亿嘉和(603666) - 2021 Q1 - 季度财报

Important Notice Board Statement The company's board, supervisory board, and senior management ensure the truthfulness, accuracy, and completeness of this quarterly report, which was reviewed by all directors but not audited - The company's board, supervisory board, and senior management guarantee the quarterly report's content is true, accurate, and complete, with no false statements, misleading representations, or major omissions[10] - This company's Q1 2021 report is unaudited[8] Company Basic Information Key Financial Data In Q1 2021, the company achieved significant performance growth with operating revenue up 32.56% to $191.10 million and net profit attributable to shareholders up 66.30% to $57.57 million, driven by indoor wheeled inspection robot business and increased cash from discounted bank acceptance bills | Indicator | End of Current Period / Current Period | End of Prior Year / Prior Year Period | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets ($) | 1,962,022,360.58 | 1,985,634,244.57 | -1.19 | | Net Assets Attributable to Shareholders ($) | 1,588,705,182.04 | 1,523,310,740.23 | 4.29 | | Operating Revenue ($) | 191,098,930.95 | 144,158,740.09 | 32.56 | | Net Profit Attributable to Shareholders ($) | 57,567,248.88 | 34,616,282.81 | 66.30 | | Net Profit Attributable to Shareholders (Non-recurring) ($) | 36,949,538.40 | 30,214,102.02 | 22.29 | | Net Cash Flow from Operating Activities ($) | 158,032,955.66 | 20,456,528.02 | 672.53 | | Basic Earnings Per Share ($/share) | 0.4152 | 0.2497 | 66.28 | - Operating revenue growth was primarily due to an increase in indoor wheeled inspection robot business during the reporting period[9] - Net cash flow from operating activities significantly increased, mainly due to increased cash collection from sales by discounting bank acceptance bills with banks during the reporting period[11] - Total non-recurring gains and losses for the period amounted to $20.62 million, primarily consisting of government subsidies recognized in current profit of $31.69 million[12] Total Shareholders, Top Ten Shareholders, and Top Ten Circulating Shareholders at Period-End As of the end of the reporting period, the company had 8,305 shareholders, with the largest shareholder Zhu Fuyun holding 31.60% and some top ten shareholders having pledged shares - At the end of the reporting period, the company had 8,305 shareholders[14] | Shareholder Name | Shares Held (10k shares) | Shareholding Ratio (%) | Share Status | | :--- | :--- | :--- | :--- | | Zhu Fuyun | 4,380.60 | 31.60 | Pledged | | Nanjing Ruibei Investment Management Center (Limited Partnership) | 2,116.80 | 15.27 | Pledged | | Nanjing Shijie Investment Management Center (Limited Partnership) | 882.00 | 6.36 | Pledged | | Zhang Jing | 784.00 | 5.65 | Unpledged | | Xu Chunshan | 646.80 | 4.67 | Pledged | - Related party explanation: Nanjing Ruibei Investment Management Center (Limited Partnership) is an enterprise actually controlled by Zhu Fuyun; Zhang Jing is an acting-in-concert party with Zhu Fuyun[14] Significant Matters Analysis of Significant Changes in Key Financial Statement Items and Indicators During this reporting period, several financial statement items showed significant changes, including increased transactional financial assets, surging notes payable, substantial growth in R&D expenses and investment income, and improved operating cash flow due to optimized sales collection methods Balance Sheet Item Change Analysis The balance sheet shows transactional financial assets increased by 121.28% due to structured deposit purchases, while notes receivable and accounts receivable financing decreased significantly due to discounting bank acceptance bills, and notes payable surged by 833.56% from increased bill settlement | Item | Change (%) | Reason | | :--- | :--- | :--- | | Transactional Financial Assets | 121.28 | Increased purchase of structured deposits during the reporting period | | Notes Receivable | -90.59 | Due to discounting bank acceptance bills with banks during the reporting period | | Accounts Receivable Financing | -98.27 | Due to discounting bank acceptance bills with banks during the reporting period | | Long-term Equity Investments | 76.73 | Increased investment income from associates during the reporting period | | Notes Payable | 833.56 | Increased use of bill settlement for goods during the reporting period | | Employee Compensation Payable | -62.44 | Year-end bonuses accrued last year were paid during the reporting period | Income Statement Item Change Analysis The income statement shows operating revenue increased by 32.56% driven by indoor wheeled inspection robot business, R&D expenses surged by 189.46%, financial expenses grew by 175.89% due to bill discounting interest, investment income spiked