Ellington(SH:603328)2021-04-28 16:00Financial Performance - The company's operating revenue for Q1 2021 increased by 12.34% year-on-year, reaching CNY 599,471,395.90[11] - The net profit attributable to shareholders decreased by 64.45% compared to the same period last year, amounting to CNY 30,928,768.97[11] - Basic earnings per share dropped by 66.67% to CNY 0.03[11] - Total operating revenue for Q1 2021 was $599.47 million, an increase of 12.3% compared to $533.63 million in Q1 2020[43] - Net profit for Q1 2021 was $30.93 million, a decrease of 64.5% from $87.01 million in Q1 2020[45] - The company achieved a total comprehensive income of $31.14 million in Q1 2021, compared to $87.73 million in Q1 2020, marking a decline of 64.6%[45] Cash Flow - The net cash flow from operating activities decreased by 44.09% year-on-year, totaling CNY 111,987,392.66[11] - The cash inflow from operating activities was CNY 725,782,859.55, a decrease of 6.7% compared to CNY 777,636,714.39 in Q1 2020[53] - The cash inflow from investment activities was CNY 54,460,731.44, significantly lower than CNY 252,367,873.16 in Q1 2020[57] - The net cash flow from investment activities was CNY 5,708,121.16, compared to a negative CNY 79,627,795.83 in the previous year[57] - The total cash inflow from operating activities was CNY 672,418,527.40, slightly down from CNY 680,393,791.66 in Q1 2020[61] Assets and Liabilities - The total assets at the end of the reporting period were CNY 4,272,691,822.88, reflecting a slight increase of 0.33% from the previous year[11] - Total liabilities decreased to ¥921,873,521.73 from ¥939,124,675.96, a reduction of approximately 1.3%[36] - Total equity increased to ¥3,350,818,301.15 from ¥3,319,676,213.92, reflecting a growth of about 0.9%[36] - Cash and cash equivalents rose to ¥1,398,651,509.51 from ¥1,376,829,028.24, an increase of approximately 1.6%[36] - Accounts receivable decreased to ¥783,482,196.92 from ¥811,100,762.07, a decline of about 3.4%[36] Costs and Expenses - The total operating costs for Q1 2021 were $564.86 million, up 27.3% from $443.81 million in Q1 2020[43] - The company faced significant increases in raw material procurement prices, leading to delayed product price adjustments[11] - The company reported a significant decrease in employee compensation payable, which was ¥31,414,840.74 in Q1 2021, down 31.30% from ¥45,730,645.10 in Q1 2020[18] - Financial expenses showed a significant improvement, with a net income of -$14.42 million in Q1 2021 compared to -$27.05 million in Q1 2020[43] - Tax expenses decreased to $5.93 million in Q1 2021 from $16.08 million in Q1 2020, reflecting a 63.1% reduction[45] Shareholder Information - The total number of shareholders at the end of the reporting period was 37,245[14] - The largest shareholder, Yidun Investment Co., Ltd., held 63.41% of the shares[14] Future Outlook - The company anticipates a significant decline in cumulative net profit compared to the previous year due to rising raw material costs and potential foreign exchange losses[22]