AECC AEC(000738)2021-04-26 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥919,956,822.12, representing a 29.67% increase compared to ¥709,459,132.20 in the same period last year[3] - The net profit attributable to shareholders for Q1 2021 was ¥133,477,265.35, a 45.91% increase from ¥91,479,524.33 in the previous year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥128,014,684.24, reflecting a 67.10% increase from ¥76,609,863.35 year-on-year[3] - The basic earnings per share for Q1 2021 was ¥0.1165, up 45.99% from ¥0.0798 in the same period last year[3] - The company reported a net cash flow from operating activities of -¥232,248,239.00, compared to -¥173,030,224.02 in the same period last year[3] - The company reported a total profit of CNY 172,215,701.69 for Q1 2021, compared to CNY 112,095,703.93 in Q1 2020, marking a 53.7% increase[28] - The net profit for the first quarter of 2021 was CNY 178,508,283.67, compared to CNY 93,885,052.55 in the same period last year, representing an increase of approximately 90.3%[31] - Operating income for the first quarter was CNY 178,508,283.67, up from CNY 93,885,482.55, indicating a significant growth in operational performance[31] Assets and Liabilities - The total assets at the end of the reporting period were ¥9,039,440,944.12, a 2.40% increase from ¥8,827,606,580.80 at the end of the previous year[3] - The net assets attributable to shareholders at the end of the reporting period were ¥6,138,883,370.00, an increase of 2.27% from ¥6,002,585,921.99 at the end of the previous year[3] - Total liabilities included lease liabilities of CNY 4,371.02 million, reflecting the application of new leasing standards[11] - The company's total liabilities reached CNY 2,495,151,095.01, compared to CNY 2,418,315,930.42, marking an increase of around 3.19%[22] - The total liabilities rose from CNY 2,418,315,930.42 to CNY 2,480,086,608.89, indicating an increase of CNY 61,770,678.47[41] Cash Flow - The company reported cash inflow from other operating activities of CNY 19,396,695.51, down from CNY 79,206,429.51 in the previous year, indicating a decline in ancillary revenue sources[33] - Cash flow from operating activities showed a net outflow of CNY -232,248,239.00, compared to CNY -173,030,224.02 in the previous year, reflecting increased operational costs[34] - Total cash inflow from operating activities was CNY 488,948,614.54, while cash outflow was CNY 721,196,853.54, leading to a negative cash flow situation[34] - The company's cash and cash equivalents decreased to CNY 1,568,005.72 million from CNY 1,811,483.23 million, indicating a decline in liquidity[20] - The company's cash and cash equivalents decreased slightly to CNY 195,769,132.09 from CNY 198,363,854.80, a decline of about 1.50%[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 105,659[6] - The total equity attributable to shareholders rose to CNY 6,138,883,370.00 from CNY 6,002,585,921.99, indicating an increase of approximately 2.26%[23] Government Subsidies and Other Income - The company received government subsidies amounting to ¥6,745,475.81 during the reporting period[4] - The company recorded a 57.83% decrease in other income, down to CNY 674.55 million, primarily due to reduced government subsidies received[11] Employee Compensation - The company reported a 66.45% increase in employee compensation payable, amounting to CNY 18,254.54 million, attributed to accrued salary expenses[11] - The company reported an increase in employee compensation liabilities to CNY 182,545,350.09 from CNY 109,672,766.16, a significant rise of approximately 66.24%[22] Research and Development - Research and development expenses for Q1 2021 were CNY 58,450,480.06, an increase of 15.5% from CNY 50,487,060.88 in Q1 2020[27] - The company is focusing on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[30] Investment Activities - Investment activities resulted in a net cash outflow of CNY -67,471,558.90, compared to CNY -61,149,491.00 in the previous year, highlighting ongoing investments in growth initiatives[34] - The company has ongoing projects in construction with an investment of CNY 266,077,474.88, up from CNY 218,227,456.80, reflecting an increase of about 21.93%[23] Audit and Compliance - The first quarter report has not been audited[44] - The company has made adjustments to prior comparative data due to the new leasing standards effective from 2021[44]