再升科技(603601) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue increased by 40.78% year-on-year to CNY 452,243,825.57, with clean air products revenue growing by 0.80%[7] - Net profit attributable to shareholders increased by 25.13% year-on-year to CNY 80,444,838.44, while net profit excluding non-recurring gains and losses rose by 26.36%[7] - Basic earnings per share increased by 22.45% to CNY 0.1118, and diluted earnings per share rose by 24.27% to CNY 0.1111[7] - Revenue from high-efficiency energy-saving products surged by 155.43% year-on-year[7] - The company reported non-recurring gains of CNY 3,975,620.70, primarily from government subsidies[8] - The company's operating revenue reached RMB 452,243,825.57, an increase of 40.78% compared to RMB 321,236,692.41 in the previous year[17] - Operating costs rose to RMB 304,790,037.02, reflecting a 61.88% increase from RMB 188,277,449.30 due to higher sales and transportation costs[17] - Research and development expenses surged by 109.11% to RMB 20,657,578.30, up from RMB 9,878,766.47, indicating a strong focus on new product development[17] Cash Flow and Liquidity - The cash flow from operating activities decreased by 64.22% year-on-year to CNY 25,316,476.29[6] - The company reported a net cash flow from operating activities of RMB 25,316,476.29, down 64.22% from RMB 70,762,143.01, attributed to increased payments for raw materials[20] - Cash and cash equivalents decreased by 45.42% to RMB 236,068,918.39 from RMB 432,479,722.16, primarily due to significant loan repayments[14] - The company’s cash flow from financing activities showed a net outflow of RMB 174,970,088.02, a significant decrease compared to a net inflow of RMB 13,845,449.82 in the previous year[21] - The total cash inflow from operating activities in Q1 2021 was ¥409,008,688.35, compared to ¥383,361,536.73 in Q1 2020, an increase of approximately 6.7%[41] - The company incurred financial expenses of ¥169,580.79 in Q1 2021, significantly lower than ¥3,235,435.55 in Q1 2020, indicating a reduction of about 94.8%[37] - The net cash flow from operating activities was $39,676,409.17, a decrease of 39% compared to $65,133,748.94 in the previous period[44] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,666,413,655.57, a decrease of 2.77% compared to the end of the previous year[6] - Current assets decreased from CNY 1,333,398,958.73 to CNY 1,204,678,599.21, a decline of approximately 9.7%[25] - Total liabilities decreased from CNY 844,234,584.82 to CNY 681,006,977.00, a reduction of about 19.3%[26] - Total equity increased from CNY 1,898,154,530.82 to CNY 1,985,406,678.57, an increase of approximately 4.6%[27] - Short-term borrowings decreased significantly from CNY 342,484,860.80 to CNY 147,705,000.00, a reduction of about 57.1%[26] - The company’s contract assets increased by 143.35% to RMB 23,900,910.64 from RMB 9,821,763.55, driven by an increase in warranty and acceptance payments[14] - The company’s other payables rose significantly by 146.14% to RMB 28,842,583.51 from RMB 11,718,151.31, mainly due to retirement wage liabilities[15] Shareholder Information - The company had a total of 40,064 shareholders at the end of the reporting period[10] - The largest shareholder, Guo Mao, holds 36.94% of the shares, with 52,000,000 shares frozen[12] Comparative Analysis - The company reported a significant increase in prepayments from CNY 16,022,970.18 to CNY 29,613,039.22, an increase of about 84.9%[24] - The total assets decreased from CNY 2,742,389,115.64 to CNY 2,666,413,655.57, a decline of approximately 2.8%[27] - The company's total assets decreased to ¥2,463,553,708.14 from ¥2,577,017,777.39, a decline of 4.4%[30] - Total liabilities decreased to ¥743,105,334.29 from ¥890,677,601.10, a reduction of 16.5%[30] - Shareholders' equity increased to ¥1,720,448,373.85 from ¥1,686,340,176.29, an increase of 2.0%[30]