ACCELINK(SZ:002281)2021-04-22 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥1,510,465,003.83, representing a 105.86% increase compared to ¥733,738,740.69 in the same period last year[3]. - The net profit attributable to shareholders was ¥131,669,342.94, a significant increase of 2,488.26% from a loss of ¥5,513,189.65 in the previous year[3]. - Basic earnings per share reached ¥0.20, compared to a loss of ¥0.01 per share in the same period last year, marking a 2,100.00% increase[3]. - The company reported a net profit for Q1 2021 of CNY 122,810,690.92, a turnaround from a net loss of CNY 13,297,385.18 in Q1 2020[30]. - The company's total comprehensive income for the quarter was CNY 149,142,538.40, a recovery from a loss of CNY 49,349,639.84 in the same quarter last year, reflecting overall financial health improvement[34]. Cash Flow - The net cash flow from operating activities was ¥311,783,959.09, up 24.63% from ¥250,158,465.04 in the same period last year[3]. - Cash flow from operating activities generated a net amount of CNY 311,783,959.09, up from 250,158,465.04 in the first quarter of 2020, reflecting enhanced cash generation capabilities[36]. - The cash flow from financing activities showed a net increase of ¥68,567,969.68, compared to a net outflow of -¥13,078,764.00 in the same quarter last year[39]. - The company received tax refunds amounting to CNY 36,951,397.10, compared to CNY 17,471,645.62 in the previous year, contributing positively to cash flow[36]. Assets and Liabilities - Total assets at the end of the reporting period were ¥9,104,672,669.30, a 6.43% increase from ¥8,554,641,008.78 at the end of the previous year[3]. - Current liabilities totaled CNY 3,439,455,058.96, an increase from CNY 3,161,722,990.74, reflecting a rise of about 8.77%[24]. - The total liabilities amounted to CNY 3,894,737,388.15, up from CNY 3,543,412,819.65, reflecting an increase of approximately 9.92%[24]. - The company's total equity reached CNY 5,209,935,281.15, compared to CNY 5,011,228,189.13, indicating a growth of about 3.95%[25]. Investment and Expenses - Research and development expenses rose by 34.60% to CNY 95,236,786.91, reflecting increased investment in R&D[10]. - The company completed 81.60% of its promised investment in the high-speed optical transceiver module capacity expansion project, with a total investment of ¥15,096.53 million as of March 31, 2021[17]. - Operating costs increased by 91.47% to CNY 1,147,821,974.25 from CNY 599,483,090.79, primarily due to the increase in revenue[10]. - The company incurred an asset impairment loss of CNY 25,335,802.41, which was higher than the CNY 10,500,000.00 recorded in the same period last year, indicating challenges in asset valuation[33]. Shareholder Information - The top shareholder, Fenghuo Technology Group Co., Ltd., holds 41.77% of the shares, totaling 291,478,944 shares[6]. - The company reported a total of 72,885 common shareholders at the end of the reporting period[6]. - There were no agreements for repurchase transactions among the top 10 shareholders during the reporting period[8]. Regulatory and Compliance - The company has committed to ensuring the independence of operations and protecting minority shareholders' interests post-transaction completion[15]. - The company has not reported any significant changes in expected operating performance for the first half of 2021[18]. - The company has implemented new leasing standards starting from 2021, which may affect future financial reporting and asset valuations[40]. - There were no violations regarding external guarantees during the reporting period[19].