鸿远电子(603267) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue surged by 115.81% to CNY 592,540,610.52 year-on-year[11] - Net profit attributable to shareholders rose by 198.83% to CNY 218,055,574.17 compared to the same period last year[11] - Basic earnings per share improved by 193.75% to CNY 0.94[11] - Operating profit for Q1 2021 was RMB 259,586,145.40, up from RMB 85,551,815.85 in Q1 2020, representing a growth of 203.5%[48] - Net profit attributable to shareholders for Q1 2021 was RMB 218,055,574.17, compared to RMB 72,969,203.55 in Q1 2020, marking an increase of 198.5%[49] - The company achieved a total comprehensive income of RMB 218,162,382.65 in Q1 2021, compared to RMB 73,026,542.31 in Q1 2020, reflecting a growth of 198.5%[49] Assets and Liabilities - Total assets increased by 6.05% to CNY 3,347,052,377.81 compared to the end of the previous year[11] - Total non-current assets reached ¥513,690,021.62, an increase of 11.1% from ¥462,400,790.96[35] - Total liabilities decreased to ¥541,191,972.53 from ¥568,393,264.03, a reduction of 4.8%[37] - Total current assets amounted to ¥2,833,362,356.19, an increase of 5.2% from ¥2,693,690,495.70 on December 31, 2020[32] - Total liabilities decreased to RMB 377,261,022.86 in Q1 2021 from RMB 382,396,908.87 in Q1 2020, a reduction of 1.5%[48] Cash Flow - Cash flow from operating activities showed a negative net amount of CNY -171,062,320.67, worsening from CNY -52,798,660.72 in the previous year[11] - The net cash flow from operating activities was -¥171,062,320.67, a substantial decline from -¥52,798,660.72 in the previous year[24] - Cash inflow from operating activities totaled ¥325,699,799.70, up from ¥198,877,378.16 year-over-year, indicating a growth of approximately 64%[55] - The company reported a net cash outflow from investment activities of -¥84,603,711.14, a decrease of 162.72% compared to a net inflow of ¥134,890,481.10 last year[24] Shareholder Information - The number of shareholders at the end of the reporting period was 12,125[14] - The largest shareholder, Zheng Hong, holds 28.75% of the shares[14] Research and Development - Research and development expenses increased by 67.46%, totaling ¥11,933,204.14, driven by new projects and increased labor costs[22] - Research and development expenses in Q1 2021 totaled RMB 11,933,204.14, up from RMB 7,125,819.22 in Q1 2020, reflecting a growth of 67.5%[48] Other Income and Expenses - The company reported a total of CNY 5,499,267.20 in other income after tax effects[13] - The company’s other income increased by 67.51% to ¥3,783,294.50, mainly due to higher government subsidies received[22] - The company reported a decrease in sales expenses to RMB 12,738,575.14 in Q1 2021 from RMB 15,894,263.87 in Q1 2020, a decline of 19.5%[48] Inventory and Accounts Receivable - Accounts receivable increased by 41.01% to CNY 1,262,776,216.59 compared to the end of the previous year[18] - The accounts receivable balance increased significantly, primarily due to rapid revenue growth, particularly from military clients, leading to higher outstanding amounts[21] - Inventory rose to ¥225,878,566.47, an increase of 5.9% from ¥214,624,114.99[32]