神驰机电(603109) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue rose by 86.16% to CNY 479,085,398.72 year-on-year[5] - Net profit attributable to shareholders increased by 123.65% to CNY 45,077,070.14 compared to the same period last year[5] - Basic earnings per share increased by 121.43% to CNY 0.31[5] - Revenue for Q1 2021 reached 479,085,398.72, an increase of 86.16% compared to 257,354,874.36 in Q1 2020, attributed to recovery from the pandemic[13] - Net profit for Q1 2021 was 45,077,070.14, representing a 123.65% increase from 20,155,345.97 in Q1 2020, driven by increased sales revenue[14] - Total operating revenue for Q1 2021 reached ¥479,085,398.72, a significant increase of 86.0% compared to ¥257,354,874.36 in Q1 2020[38] - Operating profit for Q1 2021 was ¥48,674,317.13, up 103.0% from ¥23,954,276.13 in the same period last year[38] - The total comprehensive income for Q1 2021 was ¥43,626,819.18, compared to ¥18,735,362.58 in Q1 2020, marking an increase of 133.3%[39] Cash Flow - The net cash flow from operating activities decreased significantly by 1533.06% to -CNY 147,467,855.21[5] - Cash flow from operating activities showed a net outflow of -147,467,855.21, worsening from -9,030,174.12 in the previous year, primarily due to increased prepayments for materials[14] - Cash inflow from operating activities in Q1 2021 was CNY 427,338,760.44, a 56.3% increase from CNY 273,686,244.56 in Q1 2020[44] - Net cash outflow from operating activities in Q1 2021 was CNY -147,467,855.21, compared to CNY -9,030,174.12 in Q1 2020[45] - Cash inflow from investment activities in Q1 2021 was CNY 651,918,279.50, while cash outflow was CNY 561,549,793.43, resulting in a net cash inflow of CNY 90,368,486.07[45] - The company reported a net cash increase of CNY -74,228,935.41 in Q1 2021, compared to CNY -413,403,154.70 in Q1 2020[46] Assets and Liabilities - Total assets increased by 0.58% to CNY 2,173,857,614.85 compared to the end of the previous year[5] - Current liabilities decreased to CNY 545,580,060.38 from CNY 576,438,801.09, a reduction of about 5.1%[31] - Total liabilities decreased to CNY 811,090,516.13 from CNY 842,190,335.68, a decline of approximately 3.7%[32] - Shareholders' equity increased to CNY 1,362,767,098.72 from CNY 1,319,140,279.54, representing a growth of about 3.3%[32] - Total assets amounted to CNY 2,165,408,356.56, with current assets at CNY 1,799,623,390.63[50] - Total liabilities reached CNY 846,268,077.02, with current liabilities at CNY 576,438,801.09[51] - Owner's equity totaled CNY 1,319,140,279.54, reflecting a strong capital base[52] Shareholder Information - The company had a total of 16,362 shareholders at the end of the reporting period[10] Research and Development - R&D expenses rose to 12,344,791.21, a 50.87% increase from 8,182,567.53 in the previous year, reflecting the company's commitment to innovation[14] - Research and development expenses for Q1 2021 amounted to ¥12,344,791.21, up 50.5% from ¥8,182,567.53 in Q1 2020[38] Legal Matters - The company is involved in a patent infringement lawsuit with Chongqing Lihua Automation Technology Co., Ltd., claiming damages of RMB 10 million[21] - The court has scheduled a hearing for the patent infringement case on March 22, 2021, with the company awaiting the court's decision[25] - The company has engaged a legal firm to assess the patent claims, which concluded that the company's technology does not infringe on the plaintiff's patent[23] - The company has been proactive in addressing the lawsuit, including hiring a judicial appraisal institution to evaluate the technical aspects of the case[22] Financial Management - Financial expenses increased by 431.81% to -4,909,503.83 due to increased foreign exchange gains[14] - The company reported a net cash flow from investment activities of CNY 56,601,070.25 in Q1 2021, compared to a net outflow of CNY -402,088,640.72 in Q1 2020[47] - The company reported no significant changes in net profit expectations compared to the previous year, indicating stability in financial performance[27] - The company is focused on maintaining its market position while navigating the ongoing legal challenges[24]