盛洋科技(603703) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 increased by 40% year-on-year, reaching RMB 242,233,061.76[6] - Net profit attributable to shareholders increased by 881.17% year-on-year, amounting to RMB 10,347,569.42[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses grew by 2,783.05% year-on-year, totaling RMB 10,644,075.00[6] - The net cash flow from operating activities increased by 210.57% year-on-year, reaching RMB 19,057,033.92[6] - The company experienced a significant increase in sales volume of RF cable products, contributing to the rise in net profit[6] - Operating profit for Q1 2021 was ¥15,611,121.61, compared to ¥4,897,862.88 in Q1 2020, indicating a significant increase of 218.5%[24] - Net profit for Q1 2021 was ¥16,061,308.05, up from ¥4,711,312.99 in Q1 2020, representing a growth of 240.5%[24] - The net profit for Q1 2021 was CNY 6,621,762.38, a significant increase from CNY 67,072.62 in Q1 2020, indicating a growth of approximately 9,829.5%[29] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to CNY 19,057,033.92, a turnaround from a negative cash flow of CNY -17,235,346.27 in the previous year[13] - Cash inflows from operating activities totaled CNY 205,942,306.17 in Q1 2021, compared to CNY 182,548,988.63 in Q1 2020, an increase of 12.8%[30] - Cash outflows from operating activities were CNY 186,885,272.25 in Q1 2021, down from CNY 199,784,334.90 in Q1 2020, indicating a decrease of 6.5%[30] - The company reported a total cash and cash equivalents balance of ¥423,429,763.61 at the end of Q1 2021, down from ¥829,590,054.93 at the beginning of the period[31] - The company experienced a net decrease in cash and cash equivalents of ¥406,160,291.32 in Q1 2021, compared to a decrease of ¥356,749.06 in Q1 2020[31] Assets and Liabilities - Total assets at the end of the reporting period were RMB 1,791,944,255.85, a decrease of 16.82% compared to the end of the previous year[6] - Total assets as of March 31, 2021, amounted to ¥1,506,702,929.48, a decrease from ¥1,901,626,174.76 at the end of 2020[22] - Total liabilities as of March 31, 2021, were ¥383,424,797.26, down from ¥784,969,804.92 at the end of 2020, showing a reduction of 51.1%[22] - Total equity as of March 31, 2021, was ¥1,123,278,132.22, slightly up from ¥1,116,656,369.84 at the end of 2020[22] - Total liabilities were CNY 952,457,807.56, while total equity stood at CNY 1,201,723,811.72[38] Shareholder Information - The company reported a total of 23,149 shareholders at the end of the reporting period[10] - The largest shareholder, Shaoxing Shengyang Electric Co., Ltd., held 18.97% of the shares, amounting to 56,632,598 shares[11] Research and Development - Research and development expenses increased by 79.93% to CNY 12,175,079.33, driven by an increase in R&D projects[13] - Research and development expenses for Q1 2021 were ¥12,175,079.33, significantly higher than ¥6,766,408.16 in Q1 2020, marking an increase of 80.5%[24] - Research and development expenses increased to CNY 6,428,528.33 in Q1 2021, up from CNY 1,953,908.53 in Q1 2020, marking a growth of 228.5%[28] Financial Ratios - The weighted average return on equity increased by 0.71 percentage points to 0.95%[6] - Basic and diluted earnings per share were both RMB 0.03, compared to RMB 0.00 in the same period last year[6]