CIG(SH:603083)2021-04-23 16:00Financial Performance - Operating revenue rose by 35.61% to CNY 771,916,162.55 year-on-year[14] - Net profit attributable to shareholders was CNY 27,533,537.33, a significant recovery from a loss of CNY 58,982,643.23 in the same period last year[14] - Basic and diluted earnings per share improved to CNY 0.11, recovering from a loss of CNY 0.27 per share in the same period last year[14] - The company's comprehensive gross profit margin for the reporting period was 22.99%, with specific product categories showing margins of 29.97% for high-speed optical components and modules, 17.57% for telecom broadband access terminals, 33.08% for switches and industrial IoT hardware, and 22.38% for wireless networks and small base stations[27] - The total comprehensive income for Q1 2021 was approximately ¥29.95 million, a recovery from a comprehensive loss of ¥40.39 million in Q1 2020, marking a turnaround of over 174%[52] Assets and Liabilities - Total assets increased by 4.52% to CNY 3,701,391,032.27 compared to the end of the previous year[14] - The total liabilities increased to RMB 1,814,134,203.69 from RMB 1,755,433,285.85[43] - Current assets totaled CNY 2,358,676,751.01, with accounts receivable at CNY 1,146,381,265.40, representing a significant portion of current assets[71] - Non-current assets increased from CNY 1,249,169,725.01 to CNY 1,324,809,832.02, indicating a rise of about 6.0%[74] - Total liabilities rose from CNY 1,755,433,285.85 to CNY 1,831,073,392.86, marking an increase of approximately 4.3%[74] Cash Flow - Cash flow from operating activities showed an improvement, with a net cash outflow of CNY 129,925,794.46, compared to CNY 145,089,257.79 in the previous year[14] - The net cash flow from investing activities was -¥4,567,315.47, primarily due to reduced equipment investments[26] - The net cash flow from financing activities decreased by 73.52% to ¥33,465,026.38, mainly due to less bank financing compared to the previous period[26] - Cash inflow from financing activities totaled $211.83 million, compared to $293 million in the prior period, while cash outflow was $177 million, leading to a net cash flow of $34.83 million[61] Shareholder Information - The total number of shareholders reached 25,169 by the end of the reporting period[18] - The largest shareholder, Cambridge Industries Company Limited, holds 18.89% of the shares, with 47,636,618 shares pledged[21] Market Strategy - The company is focusing on expanding its market presence and enhancing product development strategies[22] Inventory and Receivables - Accounts receivable increased by 35.16% to ¥673,339,386.67, primarily due to increased sales revenue[24] - Inventory increased to RMB 910,160,631.01 from RMB 854,872,205.20[40] - The company reported a 95.07% increase in receivables financing to ¥3,040,487.22, attributed to an increase in notes receivable at the end of the period[24] Financial Adjustments - The company has adopted new leasing standards effective January 1, 2021, impacting financial statement adjustments[70] - The company has implemented new leasing standards effective January 1, 2021, impacting financial statement adjustments[78]