ALAE(SZ:300585)2021-04-25 16:00Financial Performance - Revenue for Q1 2021 reached ¥115,346,520.02, an increase of 47.57% compared to ¥78,163,116.66 in the same period last year[9] - Net profit attributable to shareholders was ¥13,792,419.90, representing a significant increase of 294.63% from ¥3,495,013.82 year-on-year[9] - Net profit excluding non-recurring items was ¥13,621,284.62, up 409.75% from ¥2,672,146.03 in the previous year[9] - Basic earnings per share rose to ¥0.0862, a 295.41% increase compared to ¥0.0218 in the same period last year[9] - Operating profit for the quarter reached CNY 13,033,669.78, up from CNY 2,829,822.25 in the same period last year, indicating strong operational performance[46] - Net profit for the first quarter was CNY 12,030,104.14, compared to CNY 4,239,210.57 in the previous year, reflecting a year-over-year growth of approximately 184%[46] - Total comprehensive income for the quarter was CNY 9,508,872.58, compared to CNY 4,436,777.01 in the previous period, showing a substantial improvement[47] Assets and Liabilities - Total assets at the end of the reporting period were ¥880,042,823.17, reflecting a 3.23% increase from ¥852,499,950.15 at the end of the previous year[9] - The total liabilities increased to CNY 321,104,166.97 from CNY 306,924,085.07, reflecting a rise in short-term borrowings and accounts payable[34] - The company's total non-current assets reached CNY 442,067,510.80, slightly up from CNY 440,033,895.05[34] - The company's equity attributable to shareholders increased to CNY 549,418,650.75 from CNY 535,781,598.30, indicating growth in shareholder value[35] Cash Flow - The net cash flow from operating activities was negative at -¥6,540,529.84, a decline of 161.71% compared to ¥10,599,038.66 in the same period last year[9] - The cash inflow from sales of goods and services was 47,647,785.21, an increase from 43,066,785.46 in the previous period[49] - The cash inflow from investment activities was 4,248,400.00, significantly higher than 77,616.95 in the previous period[51] - The net cash flow from financing activities was 9,461,046.59, compared to 777,713.29 in the previous period[51] Investments and Projects - The company has accumulated a total investment of CNY 4,789.66 million in the "annual production of 1 million automatic transmission controllers" project, with a planned investment of CNY 5,744.75 million, indicating a completion rate of about 83.5%[24] - The company plans to permanently supplement working capital with CNY 1,295.71 million of surplus funds from the "annual production of 300 million electronic throttle assembly" project, which has reached its intended usable state[24] - The company has established a provincial-level engineering technology research center, enhancing its R&D capabilities significantly[22] - The company aims to expand its liquidity to mitigate risks after reallocating the remaining fundraising to working capital[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,524[12] - The company received government subsidies amounting to ¥171,000 during the reporting period[10] Operational Efficiency - The company reported a credit impairment loss of CNY -958,223.40, compared to CNY -1,780,791.10 in the previous year, suggesting improved credit quality[46] - The company has effectively managed and disclosed the use of raised funds, ensuring compliance with regulations and no violations reported during the period[24] - The company has made adjustments to project specifications and standards to improve process levels and efficiency[22]