派能科技(688063) - 2021 Q1 - 季度财报

Important Notice This section confirms the accuracy and completeness of the quarterly report by the company's management and notes its unaudited status - The company's board of directors, supervisory board, and senior management ensure the truthfulness, accuracy, and completeness of this quarterly report, free from false records, misleading statements, or major omissions, and bear corresponding legal responsibilities[3] - This company's Q1 2021 report has not been audited[3] Company Overview This section provides an overview of the company's key financial performance for Q1 2021 and details its shareholder structure Key Financial Data In Q1 2021, the company achieved operating revenue of RMB 258 million, a 51.69% year-on-year increase; net profit attributable to shareholders was RMB 59.44 million, up 43.47%; net cash flow from operating activities surged by 1977.44%, driven by strong sales growth and enhanced collection management 2021 Q1 Key Financial Indicators | Indicator | Current Period | Prior Year Period | Year-on-Year Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue (RMB) | 257,509,227.67 | 169,760,496.11 | 51.69% | | Net Profit Attributable to Shareholders (RMB) | 59,444,815.51 | 41,432,424.97 | 43.47% | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) (RMB) | 57,345,989.83 | 40,720,623.28 | 40.83% | | Basic Earnings Per Share (RMB/share) | 0.38 | 0.36 | 5.56% | | Net Cash Flow from Operating Activities (RMB) | 69,291,462.28 | 3,335,421.81 | 1,977.44% | | R&D Investment as % of Operating Revenue (%) | 9.65% | 5.76% | Increased by 3.88 percentage points | - Non-recurring gains and losses totaled RMB 2.0988 million, primarily including RMB 1.4486 million in government subsidies and RMB 1.2650 million in fair value changes of financial assets held for trading[6][7] Shareholder Information As of the end of the reporting period, the company had 16,891 shareholders; the top two shareholders, ZTE New Communications Co., Ltd. and Huangshi Rongke Innovation Investment Fund Center (Limited Partnership), held 27.91% and 14.13% respectively, both being restricted shares - As of the end of the reporting period, the company had 16,891 common stock shareholders[8] Top Ten Shareholders' Shareholding | Shareholder Name | Shareholding (%) | Number of Shares Held (shares) | | :--- | :--- | :--- | | ZTE New Communications Co., Ltd. | 27.91 | 43,218,677 | | Huangshi Rongke Innovation Investment Fund Center (Limited Partnership) | 14.13 | 21,873,364 | | Beijing Rongtong Gaoke Capital Management Center (Limited Partnership) | 7.03 | 10,887,050 | | Shenzhen Jinghedao Investment Management Partnership (Limited Partnership) | 3.49 | 5,399,448 | | Yue Hongwei | 3.32 | 5,140,869 | Significant Events This section analyzes major changes in the company's financial statement items and key indicators during the reporting period Analysis of Significant Changes in Key Financial Statement Items and Indicators During the reporting period, several financial indicators changed significantly; inventory increased by 37.92% due to business expansion; short-term borrowings were cleared and notes payable decreased by 83.66% due to loan repayment; revenue growth led to increased costs and expenses, with sales and R&D expenses surging by 185.22% and 153.81% respectively; operating cash flow soared by 1977.44% due to increased sales collection, while investing cash flow saw significant outflow from wealth management purchases and expansion investments Balance Sheet Key Item Changes and Reasons | Item | Change (%) | Reason for Change | | :--- | :--- | :--- | | Financial Assets Held for Trading | Not applicable | Primarily due to an increase in bank structured deposits | | Notes Receivable | 95.03% | Primarily due to increased sales business, leading to a corresponding increase in notes receivable | | Prepayments | 178.24% | Primarily due to increased business, leading to a corresponding increase in prepayments | | Inventory | 37.92% | Primarily due to increased production capacity, leading to the company increasing its stock | | Short-term Borrowings | -100.00% | Primarily due to the company repaying loans | | Notes Payable | -83.66% | Primarily due to notes maturing | | Contract Liabilities | 64.74% | Primarily due to increased sales business, leading to a corresponding increase in contract liabilities | Income Statement Key Item Changes and Reasons | Item | Change (%) | Reason for Change | | :--- | :--- | :--- | | Operating Revenue | 51.69% | Primarily due to sales business growth | | Sales Expenses | 185.22% | Primarily due to increased sales revenue, leading to a corresponding increase in sales expenses | | Administrative Expenses | 129.29% | Primarily due to increased intermediary fees, maintenance fees, and other administrative expenses | | R&D Expenses | 153.81% | Primarily due to an increase in R&D personnel and direct R&D investment | | Financial Expenses | 222.25% | Primarily due to increased interest income from purchasing time deposits with idle raised funds | Cash Flow Statement Key Item Changes and Reasons | Item | Change (%) | Reason for Change | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 1,977.44% | Primarily due to increased sales collection | | Net Cash Flow from Investing Activities | 15,075.18% | Primarily due to purchasing structured deposits with idle raised funds and increased investment in expansion | | Net Cash Flow from Financing Activities | -479.19% | Primarily due to increased repayment of short-term borrowings | Appendix This section includes the company's unaudited financial statements, details on the first-time adoption of new lease standards, and the audit report status Financial Statements This section provides the company's unaudited detailed financial statements for Q1 2021, including consolidated and parent company balance sheets, income statements, and cash flow statements - The appendix includes consolidated and parent company balance sheets as of March 31, 2021[18][20] - The appendix includes consolidated and parent company income statements for Q1 2021[23][27] - The appendix includes consolidated and parent company cash flow statements for Q1 2021[28][32] Adjustments for First-time Adoption of New Lease Standards from 2021 Effective January 1, 2021, the company adopted new lease standards; this accounting policy change resulted in adjustments to the opening financial statements, primarily recognizing RMB 27.48 million in right-of-use assets and corresponding RMB 10.89 million in non-current liabilities due within one year and RMB 16.58 million in lease liabilities in the consolidated balance sheet - The company first adopted the new lease standards on January 1, 2021, and adjusted relevant items in the opening financial statements for the year[35] Impact of New Lease Standards on Consolidated Balance Sheet as of January 1, 2021 | Statement Item | Adjustment Amount (RMB) | Impact | | :--- | :--- | :--- | | Right-of-use Assets | +27,476,960.36 | Asset increase | | Non-current Liabilities Due Within One Year | +10,894,541.96 | Liability increase | | Lease Liabilities | +16,582,418.40 | Liability increase | Audit Report This quarterly report is unaudited - This quarterly financial report is unaudited[42]