航天机电(600151) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue for the period was RMB 1,301,089,994.53, a decrease of 3.45% year-on-year[15] - Net profit attributable to shareholders was a loss of RMB 14,902,017.51, improving from a loss of RMB 87,544,843.77 in the same period last year[15] - The company reported a basic earnings per share of -0.0104 yuan, an improvement from -0.0610 yuan in the previous year[15] - The company reported a net loss attributable to shareholders of CNY -1,124,793,532.67, compared to CNY -1,109,891,515.16 in the previous period[35] - The total comprehensive income for Q1 2021 was a loss of approximately $83.49 million, an improvement from a loss of $147.73 million in Q1 2020[48] Cash Flow - The net cash flow from operating activities was negative RMB 95,904,188.95, an improvement from negative RMB 150,028,990.73 year-on-year[15] - The cash flow from operating activities was -95,904,188.95, an improvement of 54,124,801.78 compared to -150,028,990.73 in the previous year[28] - The net cash flow from financing activities decreased by 67.41% to 17,083,862.83, primarily due to the absence of proceeds from the sale of equity stakes in the previous year[28] - The net cash flow from financing activities was -¥5,046,802.77, compared to -¥71,222,321.17 in the previous period, indicating an improvement[64] Assets and Liabilities - Total assets at the end of the reporting period reached RMB 10,728,357,035.77, an increase of 0.81% compared to the end of the previous year[15] - The company’s total liabilities as of March 31, 2021, were 3,664,451,553.49, slightly down from 3,670,691,992.44 at the end of 2020[34] - Total liabilities increased to CNY 4,865,169,453.96 from CNY 4,696,490,366.92, representing a growth of approximately 3.6%[35] - Non-current liabilities totaled CNY 1,200,717,900.47, up from CNY 1,025,798,374.48, indicating an increase of about 17.1%[35] - The company’s total current liabilities were CNY 654,532,393.87, slightly down from CNY 660,431,692.17, a decrease of approximately 0.3%[41] Expenses - Sales expenses decreased significantly by 77.65% to RMB 24,390,996.36, attributed to the inclusion of transportation and export costs in operating costs[21] - Financial expenses showed a decrease of 114.07% to negative RMB 2,228,808.09, due to increased exchange gains from subsidiaries[21] - Research and development expenses for Q1 2021 were approximately $47.06 million, down 18.19% from $57.51 million in Q1 2020[46] Investment and Income - Investment income improved significantly to RMB 4,759,715.84, compared to a loss of RMB 1,322,682.71 in the previous year, driven by better performance from joint ventures[21] - The company reported a significant reduction in sales expenses, which decreased by 77.64% from approximately $109.11 million in Q1 2020 to $24.39 million in Q1 2021[46] - The company continues to focus on expanding its non-current asset investments, with long-term equity investments reported at ¥464,705,788.46[66] Shareholder Information - The total number of shareholders at the end of the reporting period was 102,228, with the largest shareholder holding 26.45% of the shares[19] Other Financial Metrics - The weighted average return on net assets increased by 1.4002 percentage points to -0.2742%[15] - The fair value change income was -1,563,311.20, a significant decrease compared to the previous year's -10,311,401.99, indicating high volatility in the forward foreign exchange settlement business[23] - Credit impairment losses increased by 96.59% to 6,546,704.86, attributed to a decrease in accounts receivable compared to the beginning of the year[23]