固德威(688390) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue surged by 99.57% to CNY 444,561,202.14 year-on-year[4] - Net profit attributable to shareholders rose by 86.40% to CNY 69,928,007.40 compared to the same period last year[4] - Basic earnings per share increased by 38.60% to CNY 0.79[4] - The company's operating income for Q1 2021 was approximately ¥526.64 million, a significant increase of 123.5% compared to ¥236.07 million in Q1 2020[24] - Net profit for Q1 2021 reached ¥56.40 million, up 67.5% from ¥33.69 million in Q1 2020[24] - The total profit for Q1 2021 was approximately ¥64.61 million, an increase of 66.2% from ¥38.87 million in Q1 2020[24] Cash Flow - Net cash flow from operating activities decreased significantly by 1,706.28% to -CNY 31,825,209.23[4] - The net cash flow from operating activities was negative at CNY -31,825,209.23, contrasting with a positive cash flow of CNY 1,981,300.69 in the same quarter of the previous year[29] - The company's investment activities generated a net cash flow of RMB 126,076,976.50, a significant improvement from a negative cash flow of RMB -59,753,243.11 in Q1 2020[11] - Cash flow from operating activities for Q1 2021 was ¥314.38 million, compared to ¥196.45 million in Q1 2020, indicating a growth of 60%[27] - The company reported a total cash inflow from investment activities of CNY 159,221,284.41, compared to CNY 314,184.52 in Q1 2020, indicating a substantial increase[30] Assets and Liabilities - Total assets increased by 6.44% to CNY 2,724,567,198.09 compared to the end of the previous year[4] - The total liabilities increased by 42.94%, with notes payable rising to RMB 500,479,871.17 from RMB 350,133,890.23[10] - Total liabilities reached ¥1,198,144,726.63, compared to ¥1,103,010,308.71, which is an increase of around 8.59%[17] - Current assets totaled ¥2,317,032,501.58, up from ¥2,187,422,373.86, indicating an increase of about 5.94%[15] - The company's total assets as of March 31, 2021, were ¥2,636,689,060.59, compared to ¥2,487,434,677.28 at the end of 2020, marking an increase of 6.0%[19] Shareholder Information - The total number of shareholders at the end of the reporting period was 5,774[6] - The largest shareholder, Huang Min, holds 30.97% of the shares[6] - Shareholders' equity as of March 31, 2021, was ¥1,526,422,471.46, up from ¥1,456,653,698.56, indicating a growth of about 4.77%[17] Research and Development - R&D expenditure as a percentage of operating revenue increased to 6.37% from 6.19%[4] - Research and development expenses surged by 105.36% to RMB 28,323,896.70, compared to RMB 13,792,623.73 in the previous year[11] - The company's research and development expenses in Q1 2021 were ¥18.49 million, up 57.5% from ¥11.70 million in Q1 2020[24] Government Support - The company received government subsidies amounting to CNY 3,496,882.38 during the reporting period[5] - The company’s other income increased by 104.60% to RMB 3,496,882.38, up from RMB 1,709,094.65 in the previous year[11] Financial Ratios - The weighted average return on equity decreased by 3.89 percentage points to 4.69%[4] - The company experienced a 33.44% increase in income tax expenses, amounting to RMB 11,868,573.00, compared to RMB 8,894,325.94 in Q1 2020[11]