Sunrise(SZ:300360)2021-04-26 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥213,507,535.12, representing a 39.55% increase compared to ¥153,001,949.13 in the same period last year[8]. - Net profit attributable to shareholders was ¥61,049,567.32, up 23.05% from ¥49,614,667.86 year-on-year[8]. - The net profit after deducting non-recurring gains and losses reached ¥68,943,600.67, marking a significant increase of 51.53% compared to ¥45,498,260.59 in the previous year[8]. - The basic earnings per share increased to ¥0.12, a rise of 20.00% from ¥0.10 in the same period last year[8]. - The company reported a revenue of 1.5 billion CNY in Q1 2021, representing a year-over-year growth of 20%[38]. - The total comprehensive income for Q1 2021 was CNY 59,522,981.33, compared to CNY 50,586,291.65 in the same period last year, indicating a growth of 17.3%[89]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥2,878,276,114.57, a decrease of 1.71% from ¥2,928,398,665.18 at the end of the previous year[8]. - Total current assets decreased from ¥2,306,049,965.62 to ¥2,191,129,087.43, a decline of approximately 5%[69]. - Total liabilities decreased from ¥512,324,226.26 to ¥398,343,694.32, a reduction of about 22.2%[75]. - Total equity increased from ¥2,416,074,438.92 to ¥2,479,932,420.25, an increase of approximately 2.6%[78]. Cash Flow - The net cash flow from operating activities was negative at -¥38,270,819.29, a decline of 401.50% compared to -¥7,631,255.69 in the same period last year[8]. - The cash inflow from operating activities is 176,166,422.29, down from 218,729,727.04 in the previous period, reflecting a decrease of approximately 19.5%[105]. - The cash outflow from investment activities is 223,154,541.06, compared to 106,753,237.29 in the previous period, indicating an increase of about 109.5%[105]. - The net cash flow from investment activities is -183,434,827.52, worsening from -27,936,597.07 in the previous period[105]. Research and Development - Research and development expenses increased by 2.83 million yuan, a rise of 33% year-on-year, reflecting increased investment in R&D[20]. - Research and development expenses for Q1 2021 were CNY 11,413,952.90, up from CNY 8,581,957.84, marking a 33.5% increase year-over-year[86]. - The company is developing a non-invasive home energy monitoring smart meter based on public energy measurement IoT, which is progressing well and is expected to enhance core competitiveness[26]. Market Strategy and Growth - The company expects a revenue growth of 25% for the next quarter, projecting a total revenue of 1.875 billion CNY[38]. - New product launches are anticipated to contribute an additional 300 million CNY in revenue by the end of Q2 2021[38]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2021[38]. - The company plans to acquire a smaller competitor, which is expected to enhance its product offerings and increase market share by 5%[38]. Compliance and Governance - The company has committed to maintaining transparency and compliance with regulatory requirements, ensuring investor protection[38]. - The management team has pledged to uphold corporate governance standards and protect shareholder interests[38]. - The company has not encountered any significant changes in project feasibility during the reporting period[61]. Investment and Funding - The total amount of raised funds is 62,935.47 million RMB, with 32,438.12 million RMB already invested[58]. - The investment progress for the "Energy Demand Side IoT Information Platform Construction Project" is 50.71%, with 6,224.56 million RMB invested out of 12,274.99 million RMB committed[58]. - The company plans to use up to 150 million RMB of temporarily idle raised funds for cash management, with 73 million RMB already invested in wealth management products[63].