ZHENHUA(SZ:000733)2021-04-29 16:00Financial Performance - The company's operating revenue for Q1 2021 was CNY 1,308,219,680.89, representing a 47.25% increase compared to CNY 888,414,684.23 in the same period last year[4]. - Net profit attributable to shareholders for Q1 2021 was CNY 246,668,536.72, a significant increase of 122.90% from CNY 110,664,901.55 in the previous year[4]. - The net profit after deducting non-recurring gains and losses was CNY 235,414,077.40, up 137.66% from CNY 99,053,167.35 year-on-year[4]. - Basic earnings per share for Q1 2021 were CNY 0.4791, an increase of 122.84% compared to CNY 0.2150 in the previous year[4]. - The company reported a net profit margin improvement, with net profit figures not explicitly stated but implied through revenue growth and cost management[30]. - The company reported a total comprehensive income for Q1 2021 of approximately CNY 247.73 million, compared to CNY 97.78 million in Q1 2020, reflecting a strong performance[32]. Cash Flow - The net cash flow from operating activities was CNY 23,703,090.55, a turnaround from a negative cash flow of CNY -220,215,549.48 in the same period last year, marking a 110.76% improvement[4]. - Total cash inflow from operating activities reached CNY 944,266,942.76, up from CNY 537,453,969.96 year-over-year, indicating a growth of approximately 75.5%[37]. - Cash outflow from operating activities totaled CNY 920,563,852.21, compared to 757,669,519.44 CNY in the prior period, reflecting an increase of about 21.5%[37]. - The net cash flow from investing activities improved by 33.17% to -CNY 44,453,009.73, due to increased cash receipts from the sale of financial products[14]. - The net cash flow from financing activities was -CNY 126,630,303.37, worsening from -CNY 34,231,480.49 in the previous period[38]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 9,467,301,532.42, reflecting a 5.69% increase from CNY 8,958,029,098.16 at the end of the previous year[4]. - The company's total liabilities rose to CNY 3,236,996,799.79 from CNY 2,985,707,651.76, indicating an increase of about 8.4%[24]. - The company's equity capital remained stable at CNY 514,805,618.00, with capital reserves increasing to CNY 2,911,852,716.79 from CNY 2,901,599,816.79[24]. - The company's cash and cash equivalents decreased by 15.56% to CNY 774,922,001.38, primarily due to the repayment of short-term loans[12]. - The company's total liabilities decreased to CNY 994,486,551.98 from CNY 1,043,032,227.46, showing improved financial stability[28]. Operational Highlights - The company has completed the construction and commissioning of the production lines for RF chip notch filters and new magnetic components, which have passed acceptance inspection[17]. - The production line expansion project for contactors and solid-state relays has been completed, with all equipment delivered and accepted, and the factory modifications delivered for use[17]. - The project for upgrading high-reliability hybrid integrated circuits and microcircuit modules has seen 99% of equipment procurement contracts signed, with 309 sets of equipment installed and operational, although the project is behind schedule due to delays in imported equipment caused by the COVID-19 pandemic[17]. - Research and development expenses increased by 17.62% to CNY 78,236,589.34, reflecting the company's commitment to product innovation[13]. Shareholder Information - The top shareholder, China Zhihua Electronics Group Co., Ltd., holds 32.94% of the shares, totaling 169,573,344 shares[7]. - The net assets attributable to shareholders were CNY 6,228,267,956.94, up 4.30% from CNY 5,971,323,543.91 at the end of the previous year[4]. Compliance and Reporting - The first quarter report was not audited, indicating preliminary financial data[48]. - The company has implemented new leasing standards effective from January 1, 2021, impacting financial reporting[48]. - The company has not adjusted prior period comparative data under the new leasing standards, maintaining consistency in reporting[48].