AA Belt(SH:603580)2021-04-27 16:00Financial Performance - Operating revenue for the first quarter reached CNY 44,466,810.50, a 23.64% increase year-on-year [13]. - Net profit attributable to shareholders increased by 19.49% to CNY 4,272,750.40 compared to the same period last year [7]. - Basic earnings per share increased by 19.34% to CNY 0.0327 [7]. - Total operating revenue for Q1 2021 was CNY 44,466,810.50, an increase of 23.9% compared to CNY 35,966,114.76 in Q1 2020 [28]. - Net profit for Q1 2021 reached CNY 4,195,366.22, representing a 22.4% increase from CNY 3,426,399.49 in Q1 2020 [30]. - The company reported a total profit of CNY 4,922,990.22 for Q1 2021, which is a 26.6% increase from CNY 3,884,391.20 in Q1 2020 [30]. - The total comprehensive income for Q1 2021 was CNY 3,542,556.58, compared to CNY 1,776,251.23 in Q1 2020, indicating a significant increase [32]. Assets and Liabilities - Total assets increased by 3.07% to CNY 510,449,250.83 compared to the end of the previous year [7]. - Current assets totaled 299,120,620.55 RMB, down from 348,948,807.05 RMB at the end of 2020, indicating a decrease of approximately 14.2% [20]. - Non-current assets increased to 211,328,630.28 RMB from 146,307,991.93 RMB, reflecting a growth of approximately 44.4% [21]. - Total liabilities increased to 59,858,148.24 RMB from 48,596,768.98 RMB, representing a rise of about 23% [22]. - Total liabilities as of Q1 2021 were CNY 38,117,370.12, up from CNY 35,117,938.32 in Q1 2020, indicating a growth of 5.7% [28]. - The company's equity attributable to shareholders reached 442,930,661.49 RMB, up from 438,922,204.73 RMB, a slight increase of about 0.7% [22]. Cash Flow - Cash flow from operating activities decreased by 21.81% to CNY 9,427,752.36 compared to the previous year [7]. - Cash inflow from operating activities was CNY 54,584,512.59 in Q1 2021, up from CNY 49,740,231.64 in Q1 2020, representing an increase of approximately 3.4% [33]. - The net cash flow from operating activities decreased to CNY 9,427,752.36 in Q1 2021 from CNY 12,057,332.68 in Q1 2020, a decline of about 21.5% [35]. - Cash and cash equivalents at the end of Q1 2021 were CNY 83,558,462.25, down from CNY 152,467,797.01 at the end of Q1 2020, reflecting a decrease of approximately 45.0% [36]. - The net cash flow from investing activities was negative CNY 63,502,424.71 in Q1 2021, compared to negative CNY 10,711,787.56 in Q1 2020, indicating increased investment outflows [35]. - The company reported a decrease in cash and cash equivalents by CNY 55,276,556.73 in Q1 2021, compared to an increase of CNY 911,884.96 in Q1 2020 [36]. Operating Costs and Expenses - The gross profit margin for the quarter was impacted by a 27.90% increase in operating costs to CNY 27,995,736.31 [13]. - Total operating costs for Q1 2021 were CNY 40,901,432.62, up 22.4% from CNY 33,407,124.30 in Q1 2020 [28]. - Research and development expenses for Q1 2021 amounted to CNY 2,041,050.14, an increase of 15.4% from CNY 1,768,336.70 in Q1 2020 [28]. - The company paid CNY 27,350,742.33 for goods and services in Q1 2021, which is a significant increase from CNY 17,982,634.87 in Q1 2020, representing an increase of approximately 52.0% [35]. Shareholder Information - The number of shareholders at the end of the reporting period was 6,765 [9]. - The company has not reported any significant changes in its commitments or potential losses compared to the previous year [3].