ECH(SH:603200)2021-04-22 16:00Financial Performance - Operating revenue rose by 10.72% to CNY 142,340,773.11 year-on-year[5] - Net profit attributable to shareholders decreased by 41.27% to CNY 14,519,533.71 compared to the same period last year[5] - Basic and diluted earnings per share both fell by 41.67% to CNY 0.14[7] - The decline in net profit was attributed to lower sales volume and reduced investment income compared to the previous year[7] - Total operating revenue for Q1 2021 was CNY 142,340,773.11, an increase of 10.4% compared to CNY 128,554,142.16 in Q1 2020[28] - The net profit for Q1 2021 was CNY 15,344,048.21, down 35.2% from CNY 23,815,144.63 in Q1 2020[30] - The total profit for Q1 2021 was CNY 18,552,527.13, compared to CNY 27,298,205.50 in Q1 2020, reflecting a decline of 31.9%[30] - The company's operating profit for Q1 2021 was CNY 14,441,184.88, down 46.1% from CNY 26,767,629.13 in Q1 2020[30] Cash Flow - Net cash flow from operating activities improved significantly to CNY 19,871,594.61, compared to a negative cash flow of CNY -10,507,363.07 in the previous year[5] - Cash flow from operating activities for Q1 2021 was CNY 19,871,594.61, a significant improvement from a negative cash flow of CNY -10,507,363.07 in Q1 2020[35] - The net cash flow from operating activities for Q1 2021 was CNY 42,683,581.36, an increase of 43.2% compared to CNY 29,603,446.67 in Q1 2020[38] - Total cash inflow from financing activities was CNY 40,739,311.58, up from CNY 36,739,504.50 in the same period last year, reflecting a growth of 8.3%[36] - The net cash flow from financing activities increased significantly to CNY 26,668,416.82, compared to CNY 3,863,727.31 in Q1 2020, marking a substantial rise of 590.5%[36] - The cash flow from investment activities was negative at CNY -30,668,593.00, compared to CNY -1,390,646.00 in Q1 2020, indicating increased investment outflows[38] Assets and Liabilities - Total assets increased by 2.87% to CNY 1,199,735,241.76 compared to the end of the previous year[5] - Total assets as of March 31, 2021, amounted to RMB 1,199,735,241.76, an increase from RMB 1,166,248,646.38 at the end of 2020, reflecting a growth of approximately 2.87%[20] - Total liabilities increased to CNY 395,916,322.36 from CNY 324,282,627.62, reflecting increased borrowing or operational liabilities[26] - Total current liabilities rose to RMB 344,485,513.22 from RMB 329,020,034.11, reflecting an increase of about 4.23%[21] - Short-term borrowings increased to RMB 161,950,531.26 from RMB 134,590,035.76, marking a rise of approximately 20.36%[21] Shareholder Information - The company had a total of 19,913 shareholders at the end of the reporting period[12] - The largest shareholder, Wang Wei, holds 44.97% of the shares, with 9,990,000 shares pledged[13] - Shareholders' equity rose to CNY 819,669,242.70 from CNY 805,065,399.74, indicating a strengthening of the company's financial position[26] Operational Efficiency - Cash and cash equivalents increased to RMB 286,106,651.85 from RMB 270,520,988.78, representing a rise of about 5.43%[20] - Accounts receivable decreased to CNY 240,506,026.39 from CNY 256,033,511.39, indicating better collection efficiency[25] - Inventory increased to CNY 78,309,225.10 from CNY 70,114,091.76, suggesting a buildup in stock possibly in anticipation of higher sales[25] - The company reported a decrease in tax payments, which were RMB 7,467,012.89, down 32.96% from RMB 11,137,833.23 in the previous year[16] Research and Development - The company reported R&D expenses of CNY 8,765,151.06 for Q1 2021, slightly up from CNY 8,363,481.42 in Q1 2020, highlighting continued investment in innovation[28]