卓郎智能(600545) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue rose by 6.8% to CNY 1,242,008 thousand year-on-year[5] - Net profit attributable to shareholders was CNY 17,249 thousand, a significant recovery from a loss of CNY 48,170 thousand in the same period last year[5] - Operating profit for Q1 2021 was CNY 30,270 thousand, a significant improvement from a loss of CNY 51,344 thousand in Q1 2020[23] - Net profit for Q1 2021 reached CNY 28,410 thousand, compared to a net loss of CNY 51,018 thousand in the same period last year[23] - The company reported a basic and diluted earnings per share of CNY 0.0096 in Q1 2021, recovering from a loss of CNY 0.0256 in Q1 2020[24] Cash Flow - Net cash flow from operating activities reached CNY 529,124 thousand, a turnaround from a negative cash flow of CNY -1,243,307 thousand in the previous year[5] - Cash flow from operating activities showed a net inflow of 529,124 thousand RMB, a substantial increase compared to a net outflow of 1,243,307 thousand RMB in the previous year[17] - Cash flow from investing activities recorded a net outflow of 41,234 thousand RMB, a decrease from 64,777 thousand RMB in the previous year, due to reduced cash payments for fixed assets and intangible assets[17] - Cash flow from financing activities showed a net outflow of 293,604 thousand RMB, a significant increase compared to a net inflow of 93,437 thousand RMB in the previous year, primarily due to bank loan repayments[17] - Operating cash inflow for Q1 2021 was CNY 1,876,869 thousand, a 74.8% increase from CNY 1,074,468 thousand in Q1 2020[27] - Cash outflow from investing activities in Q1 2021 was CNY 43,133 thousand, down 89.4% from CNY 407,160 thousand in Q1 2020[28] - Cash inflow from financing activities in Q1 2021 was CNY 966,463 thousand, a decrease of 26.8% from CNY 1,321,194 thousand in Q1 2020[28] - Net cash flow from financing activities for Q1 2021 was negative CNY 293,604 thousand, compared to a positive CNY 93,437 thousand in Q1 2020[28] Assets and Liabilities - Total assets increased by 4.5% to CNY 13,428,466 thousand compared to the end of the previous year[5] - Total assets increased to 13,428,466 thousand RMB from 12,846,342 thousand RMB year-over-year[18] - Total liabilities rose to 8,423,627 thousand RMB from 7,756,717 thousand RMB year-over-year[19] - Total liabilities as of Q1 2021 were CNY 2,786,311 thousand, compared to CNY 2,653,454 thousand in Q1 2020[21] - Total assets as of Q1 2021 amounted to CNY 12,846,342 thousand, compared to CNY 13,147,241 thousand at the beginning of the year[34] Shareholder Information - The number of shareholders reached 70,809, with the largest shareholder holding 46.94% of the shares[9] - Shareholders' equity decreased to 5,004,839 thousand RMB from 5,089,625 thousand RMB year-over-year[19] - The company's equity attributable to shareholders was CNY 3,934,982 thousand as of Q1 2021, unchanged from the previous year[35] Expenses and Income - Tax and additional fees decreased by 63.1% to 2,324 thousand RMB due to increased raw material purchases leading to reduced VAT payments[15] - Financial expenses dropped by 94.5% to 4,325 thousand RMB, influenced by increased exchange gains and a decrease in net interest expenses[15] - Other income surged by 434.4% to 23,376 thousand RMB, primarily due to an increase in operational government subsidies received[15] - Research and development expenses for Q1 2021 were CNY 94,539 thousand, down from CNY 107,522 thousand in Q1 2020, reflecting a focus on cost management[23] Credit and Impairment - Credit impairment losses amounted to 13,170 thousand RMB, a significant improvement from a loss of 5,368 thousand RMB in the previous year, attributed to an improved macroeconomic environment[15] - The company experienced a credit impairment loss of CNY 13,170 thousand in Q1 2021, compared to a gain of CNY 5,368 thousand in Q1 2020, indicating increased credit risk[23] Other Financial Metrics - The weighted average return on equity improved to 0.44% from -0.98% year-on-year[5] - The company recorded a significant decrease of 84.3% in receivables financing, down to CNY 24,912 thousand, primarily due to the maturity and discounting of notes receivable[13] - New lease liabilities were introduced, resulting in a 100% increase in lease liabilities to CNY 114,966 thousand, reflecting the implementation of new leasing standards[13] - Other comprehensive income for Q1 2021 was a loss of CNY 113,196 thousand, contrasting with a gain of CNY 16,530 thousand in Q1 2020, highlighting volatility in financial markets[24]