Etrol(SZ:300370)2021-04-22 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥67,930,650.71, representing a 45.55% increase compared to ¥46,672,878.16 in the same period last year[8] - The net profit attributable to shareholders was -¥52,231,890.40, showing a slight improvement of 0.54% from -¥52,514,214.12 year-on-year[8] - The basic and diluted earnings per share were both -¥0.0546, an improvement of 0.55% from -¥0.0549 in the same period last year[8] - The total operating revenue for Q1 2021 was CNY 67,930,650.71, an increase of 45.4% compared to CNY 46,672,878.16 in the same period last year[51] - Net profit attributable to shareholders of the parent company was CNY -52,231,890.40, compared to CNY -52,514,214.12 in Q1 2020, showing a slight improvement[53] - The total comprehensive income for the period was CNY -55,798,021.67, compared to CNY -55,967,950.36 in the previous year[53] - The company's total profit for the period was CNY -62,406,569.33, compared to CNY -59,154,923.92 in Q1 2020, reflecting ongoing challenges[52] Cash Flow and Liquidity - The net cash flow from operating activities was -¥17,526,108.52, a decrease of 6.78% compared to -¥16,414,005.99 in the previous year[8] - The company's current assets at the end of the period were 1,460.98 million yuan, which is lower than current liabilities of 2,171.00 million yuan, indicating significant liquidity pressure[26] - The company experienced a net cash inflow from operating activities of CNY 255,148,164.35, slightly up from CNY 250,277,201.28 in the same period last year[58] - Cash inflow from financing activities totaled 155,972,100.99 CNY, significantly higher than 27,810,000.00 CNY in the previous period, reflecting a strong financing position[60] - The cash inflow from operating activities was 99,502,701.46 CNY, significantly higher than 42,326,872.73 CNY in the previous period, indicating improved operational performance[62] - The company reported a cash flow net increase of 2,494,994.06 CNY, contrasting with a decrease of -71,525,003.61 CNY in the previous period, indicating a recovery in cash position[60] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,886,433,938.17, down 2.72% from ¥2,967,279,602.47 at the end of the previous year[8] - The total liabilities amounted to CNY 2,427,274,960.31, slightly down from CNY 2,452,352,008.53 at the end of 2020, representing a decrease of 1.0%[47] - The total equity attributable to shareholders of the parent company was CNY 374,147,574.21, down from CNY 426,345,796.07, a decrease of 12.2%[47] - The company's total current liabilities were CNY 2,171,000,486.57, a slight decrease from CNY 2,200,563,404.91, representing a decline of 1.4%[46] Shareholder Information - The total number of shareholders at the end of the reporting period was 55,722[12] - The largest shareholder, Yu Ling, holds 14.48% of the shares, amounting to 138,622,929 shares[12] Operational Insights - The company is actively working on relocating its main operations to Yibin to enhance local industrial collaboration[23] - The company plans to continue focusing on its core business to ensure steady growth and effective implementation of development tasks[23] - The company is focusing on technological innovation in industrial internet and control security, collaborating with educational institutions and enterprises to ensure continuous innovation capability[28] - The company is actively monitoring changes in the operating environment and policies to adapt its market and product strategies accordingly[25] Investment and Projects - The total amount of raised funds for the quarter is RMB 52,944.04 million[33] - The cumulative amount of raised funds used is RMB 52,944.04 million, with a usage ratio of 0.00%[33] - The RTU product industrialization project has a committed benefit of RMB 50.20 million, but only RMB 3.34 million was realized in Q1 2021 due to seasonal business impacts[34] - The total investment for the Hangzhou Smart Industrial Park project was initially budgeted at RMB 386.38 million, but actual investment has reached RMB 310.02 million, exceeding the original budget[34] - The company has agreed to extend the expected usable status date for the Hangzhou Smart Industrial Park project to December 31, 2021, due to various delays[35] Risk Management - The company has outlined measures to address potential risks from the cyclical nature of the oil industry and the uncertainty in international oil prices[25] - The company has not reported any overdue commitments from its actual controllers, shareholders, or related parties during the reporting period[30] - The company has no violations regarding external guarantees during the reporting period[38] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[39]