ERA(SZ:002641)2021-04-26 16:00Financial Performance - The company's operating revenue for Q1 2021 was CNY 1,581,003,822.85, representing an increase of 86.56% compared to the same period last year[10]. - The net profit attributable to shareholders was CNY 75,076,762.68, up 98.32% year-on-year[10]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 64,248,202.41, reflecting a significant increase of 181.48% compared to the previous year[10]. - Basic and diluted earnings per share both increased to CNY 0.06, marking a 100% rise from CNY 0.03 in the same period last year[10]. - Revenue increased by 86.56% year-on-year, primarily due to increased sales volume and a low comparative base from the previous pandemic-affected period[26]. - Net profit grew by 98.32% year-on-year, driven by increased revenue and a low comparative base from the previous pandemic-affected period[26]. - The company reported a total comprehensive income of CNY 72,245,160.73, up from CNY 30,999,875.75, representing an increase of approximately 133.3%[82]. Cash Flow - The net cash flow from operating activities reached CNY 318,976,106.30, a remarkable increase of 454.07% year-on-year[10]. - Cash flow from operating activities increased by 454.07% year-on-year, mainly due to higher cash receipts from sales[29]. - The cash flow from investing activities shows a net inflow of CNY 38,383,686.40, recovering from a net outflow of CNY 59,963,861.04 in the previous period[95]. - The ending balance of cash and cash equivalents increased to ¥1,066,817,182.88 from ¥908,641,649.41, marking a rise of 17.4%[101]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 8,355,118,285.20, an increase of 10.66% from the end of the previous year[10]. - The total amount of shares repurchased by the company was RMB 81,204,021.23, and the repurchase plan has been fully implemented as of March 23, 2021[33]. - Total liabilities reached ¥3,660,979,614.03, up from ¥2,849,811,407.14, marking a growth of around 28.43%[65]. - Current liabilities rose to ¥3,458,343,986.37, compared to ¥2,678,045,678.20, indicating an increase of approximately 29.05%[65]. - The company's total liabilities increased to CNY 2,323,886,467.35 from CNY 1,739,189,884.02, marking a rise of about 33.5%[74]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 29,981, with the largest shareholder holding 37.66% of the shares[15]. - The company has not reclassified any non-recurring gains as regular gains during the reporting period[14]. - The company has strict compliance with commitments regarding related party transactions and competition, ensuring no harm to shareholders' rights[36]. Investments and Projects - The company has initiated two projects: an 80,000-ton new composite material plastic pipeline project in Hunan and a 50,000-ton high-performance pipeline project in Zhejiang, both of which have commenced trial production[48]. - The company has invested RMB 516.51 million of the raised funds, with an interest income of RMB 5.56 million, leaving a balance of RMB 180.61 million[47]. Research and Development - Research and development expenses rose to CNY 59,532,147.85, compared to CNY 34,400,608.79 in the previous year, reflecting an increase of about 73.2%[77]. Compliance and Commitments - The company has made commitments to compensate for any losses incurred due to government actions affecting its subsidiaries, with commitments made as early as August 30, 2010[33]. - The company has a long-term commitment to adhere to social security and housing fund regulations, ensuring compliance with relevant laws[36]. - The company reported no overdue commitments during the reporting period[36].