SMTC(SH:900927)2021-04-29 16:00Financial Performance - Operating revenue increased by 54.18% to CNY 1,210,597,667.64 year-on-year[5] - Net profit attributable to shareholders was CNY 9,428,992.99, a significant recovery from a loss of CNY 3,578,855.33 in the same period last year[5] - Basic and diluted earnings per share improved to CNY 0.0190 from a loss of CNY 0.0072 in the previous year[5] - Total operating revenue for Q1 2021 reached ¥1,210,597,667.64, a significant increase of 54.2% compared to ¥785,201,236.36 in Q1 2020[24] - Net profit for Q1 2021 was ¥10,449,224.05, a turnaround from a net loss of ¥2,890,607.17 in Q1 2020[25] - Earnings per share for Q1 2021 were ¥0.0190, compared to a loss per share of ¥0.0072 in Q1 2020[26] - The company reported a total comprehensive income of ¥9,538,649.58 for Q1 2021, compared to a loss of ¥4,237,421.35 in Q1 2020[26] - Operating profit for Q1 2021 was ¥12,201,203.72, recovering from an operating loss of ¥4,689,627.82 in Q1 2020[25] - The company reported a total comprehensive income of -2,584,401.67 RMB in Q1 2021, compared to -4,322,798.55 RMB in Q1 2020, showing a reduction in losses[30] Cash Flow and Liquidity - Net cash flow from operating activities decreased by 22.14% to -CNY 275,493,677.48 compared to the previous year[5] - The total cash inflow from operating activities was 1,426,359,291.88 RMB, up from 1,146,400,907.10 RMB in the same period last year, representing an increase of about 24.5%[31] - The cash outflow from operating activities increased to 1,701,852,969.36 RMB in Q1 2021, compared to 1,371,961,481.48 RMB in Q1 2020, marking a rise of approximately 24%[32] - The company’s cash flow from financing activities showed a net inflow of 6,072,887.95 RMB in Q1 2021, a significant decrease from 153,747,864.06 RMB in Q1 2020[32] - The cash and cash equivalents at the end of Q1 2021 stood at 375,936,472.20 RMB, an increase from 250,864,833.93 RMB at the end of Q1 2020[32] Assets and Liabilities - Total assets decreased by 19.03% to CNY 1,775,003,519.70 compared to the end of the previous year[5] - Current liabilities decreased from ¥1,256,706,796.29 to ¥660,943,534.16, a reduction of about 47%[20] - Non-current liabilities increased from ¥92,520,828.98 to ¥261,580,128.37, an increase of approximately 183%[20] - Total liabilities decreased from ¥1,349,227,625.27 to ¥922,523,662.53, a decline of around 32%[20] - Owner's equity increased from ¥842,977,789.51 to ¥852,479,857.17, an increase of about 1.5%[20] - Cash and cash equivalents decreased by 52.09% to ¥426,063,371.78 from ¥889,238,569.34 due to the maturity of notes payable[12] - Inventory decreased from ¥330,412,174.48 to ¥280,977,590.41, a decline of approximately 15%[19] Operating Costs and Expenses - Operating costs rose by 54.07% to ¥1,126,935,434.66, reflecting the increase in sales[12] - Tax and additional charges increased by 80.21% to ¥2,522,258.82, correlating with the rise in sales revenue[12] - The company reported a significant increase in sales expenses by 30.54% to ¥26,936,667.45, mainly due to higher marketing costs[12] - The company’s financial expenses rose by 65.86% to ¥813,324.25, primarily due to interest expenses from lease liabilities[12] - Tax expenses for Q1 2021 were ¥4,542,477.23, compared to ¥1,151,506.71 in Q1 2020, indicating a substantial increase in tax obligations[25] Shareholder Information - The total number of shareholders reached 38,863, with 25,697 holding A shares and 13,166 holding B shares[10] - The largest shareholder, Bailian Group Co., Ltd., holds 48.10% of the shares, totaling 238,575,962 shares[10] Non-Recurring Items - Non-recurring gains and losses amounted to CNY 2,332,526.10 for the period[8] - The company reported a government subsidy of CNY 3,871,136.80 included in the non-recurring gains[8]