ST曙光(600303) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue for the period reached CNY 571,468,363.69, representing a significant increase of 58.54% year-on-year[6] - Net profit attributable to shareholders was a loss of CNY 47,470,014.33, compared to a loss of CNY 22,713,440.62 in the same period last year[6] - Operating revenue for the current period increased by ¥211,015,104.91, a growth of 58.54% compared to the same period last year, primarily due to increased product sales[16] - Operating costs rose by ¥241,997,774.1, reflecting a 75.02% increase, attributed to higher sales volume and corresponding revenue growth[16] - The net loss for Q1 2021 was CNY 51,769,183.58, compared to a loss of CNY 15,455,596.60 in Q1 2020[33] - The net loss for Q1 2021 was CNY -47,957,188.15, compared to a net loss of CNY -22,594,205.48 in Q1 2020, indicating a deterioration in profitability[34] - The total comprehensive loss for Q1 2021 was CNY -47,957,188.15, compared to CNY -22,594,205.48 in Q1 2020[34] Cash Flow - The net cash flow from operating activities was negative CNY 162,017,959.60, a decrease of 386.12% compared to the previous year[6] - Net cash flow from operating activities decreased by ¥218,644,211.64, primarily due to increased cash payments for materials related to higher sales volume[20] - The cash flow from operating activities for Q1 2021 was CNY -162,017,959.60, a significant decline from CNY 56,626,252.04 in Q1 2020[40] - The total cash inflow from operating activities was ¥1,153,684,550.60, while cash outflow was ¥1,021,848,563.78, resulting in a net cash flow from operating activities[43] Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 5,122,065,440.33, a slight increase of 0.15% compared to the end of the previous year[6] - Total assets decreased to CNY 3,874,333,697.78 from CNY 3,950,518,308.70, a decline of 1.9%[31] - Total liabilities decreased to CNY 987,060,526.25 from CNY 1,052,846,151.53, a reduction of 6.2%[31] - Shareholders' equity totaled CNY 2,887,273,171.53, down from CNY 2,897,672,157.17, a decrease of 0.3%[32] Expenses - Sales expenses decreased by ¥7,787,545.31, a reduction of 34.30%, mainly due to reclassification of freight costs into operating costs this period[16] - Management expenses increased by ¥11,575,845.05, up 23.54%, primarily due to the resumption of social insurance collection following the easing of the pandemic[16] - Research and development expenses decreased by ¥3,142,353.10, a decline of 21.80%, due to the absence of certain experimental costs incurred in the previous year[18] - Financial expenses decreased by ¥23,098,447.87, a reduction of 338.29%, mainly due to decreased bank borrowings and increased interest income from customer repayments[19] - Credit impairment losses decreased by ¥30,164,188.08, down 59.68%, primarily due to recoveries from customer repayments[19] - Income tax expenses decreased by ¥8,729,573.76, a decline of 52.44%, mainly due to a reduction in profits compared to the previous year[19] Borrowings - Short-term borrowings rose to CNY 204,999,500.00, an increase of 27.94% compared to the beginning of the year[13] - Long-term borrowings increased by CNY 37,706,455.41, a growth of 24.32%, due to new long-term loans taken during the period[15] Inventory and Receivables - Accounts receivable increased by CNY 11,819,674.97, a growth of 55.44%, mainly due to increased sales[12] - Contract assets decreased by CNY 17,024,913.95, a decline of 82.25%, primarily due to the completion of prior sales contracts[12] - Other current assets increased by CNY 6,515,976.22, an increase of 25.68%, mainly due to an increase in VAT receivables[12] - Inventory increased to CNY 42,983,250.45 from CNY 36,969,210.15, an increase of 16.4%[30] Financial Income - The company reported a financial income of CNY 18,035,672.30 in Q1 2021, compared to CNY 1,356,055.15 in Q1 2020, a significant increase[33]