TORCH ELECTRON(SH:603678)2021-04-27 16:00Financial Performance - Net profit attributable to shareholders increased by 276.68% to CNY 258,171,759.00 year-on-year[18] - Operating revenue rose by 90.68% to CNY 1,153,374,099.02 compared to the same period last year[18] - Basic earnings per share increased by 273.33% to CNY 0.56[18] - The company's operating revenue for Q1 2021 was approximately ¥343.59 million, a significant increase of 151.5% compared to ¥136.52 million in Q1 2020[61] - The net profit attributable to the parent company for Q1 2021 was approximately ¥258.17 million, up 276.5% from ¥68.54 million in Q1 2020[57] - The total comprehensive income for Q1 2021 was approximately ¥262.57 million, compared to ¥70.67 million in Q1 2020, marking an increase of 271.5%[57] - The total profit for Q1 2021 was approximately ¥224.64 million, compared to ¥43.80 million in Q1 2020, representing an increase of 413.5%[61] Cash Flow - Net cash flow from operating activities surged by 98.49% to CNY 30,039,063.12 year-on-year[18] - Cash received from operating activities rose by 37.05% to CNY 1,088,014,353.37, reflecting growth in business scale[27] - The company's cash inflow from operating activities in Q1 2021 was approximately ¥1.11 billion, compared to ¥795.84 million in Q1 2020, indicating a growth of 39.4%[63] - Cash inflow from operating activities was $247,893,921.85, a substantial rise from $129,339,572.09 in the previous period, indicating an increase of 91.5%[71] - The net cash flow from financing activities was $44,131,672.26, compared to $18,082,779.84 in the previous period, marking an increase of 143.5%[66] Assets and Liabilities - Total assets increased by 3.71% to CNY 6,154,144,075.41 compared to the end of the previous year[18] - Current assets totaled ¥4,354,763,935.35, up from ¥4,181,541,816.77, indicating an increase of about 4.13%[39] - Total liabilities decreased slightly to ¥1,897,881,837.21 from ¥1,910,379,007.30, a reduction of approximately 0.25%[44] - The company's equity attributable to shareholders increased to ¥4,130,203,075.68 from ¥3,900,301,446.53, marking a growth of about 5.89%[44] - Total liabilities decreased to ¥794,387,378.86 from ¥850,988,813.68, indicating a reduction of 6.6%[50] Shareholder Information - The number of shareholders reached 27,193 at the end of the reporting period[20] - The company has not reported any preferred shareholders as of the end of the reporting period[23] Research and Development - Research and development expenses rose by 79.34% to CNY 15,043,142.21, reflecting increased investment in R&D[27] - Research and development expenses increased to ¥15,043,142.21 in Q1 2021 from ¥8,388,127.43 in Q1 2020, marking an increase of 79.5%[55] - Research and development expenses for Q1 2021 were approximately ¥10.00 million, which is a 139.5% increase from ¥4.18 million in Q1 2020[61] Other Income and Expenses - Other income increased by 609.92% to CNY 6,511,448.89, mainly due to an increase in government subsidies received[27] - The company reported a significant increase in tax expenses, up 245.58% to CNY 54,638,108.61, attributed to increased profitability[27] - Financial expenses decreased by 86.55% to CNY 804,023.48, primarily due to interest income from fixed deposits[27] Future Plans - The company plans to establish a wholly-owned subsidiary with a registered capital of CNY 50 million to support future development and strategic layout[35] - The company intends to use CNY 40 million of its own funds to participate in the bidding for land use rights to address current land shortages for production and storage needs[35]