凌云股份(600480) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue for the period was ¥3,917,396,295.96, representing an 80.52% increase year-on-year[11]. - Net profit attributable to shareholders was ¥82,876,805.11, a significant turnaround from a loss of ¥104,891,297.59 in the same period last year, marking a 179.01% increase[11]. - Basic earnings per share improved to ¥0.11 from a loss of ¥0.14, reflecting a 178.57% increase[11]. - The net profit after deducting non-recurring gains and losses was ¥79,066,776.25, up 170.66% year-on-year[11]. - Total comprehensive income amounted to ¥165,993,067.95, compared to a loss of ¥59,117,294.88 in the same period last year[48]. - Net profit for Q1 2021 was ¥174,094,286.28, compared to a net loss of ¥64,105,704.53 in Q1 2020, indicating a turnaround in profitability[45]. Cash Flow - The net cash flow from operating activities was -¥436,352,151.16, a decline of 176.67% compared to the previous year[11]. - Cash inflow from operating activities for Q1 2021 was CNY 2,468,635,537.29, an increase from CNY 1,947,298,011.65 in Q1 2020, representing a growth of approximately 27%[58]. - Cash outflow from operating activities for Q1 2021 totaled CNY 2,904,987,688.45, compared to CNY 2,105,016,583.76 in Q1 2020, indicating an increase of about 38%[58]. - Net cash flow from operating activities for Q1 2021 was -CNY 436,352,151.16, worsening from -CNY 157,718,572.11 in Q1 2020[58]. - The net cash flow from investment activities increased by ¥86,813,778.04 compared to the same period last year, mainly due to increased cash recovered from asset disposals and a decrease in investments in fixed assets and other long-term assets[27]. - The net cash flow from financing activities decreased by ¥197,505,495.65 compared to the same period last year, primarily due to a reduction in cash received from borrowings[27]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥16,186,978,260.45, an increase of 1.11% compared to the end of the previous year[11]. - Total current assets amounted to ¥9,883,090,511.20, an increase from ¥9,703,597,734.61 as of December 31, 2020[34]. - Total liabilities decreased to ¥9,188,630,608.10 from ¥9,181,421,335.10 year-over-year[36]. - The total equity attributable to shareholders increased to ¥4,796,247,753.27 from ¥4,717,127,069.95 year-over-year, showing a growth of approximately 1.7%[36]. - Accounts receivable increased to ¥3,710,480,690.28 from ¥2,661,737,579.53 year-over-year, indicating a growth of approximately 39.3%[34]. - Total liabilities increased to ¥3,087,879,748.96 from ¥2,859,127,364.86, reflecting a rise of 8.0%[43]. Research and Development - Research and development expenses increased by 32.19% to ¥112,551,229.49, driven by investments in new energy aluminum alloy battery shells and lightweight automotive products[25]. - Research and development expenses for Q1 2021 were ¥112,551,229.49, up from ¥85,145,611.91 in Q1 2020, representing a 32.3% increase[45]. Other Financial Metrics - The weighted average return on equity increased by 4.03 percentage points to 1.74%[11]. - Investment income surged by 322.38% to ¥12,105,435.76 from ¥2,866,036.40 year-on-year[24]. - Financial expenses increased to ¥24,293,645.03, up from ¥18,384,733.76, primarily due to higher interest expenses[52]. - The company experienced a credit impairment loss of ¥890,498.59, compared to a gain of ¥79,691.09 in the previous year, indicating potential challenges in asset quality[52]. Government Support - Government subsidies recognized in the current period related to normal business operations totaled ¥6,942,370.77[13].