Sanmei(603379)2021-04-21 16:00Financial Performance - Operating revenue rose by 19.49% to CNY 840,680,933.11 year-on-year[3] - Net profit attributable to shareholders decreased by 36.42% to CNY 63,512,237.74 compared to the same period last year[3] - Total operating revenue for Q1 2021 was CNY 840,680,933.11, an increase of 19.5% compared to CNY 703,534,935.70 in Q1 2020[16] - Net profit for Q1 2021 was CNY 63,512,237.74, a decrease of 36.4% from CNY 99,951,456.11 in Q1 2020[17] - Total profit for Q1 2021 was CNY 83,082,585.44, a decline of 35.5% compared to CNY 128,834,711.93 in Q1 2020[17] - Operating profit for Q1 2021 was CNY 120,010,033.38, a decrease of 9.6% from CNY 132,751,393.20 in Q1 2020[16] - The total comprehensive income for Q1 2021 was CNY 33,615,828.93, compared to CNY 67,642,590.12 in Q1 2020, indicating a decrease of approximately 50%[19] Cash Flow - Net cash flow from operating activities dropped significantly by 96.72% to CNY 8,143,402.08[3] - Cash inflow from operating activities in Q1 2021 was CNY 625,512,313.64, down from CNY 672,943,578.40 in Q1 2020, reflecting a decline of about 7%[20] - The net cash flow from operating activities for Q1 2021 was CNY 8,143,402.08, significantly lower than CNY 248,400,483.42 in Q1 2020, representing a decrease of approximately 97%[21] - Cash outflow from investing activities in Q1 2021 totaled CNY 1,365,754,490.58, compared to CNY 674,198,856.56 in Q1 2020, indicating an increase of about 102%[21] - The net cash flow from investing activities for Q1 2021 was -CNY 570,223,899.58, contrasting with a positive CNY 201,953,553.33 in Q1 2020[21] - The company reported a cash flow from operating activities net amount of CNY 81,796,272.96 in Q1 2021, down from CNY 236,133,829.25 in Q1 2020, indicating a decline of approximately 65%[23] Assets and Liabilities - Total assets increased by 2.09% to CNY 5,477,886,602.36 compared to the end of the previous year[3] - Total assets as of March 31, 2021, amounted to 5,365,526,243.35 at the end of 2020, showing a slight increase[11] - The company’s total liabilities as of March 31, 2021, were 355,088,151.73, reflecting an increase in current liabilities[12] - Total liabilities increased to ¥429,633,288.63 from ¥383,308,040.78, representing a growth of approximately 12.1% year-over-year[13] - Total equity attributable to shareholders rose to ¥5,048,253,313.73, up from ¥4,982,218,202.57, indicating an increase of about 1.3%[13] - Cash and cash equivalents decreased to ¥1,747,384,185.62 from ¥2,345,125,667.25, a decline of approximately 25.5%[14] - Current liabilities totaled ¥921,830,961.27, up from ¥760,007,403.14, which is an increase of around 21.3%[15] Expenses - Operating costs rose to 534,419,413.90, mainly driven by higher sales volume and material price increases[9] - Research and development expenses increased by 41.05% to 4,736,876.87, reflecting a rise in R&D activities[9] - The company reported a 72.16% decrease in selling expenses to 44,746,093.15, attributed to the reclassification of transportation costs[9] - Other income increased by 83.04% to 1,702,516.46, mainly due to an increase in government subsidies[9] - Financial expenses improved, with a decrease in foreign exchange losses, resulting in a financial expense of -23,343,243.00[9] Shareholder Information - The number of shareholders reached 22,188, with the top shareholder holding 36.99% of the shares[6]