ECT(SZ:300679)2021-04-27 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥815,945,679.85, representing a 77.05% increase compared to ¥460,866,898.07 in the same period last year[9]. - Net profit attributable to shareholders was ¥102,507,868.26, a significant increase of 479.04% from ¥17,703,112.92 year-on-year[9]. - The net profit after deducting non-recurring gains and losses reached ¥96,707,897.72, up 658.59% from ¥12,748,311.13 in the previous year[9]. - Basic and diluted earnings per share were both ¥0.37, reflecting a 516.67% increase from ¥0.06 in the previous year[9]. - The company reported a net profit of CNY 1.31 billion, up from CNY 1.21 billion, indicating a growth of approximately 6.6% in retained earnings[59]. - The total comprehensive income for the first quarter was CNY 101,806,861.78, compared to CNY 22,239,690.66 in the same period last year[75]. - The operating profit for the first quarter was CNY 119,912,380.17, up from CNY 27,721,196.22, marking an increase of approximately 333%[75]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥121,259,931.67, showing a 6.58% increase from ¥113,774,087.89 in the same period last year[9]. - Cash and cash equivalents increased by 58.04% to CNY 1,819,287,962.98 from CNY 1,151,187,018.15 year-over-year[22]. - Cash received from sales and services increased by 35.87% year-on-year to approximately ¥814.06 million, driven by significant sales growth[28]. - The company reported a total operating cash inflow of CNY 871,596,789.60, up from CNY 615,877,114.69 in the previous year[80]. - Cash and cash equivalents at the end of the period totaled ¥1,672,973,545.64, an increase from ¥1,023,097,847.15, marking a growth of 63.6%[86]. Assets and Liabilities - The total assets at the end of the reporting period were ¥4,926,050,138.47, an increase of 4.57% from ¥4,710,805,678.74 at the end of the previous year[9]. - The total liabilities increased to approximately CNY 1.16 billion from CNY 1.06 billion, representing a rise of about 9.3%[57]. - The company's equity attributable to shareholders rose to approximately CNY 3.68 billion from CNY 3.57 billion, an increase of about 3.1%[59]. - The total current liabilities were ¥847,938,528.48, with accounts payable at ¥439,283,412.65[97]. - The company’s total liabilities and equity amounted to ¥4,466,480,992.98, showing a balanced financial structure[97]. Investments and R&D - The company plans to continue investing in R&D to maintain competitiveness in the rapidly evolving 5G market[36]. - Research and development expenses for Q1 2021 amounted to CNY 67,338,367.11, up from CNY 56,676,010.72, reflecting a year-over-year increase of 18.8%[66]. - The cumulative amount of raised funds invested in projects is 71,273.8 million yuan, with a total of 9,141.43 million yuan invested in the current quarter[39]. Customer Dynamics - The top five customers accounted for 39.44% of total sales, down from 52.87% in the previous year, indicating a shift in customer dynamics[31]. Project Updates - The project for increasing capital in Hefei Electric Link for connector industry base construction has been delayed to December 31, 2022, due to stricter verification and reliability requirements[42]. - The Shenzhen headquarters production base technical transformation and capacity expansion project has also been postponed to December 31, 2022, due to increased demand for 5G product development[45]. - The 5G high-performance materials RF and interconnection system industry base project has a projected completion date of December 31, 2023, with an investment amount of 82,383 million yuan[43]. Compliance and Governance - The company has not experienced any overdue commitments from actual controllers, shareholders, or related parties during the reporting period[38]. - There are no violations regarding external guarantees during the reporting period[47]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[48].