Sinoma-ec/SEC(SH:603126)2021-04-28 16:00Financial Performance - In Q1 2021, the company's revenue reached ¥800,100,233.28, representing a 111.78% increase compared to the same period last year, driven by increased income from boiler equipment, EP, EPC projects, and sheet materials [6]. - The net profit attributable to shareholders was ¥27,813,872.76, a significant increase of 260.25% year-on-year, while the net profit excluding non-recurring gains and losses was ¥23,636,925.59, up 260.67% [6]. - Basic and diluted earnings per share were both ¥0.0456, up 260.25% from -¥0.0284 in the previous year [7]. - The company reported a net profit of ¥40,063,201.99 for Q1 2021, a turnaround from the loss reported in the same period last year [29]. - The total profit for Q1 2021 was CNY 40,036,276.98, compared to a loss of CNY -16,373,552.56 in Q1 2020, showcasing a strong recovery [30]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥4,145,157,140.44, a decrease of 1.16% from the previous year-end [7]. - As of March 31, 2021, accounts receivable increased by 32.51% to ¥748,111,899.26 due to increased sales during the period [14]. - The company's long-term borrowings increased by 106.38% to ¥97,000,000.00 as a result of new bank loans obtained by a subsidiary [15]. - The company's total assets as of March 31, 2021, amounted to ¥2,041,341,977.56, down from ¥2,102,109,200.93 at the end of 2020 [27]. - Total liabilities decreased to ¥543,186,955.38 in Q1 2021 from ¥601,198,024.18 in Q4 2020 [27]. Cash Flow - The net cash flow from operating activities was -¥166,865,293.55, reflecting a decline of 15.01% compared to the same period last year [7]. - Cash flow from operating activities was CNY 493,822,756.17, an increase from CNY 393,024,517.49 in the same period last year, indicating improved cash generation [35]. - The cash flow from operating activities showed a negative trend, with a net cash flow of -15,498,569.48 RMB in Q1 2021 compared to -18,442,856.80 RMB in Q1 2020 [39]. - Total cash inflow from operating activities was 513,799,918.33 RMB, while cash outflow was 680,665,211.88 RMB, resulting in a net cash outflow of 166,865,293.55 RMB [36]. Research and Development - Research and development expenses for Q1 2021 rose by 83.10% to ¥33,196,112.24, reflecting the company's increased investment in R&D [16]. - Research and development expenses increased to CNY 6,388,591.24, up from CNY 5,202,399.69 in the previous year, reflecting the company's commitment to innovation [32]. Shareholder Information - The total number of shareholders as of the reporting date was 108,417 [12]. - The largest shareholder, China National Materials Group Corporation, held 50.66% of the shares [12]. Financial Position - The company's equity attributable to shareholders was ¥1,498,155,022.18 as of March 31, 2021, slightly down from ¥1,500,911,176.75 at the end of 2020 [27]. - The company's cash and cash equivalents as of March 31, 2021, were ¥902,937,800.03, down from ¥1,128,542,124.53 at the end of the previous year [21].