Elite Color(SZ:002998)2021-04-19 16:00Revenue and Profitability - The company's revenue for Q1 2021 was CNY 319,181,373.73, representing a 30.31% increase compared to CNY 244,946,721.40 in the same period last year[7] - Net profit attributable to shareholders reached CNY 39,056,786.18, a significant increase of 1,060.63% from CNY 3,365,141.58 year-over-year[7] - The net profit after deducting non-recurring gains and losses was CNY 36,700,207.45, up 714.75% from CNY 4,504,473.89 in the previous year[7] - The basic earnings per share increased to CNY 0.12, reflecting a 1,100.00% rise from CNY 0.01 in the same quarter last year[7] - Operating profit increased by 733.23% to ¥46,014,479.51, driven by the recovery of domestic operations[16] - The total comprehensive income for the current period was ¥39,056,786.18, compared to ¥3,365,141.58 in the previous period, indicating a growth of approximately 1,058.5%[41] Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,578,238,991.39, a decrease of 4.03% from CNY 1,644,471,537.21 at the end of the previous year[7] - The net assets attributable to shareholders increased by 2.48% to CNY 1,437,889,785.52 from CNY 1,403,086,504.66 at the end of the last year[7] - Total liabilities decreased to CNY 140,349,205.87 from CNY 241,385,032.55, a reduction of approximately 41.9%[32] - The company's total assets as of March 31, 2021, were CNY 1,578,238,991.39, down from CNY 1,644,471,537.21, indicating a decrease of about 4.0%[33] - The non-current assets increased to CNY 942,116,707.13 from CNY 861,591,780.24, an increase of approximately 9.3%[31] Cash Flow - The net cash flow from operating activities improved by 21.91%, reaching CNY -130,412,425.85 compared to CNY -167,005,213.16 in the same period last year[7] - The cash inflow from operating activities was CNY 271,677,282.24, compared to CNY 151,637,499.57 in the previous period, showing a significant increase[47] - The cash inflow from investment activities totaled CNY 230,121,196.42, while cash outflow was CNY 196,258,471.24, resulting in a net cash inflow of CNY 33,862,725.18[48] - The cash outflow for financing activities was CNY 70,232,750.00, compared to CNY 48,788,187.10 in the previous period, indicating increased financing costs[49] - The net increase in cash and cash equivalents was CNY -166,613,663.55, compared to CNY -228,085,046.75 in the prior period, reflecting improved cash management[49] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 35,056[11] - The total owner's equity increased to CNY 1,437,889,785.52 from CNY 1,403,086,504.66, reflecting a growth of approximately 2.5%[33] Operational Performance - Revenue increased by 30.31% to ¥319,181,373.73 as domestic COVID-19 impacts were controlled, leading to a recovery in sales[16] - Net profit surged by 1060.63% to ¥39,056,786.18, reflecting improved operational conditions and sales recovery[16] - Other income grew by 131.60% to ¥5,344,790.80, due to increased tax refunds and government subsidies[15] - The company reported a significant increase in accounts receivable by 112.36% to ¥144,396,368.79, reflecting improved sales collection practices[15] Investment Activities - The company invested ¥5,959.94 million in fundraising projects during the reporting period, with a total of ¥28,848.33 million invested to date[20] - The cash flow from investment activities improved by 375.35% to ¥33,862,725.18, primarily due to the maturity of structured deposits[16] - The company received CNY 228,900,000.00 from investment recoveries, contributing to the positive cash flow from investment activities[52] Cost Management - Total operating costs amounted to ¥277,246,121.38, up from ¥235,680,490.97, indicating an increase of about 17.6%[39] - Research and development expenses decreased to ¥3,944,625.62 from ¥6,298,838.92, a reduction of approximately 37.5%[39]