中国海防(600764) - 2021 Q1 - 季度财报

Financial Performance - Total assets increased by 2.74% to 9,721,831,853.86 RMB compared to the end of the previous year[11] - Operating revenue surged by 181.18% to 865,199,210.88 RMB compared to the same period last year[11] - Net profit attributable to shareholders of the listed company was 61,866,249.23 RMB, a significant improvement from a loss of -32,266,980.79 RMB in the same period last year[11] - Weighted average return on equity (ROE) increased by 1.48 percentage points to 0.90%[11] - Basic earnings per share (EPS) were 0.0871 RMB, compared to a loss of -0.0472 RMB in the same period last year[11] - Revenue for Q1 2021 reached RMB 865.2 million, a year-on-year increase of 181.18%[26] - Net profit attributable to parent company shareholders was RMB 61.87 million, compared to a loss of RMB 32.27 million in the same period last year[26] - Total operating revenue for Q1 2021 reached 865,199,210.88 RMB, a significant increase from 307,705,038.50 RMB in Q1 2020[42] - Operating costs for Q1 2021 were 782,002,436.24 RMB, compared to 352,808,570.73 RMB in Q1 2020[46] - Net profit for Q1 2021 was 61,866,249.23 RMB, a turnaround from a net loss of 32,266,980.79 RMB in Q1 2020[46] - Basic earnings per share (EPS) for Q1 2021 was 0.0871 RMB, compared to a loss of 0.0472 RMB per share in Q1 2020[48] - Total comprehensive income for Q1 2021 was 61,866,249.23 RMB, a significant improvement from a loss of 32,186,829.14 RMB in Q1 2020[48] - Net profit for the first quarter of 2021 was -268,880.68 RMB, compared to 508,370.30 RMB in the same period last year[50] - Sales revenue from goods and services in the first quarter of 2021 was 683,280,140.44 RMB, up from 472,642,240.22 RMB in the same period last year[50] Cash Flow - Operating cash flow turned positive at RMB 208.35 million, compared to a negative RMB 151.72 million in the same period last year[26] - Investment cash flow was negative RMB 35.31 million, mainly due to subsidiary investments in fixed assets and intangible assets[26] - Financing cash flow decreased by 97.61% to RMB 50.38 million, primarily due to subsidiary loan repayments[26] - Operating cash flow for the first quarter of 2021 was 208,347,718.80 RMB, a significant improvement from -151,716,593.52 RMB in the same period last year[54] - Cash received from other operating activities in the first quarter of 2021 was 402,899,760.02 RMB, compared to 65,177,485.44 RMB in the same period last year[54] - Cash paid for goods and services in the first quarter of 2021 was 509,203,585.93 RMB, up from 386,881,535.54 RMB in the same period last year[54] - Cash paid to employees in the first quarter of 2021 was 221,522,470.31 RMB, compared to 194,261,133.74 RMB in the same period last year[54] - Cash received from financing activities in the first quarter of 2021 was 115,000,000.00 RMB, down from 2,133,002,996.48 RMB in the same period last year[56] - Cash paid for debt repayment in the first quarter of 2021 was 60,701,475.20 RMB, up from 15,000,000.00 RMB in the same period last year[56] - Net cash flow from financing activities in the first quarter of 2021 was 50,379,753.81 RMB, compared to 2,104,972,240.02 RMB in the same period last year[56] - Total cash and cash equivalents at the end of the first quarter of 2021 were 2,507,365,872.85 RMB, down from 2,760,562,180.37 RMB at the end of the same period last year[56] - Total investment cash outflow amounted to 809.76 million RMB[58] - Net cash flow from financing activities was 2.11 billion RMB[58] - Net increase in cash and cash equivalents was 1.30 billion RMB[58] Assets and Liabilities - Total assets increased to 9,721,831,853.86 RMB as of March 31, 2021, compared to 9,462,736,708.05 RMB at the end of 2020[32][35] - Current assets totaled 8,294,881,809.11 RMB, up from 