三角轮胎(601163) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue rose by 25.46% to CNY 2,271,404,742.25 year-on-year[11] - Net profit attributable to shareholders increased by 21.03% to CNY 193,341,449.38 compared to the same period last year[11] - Basic earnings per share increased by 20.00% to CNY 0.24[11] - Total operating revenue for the first quarter of 2021 was approximately ¥2.31 billion, an increase of 27% compared to ¥1.82 billion in the same period of 2020[44] - Net profit for the first quarter of 2021 reached approximately ¥193.29 million, up 21% from ¥159.48 million in the first quarter of 2020[44] - Operating profit for the first quarter of 2021 was approximately ¥230.39 million, compared to ¥192.54 million in the same quarter of 2020, reflecting a growth of 20%[42] Cash Flow - Net cash flow from operating activities decreased by 82.40% to CNY 48,990,625.75 compared to the previous year[11] - The company reported a net cash flow from operating activities of ¥48,990,625.75, a decrease of 82.40% compared to ¥278,383,344.14 in the same period last year, primarily due to rising raw material prices and adjustments in procurement payment methods[20] - Cash inflow from operating activities in Q1 2021 was CNY 1,915,845,287.36, an increase from CNY 1,488,136,590.23 in Q1 2020, showing a growth of about 28.8%[50] - Cash outflow from operating activities in Q1 2021 totaled CNY 1,866,854,661.61, compared to CNY 1,209,753,246.09 in Q1 2020, representing an increase of approximately 54.5%[50] - The net cash flow from operating activities for Q1 2021 was -341,101,167.92 RMB, a significant decline compared to 274,696,294.70 RMB in Q1 2020[52] Assets and Liabilities - Total assets increased by 3.53% to CNY 17,241,543,873.04 compared to the end of the previous year[11] - The company’s total liabilities increased from ¥5,200,257,869.60 to ¥5,529,590,554.71, reflecting an increase of approximately 6.34%[30] - The company’s non-current assets totaled ¥6,000,474,783.60, slightly down from ¥6,003,705,936.27, indicating a marginal decrease of 0.04%[30] - Total liabilities increased to ¥6,037,066,126.83 from ¥5,939,375,917.47, reflecting a rise of approximately 1.7%[38] - The total current liabilities were approximately $5.55 billion, with an increase of $13.85 million compared to the previous period[67] Shareholder Information - The number of shareholders reached 56,781 by the end of the reporting period[14] - The largest shareholder, Triangle Group Co., Ltd., holds 56.84% of the shares[14] - The company’s equity attributable to shareholders rose to ¥10,720,817,010.14, up from ¥10,604,291,256.58, indicating an increase of around 1.1%[38] Expenses - Financial expenses rose by 783.68%, from ¥765,871.28 to ¥6,767,881.15, mainly due to increased interest expenses and decreased interest income[20] - The company’s income tax expense increased by 32.40%, from ¥27,194,450.39 to ¥36,006,488.45, primarily due to increased profits[20] - Research and development expenses increased to approximately ¥100.22 million, a rise of 3% from ¥96.90 million in the previous year[44] Other Income - The company recorded a government subsidy of CNY 4,694,545.93 related to normal business operations[11] - The company reported a non-operating income of CNY 55,500,082.21 after tax adjustments[13] - The company reported investment income of approximately ¥57.74 million, an increase from ¥47.24 million year-over-year[42] Inventory and Prepayments - The company’s inventory increased from ¥873,358,034.97 to ¥1,065,554,885.28, representing a rise of 21.96%[27] - Prepayments increased significantly by 694.71%, from ¥6,250,262.58 to ¥49,671,333.22, mainly due to an increase in raw material prepayments and advertising expenses[17]