华工科技(000988) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥1,788,486,180.98, representing a 135.58% increase compared to ¥759,193,651.51 in the same period last year[3]. - Net profit attributable to shareholders was ¥113,711,715.18, a significant turnaround from a loss of ¥11,764,892.29, marking an increase of 1,066.53%[3]. - The net profit after deducting non-recurring gains and losses was ¥98,940,605.98, up 699.00% from ¥12,383,008.50 in the previous year[3]. - Basic and diluted earnings per share both reached ¥0.11, compared to a loss of ¥0.01 per share in the same period last year, reflecting a 1,200.00% increase[3]. - The company reported a net profit before tax increase, with income tax expenses rising to ¥22,724,765.95, a 242.59% increase from ¥6,633,310.72 in Q1 2020, driven by higher profitability[13]. - The total profit for the period is 134,560,030.57, compared to a loss of 8,643,632.53 in the previous period[34]. - The net profit attributable to shareholders of the parent company is 113,711,715.18, while the previous period showed a loss of 11,764,892.29[34]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥11,394,724,605.29, a 2.88% increase from ¥11,076,271,352.42 at the end of the previous year[3]. - The total assets as of March 31, 2021, amounted to ¥6,911,304,531.22, up from ¥5,003,982,590.97 at the end of 2020, reflecting an increase of approximately 38.2%[31]. - Total liabilities increased to CNY 4,592,595,275.20 from CNY 4,386,025,641.33 at the end of 2020[27]. - Total liabilities as of March 31, 2021, were ¥2,594,074,349.63, compared to ¥684,977,024.19 at the end of 2020, indicating an increase of about 278.5%[31]. - The equity attributable to shareholders of the parent company increased to ¥6,751,720,881.22 from ¥6,637,960,811.66, reflecting a growth of approximately 1.7%[30]. Cash Flow - The net cash flow from operating activities was negative at -¥208,880,421.27, worsening from -¥80,382,195.80 in the same period last year, a decrease of 159.86%[3]. - Cash inflow from operating activities reached CNY 5,095,999,431.26, up from CNY 4,529,740,430.13 in the previous period[41]. - Cash outflow from investing activities amounted to CNY 86,667,984.62, down from CNY 225,943,319.23 in the previous year[39]. - Net cash flow from financing activities was positive CNY 105,462,952.96, a turnaround from negative CNY 147,020,728.45 in the prior year[40]. Research and Development - Research and development expenses increased by 56.43% to ¥79,602,769.60, compared to ¥50,885,889.36 in Q1 2020, indicating a continued commitment to innovation[12]. - Research and development expenses for Q1 2021 were ¥79,602,769.60, up from ¥50,885,889.36 in Q1 2020, indicating an increase of about 56.6%[33]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 71,809, with the top ten shareholders holding a combined 19.00% of the shares[7]. - The company completed a share transfer agreement, resulting in a change of control to Wuhan Guoheng Technology Investment Fund, which now holds 19% of the total shares[16]. Government Subsidies and Other Income - The company reported government subsidies amounting to ¥14,229,988.37 during the reporting period[5]. - The company recognized other income of ¥20,020,770.74, a remarkable increase of 585.69% from ¥2,919,800.03, primarily due to government subsidies[12]. - The company reported a significant increase in other income to ¥20,020,770.74 in Q1 2021, compared to ¥2,919,800.03 in the previous year, marking a growth of approximately 585.5%[33]. Investment Activities - The company reported a profit of CNY 5.9 million from derivative investments during the reporting period[19]. - The fair value change of the company's securities investments resulted in a cumulative fair value change of CNY 1.69 million, with a closing book value of CNY 53.51 million[17]. - The company has established a financial derivative trading management system to enhance risk management and control over foreign exchange derivative transactions[20]. - The total committed investment amount for projects is CNY 180,730 million, with a cumulative investment of CNY 110,301.41 million, representing an investment progress of 61.00%[21]. Operational Costs - The gross profit margin decreased as operating costs rose to ¥1,430,767,670.76, reflecting a 150.19% increase from ¥571,883,606.23 in the same period last year[12]. - Operating costs for Q1 2021 were ¥1,672,352,457.37, compared to ¥736,241,409.29 in the same period last year, indicating an increase of about 127.3%[33].