卓越新能(688196) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue rose by 32.36% to CNY 402,857,387.42 year-on-year[6] - Net profit attributable to shareholders increased by 62.15% to CNY 57,329,932.53 compared to the same period last year[6] - Basic earnings per share increased by 65.52% to CNY 0.48[6] - The company achieved operating revenue of CNY 403 million, an increase of 32.36% compared to the same period last year[9] - Net profit reached CNY 57.33 million, representing a year-on-year increase of 62.15%[9] - Total operating revenue for Q1 2021 reached ¥402,857,387.42, a 32.4% increase from ¥304,362,574.42 in Q1 2020[20] - Net profit for Q1 2021 was ¥57,329,932.53, compared to ¥35,355,459.13 in Q1 2020, representing a 62.2% growth[20] - The total comprehensive income for Q1 2021 was RMB 57,329,932.53, compared to RMB 35,355,459.13 in Q1 2020, indicating an increase of around 62.2%[23] Assets and Liabilities - Total assets increased by 2.47% to CNY 2,342,607,633.69 compared to the end of the previous year[6] - Total assets as of March 31, 2021, amounted to ¥2,075,585,696.01, an increase from ¥2,046,315,878.83 at the end of 2020[19] - Total liabilities as of March 31, 2021, were ¥145,853,860.84, down from ¥149,031,643.47 at the end of 2020[19] - Shareholders' equity totaled ¥1,929,731,835.17 as of March 31, 2021, compared to ¥1,897,284,235.36 at the end of 2020, indicating a growth of 1.7%[19] Cash Flow - Cash flow from operating activities improved by 23.78%, reaching -CNY 51,140,859.95[6] - Cash and cash equivalents decreased by 48.26% to CNY 155.24 million, primarily due to increased raw material purchases[10] - The company did not have any financing activities during the reporting period, resulting in a 100% decrease in cash flow from financing activities[11] - The cash flow from operating activities for Q1 2021 was a net outflow of RMB -51,140,859.95, an improvement from RMB -67,098,363.92 in Q1 2020[29] - The company experienced a cash outflow from investing activities of 70,479,376.09 RMB, a decrease from 72,858,057.88 RMB in Q1 2020, showing a 3.3% improvement[32] - The ending cash and cash equivalents balance decreased to 54,534,647.01 RMB from 136,034,408.45 RMB year-over-year, reflecting a decline of 60%[33] - The company’s net cash increase for the period was -123,987,347.76 RMB, worsening from -86,271,530.44 RMB in Q1 2020, indicating a decline of 43.8%[32] Research and Development - R&D investment as a percentage of operating revenue rose to 5.02%, an increase of 0.10 percentage points[6] - Research and development expenses rose by 35.22% to CNY 20.24 million, reflecting increased investment in R&D[11] - Research and development expenses for Q1 2021 were ¥20,239,756.76, up from ¥14,967,799.28 in Q1 2020, marking a 35.0% increase[20] - Research and development expenses for Q1 2021 were RMB 11,028,879.65, slightly higher than RMB 10,089,357.02 in Q1 2020, showing a year-over-year increase of about 9.3%[26] Shareholder Information - The total number of shareholders reached 6,498 by the end of the reporting period[8] - The largest shareholder, Longyan Excellent Investment Co., Ltd., holds 48.75% of the shares[8] Other Income and Expenses - Government subsidies recognized in the current period amounted to CNY 2,621,834.03[7] - The company reported a significant increase in other income by 37.49% to CNY 27.08 million, mainly from increased VAT refunds[11] - Total operating costs for Q1 2021 were RMB 308,050,418.02, up from RMB 192,540,757.87 in Q1 2020, representing an increase of about 60.0%[26] - The company achieved a gross profit of RMB 25,479,259.71 in Q1 2021, compared to RMB 19,568,658.24 in Q1 2020, which is an increase of approximately 30.2%[26] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[23]