华映科技(000536) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was ¥664,674,350.38, representing a 73.30% increase compared to ¥383,543,866.56 in the same period last year[8]. - Net profit attributable to shareholders was ¥27,840,459.19, a significant turnaround from a loss of ¥404,830,668.99, marking a 106.88% improvement[8]. - The basic earnings per share increased to ¥0.0101 from a loss of ¥0.1464, reflecting a 106.90% increase[8]. - Revenue increased by 73.30% compared to the same period last year, primarily due to increased sales from Huaying Technology and its subsidiaries[19]. - Net profit increased by 107.87% compared to the same period last year, driven by higher sales and government subsidies[19]. - Total profit increased by 108.51% year-on-year, attributed to increased sales and government support[19]. - The net profit for the current period was ¥31,965,963.54, a substantial improvement compared to a net loss of ¥406,363,898.91 in the previous period[73]. - The company reported a total comprehensive income of ¥32,048,624.33, compared to a loss of ¥405,660,074.19 in the previous period[73]. Assets and Liabilities - The total assets at the end of the reporting period were ¥12,476,838,143.64, up 2.82% from ¥12,134,965,273.23 at the end of the previous year[8]. - Current liabilities rose to CNY 5,836,190,928.92 from CNY 5,554,308,272.19, an increase of about 5.08%[57]. - Total liabilities increased to CNY 6,875,085,941.54 from CNY 6,565,261,695.46, marking an increase of approximately 4.73%[57]. - The total current assets reached ¥2,997,891,782.36 as of March 31, 2021, compared to ¥2,491,454,448.35 at the end of 2020, indicating an increase of about 20.3%[51]. - The total non-current assets decreased to CNY 9,478,946,361.28 from CNY 9,643,510,824.88, a decline of approximately 1.71%[60]. - The company's equity attributable to shareholders increased to CNY 5,511,735,480.54 from CNY 5,483,812,360.56, a slight increase of about 0.51%[60]. Cash Flow - The net cash flow from operating activities decreased by 79.98% to ¥41,750,185.96 from ¥208,581,485.86 in the previous year[8]. - Cash flow from operating activities decreased by 79.98% year-on-year, mainly due to a reduction in received advance payments[23]. - Cash and cash equivalents increased by 511.70% compared to the same period last year, primarily due to increased loans and reduced repayment of borrowings[23]. - Cash and cash equivalents at the end of the period totaled ¥780,225,011.44, up from ¥144,527,190.81, showing an increase of approximately 440.5%[87]. - The net increase in cash and cash equivalents for the period is ¥446,398,941.05, compared to a decrease of -¥57,195,773.31 in the previous period[91]. Shareholder Information - The total number of shareholders at the end of the reporting period was 53,547[11]. - The largest shareholder, China Display Technology (Bermuda), held 14.09% of shares, amounting to 389,689,715 shares[11]. - The company did not engage in any repurchase transactions during the reporting period[16]. Government Subsidies and Legal Matters - Non-recurring gains and losses totaled ¥157,911,227.61, including government subsidies of ¥113,667,878.82[8]. - As of March 31, 2021, the company received government subsidies totaling RMB 1 billion, bringing the cumulative amount to RMB 1.14 billion[28]. - The company is actively monitoring and pushing for progress in ongoing legal matters related to performance compensation claims amounting to ¥30.29 billion[50]. Future Plans and Commitments - The company plans a non-public offering of shares, with a maximum of 829,809,840 shares to be issued, representing up to 30% of the pre-issue total share capital[30]. - The company plans to focus on market expansion and new product development as part of its future strategy[69]. - The company aims to reduce the proportion of related party transactions to below 30% within one accounting year after the acquisition completion[35]. - The company has committed to maintaining a net asset return rate of no less than 10% for the mainland listed company after the acquisition[35].