BOMIN ELECTRONICS(SH:603936)2021-04-27 16:00Financial Performance - Operating revenue rose by 49.76% to CNY 699,702,046.93 year-on-year[6] - Net profit attributable to shareholders increased by 197.10% to CNY 46,567,449.92 compared to the same period last year[6] - Net profit after deducting non-recurring gains and losses surged by 668.45% to CNY 42,782,904.21 year-on-year[6] - Basic earnings per share increased by 125.00% to CNY 0.09[8] - The company reported a total comprehensive income of CNY 48.28 million for Q1 2021, compared to CNY 18.72 million in Q1 2020, reflecting strong overall performance[25] - The net profit for Q1 2021 reached CNY 46.57 million, compared to a net profit of CNY 15.67 million in Q1 2020, representing a significant increase[25] Assets and Liabilities - Total assets increased by 4.39% to CNY 5,808,122,201.77 compared to the end of the previous year[6] - Cash and cash equivalents decreased by 34.53% to CNY 329,496,866.40 due to investments in financial products and share buybacks[13] - Total liabilities increased to ¥2,306,831,499.74 in Q1 2021 from ¥2,062,213,808.96 in Q4 2020, indicating a rise of approximately 11.9%[21] - Total equity decreased to ¥3,501,290,702.03 in Q1 2021 from ¥3,501,542,419.85 in Q4 2020, reflecting a slight decline[21] - The company’s long-term receivables decreased by 31.45% to CNY 13,144,454.65, primarily due to the receipt of long-term equipment payments[14] Cash Flow - Cash flow from operating activities improved, with a net cash outflow of CNY -36,537,793.77, an improvement from CNY -50,296,039.14 in the previous year[6] - The net cash flow from operating activities was -¥36.54 million in Q1 2021, an improvement compared to -¥50.30 million in Q1 2020, indicating a reduction in cash outflow by approximately 27.3%[29] - Cash inflow from investment activities totaled ¥370.10 million in Q1 2021, significantly higher than ¥40.63 million in Q1 2020, marking an increase of 812.5%[31] - The net cash flow from investment activities was -¥193.99 million in Q1 2021, worsening from -¥38.59 million in Q1 2020, reflecting an increase in cash outflow by approximately 403.5%[31] - Cash inflow from financing activities was ¥300.25 million in Q1 2021, compared to ¥158.96 million in Q1 2020, showing an increase of 88.8%[31] Shareholder Information - The number of shareholders reached 32,095 by the end of the reporting period[10] - The largest shareholder, Xu Huan, holds 15.83% of the shares, with 55,300,000 shares pledged[10] Inventory and Costs - Operating costs for Q1 2021 were CNY 570,783,025.52, reflecting a 41.99% increase from CNY 401,975,490.18 in the same period last year[15] - Inventory increased by 30.08% to CNY 486,894,615.65, driven by increased orders and preemptive stockpiling due to rising raw material prices[14] - Total operating costs for Q1 2021 were CNY 339.31 million, up from CNY 308.54 million in Q1 2020, reflecting increased operational expenses[26] Research and Development - Research and development expenses for Q1 2021 were ¥29,809,021.84, up from ¥24,545,870.83 in Q1 2020, indicating a focus on innovation[23] - Research and development expenses remained stable at CNY 14.60 million, slightly up from CNY 14.59 million in Q1 2020, indicating continued investment in innovation[26] Financial Management - The company experienced a decrease in financial expenses, which were CNY 6.04 million in Q1 2021, compared to CNY 3.92 million in Q1 2020, indicating improved financial management[26] - The company incurred a credit impairment loss of CNY 1.37 million in Q1 2021, slightly higher than CNY 1.27 million in Q1 2020, indicating a need for continued monitoring of credit risk[26] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[27]