双环传动(002472) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥1,174,483,110.34, representing a 103.02% increase compared to ¥578,501,483.77 in the same period last year[3]. - Net profit attributable to shareholders was ¥52,978,658.79, a significant turnaround from a loss of ¥21,387,910.70, marking a 347.70% increase year-over-year[3]. - The net profit after deducting non-recurring gains and losses was ¥43,692,708.87, compared to a loss of ¥29,317,846.98, reflecting a 249.03% improvement[3]. - The basic earnings per share increased to ¥0.08 from a loss of ¥0.03, showing a growth of 366.67%[3]. - The weighted average return on equity was 1.45%, up from -0.60% in the previous year, indicating a 2.05% improvement[3]. - The operating profit for the current period was ¥63,168,318.58, a turnaround from an operating loss of ¥16,629,116.02 in the previous period[29]. - Net profit for the current period was ¥61,004,890.90, compared to a net loss of ¥18,435,650.89 in the previous period, marking a substantial recovery[31]. - The total profit for the current period was ¥64,193,654.07, compared to a loss of ¥16,395,796.90 in the previous period[29]. - The company achieved a comprehensive income total of ¥61,004,890.90, compared to a comprehensive loss of ¥18,435,650.89 in the previous period[31]. Assets and Liabilities - Total assets at the end of the reporting period were ¥8,685,183,064.08, a 1.81% increase from ¥8,530,930,895.79 at the end of the previous year[3]. - Net assets attributable to shareholders increased to ¥3,684,878,327.99, up 3.20% from ¥3,570,451,906.07[3]. - Non-current liabilities decreased to CNY 1,673,529,168.96 from CNY 1,878,746,551.08, a reduction of approximately 10.9%[23]. - Current liabilities rose to CNY 3,212,860,261.87, compared to CNY 2,975,945,853.52, indicating an increase of about 7.9%[23]. - The company's total liabilities amounted to CNY 4,886,389,430.83, slightly up from CNY 4,854,692,404.60, reflecting a marginal increase of 0.6%[23]. - Owner's equity reached CNY 3,798,793,633.25, an increase from CNY 3,676,238,491.19, showing a growth of approximately 3.3%[24]. Cash Flow - The net cash flow from operating activities was ¥156,504,499.98, a decrease of 21.90% compared to ¥200,395,338.10 in the same period last year[3]. - The company reported a net cash flow from financing activities of -¥53,110,937.63 in Q1 2021, a decrease of 120.17% compared to ¥263,288,185.06 in the same period last year, mainly due to reduced borrowings and increased repayments[11]. - Cash flow from financing activities resulted in a net outflow of ¥11,226,161.16, compared to a net inflow of ¥177,658,922.99 in the previous period, indicating a significant shift in financing strategy[38]. - The ending balance of cash and cash equivalents decreased to ¥175,344,393.48 from ¥478,460,817.90, a decline of approximately 63.3%[38]. - The company paid ¥19,625,483.79 in dividends and interest, compared to ¥28,129,643.63 in the previous period, a reduction of approximately 30.5%[36]. Expenses - Operating costs for Q1 2021 were ¥956,466,727.78, up 89.05% from ¥505,920,665.73 in Q1 2020, primarily due to increased sales revenue[10]. - R&D expenses increased by 110.90% to ¥43,594,417.43 in Q1 2021 from ¥20,670,761.65 in Q1 2020, reflecting ongoing investment in research and development[10]. - Tax expenses increased by 56.32% to ¥3,188,763.17 in Q1 2021 from ¥2,039,853.99 in Q1 2020, driven by an increase in total profit[10]. - The company experienced a significant increase in sales expenses, which rose by 61.92% to ¥28,106,100.77 in Q1 2021 from ¥17,357,940.74 in Q1 2020, attributed to higher shipping and export costs[10]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,524[6]. - The top ten shareholders held a significant portion of shares, with the largest shareholder, Wu Changhong, owning 8.74% of the company[6]. Future Outlook - The company anticipates continued growth driven by new projects entering stable mass production and improved utilization rates[17]. - The company is focusing on technological upgrades and process optimization to enhance production efficiency[17].