ETI(SZ:002005)2021-04-29 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥522,928,602.22, representing a 58.72% increase compared to ¥329,458,193.97 in the same period last year[7]. - The net profit attributable to shareholders was a loss of ¥55,921,643.17, an improvement of 29.62% from a loss of ¥79,459,405.88 in the previous year[7]. - The basic earnings per share were -¥0.0317, an improvement of 29.56% from -¥0.045 in the same period last year[7]. - The company achieved a net profit attributable to shareholders of CNY -49.65 million, a decrease of 58.30% from the previous year, primarily due to reduced profits during the reporting period[16]. - The total comprehensive income for Q1 2021 was -30,497,748.55 CNY, compared to -24,342,781.97 CNY in the same period last year, indicating a decline of approximately 25.5%[48]. Cash Flow - The net cash flow from operating activities was a negative ¥71,192,497.03, which is an 11.84% improvement compared to a negative ¥80,757,132.51 in the same period last year[7]. - Cash inflow from operating activities totaled 694,293,906.74 CNY, up from 525,828,396.82 CNY in the prior year, representing an increase of about 32.0%[51]. - The cash outflow from operating activities was 765,486,403.77 CNY, compared to 606,585,529.33 CNY last year, marking an increase of approximately 26.2%[51]. - The net cash flow from investment activities was -775,200.00 CNY, compared to -345,351.31 CNY in the previous period, indicating a decrease of approximately 124.4%[55]. - The net cash flow from financing activities was 39,579,150.21 CNY, an increase from 30,140,487.76 CNY in the previous year, reflecting a growth of approximately 31.0%[52]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,770,931,728.29, down 7.20% from ¥4,063,483,966.90 at the end of the previous year[7]. - The company's total assets decreased from CNY 9,529,057,899.22 to CNY 9,266,032,326.22[39]. - The total liabilities decreased from RMB 2,114,854,124.26 to RMB 1,886,148,710.27, a reduction of approximately 10.8%[35]. - The company's current assets decreased from RMB 1,582,540,405.89 to RMB 1,310,919,442.24, reflecting a decline of approximately 17.1%[33]. - The total liabilities also decreased from CNY 4,990,767,869.56 to CNY 4,771,821,573.52[39]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 52,439[10]. - The largest shareholder, Wuhu Dehao Investment Co., Ltd., held 16.02% of the shares, amounting to 282,781,900 shares, which are currently frozen[10]. - The company’s controlling shareholder's shares were auctioned, with 221,007,786 shares (12.52% of total shares) sold, resulting in a new major shareholder holding 20.31% of voting rights[18]. Research and Development - Research and development expenses decreased by 33.42% to RMB 10.37 million in Q1 2021 from RMB 15.57 million in Q1 2020, mainly due to reduced expenses in small appliance R&D[15]. - The company’s development expenditures rose by 74.23% to RMB 13.30 million, reflecting increased investment in small appliance R&D[15]. - Research and development expenses were CNY 10,366,262.45, down from CNY 15,569,209.21, indicating a reduction in R&D investment[42]. Regulatory and Compliance - The company received a notice from the China Securities Regulatory Commission regarding an investigation into information disclosure violations, with no final decision yet[19]. - The company has not identified any non-recurring gains or losses that should be classified as recurring[8]. Operational Changes - The company optimized its small appliance business by focusing on high-margin products like coffee machines and small motors, while considering divesting low-margin products[18]. - The company executed new leasing standards, resulting in the recognition of right-of-use assets and lease liabilities, both amounting to RMB 21.62 million[15].