Daimay(SH:603730)2021-04-28 16:00Financial Performance - Total revenue for Q1 2021 reached RMB 1,182,512,900.17, representing a year-on-year increase of 5.36%[4] - Net profit attributable to shareholders was RMB 161,738,262.80, a 3.18% increase compared to the same period last year[4] - The company reported a diluted earnings per share of RMB 0.28, up 3.7% from RMB 0.27 in the same period last year[5] - Operating revenue increased by 5.36% to ¥1,122,369,748.97, attributed to an increase in sales volume[12] - The company reported a net profit of CNY 2,422,028,713.62, up from CNY 2,260,290,450.82, reflecting an increase of approximately 7.16%[16] - Net profit for Q1 2021 reached ¥161,740,972.39, compared to ¥156,752,707.70 in Q1 2020, representing a growth of 3.8%[21] - The company reported a comprehensive income total of ¥169,368,199.68 for Q1 2021, compared to ¥163,447,434.31 in Q1 2020, indicating an increase of 3.7%[21] Cash Flow and Liquidity - The net cash flow from operating activities decreased significantly by 86.12% to RMB 30,856,334.27 compared to RMB 222,346,374.59 in the previous year[4] - The company's cash and cash equivalents decreased by 29.57% to ¥553,384,317.53 from ¥785,672,637.63 due to repayment of bank loans and maturing notes payable[11] - Cash flow from operating activities generated a net amount of ¥30,856,334.27 in Q1 2021, a significant decrease from ¥222,346,374.59 in Q1 2020[25] - The company’s total operating cash inflow was 378,251,923.68 RMB, compared to 440,619,989.26 RMB in the previous year, indicating a decrease of approximately 14.1%[27] - The company’s cash flow from operating activities was negatively impacted by increased payments to employees, which rose to 34,374,101.88 RMB from 28,028,630.03 RMB[27] Expenses and Costs - The company faced a significant increase in shipping costs, rising by approximately RMB 32 million due to global shipping market conditions, which increased costs by 100%-150%[5] - The company reported a significant increase in operating expenses, with operating costs rising by 2.44% to ¥840,198,520.62[12] - Research and development expenses rose by 27.57% to ¥40,402,147.94, reflecting increased investment in new product development[12] - The company faced a significant increase in other expenses, with operating expenses rising by 19753.02% to ¥25,910,355.72 due to fraud losses in its subsidiary[12] Assets and Liabilities - The company's total assets at the end of the reporting period were RMB 5,330,006,626.71, down 2.83% from the end of the previous year[4] - Total assets decreased to CNY 5,330,006,626.71 from CNY 5,485,493,387.39, a decline of approximately 2.83% year-over-year[14] - Current assets totaled CNY 3,320,908,426.18, down from CNY 3,457,292,421.84, representing a decrease of about 3.96%[14] - Total liabilities decreased to CNY 1,262,188,589.09 from CNY 1,587,043,549.45, a reduction of about 20.5%[16] - Non-current liabilities totaled CNY 281,034,178.97, down from CNY 319,281,889.78, a decrease of approximately 11.97%[16] - Shareholders' equity increased to CNY 4,067,818,037.62 from CNY 3,898,449,837.94, an increase of about 4.35%[16] Investment and Innovation - The company emphasized ongoing investment in technology innovation and production process optimization to enhance cost competitiveness[5] - Investment income surged to ¥30,943,873.96, a dramatic increase of 4180.62% compared to the previous year, due to profits from forward foreign exchange contracts[12] - The company's R&D expenses in Q1 2021 were ¥40,402,147.94, an increase of 27.5% from ¥31,669,513.86 in Q1 2020[20] Financial Position - The total liabilities decreased to ¥544,608,090.97 in Q1 2021 from ¥687,599,968.19 in Q1 2020, a reduction of approximately 20.8%[18] - The total equity increased to ¥3,197,753,798.26 in Q1 2021 from ¥3,127,472,209.18 in Q1 2020, marking a growth of 2.2%[18] - The company has a total of ¥80,482,963.27 in other current assets, indicating liquidity management strategies[32]