KAMA(SH:900953)2021-04-27 16:00Financial Performance - Operating revenue rose by 34.72% to CNY 1,023,694,247.79 year-on-year, driven by increased production and sales[10] - Net profit attributable to shareholders was CNY -21,991,879.92, showing a slight increase in loss compared to CNY -21,890,246.79 in the same period last year[7] - The company reported a significant increase in other income by 33.86% to CNY 15,629,265.95, mainly from automotive industry subsidies[10] - Total revenue for Q1 2021 reached ¥1,023,694,247.79, an increase of 34.6% compared to ¥759,868,969.66 in Q1 2020[24] - Net loss for Q1 2021 was ¥24,471,118.80, an improvement from a net loss of ¥29,592,304.76 in Q1 2020[26] - The net profit for Q1 2021 was CNY 30,972,202.72, a decrease of 2.2% from CNY 31,676,392.65 in Q1 2020[28] - The total profit for Q1 2021 was CNY 30,972,202.72, slightly down from CNY 31,676,392.65 in the same period last year[28] Assets and Liabilities - Total assets increased by 4.30% to CNY 5,162,531,956.68 compared to the end of the previous year[7] - The company's current assets totaled CNY 3,010,895,920.12, up from CNY 2,760,124,884.44 at the end of 2020, reflecting a growth of approximately 9.1%[17] - The total liabilities of the company were CNY 4,099,031,031.77, compared to CNY 3,848,708,553.86 at the end of 2020, indicating an increase of about 6.5%[19] - The company's short-term borrowings rose to CNY 463,380,547.22 from CNY 397,444,910.42, an increase of approximately 16.6%[19] - Long-term borrowings increased by 101.21% to CNY 19,960,000.00, reflecting new bank loans taken during the period[10] - Contract liabilities rose by 32.91% to CNY 153,479,009.78, indicating an increase in received contract prepayments[10] Cash Flow - Cash flow from operating activities was CNY -132,729,440.23, a significant decline compared to CNY -51,482,729.75 in the previous year[10] - The net cash flow from operating activities in Q1 2021 was -CNY 132,729,440.23, worsening from -CNY 51,482,729.75 in Q1 2020[31] - Cash and cash equivalents decreased to CNY 698,152,033.77 from CNY 817,418,980.03, a decline of about 14.6%[17] - Cash and cash equivalents at the end of Q1 2021 were CNY 104,436,314.66, down from CNY 208,255,018.04 at the end of Q1 2020[32] - The company raised CNY 208,000,000.00 in borrowings in Q1 2021, compared to CNY 80,000,000.00 in Q1 2020, marking a 160.0% increase[31] - The company reported a cash outflow of CNY 310,566,564.68 from financing activities in Q1 2021, compared to CNY 260,871,252.92 in Q1 2020[32] Shareholder Information - The number of shareholders reached 25,454, with the top shareholder holding 29.83% of the shares[9] - The company has a total equity of CNY 1,063,500,924.91, down from CNY 1,100,906,992.89 at the end of 2020[19] - The company’s total equity increased to ¥557,787,135.01 as of March 31, 2021, from ¥526,814,932.29 at the end of 2020[23] Research and Development - Development expenditures increased by 183.19% to CNY 19,867,904.58, primarily due to new product R&D investments[10] - Research and development expenses for Q1 2021 were ¥8,876,716.31, compared to ¥8,082,024.94 in Q1 2020, indicating a focus on innovation[25] Legal Matters - The company is currently involved in legal disputes regarding unpaid amounts totaling CNY 57,047,000 (including interest and fees) from various parties[12][13] Inventory - The company reported a significant increase in inventory, which rose to CNY 730,895,194.83 from CNY 621,595,466.70, reflecting a growth of approximately 17.6%[17]