赛腾股份(603283) - 2021 Q1 - 季度财报

Important Notes The board confirms the report's accuracy, and the financial statements for Q1 2021 are unaudited - The company's Board of Directors, Supervisory Committee, and all senior executives guarantee the truthfulness, accuracy, and completeness of this quarterly report's content, with no false information[14] - The company's Q1 2021 report is unaudited[17] Company Profile This section outlines the company's key financial data for Q1 2021 and its shareholder structure Key Financial Data In Q1 2021, revenue grew 22.38% year-over-year, while net profit attributable to shareholders declined 9.29%, but operating cash flow significantly improved by 474.55% Key Financial Data for Q1 2021 | Metric | Current Period (RMB) | Prior Year Period (RMB) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 313,690,082.88 | 256,320,759.49 | 22.38% | | Net Profit Attributable to Shareholders | 18,638,933.59 | 20,546,761.08 | -9.29% | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) | 15,201,914.28 | 17,998,429.74 | -15.54% | | Net Cash Flow from Operating Activities | 366,440,423.73 | 63,778,967.69 | 474.55% | | Basic Earnings Per Share (RMB/share) | 0.10 | 0.12 | -16.67% | | Weighted Average Return on Equity | 1.51% | 2.00% | Decreased by 0.49 percentage points | - Non-recurring gains and losses for the period totaled RMB 3,437,019.31, primarily composed of government subsidies amounting to RMB 4,906,099.91[20] Shareholder Information As of the period end, the company had 15,515 shareholders, with controlling shareholder Mr. Sun Feng and his spouse jointly controlling the company, and institutional investors among the top ten - As of the end of the reporting period, the total number of shareholders was 15,515[21] Top Ten Shareholders' Holdings | Shareholder Name | Number of Shares (shares) | Shareholding Ratio (%) | | :--- | :--- | :--- | | Sun Feng | 105,388,800 | 58.80 | | Zeng Hui | 6,012,000 | 3.35 | | National Social Security Fund Portfolio 116 | 3,134,975 | 1.75 | | Suzhou Saiwei Investment Management Center (Limited Partnership) | 3,100,000 | 1.73 | | Zhou Xueqin | 1,818,263 | 1.01 | | Hong Kong Securities Clearing Company Ltd. | 1,781,699 | 0.99 | | Zhang Xi | 1,695,690 | 0.95 | | Chen Xuexing | 1,331,881 | 0.74 | | Foresea Life Insurance Co., Ltd. - Participating Insurance Product | 999,930 | 0.56 | | Zhu Jinlong | 977,100 | 0.55 | - The company's controlling shareholder, Mr. Sun Feng, and shareholder Ms. Zeng Hui are in a spousal relationship[23] Significant Matters This section details significant changes in the company's financial statement items and provides reasons for these fluctuations Analysis of Significant Changes in Key Financial Statement Items and Indicators During the reporting period, significant fluctuations occurred across financial statements, including a 113.75% rise in cash, a 1411.98% surge in financial expenses, and a 474.55% increase in operating cash flow Analysis of Balance Sheet Item Changes Key balance sheet changes were in current assets and liabilities, highlighted by a 113.75% increase in cash due to sales collections and a corresponding 35.92% decrease in accounts receivable Major Changes in Balance Sheet Items and Reasons | Item | Change (%) | Reason for Change | | :--- | :--- | :--- | | Cash and Cash Equivalents | 113.75% | Increased collection of matured receivables during the period | | Trading Financial Assets | -45.02% | Redemption of matured wealth management products during the period | | Derivative Financial Assets | -48.81% | Partial expiration of forward foreign exchange contracts, reducing future gains | | Accounts Receivable | -35.92% | Increased collection of matured receivables during the period | | Accounts Receivable Financing | 63.60% | Increased use of acceptance bills for collecting payments | | Other Current Assets | 79.96% | Increase in input VAT credits to be deducted and prepaid corporate income tax | | Construction in Progress | 31.42% | Increased prepayment for infrastructure at the Kunshan Pingcheng subsidiary plant | | Contract Liabilities | 37.52% | Increase in customer prepayments received | | Other Comprehensive Income | 194.42% | Impact of foreign currency translation differences | Analysis of Income Statement Item Changes Core income statement changes were driven by a 1411.98% surge in financial expenses from interest and FX fluctuations and a significant increase in investment income from matured derivatives Major Changes in Income Statement Items and Reasons | Item | Change (%) | Reason for Change | | :--- | :--- | :--- | | Selling Expenses | 54.57% | Increased salaries for sales personnel