ECEC(SZ:002199)2021-04-28 16:00Financial Performance - The company's revenue for Q1 2021 was ¥66,557,022.37, representing a 49.29% increase compared to ¥44,581,081.85 in the same period last year[7]. - Net profit attributable to shareholders was ¥8,166,920.29, a significant increase of 1,609.58% from a loss of ¥541,007.39 in the previous year[7]. - The net profit after deducting non-recurring gains and losses was ¥4,951,588.65, up 343.66% from a loss of ¥2,032,163.52 in the same period last year[7]. - Basic earnings per share rose to ¥0.0335, compared to a loss of ¥0.0022 in the same period last year, marking an increase of 1,622.73%[7]. - Operating revenue increased by 49.29% to ¥66,557,022.37 compared to ¥44,581,081.85 in the same period last year, driven by increased market demand for the company's products[15]. - Operating profit surged by 1,605.88% to ¥8,185,389.78, up from a loss of ¥543,561.07 in the previous year, resulting in an improved overall gross margin[15]. - The total net profit for the first quarter of 2021 was 8,166,920.29 CNY, compared to a net loss of 541,007.39 CNY in the same period last year, indicating a significant turnaround[37]. - The total profit for the first quarter was 8,166,920.29 CNY, a significant improvement from a total loss of 540,919.52 CNY in the same period last year[37]. Assets and Liabilities - The total assets at the end of the reporting period were ¥542,625,678.52, reflecting a 3.31% increase from ¥525,216,706.84 at the end of the previous year[7]. - The total assets increased to ¥542,625,678.52 as of March 31, 2021, compared to ¥525,216,706.84 at the end of 2020[28]. - Total liabilities increased to ¥45,397,691.66 from ¥49,974,206.60 in the previous quarter, indicating a decrease of 9.5%[34]. - The total liabilities increased from 120,695,252.41 RMB to 125,621,340.15 RMB, reflecting a rise of approximately 4.0%[51]. - Total equity stood at 425,982,610.99, with an accumulated deficit of -351,844,013.78[53]. Cash Flow - The cash flow from operating activities was ¥8,679,904.21, down 18.24% from ¥10,616,085.11 in the same period last year[7]. - Cash flow from operating activities showed a net increase of ¥372,521.35, a decrease of 94.63% from ¥6,936,359.79 in the previous year, primarily due to increased employee compensation and capital expenditures[17]. - The net cash flow from investment activities was negative at -¥8,307,382.86, worsening from -¥3,420,598.00 in the previous year, attributed to higher capital expenditures[17]. - The cash received from tax refunds decreased by 52.74% to ¥1,047,675.40, down from ¥2,217,041.99 in the same period last year, due to reduced export tax rebates[16]. - The cash flow from investment activities showed a net inflow of 7,622,776.32 RMB, a significant recovery from a net outflow of -1,050,000.00 RMB in the same quarter last year[48]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 22,217[10]. - The top ten shareholders held a combined 56.67% of the company's shares, with the largest shareholder owning 14.80%[10]. Research and Development - Research and development expenses rose by 45.14% to ¥4,226,919.38, reflecting higher spending on R&D materials and salaries compared to the same period last year[15]. - Research and development expenses increased to ¥4,226,919.38, a rise of 45.2% compared to ¥2,912,311.58 in Q1 2020[36]. Other Financial Metrics - The company reported non-recurring gains totaling ¥3,215,331.64, which included government subsidies and other income[8]. - The company incurred management expenses of 977,964.74 CNY, slightly down from 1,060,402.93 CNY in the previous year[40]. - Financial expenses for the first quarter were 21,518.06 CNY, compared to 1,592.93 CNY in the same period last year, indicating an increase[40]. - The company reported a credit impairment loss of 136,148.36 CNY, compared to a loss of 485,110.61 CNY in the previous year[37]. - The company has no reported violations regarding external guarantees or non-operating fund occupation by major shareholders during the reporting period[23].