中国卫星(600118) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue rose by 22.30% to CNY 1.36 billion year-on-year[4] - Net profit attributable to shareholders increased by 18.51% to CNY 56.44 million compared to the same period last year[4] - Basic earnings per share improved by 25.00% to CNY 0.05 per share[4] - The company reported a net profit excluding non-recurring gains and losses of CNY 53.47 million, up 22.50% year-on-year[4] - Net profit for Q1 2021 reached RMB 67,413,903.21, up 27.9% from RMB 52,642,676.60 in Q1 2020[21] - Operating profit for Q1 2021 was RMB 80,206,919.30, an increase from RMB 63,016,211.18 in Q1 2020, highlighting operational efficiency[21] Asset and Liability Changes - Total assets increased by 10.50% to CNY 12.81 billion compared to the end of the previous year[4] - Total liabilities reached CNY 4.99 billion, compared to CNY 3.85 billion, marking an increase of approximately 29.7%[18] - The company’s total liabilities increased, with contract liabilities rising by 17.76% to CNY 582,637,011.39 from CNY 494,786,020.00[11] - Current assets totaled CNY 9.57 billion, up from CNY 8.72 billion, indicating a growth of about 9.7%[17] - Non-current assets totaled CNY 3.24 billion, an increase from CNY 2.87 billion, reflecting a growth of approximately 12.9%[17] Cash Flow and Financial Activities - Cash flow from operating activities showed a significant decline of 248.51%, resulting in a net outflow of CNY 142.07 million[4] - The net cash flow from operating activities was -$142.07 million, compared to a positive $95.66 million in the same period last year[23] - The cash inflow from financing activities was $47.07 million, significantly lower than $211.58 million in Q1 2020[23] - The company reported a cash inflow from operating activities of $1.56 million in Q1 2021, down from $2.17 million in Q1 2020[24] Shareholder Information - The total number of shareholders at the end of the reporting period was 147,470[8] - The largest shareholder, China Academy of Space Technology, holds 51.46% of the shares[8] Research and Development - R&D expenses surged by 137.43% to CNY 29,074,656.39 from CNY 12,245,574.29 year-on-year, driven by increased investment in satellite application subsidiaries[10] - Research and development expenses increased to RMB 29,074,656.39, a significant rise from RMB 12,245,574.29 in the same quarter last year, reflecting a focus on innovation[21] Inventory and Receivables - Total assets increased, with accounts receivable rising by 53.20% to CNY 2,485,866,941.63 from CNY 1,622,652,717.16[11] - Inventory levels increased by 20.45% to CNY 2,530,194,028.96, indicating a buildup in stock[11] - Accounts receivable increased significantly to CNY 2.49 billion from CNY 1.62 billion, reflecting a growth of around 53.3%[17] - Inventory levels increased to CNY 2.53 billion from CNY 2.10 billion, representing a growth of approximately 20.3%[17] Financial Standards and Adjustments - The company has implemented a new leasing standard effective from January 1, 2021, affecting the financial statements but not the comparative period information[4] - The company adopted a new leasing standard effective January 1, 2021, adjusting right-of-use assets and lease liabilities by 3,128,000.00[30]