during the period | | Financial Expenses | 1411.98% | Increased loan interest and significant exchange rate fluctuations | | Other Income | 45.27% | Increased government subsidies received during the period | | Investment Income | 31833.45% | Increased income from matured derivative financial assets | | Gain on Disposal of Assets | -215.01% | Increased loss on the sale of fixed assets during the period | | Non-operating Income | 211.72% | Accounts payable no longer required to be paid were recognized as income | | Non-operating Expenses | 781.65% | Increased expenses unrelated to daily activities | Analysis of Cash Flow Statement Item Changes The cash flow statement shows significantly improved operating cash flow, with cash from sales up 170.21%, alongside major changes in investment and financing activities Major Changes in Cash Flow Statement Items and Reasons | Item | YoY Change (%) | Reason for Change | | :--- | :--- | :--- | | Cash Received from Sales of Goods and Rendering of Services | 170.21% | Increased collection of matured receivables during the period | | Cash Paid for Goods and Services | 177.58% | Increased payments for material procurement during the period | | Cash Received from Return on Investments | 3009.38% | Increased cash flow from the redemption of wealth management products | | Cash Paid for Investments | 839.56% | Increased cash outflow for purchasing wealth management products | | Cash Paid for Repayment of Debts | 4053.58% | Repayment of a portion of borrowings during the period | | Cash Paid for Distribution of Dividends, Profits or Payment of Interest | 136.22% | Increased payment of loan interest during the period | Appendix This appendix contains the unaudited consolidated and parent company financial statements for Q1 2021 Financial Statements This section provides the unaudited Q1 2021 consolidated and parent company financial statements, including the balance sheet, income statement, and cash flow statement Consolidated Balance Sheet As of March 31, 2021, total assets were RMB 3.27 billion, total liabilities were RMB 1.98 billion, and equity attributable to the parent company was RMB 1.24 billion Consolidated Balance Sheet Summary (March 31, 2021) | Item | Amount (RMB) | | :--- | :--- | | Assets | | | Total Current Assets | 2,157,734,523.97 | | Total Non-current Assets | 1,111,462,270.10 | | Total Assets | 3,269,196,794.07 | | Liabilities and Equity | | | Total Current Liabilities | 1,757,238,117.07 | | Total Non-current Liabilities | 223,948,405.12 | | Total Liabilities | 1,981,186,522.19 | | Equity Attributable to Parent Company | 1,241,147,307.39 | | Minority Interest | 46,862,964.49 | | Total Equity | 1,288,010,271.88 | | Total Liabilities and Equity | 3,269,196,794.07 | Consolidated Income Statement In Q1 2021, the company achieved revenue of RMB 314 million, a 22.38% YoY increase, but net profit attributable to parent shareholders fell 9.29% to RMB 18.64 million due to rising costs Consolidated Income Statement Summary (Q1 2021) | Item | Q1 2021 (RMB) | Q1 2020 (RMB) | | :--- | :--- | :--- | | I. Total Operating Revenue | 313,690,082.88 | 256,320,759.49 | | II. Total Operating Costs | 304,601,977.16 | 240,860,613.84 | | Including: Cost of Goods Sold | 172,429,207.09 | 131,691,179.18 | | Selling Expenses | 39,128,851.32 | 28,226,436.55 | | Financial Expenses | 12,428,846.33 | 822,024.15 | | III. Operating Profit | 21,103,949.05 | 25,037,086.71 | | IV. Total Profit | 20,685,930.32 | 25,016,623.39 | | Less: Income Tax Expense | 1,466,647.79 | 2,366,444.38 | | V. Net Profit | 19,219,282.53 | 22,650,179.01 | | Net Profit Attributable to Parent Company Shareholders | 18,638,933.59 | 20,546,761.08 | Consolidated Cash Flow Statement The company's cash flow was strong in Q1 2021, with net operating cash flow increasing 474.55% to RMB 366 million, resulting in a closing cash balance of RMB 651 million Consolidated Cash Flow Statement Summary (Q1 2021) | Item | Q1 2021 (RMB) | Q1 2020 (RMB) | | :--- | :--- | :--- | | I. Net Cash Flow from Operating Activities | 366,440,423.73 | 63,778,967.69 | | Cash Received from Sales of Goods and Rendering of Services | 863,497,657.01 | 319,571,083.87 | | Cash Paid for Goods and Services | 301,683,290.10 | 108,684,568.21 | | II. Net Cash Flow from Investing Activities | 6,382,122.96 | -29,548,338.78 | | III. Net Cash Flow from Financing Activities | -10,122,734.59 | 152,131,769.30 | | IV. Effect of Exchange Rate Changes on Cash | 2,758,423.09 | 5,395,896.67 | | V. Net Increase in Cash and Cash Equivalents | 365,458,235.19 | 191,758,294.88 | | VI. Closing Balance of Cash and Cash Equivalents | 650,772,979.60 | 529,278,308.83 |