福达合金(603045) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue surged by 136.24% to CNY 608,724,880.16 year-on-year[5] - Net profit attributable to shareholders reached CNY 7,350,926.70, a significant increase of 172.44% compared to the same period last year[5] - Basic earnings per share improved to CNY 0.0543, up 173.44% from a loss of CNY -0.0739 in the previous year[5] - Operating profit for Q1 2021 was ¥5,746,284.28, recovering from a loss of ¥12,764,165.32 in Q1 2020[26] - Net profit for Q1 2021 was ¥7,350,926.70, compared to a net loss of ¥10,148,088.39 in Q1 2020, marking a turnaround[26] - The company reported a total profit of ¥5,818,430.57 for Q1 2021, compared to a total loss of ¥13,004,290.32 in Q1 2020[26] - The company’s total comprehensive income for Q1 2021 was 8,320,025.45 RMB, a decrease from -10,317,528.35 RMB in Q1 2020[30] Assets and Liabilities - Total assets increased by 7.16% to CNY 2,048,642,828.90 compared to the end of the previous year[5] - Total assets increased to ¥2,051,179,370.17 in Q1 2021, compared to ¥1,913,127,098.84 in Q1 2020, indicating growth in the company's asset base[25] - Current assets totaled CNY 1,430,350,794.95, up from CNY 1,358,975,222.36, indicating an increase of about 5.2%[22] - Total liabilities rose to CNY 1,217,313,023.68 from CNY 1,087,920,933.05, which is an increase of about 11.9%[24] - Non-current liabilities increased to CNY 304,294,101.09 from CNY 159,652,880.85, reflecting a growth of approximately 90.5%[24] - Owner's equity totaled CNY 830,776,529.47, slightly up from CNY 823,323,153.26, indicating a marginal increase of about 0.6%[19] Cash Flow - Cash flow from operating activities showed a negative net amount of CNY -432,211,630.54, worsening by 163.71% year-on-year[5] - The company experienced a significant increase in cash outflow for purchasing goods and services, which was 1,006,756,719.21 RMB, representing a rise of about 149.5%[30] - The total cash inflow from operating activities was 691,799,820.35 RMB, up from 292,835,944.73 RMB in the same period last year, reflecting a growth of approximately 136.3%[30] - The company generated a net cash flow from investing activities of 41,743,286.56 RMB, down from 54,669,088.57 RMB in Q1 2020, indicating a decrease of approximately 23.6%[31] - Cash inflow from financing activities was 425,784,620.32 RMB, compared to 236,900,000.00 RMB in Q1 2020, marking an increase of about 80%[31] - The company’s cash flow from financing activities netted 234,326,771.84 RMB in Q1 2021, a significant increase from 23,968,950.61 RMB in Q1 2020, indicating improved financing conditions[31] Shareholder Information - The total number of shareholders reached 12,494 by the end of the reporting period[9] - The top shareholder, Wang Dawu, holds 36,248,700 shares, representing 26.34% of the total shares[10] Research and Development - Research and development expenses doubled to ¥18,275,320.78, a 102.60% increase from ¥9,020,179.04, indicating a commitment to enhancing R&D efforts[12] - Research and development expenses increased to ¥18,275,320.78 in Q1 2021, up from ¥9,020,179.04 in Q1 2020, reflecting a 102.8% increase[25] Inventory and Costs - The company's total inventory rose to ¥758,652,053.05, reflecting a 49.59% increase from ¥507,141,787.05, due to production growth and rising silver prices[11] - The company's gross profit margin was impacted by a rise in operating costs, with operating costs increasing by 146.58% to ¥544,845,781.64 from ¥220,958,313.28[12] - The company reported a significant increase in other payables, which rose by 340.42% to ¥32,417,385.68 from ¥7,360,609.49, due to the conversion of fundraising projects into fixed assets[11] Borrowings and Financial Liabilities - The company's long-term borrowings increased by 99.43% to ¥230,917,469.31 from ¥115,786,617.86, driven by the need for additional working capital due to revenue growth[11] - Short-term borrowings rose to CNY 726,509,485.80 from CNY 619,866,943.03, reflecting an increase of approximately 17.2%[24] - The financial liabilities related to trading decreased by 100% to zero, as a result of closing out silver futures hedging transactions[11] - The company experienced a 1204.95% increase in credit impairment losses, amounting to -¥3,660,335.17, primarily due to provisions for bad debts on accounts receivable[13]