Etron(SH:603380)2021-04-22 16:00Financial Performance - Operating revenue for the first quarter reached CNY 365,205,142.62, a 55.47% increase year-on-year[6] - Net profit attributable to shareholders increased by 161.85% to CNY 43,459,656.23 compared to the same period last year[6] - Basic and diluted earnings per share rose by 170.00% to CNY 0.27[7] - The total comprehensive income for Q1 2021 was CNY 40,591,445.31, compared to CNY 17,771,559.62 in Q1 2020, representing a significant increase[30] - Basic and diluted earnings per share for Q1 2021 were CNY 0.25, up from CNY 0.11 in Q1 2020, indicating a growth of 127.27%[30] - Net profit for Q1 2021 was ¥43,931,207.15, representing a 169.5% increase from ¥16,286,115.30 in Q1 2020[26] Cash Flow - Net cash flow from operating activities surged by 2,725.54% to CNY 32,207,699.95 compared to the previous year[6] - Net cash flow from operating activities for Q1 2021 was CNY 32,207,699.95, a substantial increase from CNY 1,139,878.81 in Q1 2020[32] - Cash inflow from operating activities totaled CNY 398,786,967.01 in Q1 2021, compared to CNY 327,879,049.84 in Q1 2020, marking a growth of 21.58%[32] - Cash outflow from operating activities was CNY 366,579,267.06 in Q1 2021, compared to CNY 326,739,171.03 in Q1 2020, reflecting an increase of 12.19%[32] - The net cash flow from investing activities was -CNY 56,930,711.56 in Q1 2021, worsening from -CNY 27,561,654.67 in Q1 2020[32] - The net cash flow from financing activities was CNY 6,990,802.51 in Q1 2021, compared to -CNY 92,368.94 in Q1 2020, indicating a positive turnaround[33] Assets and Liabilities - Total assets increased by 6.87% to CNY 1,469,956,040.24 compared to the end of the previous year[6] - Total current assets increased to ¥1,059,180,255.07 from ¥1,011,532,462.18, representing a growth of approximately 4.7% year-over-year[21] - Non-current assets totaled ¥410,775,785.17, up from ¥363,907,007.74, indicating an increase of about 12.9%[21] - Total current liabilities rose to ¥429,669,796.22 from ¥379,899,028.94, marking an increase of around 13.1%[22] - Total liabilities amounted to ¥442,899,770.61, up from ¥392,707,035.55, which is an increase of about 12.8%[22] - Shareholders' equity increased to ¥1,027,056,269.63 from ¥982,732,434.37, showing a growth of approximately 4.5%[22] Shareholder Information - The total number of shareholders reached 10,192 by the end of the reporting period[12] - The largest shareholder, Qian Xindong, holds 37.23% of the shares[12] Research and Development - Research and development expenses increased by 34.67% to CNY 15,262,866.37, primarily due to higher personnel costs[17] - Research and development expenses rose to ¥15,262,866.37, a 34.7% increase from ¥11,333,368.36 in the previous year[25] Operational Insights - The company has not disclosed any new product developments or market expansion strategies in this report[4] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[28] Inventory and Receivables - Inventory levels rose to CNY 229,559,303.37, a 39.04% increase from CNY 165,102,247.46, driven by preparations for increased sales orders[16] - The company reported a decrease in accounts receivable financing by 31.32% to CNY 14,111,826.15, attributed to reduced customer payments[16] - Accounts receivable rose to ¥316,021,075.64 from ¥285,782,700.89, reflecting an increase of approximately 10.6%[23] - Inventory increased significantly to ¥200,543,056.85 from ¥143,004,056.20, representing a growth of about 40.3%[23]