8,156,047,577.05 RMB at the end of 2020[32] - Cash and cash equivalents rose to 2,558,530,476.96 RMB, a 9.4% increase from 2,339,155,195.25 RMB at the end of 2020[32] - Accounts receivable decreased to 2,250,105,591.80 RMB, down 10.1% from 2,503,968,574.77 RMB at the end of 2020[32] - Contract assets increased to 1,108,305,614.57 RMB, up 24.5% from 889,962,335.31 RMB at the end of 2020[32] - Total liabilities grew to 2,830,449,215.90 RMB, compared to 2,633,750,319.33 RMB at the end of 2020[35] - Short-term borrowings remained stable at 334,600,000.00 RMB[35] - Long-term borrowings increased to 208,650,000.00 RMB, up 35.2% from 154,351,475.20 RMB at the end of 2020[35] - Shareholders' equity rose to 6,891,382,637.96 RMB, up 0.9% from 6,828,986,388.72 RMB at the end of 2020[35] - Total liabilities as of Q1 2021 stood at 8,414,250.47 RMB, compared to 2,286,594.40 RMB in the previous period[42] - Total equity (shareholders' equity) as of Q1 2021 was 7,130,695,434.85 RMB, slightly up from 7,130,964,315.53 RMB[42] - Total assets increased by 111.41 million RMB due to the new leasing standard[59] - Prepaid expenses decreased by 1.86 million RMB due to the new leasing standard[59] - Right-of-use assets were recognized at 113.27 million RMB under the new leasing standard[59] - Lease liabilities were recognized at 111.41 million RMB under the new leasing standard[59] - Total liabilities increased by 111.41 million RMB due to the new leasing standard[64] - Total assets increased by 7,112,210.91 yuan, reaching 7,140,363,120.84 yuan[69] - Current assets decreased by 1,857,142.85 yuan, totaling 1,732,323,007.90 yuan[67] - Non-current assets increased by 8,969,353.76 yuan, reaching 5,408,040,112.94 yuan[69] - Total liabilities increased by 7,112,210.91 yuan, reaching 9,398,805.31 yuan[69] - Lease liabilities were recognized at 7,112,210.91 yuan due to the new leasing standard[72] - Prepaid expenses decreased by 1,857,142.85 yuan, adjusted to 70,573.27 yuan[67] - Right-of-use assets were recognized at 8,969,353.76 yuan under the new leasing standard[72] - Owner's equity remained unchanged at 7,130,964,315.53 yuan[72] - Deferred tax assets remained stable at 150.00 yuan[69] Shareholder Information - The largest shareholder, China Shipbuilding Industry Corporation, holds 46.30% of the shares[16] - The top 10 shareholders collectively hold approximately 80.49% of the total shares[16][18] - The number of shareholders at the end of the reporting period was 26,924[16] R&D and Investments - R&D expenses increased by 59.30% to RMB 65.30 million[26] - R&D expenses increased to 65,299,571.47 RMB in Q1 2021, up from 40,991,211.95 RMB in Q1 2020[46] - The company continues to invest in new technologies and products to enhance its core competitiveness in underwater communication, detection, and countermeasures[26] Non-Recurring Items - Non-recurring gains and losses amounted to 11,455,895.89 RMB, primarily driven by government subsidies of 10,654,740.73 RMB[15] Leasing Standard Impact - The company implemented the new leasing standard starting January 1, 2021[66] - The new leasing standard impacted the company's financial statements by adjusting retained earnings and related items[66] - The company implemented the new leasing standard starting January 1, 2021, impacting financial statements[72] Other Financial Metrics - Accounts receivable financing increased by 41.89% to RMB 144.26 million[23] - Prepayments rose by 48.54% to RMB 140.24 million due to increased production procurement and longer supplier lead times[23] - Long-term borrowings increased by 35.18% to RMB 208.65 million[23] - Interest income for Q1 2021 was 4,998,434.08 RMB, up from 4,352,797.44 RMB in Q1 2020[46] - Credit impairment loss for Q1 2021 was -19,224,688.34 RMB, compared to -124,032.08 RMB in Q1 2020[46]