宁波高发(603788) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue for the period was CNY 217,670,922.32, representing an increase of 28.01% year-on-year [11]. - Net profit attributable to shareholders was CNY 43,136,973.34, up 19.83% from the previous year [7]. - Basic earnings per share rose to CNY 0.19, an increase of 18.75% compared to the same period last year [7]. - Total operating revenue for Q1 2021 was ¥217,670,922.32, an increase of 28% compared to ¥170,046,868.60 in Q1 2020 [24]. - Net profit for Q1 2021 reached ¥43,136,973.34, a 20% increase from ¥35,998,122.23 in Q1 2020 [26]. - Earnings per share for Q1 2021 was ¥0.19, compared to ¥0.16 in Q1 2020, reflecting a 19% increase [26]. - The operating profit for Q1 2021 was CNY 50,914,313.38, an increase of 20.5% from CNY 42,232,450.66 in Q1 2020 [28]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,222,149,851.84, a decrease of 1.76% compared to the end of the previous year [7]. - The total current assets as of March 31, 2021, were 1,926,509,681.67 RMB, a slight decrease from 1,951,328,986.44 RMB at the end of 2020 [16]. - The total liabilities decreased from 352,741,255.78 RMB at the end of 2020 to 269,771,006.17 RMB as of March 31, 2021 [18]. - The total assets as of March 31, 2021, were 2,222,149,851.84 RMB, down from 2,261,983,128.11 RMB at the end of 2020 [18]. - The equity attributable to shareholders increased from 1,909,241,872.33 RMB at the end of 2020 to 1,952,378,845.67 RMB as of March 31, 2021 [18]. - Total liabilities decreased to ¥267,336,996.11 in Q1 2021 from ¥352,740,047.68 in Q1 2020, a reduction of approximately 24% [22]. Cash Flow - The company reported a net cash flow from operating activities of CNY -34,664,946.73 for the period [7]. - The cash flow from operating activities for Q1 2021 was negative at CNY -34,664,946.73, compared to a positive CNY 2,347,488.24 in Q1 2020 [30]. - The total cash and cash equivalents at the end of Q1 2021 were CNY 969,263,916.26, down from CNY 989,273,169.76 at the end of Q1 2020 [32]. - The net increase in cash and cash equivalents was -32,357,496.18 CNY, contrasting with an increase of 3,875,296.92 CNY in the same period last year [34]. Expenses - The cost of goods sold increased in line with the revenue growth, influenced by rising material costs and freight being included in the cost accounting [12]. - Sales expenses increased due to the new revenue recognition standards that included freight in the cost of goods sold [12]. - Management expenses rose due to an increase in business entertainment expenses compared to the same period last year [12]. - Research and development expenses for Q1 2021 were ¥9,620,286.77, compared to ¥9,037,150.44 in Q1 2020, indicating a focus on innovation [25]. - The company reported a financial income of -¥7,837,280.81 in Q1 2021, compared to -¥7,201,250.41 in Q1 2020, reflecting increased financial costs [25]. - The financial expenses for Q1 2021 were CNY -7,423,674.62, compared to CNY -6,811,883.53 in Q1 2020 [27]. - The company reported a decrease in sales expenses to CNY 7,053,492.20 in Q1 2021 from CNY 8,658,538.69 in Q1 2020, indicating improved cost management [27]. Government Support - The company received government subsidies amounting to CNY 2,558,247.51 during the reporting period [7].