飞荣达(300602) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥626,365,853.15, representing an increase of 8.21% compared to ¥578,859,059.37 in the same period last year[8]. - Net profit attributable to shareholders was ¥35,073,742.27, a decrease of 18.23% from ¥42,893,306.20 year-on-year[8]. - Basic earnings per share decreased to ¥0.07, down 22.22% from ¥0.14 in the same period last year[8]. - Total operating revenue for the current period reached ¥626,365,853.15, an increase from ¥578,859,059.37 in the previous period, representing an increase of approximately 8.5%[74]. - Net profit for the current period was ¥25,853,375.48, down from ¥40,627,761.26, reflecting a decrease of approximately 36.5%[80]. - The company reported a total comprehensive income of ¥25,904,791.94, down from ¥40,742,526.96, indicating a decrease of about 36.5%[83]. Cash Flow - The net cash flow from operating activities was -¥42,259,297.37, down 115.15% from ¥278,960,613.29 in the previous year[8]. - Cash inflow from sales of goods and services is 734,781,309.52, down from 950,867,497.81, representing a decrease of approximately 22.7%[91]. - The cash flow from operating activities shows a net outflow of -42,259,297.37, compared to a net inflow of 278,960,613.29 in the previous period[91]. - The cash flow from financing activities shows a net inflow of 112,895,150.82, compared to 261,360,714.35 in the previous period, reflecting a decrease of approximately 56.8%[97]. - The cash flow from investment activities shows a net outflow of -197,775,778.48, compared to -179,348,066.42 in the previous period, indicating a slight increase in outflow[94]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,653,279,428.16, a decrease of 0.75% from ¥4,688,635,364.89 at the end of the previous year[8]. - Total liabilities were CNY 1,940,348,818.49, a decrease of 3.06% from CNY 2,001,889,341.23[62]. - The company's total liabilities increased to ¥870,513,054.73 from ¥778,232,603.31, marking a growth of about 11.8%[72]. - Current liabilities decreased to CNY 1,524,750,237.43, down 5.49% from CNY 1,613,339,810.11[62]. - The company's equity attributable to shareholders reached CNY 2,462,368,626.67, up 1.51% from CNY 2,425,716,757.73[65]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 23,967[12]. - Major shareholder Ma Fei holds 47.10% of the company's shares, amounting to 238,548,313 shares[12]. Research and Development - Research and development expenses rose by 11.10 million CNY, an increase of 27.98%, mainly due to increased investment in new product development[25]. - The company emphasizes continuous R&D investment to enhance product quality and maintain technological advancement[32]. Inventory and Receivables - Inventory increased to CNY 616,964,479.95 from CNY 544,832,999.96, indicating a rise in stock levels[56]. - The company has a high proportion of short-term accounts receivable, with 99.63% of accounts under one year[34]. - Accounts receivable increased to CNY 444,812,697.99, up from CNY 423,515,768.47[66]. Government Subsidies and Other Income - The company reported government subsidies amounting to ¥33,100,281.42 during the reporting period[8]. - Other income surged by 30.70 million CNY, a dramatic increase of 1198.84%, primarily from government subsidies received by a subsidiary[25]. Operational Challenges - The company is facing temporary pressure on overall gross margin and R&D investment due to new projects still in the ramp-up phase[29]. - The company is implementing measures to control costs and expenses amid increasing operational costs[35]. - The company faces potential goodwill impairment risks due to underperformance of acquired companies, which could negatively impact future operating results[40]. Future Plans - The company plans to continue expanding its business in consumer terminals, communication base stations, data center servers, new energy vehicles, and smart home sectors[27]. - The company plans to advance its information technology infrastructure to improve management systems and decision-making processes[41].