IAT(SZ:300825)2023-08-25 16:00Financial Performance - The company's revenue for Q1 2021 was CNY 201,606,455.70, representing a 38.16% increase compared to CNY 145,922,589.34 in the same period last year[10]. - Net profit attributable to shareholders was CNY 40,236,557.86, an increase of 86.42% from CNY 21,583,991.11 year-over-year[10]. - The net profit after deducting non-recurring gains and losses was CNY 38,786,597.34, up 89.75% from CNY 20,440,828.49 in the previous year[10]. - The basic earnings per share increased to CNY 0.1316, a rise of 39.70% compared to CNY 0.0942 in the same quarter last year[10]. - The company's operating revenue increased by 38.16% year-on-year, reaching CNY 201,606,455.70, primarily due to increased business volume and project acceptance[32]. - Operating profit reached 42.66 million RMB, up 98.07% year-on-year[34]. - Net profit attributable to shareholders was 40.24 million RMB, reflecting an 86.42% year-on-year growth[34]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,208,757,437.79, reflecting a 4.90% increase from CNY 2,105,618,468.32 at the end of the previous year[10]. - The company's net assets attributable to shareholders at the end of the reporting period were CNY 1,519,806,704.44, a 3.27% increase from CNY 1,471,741,365.27 at the end of the previous year[10]. - Total liabilities increased to ¥461,812,748.67 from ¥403,829,731.35, which is an increase of about 14.3%[88]. - The company's total equity as of March 31, 2021, was ¥1,746,944,689.12, up from ¥1,701,788,736.97, indicating a growth of approximately 2.6%[92]. Cash Flow - The net cash flow from operating activities was negative CNY 126,452,517.39, an improvement of 18.23% compared to negative CNY 154,636,660.68 in the previous year[10]. - Cash flow from investment activities saw a significant increase of 2224.95% year-on-year, amounting to CNY 371,027,826.14, primarily from the redemption of financial products[33]. - Cash flow from financing activities decreased by 121.01% year-on-year, resulting in a net outflow of CNY 87,493,834.44, mainly due to bond repayments and no new stock issuance this period[33]. - The company's cash and cash equivalents increased by 111.64% year-on-year to CNY 295,964,759.39, primarily due to the redemption of financial products[28]. Research and Development - Research and development expenses surged by 56.45% year-on-year to CNY 15,373,597.37, reflecting higher investment in R&D projects[32]. - The company is focusing on independent third-party positioning and innovation in R&D to enhance competitiveness in the new energy vehicle market[37]. - Research and development expenses increased to CNY 15,373,597.37 from CNY 9,826,387.62, reflecting a commitment to innovation and product development[104]. Market and Contracts - Significant orders in the electric vehicle sector included a 560 million RMB contract with client N and a 421 million RMB contract with an international automotive manufacturer[34][38]. - The company signed a development agreement worth 56 million RMB for electric vehicle development with client N, currently in the design phase[38]. - The company signed a contract with Nanning Chuantou Automotive for a project it won on March 17, 2021[56]. - The company signed a development contract with an international automotive brand for a total amount of RMB 421.15 million[64]. Investments and Projects - The company plans to invest RMB 200 million as a limited partner in establishing an industrial fund[64]. - The project "Model Center Upgrade and Expansion" has an investment progress of 85.78%[67]. - The project "Whole Vehicle Engineering Development Center Upgrade and Expansion" has an investment progress of 66.98%[67]. - The project "Cutting-edge Technology R&D" has an investment progress of 68.16%[67]. Regulatory and Compliance - The company received a review inquiry letter from the Shenzhen Stock Exchange regarding its application for a specific stock issuance on January 18, 2021[47]. - The company plans to optimize its pandemic prevention measures in 2021 to minimize adverse impacts on project execution and delivery[50]. - There are no overdue commitments from the actual controller, shareholders, or related parties during the reporting period[65].