万泽股份(000534) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥138,801,271.38, a decrease of 18.00% compared to the same period last year[10]. - Net profit attributable to shareholders was ¥44,060,661.71, down 2.36% year-on-year[10]. - The net profit excluding non-recurring gains and losses increased by 7.25% to ¥36,880,385.12[10]. - Net profit for Q1 2021 was ¥41,444,609.13, a decrease of 7.0% from ¥44,936,861.05 in Q4 2020[90]. - The company’s net profit for the reporting period was CNY 552,043,312.55, an increase from CNY 507,982,650.84[73]. - The company achieved an investment income of ¥442,165.02 compared to a loss of ¥40,522.45 in the previous quarter[90]. - Investment income increased by 1191.16% compared to the same period last year, primarily due to profits from associated companies[31]. - Non-operating income increased by 1039.97% compared to the same period last year, primarily due to penalties received from suppliers for delayed deliveries, with no related income in the previous period[31]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 56.83% to ¥46,101,428.17[10]. - Cash and cash equivalents decreased by 30.46% compared to the beginning of the period, mainly due to repayment of due loans[22]. - Cash flow from operating activities generated a net amount of ¥46,101,428.17, down from ¥106,796,911.40 in the previous period[104]. - Cash inflow from operating activities totaled ¥173,730,095.39, compared to ¥217,274,815.69 in the previous period[104]. - Cash outflow from operating activities was ¥127,628,667.22, compared to ¥110,477,904.29 in the previous period[104]. - The ending balance of cash and cash equivalents was 31,913,717.65 yuan, down from 1,733,487.32 yuan in the previous period[113]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,094,752,856.76, a decrease of 1.46% from the end of the previous year[10]. - The company's total liabilities were CNY 1,036,704,723.49, down from CNY 1,134,034,516.54[71]. - Total liabilities decreased to ¥620,852,390.53 from ¥641,057,647.56 at the end of 2020, a reduction of 3.5%[84]. - Total equity attributable to shareholders of the parent company increased to CNY 1,068,697,307.55 from CNY 999,767,746.84[73]. - The total assets of the company were CNY 2,125,769,141.68, reflecting a decrease of CNY 19,572,513.62 compared to the previous period[121]. - Current liabilities totaled CNY 666,903,907.91, down from CNY 672,799,767.24, a reduction of CNY 5,895,859.33[121]. - Non-current liabilities decreased to CNY 467,130,608.63, down by CNY 13,676,654.29 from the previous period[121]. Research and Development - The development expenditure increased by 174.09%, reflecting ongoing capitalization of R&D projects[22]. - Research and development expenses increased by 51.14% compared to the same period last year, mainly due to new R&D projects and increased investment in R&D by various subsidiaries[29]. - Research and development expenses were reported at ¥9,453,640.42, an increase from ¥4,353,708.18 in the previous period[98]. Other Financial Metrics - Cash and cash equivalents as of March 31, 2021, were CNY 274,511,352.53, compared to CNY 394,745,353.21 at the end of the previous period[65]. - The company reported a credit impairment loss of ¥17,022,869.76, compared to a loss of ¥485,594.67 in the previous period[98]. - Other income decreased by 36.94% compared to the same period last year, mainly due to a reduction in government subsidies received by subsidiaries[30]. - Other current liabilities increased by 87.70% at the end of the period compared to the beginning, mainly due to the increase in advance payments received by the subsidiary Shanghai Wanze Precision Casting Co., Ltd., leading to a corresponding increase in input VAT to be transferred[26]. Miscellaneous - The company has not engaged in any investor relations activities during the reporting period[60]. - The first quarter report for 2021 was not audited[129]. - The company implemented new leasing standards since January 1, 2021, affecting the measurement of lease liabilities and right-of-use assets[121].