Sunway(SH:603333)2021-04-29 16:00Financial Performance - Operating revenue increased by 75.20% to CNY 360,699,896.27 year-on-year[4] - The net profit attributable to shareholders was CNY 2,093,122.36, a significant recovery from a loss of CNY -15,047,436.31 in the previous year[4] - The company reported a net profit attributable to shareholders of ¥2,093,122.36, a significant recovery from a loss of -¥15,047,436.31 in the same period last year, driven by increased revenue and reduced financial expenses[14] - Net profit for Q1 2021 was CNY 1,676,429.96, a significant recovery from a net loss of CNY 15,239,270.99 in Q1 2020[29] - The company reported a comprehensive income total of CNY 5,988,166.66 for Q1 2021, recovering from a comprehensive loss of CNY 85,293,380.99 in Q1 2020[29] - Total comprehensive income for Q1 2021 was ¥1,220,544.67, compared to -¥60,618,057.11 in Q1 2020, showing a recovery in overall financial performance[33] Cash Flow - Net cash flow from operating activities was negative at CNY -167,101,437.07, a decrease of 2,668.33% compared to the same period last year[4] - Net cash flow from operating activities was -¥167,101,437.07, a significant decline from ¥6,506,222.46, mainly due to increased cash payments for raw material purchases[16] - Cash flow from operating activities for Q1 2021 was -¥167,101,437.07, a decline from ¥6,506,222.46 in Q1 2020[35] - The net cash flow from operating activities was -$159.39 million, a significant decrease compared to $52.99 million in the previous period[40] - Total cash inflow from operating activities was $361.83 million, while cash outflow was $521.22 million, resulting in a net cash outflow of $159.39 million[40] Assets and Liabilities - Total assets decreased by 6.71% to CNY 2,972,942,227.19 compared to the end of the previous year[4] - Total assets decreased to ¥2,972,942,227.19 from ¥3,186,754,331.33, reflecting a reduction in current assets[19] - Total liabilities decreased to ¥1,478,909,025.64 from ¥1,644,544,963.57, indicating improved financial stability[21] - Total liabilities decreased to CNY 1,290,186,184.20 in Q1 2021 from CNY 1,526,945,717.86 in Q1 2020, a reduction of 15.4%[25] Shareholder Information - The number of shareholders reached 22,579 at the end of the reporting period[7] - The top two shareholders, Li Guangsheng and Li Guangyuan, hold 30.00% and 28.00% of shares respectively, both of which are pledged[7] Operating Costs and Expenses - Operating costs increased by 88.64% to ¥309,501,749.75 from ¥164,073,680.51, mainly driven by the rise in copper prices and increased revenue[13] - R&D expenses rose by 47.36% to ¥12,923,681.76 from ¥8,770,122.78, reflecting increased investment in research and development[14] - Financial expenses decreased by 65.88% to ¥3,820,285.51 from ¥11,198,018.04, attributed to the repayment of part of the working capital loans and reduced interest expenses[14] - Research and development expenses increased to CNY 12,923,681.76 in Q1 2021, up 47.2% from CNY 8,770,122.78 in Q1 2020[28] - The company incurred financial expenses of ¥3,190,377.86 in Q1 2021, a decrease from ¥9,550,084.33 in Q1 2020, indicating improved cost management[32] Share Repurchase and Treasury Stock - The company repurchased shares, resulting in treasury stock increasing by 610.30% to CNY 63,684,325.72[11] Cash and Cash Equivalents - Cash and cash equivalents decreased by 45.22% to CNY 334,146,094.28 due to increased cash payments for goods and services[11] - Cash and cash equivalents at the end of Q1 2021 stood at ¥173,968,430.58, up from ¥80,507,372.63 at the end of Q1 2020[37] - The ending cash and cash equivalents balance was $155.16 million, down from $334.99 million at the beginning of the period[40] Investment Activities - Net cash flow from investing activities improved to ¥16,464,104.46 from -¥98,361,549.45, primarily due to a decrease in margin payments for futures[16] - Cash inflow from investment activities was $25.00 million, with a net cash flow from investment activities of $17.42 million, compared to a net outflow of $61.16 million in the previous period[40]