渤海汽车(600960) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue increased by 14.54% to CNY 1,218,675,215.59 year-on-year[5] - Net profit attributable to shareholders was CNY 4,574,861.61, a significant recovery from a loss of CNY 10,031,543.36 in the same period last year[5] - Basic earnings per share increased to CNY 0.0048 from a loss of CNY 0.0106 in the same period last year[7] - The weighted average return on equity improved by 21.31 percentage points to 0.09%[5] - The company reported an operating profit of ¥9,246,677.29 in Q1 2021, compared to an operating loss of ¥6,696,862.55 in Q1 2020[27] - Net profit for Q1 2021 was ¥4,399,049.04, a significant recovery from a net loss of ¥14,635,661.20 in Q1 2020[27] - The total profit for Q1 2021 was ¥11,140,000.39, recovering from a loss of ¥7,790,293.22 in Q1 2020[27] Cash Flow - The net cash flow from operating activities improved to CNY 26,687,599.11, compared to a negative cash flow of CNY 44,910,858.56 in the previous year[5] - Cash flow from operating activities in Q1 2021 was ¥1,101,504,395.07, a slight decrease from ¥1,109,807,176.09 in Q1 2020[30] - Total cash inflow from operating activities was ¥1,148,053,908.07, while cash outflow was ¥1,121,366,308.96, resulting in a net increase of ¥26,687,599.11[31] - Cash inflow from financing activities was ¥250,000,000.00, while cash outflow totaled ¥1,036,543,017.58, leading to a net cash flow of -¥786,543,017.58[32] - The net increase in cash and cash equivalents for the quarter was -¥173,801,828.85, compared to -¥32,881,862.34 in Q1 2020[35] Assets and Liabilities - Total assets decreased by 8.15% to CNY 8,449,242,587.16 compared to the end of the previous year[5] - Total current assets decreased to CNY 4,297,481,149.37 from CNY 5,014,138,043.99, reflecting a decline of approximately 14.25%[17] - The company’s total liabilities increased by 33.47% in accounts payable, reaching CNY 234,894,737.88, due to increased transactions with suppliers[13] - Total liabilities decreased from ¥3,934,526,536.38 to ¥3,224,531,308.40, a reduction of about 17.9%[19] - Current liabilities decreased from ¥2,744,200,595.77 to ¥2,007,856,946.97, a decrease of approximately 26.8%[18] - Total current liabilities were ¥2,744,200,595.77, with short-term borrowings of ¥360,000,000.00 and accounts payable of ¥434,334,157.32[38] Shareholder Information - The company reported a total of 40,066 shareholders at the end of the reporting period[10] - The top two shareholders, Beijing Haina Chuan Automotive Parts Co., Ltd. and Beijing Automotive Group Co., Ltd., hold 23.04% and 21.71% of shares, respectively[10] Other Income and Expenses - Non-operating income for the period totaled CNY 6,032,032.50, compared to CNY 1,642,921.15 in the previous year[10] - The company experienced a loss of CNY 1,457,170.89 attributable to shareholders after deducting non-recurring gains and losses[5] - The company reported a significant increase in other income by 82.10%, reaching CNY 5,330,113.64, primarily due to government subsidies[13] - Total operating costs for Q1 2021 were ¥1,214,255,507.52, up 16.3% from ¥1,044,364,702.61 in Q1 2020[25] - Research and development expenses were ¥29,039,056.04 in Q1 2021, slightly down from ¥30,247,578.88 in Q1 2020[25] Inventory and Receivables - Accounts receivable increased by 29.90% to CNY 1,048,889,228.55 compared to CNY 807,440,843.18 in the previous year[13] - The company’s inventory slightly decreased to CNY 927,696,655.53 from CNY 941,510,952.14, indicating a reduction of about 1.46%[17] - Other receivables increased from ¥1,248,955,690.20 to ¥1,320,349,307.31, an increase of approximately 5.7%[22] Equity and Investments - Shareholders' equity decreased from ¥5,263,973,898.08 to ¥5,224,711,278.76, a decline of approximately 0.7%[19] - The company’s long-term equity investments increased slightly to CNY 469,678,779.34 from CNY 464,228,847.78, showing a growth of about 1.06%[17] - Long-term equity investments slightly decreased from ¥3,222,046,371.28 to ¥3,219,923,741.13, a decrease of approximately 0.1%[22] Future Outlook - The company has not reported any significant changes in its commitments or forecasts for net profit for the upcoming periods[14]