百达精工(603331) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue for the first quarter reached CNY 298,369,889.67, a significant increase of 72.60% year-on-year[7] - Net profit attributable to shareholders of the listed company surged by 168.24% to CNY 29,134,154.39 compared to the same period last year[7] - Basic earnings per share doubled to CNY 0.16, reflecting a 100% increase from CNY 0.08 in the previous year[9] - The company reported a significant increase in prepayments, rising to CNY 18,537,712.74 from CNY 13,493,339.62, which is an increase of about 37.5%[24] - The total profit for Q1 2021 was ¥20,510,260.12, compared to ¥4,543,624.49 in Q1 2020, representing a significant increase[34] - The net profit for Q1 2021 reached ¥17,525,834.32, up from ¥4,245,418.18 in the same period last year, indicating a strong growth[34] - The company reported a total cost of operations of ¥262,962,938.78 in Q1 2021, up from ¥157,694,499.82 in Q1 2020, indicating a rise of 66.7%[31] Assets and Liabilities - Total assets increased by 1.63% to CNY 1,918,667,717.07 compared to the end of the previous year[7] - Current assets totaled CNY 868,508,486.16, slightly decreased from CNY 874,675,653.03, indicating a decline of about 0.2%[24] - Total liabilities increased significantly, with a notable rise in tax payable by 123.42% to RMB 10,925,465.62, mainly due to increased VAT payable[15] - Total liabilities were CNY 939,466,216.51, a slight increase from CNY 937,637,758.36, showing a growth of approximately 0.2%[25] - Non-current assets totaled CNY 1,050,159,230.91, an increase from CNY 1,013,229,452.22, reflecting a growth of approximately 3.6%[24] Cash Flow - The company reported a net cash flow from operating activities of CNY -5,998,966.24, a decrease of 4.54% compared to the previous year[7] - Cash inflow from operating activities was ¥256,194,345.52 in Q1 2021, compared to ¥150,090,133.52 in Q1 2020, reflecting a year-over-year increase of approximately 70.7%[35] - Cash outflow from operating activities totaled ¥262,193,311.76 in Q1 2021, compared to ¥155,828,668.44 in Q1 2020, resulting in a net cash flow from operating activities of -¥5,998,966.24[36] - The cash and cash equivalents at the end of Q1 2021 were ¥136,898,568.08, down from ¥353,786,625.91 at the end of Q1 2020, showing a decrease of approximately 61.3%[37] Shareholder Information - The total number of shareholders reached 7,886 by the end of the reporting period[12] - The largest shareholder, Baida Holdings Group Co., Ltd., holds 29.00% of the shares, with 51,896,051 shares pledged[12] - Shareholders' equity reached CNY 979,201,500.56, up from CNY 950,267,346.89, indicating an increase of about 3.1%[25] Research and Development - Research and development expenses increased by 65.68% to RMB 8,921,783.32, reflecting the growth in R&D projects[16] - Research and development expenses increased to ¥8,921,783.32 in Q1 2021, up from ¥5,384,803.09 in Q1 2020, reflecting a growth of 65.6%[31] Other Financial Metrics - The weighted average return on net assets increased by 1.87 percentage points to 3.28%[7] - The company recognized a government subsidy of CNY 1,409,896.66 related to employment, contributing to its non-operating income[9] - The company experienced a foreign exchange gain of CNY 3,109,912.00 from forward foreign exchange settlement[9] - The company has not reported any overdue commitments or significant changes in expected cumulative net profit for the year[21]