精达股份(600577) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue for the period reached CNY 3,937,989,112.09, a 54.21% increase year-on-year[12] - Net profit attributable to shareholders rose by 73.59% to CNY 113,630,512.52 compared to the same period last year[12] - Basic earnings per share increased by 73.53% to CNY 0.059[12] - The company's consolidated net profit for Q1 2021 reached RMB 136.56 million, a year-on-year increase of 73.57%[25] - The profit from copper electromagnetic wire increased by 78.25% compared to the same period last year, while aluminum electromagnetic wire profit grew by 71.9%[25] - Total operating revenue for Q1 2021 reached ¥3,937,989,112.09, a significant increase from ¥2,553,662,839.95 in Q1 2020, representing a growth of approximately 54.2%[55] - Net profit for Q1 2021 was ¥136,557,959.41, up from ¥78,675,267.79 in Q1 2020, reflecting a growth of approximately 73.5%[59] - The company reported a total profit of negative CNY 23.37 million for Q1 2021, compared to negative CNY 4.16 million in Q1 2020[67] Asset and Liability Changes - Total assets increased by 7.21% to CNY 9,612,294,446.46 compared to the end of the previous year[12] - The company's total assets saw a significant change, with trading financial assets decreasing by 49.51% to RMB 247.30 million[25] - Total current assets increased to ¥7,852,374,486.33 from ¥7,156,357,336.66, reflecting a growth in liquidity[45] - Total liabilities increased to ¥5,195,532,491.89, up from ¥4,681,190,149.58, representing a growth of approximately 11% year-over-year[47] - Total equity attributable to shareholders rose to ¥3,932,958,555.24, compared to ¥3,823,709,582.22, marking an increase of about 3%[47] - Current liabilities totaled ¥4,393,783,867.87, an increase from ¥3,924,562,121.30, reflecting a growth of approximately 12%[47] - Non-current liabilities amounted to ¥801,748,624.02, up from ¥756,628,028.28, indicating a rise of about 6%[47] Cash Flow Analysis - Net cash flow from operating activities decreased significantly by 542.65% to -CNY 245,826,575.33[12] - Cash received from sales and services increased by 56.96% to ¥3,707,251,943.57 compared to ¥2,361,874,535.88 in the same period last year[36] - Cash received from tax refunds increased by 128.86% to ¥7,815,789.11, driven by an increase in export tax rebates[38] - Cash received from investment income surged by 2075.72% to ¥25,671,916.59, primarily due to investment gains from a subsidiary in Hong Kong[38] - Cash paid for purchasing goods and services rose by 72.38% to ¥3,677,540,444.82, influenced by increased production and rising copper prices[36] - The cash inflow from investment activities totaled CNY 359.89 million, while cash outflow was CNY 251.10 million, resulting in a net cash flow from investment activities of CNY 108.79 million[70] - The cash inflow from financing activities was CNY 846.83 million, with a net cash flow from financing activities of CNY 564.94 million, compared to CNY 116.50 million in Q1 2020[70] Shareholder Information - The total number of shareholders reached 95,203 by the end of the reporting period[19] - The largest shareholder, Tehua Investment Holdings, holds 13.02% of shares, totaling 250,258,383 shares[19] Production and Market Strategy - The output of flat wire for new energy vehicles reached 797.31 tons, a year-on-year increase of 431.51%[30] - The company plans to expand production capacity, with expansions in Tongling, Tianjin, and Guangdong expected to be completed by July 2021[30] - The company aims to strengthen supply relationships with various new energy vehicle manufacturers, including American, German, and Japanese brands[32] - The company has not disclosed any new product developments or market expansion strategies in this report[12] Expense and Cost Management - The company's management expenses increased by 49.87% to RMB 50.65 million due to rising salary costs[32] - Total operating costs for Q1 2021 were ¥3,765,398,250.93, compared to ¥2,460,937,858.75 in Q1 2020, indicating an increase of about 52.9%[55]