SJA(SH:600609)2021-04-29 16:00Financial Performance - Total revenue for Q1 2021 reached CNY 1,242,568,582.79, an increase of 22.92% compared to the same period last year[11] - Net profit attributable to shareholders was CNY 41,447,927.96, a significant increase of 3,189.18% year-on-year[11] - The company's operating revenue for the current period reached ¥1,242,568,582.79, an increase of 22.92% compared to ¥1,010,907,725.40 in the same period last year[19] - The total profit for the current period was ¥111,955,282.20, reflecting a significant increase of 97.87% from ¥56,579,586.72 year-on-year[19] - The net profit increased by 124.42%, reaching ¥93,375,421.40 compared to ¥41,607,075.20 in the previous year[19] - Net profit for Q1 2021 was ¥93,375,421.40, compared to ¥41,607,075.20 in Q1 2020, representing a 125% increase[41] - Operating profit for Q1 2021 was ¥110,945,474.30, up from ¥54,065,782.82 in Q1 2020, indicating a 105% growth[41] Cash Flow - Cash flow from operating activities showed a net outflow of CNY -24,385,752.94, compared to a positive cash flow of CNY 78,020,132.36 in the same period last year[11] - The net cash flow from operating activities decreased to -¥24,385,752.94, compared to ¥78,020,132.36 in the same period last year[23] - The cash flow from operating activities in Q1 2021 was negative CNY 24,385,752.94, compared to positive CNY 78,020,132.36 in Q1 2020, indicating a decline in cash generation[48] - The cash flow from investing activities in Q1 2021 was negative CNY 31,384,683.48, compared to negative CNY 24,945,902.79 in Q1 2020, reflecting increased investment outflows[48] - The cash flow from financing activities in Q1 2021 was positive CNY 93,421,945.46, a significant recovery from negative CNY 1,667,289,645.26 in Q1 2020[48] - The total cash and cash equivalents at the end of Q1 2021 were CNY 1,838,816,730.19, up from CNY 901,802,715.66 at the end of Q1 2020[48] Assets and Liabilities - The company’s total assets at the end of the reporting period were CNY 4,815,676,760.79, a decrease of 1.78% from the end of the previous year[11] - The total assets as of March 31, 2021, were ¥4,815,676,760.79, a decrease from ¥4,903,124,191.87 at the end of the previous year[28] - The total liabilities decreased to ¥3,572,377,991.59 from ¥3,753,102,467.12 year-on-year[32] - Total liabilities increased to ¥1,728,264,666.91 as of March 31, 2021, compared to ¥1,575,228,572.88 at the end of 2020, representing a 10% rise[38] - Total liabilities stand at approximately $1.58 billion, indicating a significant leverage position[62] - Current liabilities amounted to RMB 3,110,378,526.18 as of January 1, 2021, with a slight increase[56] Shareholder Information - The number of shareholders at the end of the reporting period was 52,498, with the largest shareholder holding 19.32% of the shares[14] - The company reported a basic earnings per share of CNY 0.032, a substantial increase of 3,100% from CNY 0.001 in the previous year[11] - The company reported a basic earnings per share of ¥0.032 for Q1 2021, compared to ¥0.001 in Q1 2020[41] Research and Development - Research and development expenses increased, driven by higher design costs for new products related to BMW's new business[18] - Research and development expenses surged by 212.51%, amounting to ¥32,786,315.57, up from ¥10,491,370.12 in the same period last year[19] - Research and development expenses increased to ¥32,786,315.57 in Q1 2021, significantly higher than ¥10,491,370.12 in Q1 2020, reflecting a 213% rise[41] Investment and Restructuring - The company completed a significant asset restructuring by acquiring a 50% stake in Shenyang Jinbei Adient Automotive Parts Co., Ltd. from Adient Asia Holdings Co., Limited[24] - Investment income saw a remarkable increase of 409.25%, totaling ¥8,033,378.29 compared to ¥1,577,498.74 in the previous year[19] Financial Management - The company received CNY 107,000,000.00 in borrowings during Q1 2021, compared to CNY 40,000,000.00 in Q1 2020, indicating increased reliance on debt financing[48] - The company reported a decrease in management expenses to CNY 4,395,922.30 in Q1 2021 from CNY 6,188,327.55 in Q1 2020, reflecting cost control measures[45] - The interest expenses decreased significantly to CNY 11,804,940.15 in Q1 2021 from CNY 21,806,659.09 in Q1 2020, indicating improved financial management[45] Future Outlook - Future outlook includes potential strategies for market expansion and product development, although specific figures were not disclosed[62]