美思德(603041) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue rose by 52.89% to CNY 124,609,447.68 year-on-year[6] - Net profit attributable to shareholders decreased by 1.38% to CNY 20,595,136.04 compared to the same period last year[6] - The company reported a basic earnings per share of CNY 0.15, unchanged from the previous year[6] - Revenue for Q1 2021 reached ¥124.61 million, a 52.89% increase compared to ¥81.50 million in the same period last year[13] - Net profit for Q1 2021 was CNY 20,596,206.33, slightly down by 1.4% from CNY 20,883,492.32 in Q1 2020[29] - Total operating revenue for Q1 2021 was CNY 124,609,447.68, an increase of 53.0% compared to CNY 81,502,808.80 in Q1 2020[27] - Total profit for Q1 2021 was CNY 12,583,008.25, a decrease of 46.4% from CNY 23,479,167.75 in Q1 2020[32] Assets and Liabilities - Total assets increased by 3.31% to CNY 1,032,854,991.88 compared to the end of the previous year[6] - Total assets as of March 31, 2021, amounted to ¥1,032.85 million, up from ¥999.74 million at the end of 2020[19][22] - The total liabilities increased to ¥121.11 million from ¥109.06 million, reflecting higher operational costs and short-term borrowings[22] - Total liabilities as of March 31, 2021, were CNY 74,703,179.58, compared to CNY 62,819,441.50 at the end of 2020, reflecting a rise of 19.0%[25] - The company's total equity increased to CNY 790,978,568.04 from CNY 779,952,063.61 at the end of 2020, a growth of 1.3%[25] - The company's total assets as of Q1 2021 were CNY 999,738,516.99, showing a minor decrease from CNY 1,000,204,545.11 at the start of the year[41] - The total liabilities of the company as of Q1 2021 were CNY 109,064,946.61, slightly down from CNY 109,530,974.73 at the beginning of the year[42] Cash Flow - Net cash flow from operating activities decreased by 42.54% to CNY 7,765,809.13[6] - Cash generated from operating activities fell by 42.54% to ¥7.77 million compared to ¥13.52 million in the previous year, primarily due to increased payments for raw material purchases[15][26] - Cash inflow from operating activities totaled CNY 44,192,263.89 in Q1 2021, up 36.76% from CNY 32,291,927.64 in Q1 2020[37] - The company reported a total operating cash inflow of CNY 44,192,263.89, while total operating cash outflow was CNY 41,763,748.33, resulting in a net operating cash flow of CNY 2,428,515.56[37] - The company’s cash flow from financing activities showed a net outflow of CNY -2,902,068.44 in Q1 2021, compared to a net inflow of CNY 2,762,636.69 in Q1 2020[36] Receivables and Inventory - Accounts receivable increased by 45.19% to CNY 91,728,463.23 compared to the end of the previous year[11] - Other receivables surged by 200.25% to CNY 3,006,637.27 year-on-year[11] - Inventory as of March 31, 2021, was CNY 19,433,924.74, up 4.2% from CNY 18,641,905.47 at the end of 2020[24] - Accounts receivable increased to ¥91.73 million from ¥63.18 million, indicating a growing customer base[20] Operating Costs and Expenses - Operating costs rose to ¥90.20 million, marking a 97.06% increase from ¥45.77 million year-on-year, primarily due to rising raw material prices[13][14] - Sales expenses decreased by 43.32% to ¥3.55 million from ¥6.26 million, attributed to the reclassification of transportation costs into operating costs[13][14] - Research and development expenses decreased to CNY 1,803,386.94 in Q1 2021 from CNY 2,379,635.60 in Q1 2020, a reduction of 24.2%[32] Financial Income and Investments - Investment income plummeted by 96.52% to ¥39,690 from ¥1.14 million, mainly due to reduced returns from structured deposits[13][14] - The company reported a financial income of CNY 3,399,786.70 in Q1 2021, compared to CNY 928,946.34 in Q1 2020, indicating a significant increase[27] - The company experienced a net cash outflow from investing activities of CNY 64,036,044.40 in Q1 2021, compared to a net outflow of CNY 30,469,226.41 in Q1 2020, indicating a significant increase in investment expenditures[37] Government Subsidies - The company received government subsidies amounting to CNY 275,207.93, which are closely related to its normal business operations[9]