by 1,246.29% from associates, and non-operating income rose by 1,039.18% from government subsidies | Item | Change (%) | Reason | | :--- | :--- | :--- | | Operating Revenue | 32.56 | Due to increased indoor wheeled inspection robot business during the reporting period | | R&D Expenses | 189.46 | Due to increased R&D investment during the reporting period | | Financial Expenses | 175.89 | Increased interest expenses from bank acceptance bill discounting | | Other Income | 128.31 | Increased VAT refunds received | | Investment Income | 1,246.29 | Increased investment income from associates | | Non-operating Income | 1,039.18 | Increased government subsidies received | Cash Flow Statement Item Change Analysis The cash flow statement shows cash received from sales of goods and services increased by 72.28% due to discounting bank acceptance bills, while tax refunds and other operating cash (primarily government subsidies) also significantly increased, collectively driving a substantial improvement in operating cash flow | Item | Change (%) | Reason | | :--- | :--- | :--- | | Cash received from sales of goods and services | 72.28 | Increased cash collection from sales by discounting bank acceptance bills with banks | | Tax refunds received | 117.54 | Increased VAT refunds received | | Other cash received related to operating activities | 642.06 | Increased government subsidies received | Progress of Significant Matters, Their Impact and Solutions The company successfully completed a non-public offering of A-shares, issuing 9,130,922 shares to 18 subscribers in March 2021, raising a total of $707.74 million with net proceeds of $697.47 million, and the new shares were registered on April 13, 2021 - The company's application for a non-public offering of A-shares was approved by the China Securities Regulatory Commission on December 28, 2020, and received official approval on January 14, 2021[24] - In March 2021, the company completed its non-public offering, issuing 9,130,922 shares to 18 subscribers at $77.51 per share, raising a total of $707,737,764.22, with net proceeds of $697,465,587.66[25] - The newly issued shares from this non-public offering were registered with China Securities Depository and Clearing Corporation Limited Shanghai Branch on April 13, 2021[25] Appendix Financial Statements This appendix contains the company's unaudited consolidated and parent company financial statements as of March 31, 2021, including the balance sheet, income statement, and cash flow statement - The appendix provides unaudited consolidated and parent company financial statements for Q1 2021, including the balance sheet, income statement, and cash flow statement[28][32][36][40][42][46] Consolidated Balance Sheet As of March 31, 2021, the company's consolidated total assets were $1.962 billion, a slight decrease of 1.19% from the end of last year, while total liabilities were $353.01 million, and total equity attributable to parent company owners was $1.589 billion | Item | March 31, 2021 ($) | December 31, 2020 ($) | | :--- | :--- | :--- | | Total Assets | 1,962,022,360.58 | 1,985,634,244.57 | | Total Liabilities | 353,005,804.21 | 448,207,424.62 | | Total Equity Attributable to Parent Company Owners | 1,588,705,182.04 | 1,523,310,740.23 | | Total Liabilities and Owners' Equity | 1,962,022,360.58 | 1,985,634,244.57 | Consolidated Income Statement In Q1 2021, the company achieved total operating revenue of $191.10 million, a year-on-year increase of 32.56%, with operating profit at $42.20 million and net profit attributable to parent company shareholders at $57.57 million, resulting in basic earnings per share of $0.4152 | Item | Q1 2021 ($) | Q1 2020 ($) | | :--- | :--- | :--- | | Total Operating Revenue | 191,098,930.95 | 144,158,740.09 | | Operating Profit | 42,195,862.94 | 36,376,420.09 | | Total Profit | 71,974,542.32 | 38,962,282.14 | | Net Profit | 63,762,543.49 | 34,616,282.81 | | Net Profit Attributable to Parent Company Shareholders | 57,567,248.88 | 34,616,282.81 | | Basic Earnings Per Share ($/share) | 0.4152 | 0.2497 | Consolidated Cash Flow Statement In Q1 2021, net cash flow from operating activities was $158.03 million, a significant increase from the prior year, while net cash flow from investing activities showed increased outflows at -$262.82 million, and cash and cash equivalents at period-end were $211.55 million | Item | Q1 2021 ($) | Q1 2020 ($) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 158,032,955.66 | 20,456,528.02 | | Net Cash Flow from Investing Activities | -262,824,401.48 | -183,255,763.97 | | Net Cash Flow from Financing Activities | -10,411,197.24 | 98,671,111.12 | | Net Increase in Cash and Cash Equivalents | -115,236,159.02 | -64,021,972.04 | | Cash and Cash Equivalents at Period-End | 211,549,403.15 | 179,480,234.52 |