八方股份(603489) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue surged by 111.41% to CNY 526,995,189.99 year-on-year[11] - Net profit attributable to shareholders rose by 110.87% to CNY 150,261,848.36 compared to the same period last year[11] - Basic earnings per share increased by 79.02% to CNY 6.32, while diluted earnings per share rose by 111.86% to CNY 1.25[11] - The company reported a significant increase in net profit after deducting non-recurring gains and losses, which rose by 112.98% to CNY 148,847,781.43[11] - The company reported a total comprehensive income of ¥880,848,644.60 for the first quarter of 2021, up from ¥732,340,170.40 in the same period last year[39] - Total operating revenue for the first quarter was ¥526,995,189.99, a significant increase from ¥249,281,795.49 in the same period last year, representing a growth of approximately 111.4%[42] - Operating profit reached ¥175,532,789.05, compared to ¥83,546,471.51 in the previous year, indicating an increase of about 110.5%[42] - Net profit for the quarter was ¥150,261,848.36, up from ¥71,257,816.02, reflecting a growth of approximately 110.5%[42] Assets and Liabilities - Total assets increased by 8.72% to CNY 3,099,264,430.28 compared to the end of the previous year[11] - Total liabilities amounted to ¥649,591,971.33, an increase from ¥547,745,131.85 year-over-year[32] - The total equity attributable to shareholders rose to ¥2,449,672,458.95 from ¥2,302,888,129.51, marking an increase of about 6.4%[32] - The company's retained earnings increased to ¥869,763,579.46 from ¥719,501,731.10, representing a growth of approximately 20.9%[32] - Total current liabilities decreased to ¥464,445,946.99 from ¥482,960,764.05, indicating a reduction of about 3.2%[38] - Total assets reached ¥2,959,851,240.87, compared to ¥2,829,857,583.73 in the previous year[38] Cash Flow - Net cash flow from operating activities increased by 27.29% to CNY 53,471,526.91[11] - The net cash flow from operating activities for Q1 2021 was ¥53,471,526.91, an increase of 27.5% compared to ¥42,006,106.89 in Q1 2020[55] - Total cash inflow from operating activities in Q1 2021 was ¥457,394,064.65, compared to ¥289,309,773.80 in Q1 2020, reflecting a growth of 58.3%[53] - Cash outflow for purchasing goods and services in Q1 2021 was ¥321,506,834.20, an increase of 77.9% from ¥180,884,900.74 in Q1 2020[53] - The net cash flow from investment activities in Q1 2021 was -¥362,073,335.65, worsening from -¥262,324,552.88 in Q1 2020[55] Shareholder Information - The number of shareholders reached 5,877 by the end of the reporting period[14] - The top shareholder, Wang Qinghua, holds 40.39% of the shares, totaling 48,600,000 shares[14] Research and Development - Research and development expenses rose by 30.78% to ¥8,649,688.12, primarily due to increased salaries for R&D personnel[21] - Research and development expenses amounted to ¥8,649,688.12, up from ¥6,614,071.37, which is an increase of about 30.8% year-over-year[42] Other Financial Metrics - The company received government subsidies, leading to other income of ¥1,186,144.20, a 415.71% increase compared to ¥230,000.00 in the previous year[23] - Financial expenses increased by 438.27%, amounting to -¥10,238,885.84, largely due to higher interest income from time deposits and exchange rate fluctuations[21] - The company reported a tax expense of ¥25,354,708.18, up from ¥13,411,037.00, which is an increase of about 88.9%[42] Audit and Reporting - The report is unaudited, indicating that the figures may be subject to change upon final audit[10] - The company executed the new lease accounting standard starting January 1, 2021, impacting the financial statements[66]