神马电力(603530) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue for the period was CNY 119,013,281.10, representing a year-on-year increase of 15.29%[17] - Net profit attributable to shareholders was CNY 8,140,097.52, down 53.15% from the previous year[17] - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 6,837,309.21, a decrease of 61.60% year-on-year[17] - The weighted average return on equity decreased by 54.38 percentage points to 0.73%[17] - Basic and diluted earnings per share were both CNY 0.02, a decline of 50.00% compared to the previous year[17] - The total operating profit for Q1 2021 was ¥12,207,563.03, a decrease from ¥24,837,633.48 in Q1 2020, representing a decline of approximately 51.0%[64] - The net profit for Q1 2021 was ¥8,660,064.04, down from ¥17,387,066.03 in Q1 2020, indicating a decrease of about 50.2%[64] Cash Flow - The net cash flow from operating activities was negative CNY 6,859,914.13, worsening by 30.21% compared to the same period last year[17] - Cash inflow from operating activities totaled ¥122,701,561.16 in Q1 2021, compared to ¥97,607,891.32 in Q1 2020, reflecting an increase of approximately 25.7%[68] - Cash outflow from operating activities was ¥129,561,475.29 in Q1 2021, up from ¥102,876,077.14 in Q1 2020, marking an increase of about 26.0%[68] - The net cash flow from operating activities for Q1 2021 was -¥6,859,914.13, compared to -¥5,268,185.82 in Q1 2020, indicating a worsening of approximately 30.2%[68] - The company reported a significant increase in cash flow from tax refunds, amounting to 11,466,505.41 RMB, a 165.49% increase compared to the previous period[32] - Cash and cash equivalents at the end of Q1 2021 amounted to ¥277,863,081.68, compared to ¥120,338,525.37 at the end of Q1 2020, indicating an increase of approximately 130.9%[70] Expenses - Sales expenses increased by 44.72% year-on-year, reflecting enhanced marketing efforts and expanded global market coverage[31] - R&D expenses rose by 35.02% year-on-year, driven by increased personnel and software/hardware investments to boost innovation and product development[35] - Management expenses surged by 68.03% year-on-year, primarily due to depreciation from fixed assets and consulting fees for industry chain acquisitions[35] - Total operating costs for Q1 2021 were CNY 109,877,344.72, up 40.5% from CNY 78,351,272.39 in Q1 2020[55] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,326,079,171.78, a decrease of 3.91% compared to the end of the previous year[17] - Non-current assets totaled 560,864,749.95, down from 565,773,219.67, representing a decrease of about 0.8%[46] - Current liabilities decreased significantly from 204,905,033.96 to 143,758,563.36, a reduction of approximately 30%[46] - Total liabilities decreased from 261,967,464.49 to 199,926,509.06, a decline of approximately 23.7%[46] - The company's total equity increased from 1,118,012,565.20 to 1,126,152,662.72, a growth of about 0.7%[46] Shareholder Information - The total number of shareholders at the end of the reporting period was 16,579, with the largest shareholder holding 67.49% of the shares[23] - The company’s actual controllers hold a combined 89.99% of the shares, indicating a strong control over the company[26] Strategic Initiatives - The company is focusing on the development of maintenance-free composite insulation products to accelerate the replacement of traditional products in the global power grid market[29] - The company has completed the non-public issuance of A-shares, approved by the China Securities Regulatory Commission, to support its growth initiatives[36] Other Financial Metrics - The company reported a credit impairment loss of CNY 890,033.72 in Q1 2021, compared to a loss of CNY 780,282.24 in Q1 2020[58] - The company experienced a fair value change loss of CNY 551,470.15 in Q1 2021[58] - Cash outflow for the acquisition of fixed assets, intangible assets, and other long-term assets was $16,457,113.09, a decrease from $17,603,728.79 in the previous period[72] Compliance and Reporting - The company did not apply the new leasing standards for the current reporting period[74] - There were no adjustments made to prior comparative data due to the new leasing standards[76] - The company has not issued an audit report for the current period[76]