春风动力(603129) - 2021 Q1 - 季度财报

Financial Performance - Operating income surged by 150.64% to CNY 1,560,621,804.65 year-on-year[12] - Net profit attributable to shareholders rose by 65.36% to CNY 95,608,324.59 compared to the same period last year[12] - Basic earnings per share increased by 63.64% to CNY 0.72 compared to CNY 0.44 in the same period last year[12] - The total profit for Q1 2021 was ¥125,753,343.21, compared to ¥71,293,866.67 in Q1 2020, indicating a growth of 76.3%[46] - Comprehensive income for Q1 2021 was ¥96,312,543.00, a substantial increase from ¥5,766,999.34 in Q1 2020[46] Cash Flow - Net cash flow from operating activities improved significantly, reaching CNY 109,512,292.08, a 586.07% increase from the previous year[12] - Cash inflow from operating activities reached ¥1,554,999,076.87, significantly higher than ¥709,278,625.61 in the same quarter last year[56] - The net increase in cash and cash equivalents was ¥538,851,040.27, compared to ¥68,381,030.97 in the previous year[58] - The ending balance of cash and cash equivalents was ¥1,397,772,609.33, up from ¥589,468,793.22 year-over-year[58] Assets and Liabilities - Total assets increased by 7.43% to CNY 4,513,472,343.76 compared to the end of the previous year[12] - The total liabilities increased to ¥2,823,523,823.28 from ¥2,615,117,772.18, reflecting the company's expansion and increased procurement[33] - Total assets reached CNY 4,192,207,910.78, compared to CNY 3,960,996,734.36, indicating an increase of about 5.8%[41] - Total liabilities increased to CNY 2,670,875,002.91, up from CNY 2,519,743,584.25, representing a growth of approximately 6%[41] Shareholder Information - The total number of shareholders at the end of the reporting period was 8,801[18] - The largest shareholder, Chunfeng Holding Group Co., Ltd., holds 35.02% of the shares[18] Research and Development - Research and development expenses increased to ¥68,189,747.46, up 34.78% from ¥50,592,033.37, due to heightened investment in R&D projects[23] - Research and development expenses for Q1 2021 totaled ¥68,189,747.46, an increase of 34.8% from ¥50,592,033.37 in Q1 2020[45] Other Income and Expenses - The company reported a non-operating income of CNY 6,853,657.16, primarily from government subsidies and other non-recurring gains[16] - The company reported a tax expense of ¥33,695,954.76 for Q1 2021, which is 119.9% higher than ¥15,337,666.77 in Q1 2020[46] - The company reported a significant increase in sales expenses, which reached ¥90,907,267.39, a 156.75% rise from ¥35,407,286.58, due to prior tax refunds affecting the previous period[23] Company Strategy - The company has not disclosed any new product developments or market expansion strategies in this report[12] - The company plans to conduct a private placement of A-shares, as approved in the recent shareholder meeting[25] - The company has initiated a buyback of 900 shares of restricted stock from departed employees, as part of its incentive program adjustments[25]