reached RMB 223,053,050.42, representing a 74.88% increase compared to RMB 127,545,393.28 in the same period last year[6] - Net profit attributable to shareholders was RMB 14,155,765.25, a significant increase of 40083.37% from RMB 35,227.92 in Q1 2020[6] - Total operating revenue for Q1 2021 was CNY 223,053,050.42, a 74.8% increase from CNY 127,545,393.28 in Q1 2020[22] - Net profit for Q1 2021 reached CNY 14,269,677.64, compared to CNY 343,299.05 in Q1 2020, marking a significant increase[24] - The company reported a total operating profit of CNY 15,523,101.99, compared to CNY 1,076,820.02 in Q1 2020, marking an increase of approximately 1,341%[29] - The total profit for the quarter was CNY 15,520,465.15, significantly higher than CNY 1,150,850.38 in the same quarter last year[29] Cash Flow - The net cash flow from operating activities was negative RMB 118,925,481.40, a decline of 56.26% compared to negative RMB 76,109,249.04 in the previous year[6] - Operating cash flow net amount decreased by 56.26% to CNY -118,925,481.40, attributed to increased cash purchases of goods[12] - The company’s total cash inflow from operating activities was CNY 366,828,712.87, compared to CNY 246,868,900.28 in the previous year, indicating a growth of approximately 48%[30] - Investment activities generated a net cash inflow of CNY 10,572,961.06, compared to a net outflow of -CNY 57,878,042.59 in the previous year[31] - The cash flow from financing activities showed a net inflow of CNY 20,413,006.97, compared to CNY 9,822,900.59 in Q1 2020, reflecting an increase of about 108%[31] Assets and Liabilities - The company's total assets increased by 1.19% to RMB 3,034,865,824.52 from RMB 2,999,216,270.77 at the end of the previous year[6] - Total assets as of March 31, 2021, amounted to CNY 3,034,865,824.52, up from CNY 2,999,216,270.77 at the end of 2020[15] - Total liabilities increased to CNY 1,787,081,327.89 from CNY 1,765,990,783.93 year-over-year[16] - Total liabilities for Q1 2021 were CNY 1,099,445,087.61, compared to CNY 996,377,027.69 in Q1 2020[20] Shareholder Information - The number of shareholders at the end of the reporting period was 18,176[9] - The top three shareholders held a combined 28.65% of the shares, with Zhang Chengsuo holding 11.07%, Li Yanru 6.98%, and Qu Guowang 6.60%[9] Research and Development - Research and development expenses for the quarter were RMB 17,551,918.10, up 47.85% from RMB 11,871,730.52 in the same period last year[11] - Research and development expenses increased to CNY 17,551,918.10 in Q1 2021 from CNY 11,871,730.52 in Q1 2020, a rise of 47.8%[24] Other Financial Metrics - The company reported a gross profit of CNY 1,318,552.64 for Q1 2021, compared to a gross loss of CNY 6,635,953.44 in Q1 2020[24] - The company incurred interest expenses of CNY 863,699.58, while interest income was -CNY 768,015.69, indicating a net interest expense[29] - The company reported a significant increase in income tax expenses by 734.41% to CNY 2,910,748.49, reflecting a rise in total profit[12] - The company experienced a 99.56% increase in prepayments, totaling RMB 41,624,793.50, primarily due to expanded procurement activities[11] - Investment income decreased by 87.96% to CNY 105,484.37 compared to CNY 876,026.10 in the same period last year[12] - Credit impairment losses increased by 442.53% to CNY 21,986.00, primarily due to the reversal of impairment losses on discounted notes[12] - Asset disposal gains surged by 643,467.86% to CNY 15,007,101.47, mainly from the sale of newly constructed factory buildings[12]