远东股份(600869) - 2021 Q1 - 季度财报

Financial Performance - The company achieved operating revenue of 3.767 billion RMB, a year-on-year increase of 48.78%[17] - The net profit attributable to shareholders reached 120 million RMB, a significant year-on-year growth of 277.77%[17] - The net cash flow from operating activities was 220 million RMB, reflecting a year-on-year increase of 389.57%[17] - The smart cable network segment generated revenue of 2.777 billion RMB, with a year-on-year growth of 19.58%[18] - The smart battery segment reported revenue of 312 million RMB, a remarkable year-on-year increase of 267.91%[19] - The smart airport segment achieved revenue of 662 million RMB, showing a substantial year-on-year growth of 443.97%[20] - Basic earnings per share were 0.0539 RMB, compared to a loss of 0.0303 RMB in the same period last year, marking a growth of 277.89%[23] - The company's operating revenue for the current period reached RMB 376,702.40 million, representing a year-on-year increase of 48.78% due to increased sales volume[29] - The company's operating costs amounted to RMB 337,039.51 million, reflecting a year-on-year increase of 58.16%, also attributed to higher sales volume[29] - The company's operating profit for the current period is approximately ¥146.65 million, compared to a loss of ¥55.98 million in the previous period[61] - The total profit amounts to approximately ¥146.03 million, while the previous period recorded a total loss of ¥55.16 million[61] - The net profit for the current period is approximately ¥124.58 million, compared to a net loss of ¥63.46 million in the previous period[61] Assets and Liabilities - The total assets at the end of the reporting period were 179.40 billion RMB, an increase of 6.40% compared to the end of the previous year[23] - The net assets attributable to shareholders were 33.01 billion RMB, up by 3.76% from the previous year[23] - The company's total current assets amounted to approximately 12.58 billion RMB, an increase from 11.48 billion RMB in the previous year[42] - The company's total liabilities as of March 31, 2021, were approximately 14.53 billion RMB, an increase from 13.58 billion RMB in the previous year[48] - The company's total assets reached approximately 17.94 billion RMB as of March 31, 2021, compared to 16.86 billion RMB at the end of 2020[48] - The company's inventory as of March 31, 2021, was approximately 2.20 billion RMB, up from 1.96 billion RMB at the end of 2020, indicating a growth of about 12.5%[42] - The company reported a decrease in accounts receivable from approximately 4.13 billion RMB in 2020 to about 3.74 billion RMB in 2021, a reduction of approximately 9.5%[42] Cash Flow - The net cash flow from operating activities was RMB 21,977.05 million, a substantial increase of 389.57% compared to the same period last year, mainly due to better collection of receivables[31] - Cash inflow from operating activities for Q1 2021 was CNY 4,110,075,148.65, up from CNY 2,984,331,640.97 in Q1 2020, representing an increase of approximately 37.8%[69] - Net cash flow from operating activities for Q1 2021 was CNY 219,770,480.43, compared to CNY 44,890,512.87 in Q1 2020, indicating a significant improvement[69] - Cash inflow from financing activities in Q1 2021 was CNY 3,541,687,797.96, significantly higher than CNY 1,513,677,699.94 in Q1 2020[70] - The ending cash and cash equivalents balance for Q1 2021 was CNY 815,000,520.67, down from CNY 672,004,998.32 in Q1 2020[70] Legal Matters - The company is involved in ongoing litigation with Shaanxi Tongjia Automobile Co., Ltd., with a court ruling requiring the company to pay RMB 114.52 million in goods and RMB 41.42 million in penalties[33] - The company has also filed an appeal against a court ruling regarding a contract dispute with Yichun Gary New Energy Co., Ltd., seeking compensation of RMB 300 million for product quality issues[34] - As of July 2016, the company filed a lawsuit against Tibet Rong'en for 50 million RMB in unpaid amounts, plus penalties totaling 36.15 million RMB and additional losses of approximately 10.28 million RMB[37] - In February 2021, the Qinghai Provincial High Court revoked the previous civil judgment and ordered a retrial of the case[38] Research and Development - Research and development expenses for Q1 2021 were ¥61,806,612.42, up from ¥53,686,341.93 in Q1 2020, reflecting an increase of approximately 15.5%[58]