CECO(SH:603698)2021-04-29 16:00Financial Performance - Operating revenue for the reporting period reached CNY 261,208,768.79, an increase of 536.71% year-on-year[8] - Net profit attributable to shareholders of the listed company was CNY 15,878,454.91, compared to a loss of CNY 29,239,809.39 in the same period last year[8] - Basic earnings per share were CNY 0.03, compared to a loss of CNY 0.05 per share in the same period last year[8] - The net profit for the quarter was RMB 15,878,454.91, an increase of RMB 45,118,264.30 year-on-year, driven by significant revenue growth from normal project operations[17] - Total operating revenue for Q1 2021 was CNY 261,208,768.79, a significant increase from CNY 41,024,649.97 in Q1 2020, representing a growth of approximately 536.5%[30] - Net profit for Q1 2021 reached CNY 15,878,454.91, a turnaround from a net loss of CNY 29,239,809.39 in Q1 2020[31] - The total comprehensive income for Q1 2021 was CNY 15,753,623.33, a recovery from a total comprehensive loss of CNY 27,249,769.18 in Q1 2020[34] Cash Flow - Net cash flow from operating activities was CNY 232,124,232.46, reflecting a 4.98% increase compared to the previous year[8] - Cash received from operating activities amounted to RMB 564,334,122.11, a 33.79% increase compared to the previous year, due to enhanced project fund management[17] - The cash flow from operating activities was CNY 232,124,232.46, compared to CNY 221,103,113.53 in Q1 2020, showing a slight increase of about 5.1%[36] - The total cash inflow from operating activities was CNY 578,332,297.27, compared to CNY 416,080,028.46 in Q1 2020, representing an increase of approximately 38.9%[37] - The cash outflow from operating activities totaled CNY 364,492,523.12, compared to CNY 200,354,594.17 in Q1 2020, representing an increase of approximately 82%[36] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,234,252,694.90, a decrease of 2.74% compared to the end of the previous year[8] - Total liabilities decreased from ¥1,435,054,163.35 to ¥1,300,849,241.23, a decline of about 9.34%[22] - Current liabilities decreased from ¥1,369,620,317.80 to ¥1,235,205,776.70, a reduction of approximately 9.79%[22] - The company's total assets as of March 31, 2021, were RMB 3,318,167,698.99, compared to RMB 3,416,218,173.21 at the end of 2020[19] - The company's cash and cash equivalents were RMB 1,691,208,183.14, up from RMB 1,480,199,241.59 at the end of 2020[19] Shareholder Information - The total number of shareholders at the end of the reporting period was 36,893[12] - The largest shareholder, China Academy of Launch Vehicle Technology, held 45.98% of the shares[12] Research and Development - Research and development expenses increased by 49.53% to RMB 19,770,599.12, reflecting the company's commitment to enhancing core competitiveness through increased R&D investment[15] - Research and development expenses for Q1 2021 amounted to CNY 19,770,599.12, up from CNY 13,222,195.85 in Q1 2020, reflecting an increase of approximately 49.7%[30] Management and Operational Expenses - The company reported a significant increase in management expenses by 31.68% to RMB 29,092,972.27, due to normal business operations resuming after the pandemic[15] - The company's management expenses rose to CNY 27,134,465.24 in Q1 2021, compared to CNY 20,607,030.44 in Q1 2020, reflecting an increase of about 31.5%[33] Financial Management - The company’s financial expenses decreased by RMB 2,097,220.56 to -RMB 3,987,142.90, primarily due to interest from installment payment projects[15] - The financial expenses showed a net income of CNY -3,962,073.59 in Q1 2021, compared to CNY -1,765,472.95 in Q1 2020, indicating improved financial management[33]