Financial Performance - Net profit attributable to shareholders was ¥57,056,951.83, representing a significant increase of 301.17% year-on-year[6]. - Operating revenue for the period was ¥614,169,715.19, reflecting a growth of 51.54% compared to the same period last year[6]. - Basic earnings per share increased to ¥0.1372, up 301.17% from ¥0.0342 in the same period last year[6]. - The net profit after deducting non-recurring gains and losses was ¥55,382,556.99, up 338.74% year-on-year[6]. - Operating profit for Q1 2021 was ¥73,271,688.03, compared to ¥17,122,405.47 in Q1 2020, reflecting a significant growth[19]. - Net profit for Q1 2021 was ¥57,479,980.64, up from ¥14,166,596.95 in Q1 2020, indicating a strong performance improvement[19]. - The net profit attributable to shareholders of the parent company for Q1 2021 was ¥57,056,951.83, compared to ¥14,222,685.37 in Q1 2020, representing a significant increase[20]. - Total comprehensive income for Q1 2021 was ¥52,552,121.92, compared to ¥18,624,554.52 in Q1 2020[20]. - The total profit for Q1 2021 was ¥13,980,750.74, compared to ¥892,006.59 in Q1 2020, marking a significant improvement[21]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,804,038,964.26, an increase of 1.66% compared to the end of the previous year[6]. - The company’s total liabilities decreased to ¥569,402,292.79 from ¥576,271,595.14, indicating improved financial stability[15]. - Total assets as of March 31, 2021, amounted to ¥1,877,592,257.56, a decrease from ¥1,923,623,514.62 at the end of 2020[18]. - Total liabilities decreased to ¥276,513,974.17 from ¥334,430,246.19 at the end of 2020, showing improved financial stability[18]. - The company's equity attributable to shareholders increased to ¥2,232,247,807.22 from ¥2,180,118,714.11, reflecting a positive trend in shareholder value[16]. - Total assets increased from CNY 2,758,356,144.69 to CNY 2,802,367,913.56, reflecting an increase of CNY 44,011,768.87[27]. - Total liabilities increased from CNY 576,271,595.14 to CNY 620,283,364.01, an increase of CNY 44,011,768.87[27]. - Current liabilities increased from CNY 550,414,176.78 to CNY 558,140,541.64, an increase of CNY 7,726,364.86[27]. - Non-current liabilities rose significantly from CNY 25,857,418.36 to CNY 62,142,822.37, an increase of CNY 36,285,404.01[27]. Cash Flow - The net cash flow from operating activities was -¥12,940,318.12, a decrease of 126.80% compared to the previous year[6]. - Net cash flow from operating activities was negative at ¥-12,940,318.12, a 126.8% decrease from ¥48,281,877.75 in Q1 2020, primarily due to the settlement of social security funds that were deferred during the pandemic[11]. - The company reported cash inflow from operating activities of CNY 643,860,053.67, an increase of 25.4% compared to CNY 513,751,175.60 in Q1 2020[23]. - The company experienced a cash outflow of CNY 656,800,371.79 from operating activities, up 41.1% from CNY 465,469,297.85 in Q1 2020[23]. - Investment activities resulted in a net cash outflow of CNY -78,005,761.40, compared to CNY -356,583,656.97 in Q1 2020, indicating a reduced investment expenditure[24]. - The financing activities generated a net cash outflow of CNY -21,726,583.98, contrasting with a net inflow of CNY 30,853,716.42 in the previous year[24]. Operating Costs and Expenses - Operating costs increased to ¥374,342,247.89, reflecting a 52.0% rise from ¥246,346,647.42 in the same period last year, attributed to increased sales activities[10]. - The total operating costs for Q1 2021 were ¥542,085,916.39, compared to ¥390,076,260.03 in Q1 2020, indicating rising operational expenses[19]. - R&D expenses rose by 32.6% to ¥43,651,077.60, up from ¥32,918,189.13, indicating the company's commitment to enhancing research and development efforts[10]. - Research and development expenses for Q1 2021 were ¥43,651,077.60, up from ¥32,918,189.13 in Q1 2020, highlighting a focus on innovation[19]. - The company reported a significant increase in cash paid to employees, totaling CNY 206,169,908.22, compared to CNY 149,555,598.08 in Q1 2020, reflecting a 37.8% rise[23]. - The company experienced a decrease in sales expenses, which were ¥6,122,477.57 in Q1 2021, down from ¥9,140,759.44 in Q1 2020[21]. Shareholder Information - The total number of shareholders at the end of the reporting period was 11,804, with the largest shareholder holding 56.63% of the shares[8]. - The company has not disclosed any new product developments or market expansion strategies in the current report[5].
鸣志电器(603728) - 2021 Q1 - 季度财报