福达股份(603166) - 2021 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders increased by 110.68% to CNY 62,178,363.94 compared to the same period last year[6] - Operating revenue rose by 75.37% to CNY 537,928,461.31 compared to the same period last year[6] - Basic earnings per share increased by 110.00% to CNY 0.105 per share[6] - Operating revenue grew by 75.37% year-on-year, driven by increased production and sales in the automotive industry and higher customer demand[13] - Net profit for Q1 2021 reached CNY 62,178,363.94, representing a 110.5% increase from CNY 29,512,908.16 in Q1 2020[29] - Total revenue from sales of goods and services reached CNY 501,603,185.59 in Q1 2021, a substantial increase from CNY 280,336,212.33 in Q1 2020, representing a growth of approximately 79%[32] - The company reported a total comprehensive income of CNY 6,409,831.86 in Q1 2021, a significant improvement from a total comprehensive loss of CNY 3,440,576.11 in Q1 2020, highlighting overall financial recovery[31] Cash Flow - Net cash flow from operating activities surged by 1,138.03% to CNY 117,169,744.98 compared to the same period last year[6] - Cash flow from operating activities increased to CNY 117,169,744.98 in Q1 2021, up from CNY 9,464,213.69 in Q1 2020, reflecting improved cash generation capabilities[32] - The net cash flow from investing activities was negative at CNY -125,261,738.06 in Q1 2021, worsening from CNY -26,708,427.08 in Q1 2020, indicating increased capital expenditures[33] - The net cash flow from financing activities was -$95,279,833.33, indicating a substantial outflow compared to a positive cash flow of $50,037,137.50 in the previous period[35] Assets and Liabilities - Total assets increased by 2.85% to CNY 3,486,259,887.02 compared to the end of the previous year[6] - Other receivables increased by 178.78% compared to the beginning of the period, mainly due to increased personal petty cash and unaccounted insurance fees[12] - Other non-current assets increased by 120.27% compared to the beginning of the period, mainly due to the increase in prepaid equipment and land acquisition costs[13] - Contract liabilities increased by 106.51% compared to the beginning of the period, primarily due to the increase in advance payments for scrap iron[13] - Total liabilities for Q1 2021 were CNY 450,375,137.59, a decrease from CNY 470,830,590.92 in the previous period[25] - Total equity increased to CNY 2,030,210,998.56 in Q1 2021, compared to CNY 2,023,801,166.70 in the previous period[25] Expenses - The company reported a significant increase in sales expenses by 47.91% to CNY 10,301,570.10 compared to the previous year[11] - Operating costs increased by 75.47% year-on-year, mainly due to the rise in operating revenue[13] - Financial expenses increased by 32.57% year-on-year, primarily due to a larger amount of cash discounts and increased discount interest[13] - Research and development expenses for Q1 2021 were CNY 23,035,398.29, up from CNY 19,732,671.98 in Q1 2020[28] - The company reported a financial expense of CNY 8,079,138.11 in Q1 2021, compared to CNY 6,094,461.55 in Q1 2020[28] Investment Performance - Investment income improved by 78.76% compared to the previous year, indicating a recovery in investment performance[12] - Investment income increased by 78.76% year-on-year, primarily due to a reduction in losses from Fuda Alfin[13] - Asset disposal gains increased by 3202.73% year-on-year, mainly due to higher gains from fixed asset disposals[13] Operational Changes - The company has not disclosed any new product developments or market expansion strategies in this report[11] - The company incurred R&D expenses of CNY 4,043,532.83 in Q1 2021, down from CNY 4,999,266.50 in Q1 2020, indicating a reduction in investment in research and development[31] - The company’s management expenses increased to CNY 11,575,407.80 in Q1 2021 from CNY 11,231,580.87 in Q1 2020, indicating a rise in operational costs[31]