LSKJ(SZ:300680)2021-04-28 16:00Financial Performance - The company's revenue for Q1 2021 was ¥200,676,921.66, representing a 140.10% increase compared to ¥83,579,462.94 in the same period last year[8] - Net profit attributable to shareholders reached ¥21,290,792.04, a significant increase of 735.25% from ¥2,549,020.69 in the previous year[8] - The net profit after deducting non-recurring gains and losses was ¥21,181,686.70, up 548.34% from ¥3,267,076.49 year-on-year[8] - The basic earnings per share increased to ¥0.1477, reflecting a growth of 330.61% compared to ¥0.0343 in the same period last year[8] - Total operating revenue for Q1 2021 reached CNY 200,676,921.66, a significant increase of 139.9% compared to CNY 83,579,462.94 in the same period last year[59] - The company reported a total profit of CNY 24,859,139.55 for Q1 2021, compared to CNY 3,048,863.07 in Q1 2020, indicating an increase of approximately 715.5%[61] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,476,036,887.33, a 6.12% increase from ¥1,390,877,871.77 at the end of the previous year[8] - The total liabilities increased to CNY 755,067,649.80, up from CNY 685,178,338.17, reflecting a growth of approximately 10.2%[51] - The company's cash and cash equivalents decreased by 48.57% to ¥42,341,575.81, primarily due to increased payments for material procurement[20] - The company's total assets amounted to CNY 1,476,036,887.33, an increase from CNY 1,390,877,871.77 at the end of 2020, reflecting a growth of approximately 6.1%[51] Shareholder Information - The company had a total of 8,133 common shareholders at the end of the reporting period[12] - The largest shareholder, 倪茂生, held 24.33% of the shares, amounting to 35,083,580 shares, with 28,061,910 shares pledged[12] - The company plans to release 25% of the restricted shares held by executives annually based on the previous year's end holdings[16] - The company has committed to fulfilling its information disclosure obligations accurately and timely[34] Cash Flow - The net cash flow from operating activities was -¥9,145,300.51, a deterioration of 329.63% compared to -¥2,128,628.99 in the same period last year[8] - The company's operating cash flow for Q1 2021 was -6,649,466.24 CNY, an improvement from -12,190,078.49 CNY in the same period last year, indicating a 45.5% reduction in cash outflow[72] - Total cash inflow from operating activities was 41,538,922.68 CNY, compared to 15,847,737.53 CNY in Q1 2020, representing a 162.5% increase[72] Investment and R&D - Research and development expenses increased by 73.16% to ¥8,477,452.70, due to new projects and increased investment in R&D[20] - The company is investing in R&D, with a budget allocation of 5 million for new technology development aimed at enhancing product features[38] - The project for electric motor cores for new energy vehicles has a total investment of CNY 16,416 million, with CNY 7,716 million invested by the end of the reporting period[42] Future Outlook - The company plans to deepen its focus on EGR systems, anticipating explosive growth following the implementation of the National VI emission standards on July 1, 2021[22] - The company provided a positive outlook for the next quarter, projecting a revenue increase of 20% based on current market trends[36] - New product launches are expected to contribute an additional 10% to revenue in the upcoming quarter[37] Compliance and Governance - The company has committed to avoiding related party transactions and will ensure compliance with relevant laws and regulations[32] - The company will ensure that any share reductions by major shareholders will not exceed 25% of their holdings within two years after the lock-up period[34] - The company has established a commitment to avoid conflicts of interest and ensure fair dealings with its subsidiaries[32]