杭叉集团(603298) - 2021 Q1 - 季度财报

Important Notice Statement on Report Authenticity The company's board of directors, supervisory board, and all directors, supervisors, and senior management guarantee the truthfulness, accuracy, and completeness of this quarterly report, assuming legal responsibility for any false statements or omissions; this quarterly report is unaudited - The company's management ensures the truthfulness, accuracy, and completeness of this report[3] - This company's Q1 2021 report is unaudited[3] Company Profile Key Financial Data The company achieved strong performance in Q1 2021, with operating revenue growing by 63.92% to 3.352 billion yuan and net profit attributable to parent company increasing by 44.92% to 221 million yuan, while net cash flow from operating activities turned positive to 426 million yuan Key Financial Indicators for Q1 2021 | Indicator | Current Period | Prior Period | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue (yuan) | 3,351,876,868.96 | 2,044,840,285.70 | 63.92% | | Net Profit Attributable to Shareholders (yuan) | 220,711,635.31 | 152,296,392.78 | 44.92% | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) (yuan) | 218,627,007.94 | 134,865,756.49 | 62.11% | | Net Cash Flow from Operating Activities (yuan) | 426,180,056.40 | -14,937,272.44 | N/A | | Basic Earnings Per Share (yuan/share) | 0.25 | 0.18 | 38.89% | | Weighted Average Return on Net Assets (%) | 4.39% | 3.49% | Increased by 0.9 percentage points | - During the reporting period, total non-recurring gains and losses amounted to 2.08 million yuan, primarily from government subsidies and reversal of impairment provisions for receivables[5] Shareholder Ownership As of the end of the reporting period, the company had 17,676 shareholders, with a relatively concentrated equity structure where the top two shareholders collectively held over 64% of shares - As of the end of the reporting period, the company had 17,676 shareholders[6] Top Two Shareholders' Ownership | Shareholder Name | Number of Shares Held | Shareholding Ratio (%) | | :--- | :--- | :--- | | Zhejiang Hangcha Holding Co., Ltd. | 386,744,960 | 44.64% | | Hangzhou Industrial Investment Group Co., Ltd. | 174,128,780 | 20.10% | Significant Events Analysis of Significant Changes in Key Financial Statement Items During the reporting period, several financial indicators changed significantly, with cash increasing by 255.40% due to convertible bond issuance and sales, and operating cash flow turning positive due to expanded sales Balance Sheet Item Changes Cash and cash equivalents increased by 255.40% due to convertible bond issuance and sales, while short-term borrowings and notes payable also significantly rose due to business expansion - Cash and cash equivalents increased by 255.40%, primarily due to proceeds from convertible bond issuance and increased sales collections[8] - Short-term borrowings increased by 751.02%, mainly due to increased borrowing[9] - Notes payable increased by 216.77%, primarily due to an increase in outstanding acceptance bills[9] - Bonds payable is a new item, primarily due to the issuance of convertible bonds in the current period[9] Income Statement Item Changes Operating revenue and cost increased by 63.92% and 68.82% respectively due to expanded sales, with R&D expenses also rising by 47.34% - Operating revenue increased by 63.92% year-on-year, and operating costs increased by 68.82%, primarily due to expanded sales scale in the current period[10] - R&D expenses increased by 47.34% year-on-year, mainly due to continuous increased investment in R&D during the current period[10] Cash Flow Statement Item Changes Cash inflow from operating activities significantly increased by 127.26% due to expanded sales, turning net cash flow positive, while financing cash flow surged from convertible bond issuance - Cash received from sales of goods and rendering of services increased by 127.26% year-on-year, primarily due to expanded sales scale in the current period[11] - Cash paid for goods and services increased by 102.94% year-on-year, primarily due to increased sales volume and expanded production scale in the current period[11] - Cash received from borrowings amounted to 1.152 billion yuan, mainly due to increased proceeds from convertible bond issuance in the current period[12] Appendix Financial Statements This appendix provides the unaudited consolidated and parent company balance sheets, income statements, and cash flow statements for Q1 2021 Consolidated Balance Sheet As of March 31, 2021, total assets were 10.17 billion yuan, total liabilities were 4.436 billion yuan, and net assets attributable to shareholders were 5.34 billion yuan Key Consolidated Balance Sheet Items (As of March 31, 2021) | Item | Amount (yuan) | | :--- | :--- | | Total Assets | 10,169,908,471.80 | | Total Liabilities | 4,435,818,116.74 | | Total Equity Attributable to Parent Company Owners | 5,340,070,226.36 | Consolidated Income Statement In Q1 2021, the company achieved total operating revenue of 3.352 billion yuan, total operating costs of 3.101 billion yuan, and net profit attributable to parent company shareholders of 221 million yuan Key Consolidated Income Statement Items (Q1 2021) | Item | Amount (yuan) | | :--- | :--- | | I. Total Operating Revenue | 3,351,876,868.96 | | II. Total Operating Costs | 3,101,435,495.56 | | III. Operating Profit | 267,752,105.12 | | V. Net Profit | 230,807,519.35 | | Net Profit Attributable to Parent Company Shareholders | 220,711,635.31 | Consolidated Cash Flow Statement In Q1 2021, net cash flow from operating activities was 426 million yuan, from investing activities was -85.39 million yuan, and from financing activities was 1.102 billion yuan, with cash and cash equivalents totaling 3.537 billion yuan at period end Key Consolidated Cash Flow Statement Items (Q1 2021) | Item | Amount (yuan) | | :--- | :--- | | Net Cash Flow from Operating Activities | 426,180,056.40 | | Net Cash Flow from Investing Activities | -85,386,877.74 | | Net Cash Flow from Financing Activities | 1,102,184,225.74 | | Cash and Cash Equivalents at Period End | 3,536,775,345.20 | Explanation of Adjustments for First-Time Adoption of New Lease Standards Effective January 1, 2021, the company adopted new lease standards, resulting in a retrospective adjustment to the opening balance sheet, recognizing right-of-use assets and lease liabilities, increasing total assets and liabilities by approximately 29.7 million yuan - The company adopted the newly revised 'Accounting Standard for Business Enterprises No. 21 – Leases' effective January 1, 2021[35] - Upon first-time adoption of the new lease standards, the company adjusted its consolidated balance sheet as of January 1, 2021, adding 32.53 million yuan in 'right-of-use assets' and 29.69 million yuan in 'lease liabilities'[30][31]