秦川机床(000837) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥1,561,944,133.56, representing a 127.63% increase compared to ¥686,167,002.24 in the same period last year[9] - The net profit attributable to shareholders was ¥70,692,101.35, a significant recovery from a loss of ¥23,895,342.08 in the previous year[9] - Basic and diluted earnings per share were both ¥0.1020, recovering from a loss of ¥0.0345 per share in the previous year[9] - The weighted average return on equity increased to 3.23%, up from -1.08% in the same period last year[9] - The company reported a net profit of ¥199.65 million for the period, compared to ¥128.96 million in the previous period, indicating a significant increase in profitability[47] - The company reported a net profit of ¥87,198,286.00, a turnaround from a net loss of ¥25,273,525.78 in the previous period[63] - The net profit for the current period was CNY 30,774,643.73, compared to a net loss of CNY 22,371,203.46 in the previous period, indicating a turnaround in profitability[66] Cash Flow - The net cash flow from operating activities improved to ¥5,980,341.28, compared to a negative cash flow of ¥76,899,729.89 in the same period last year[9] - The net cash flow from financing activities decreased by 155.38% to -¥117,448,957.79, mainly due to loan repayments[18] - The net cash flow from operating activities was -29,915,753.43 CNY, an improvement from -31,727,514.47 CNY in the previous period[79] - The company reported a total cash outflow from operating activities of 191,007,188.36 CNY, down from 227,569,088.67 CNY in the prior period[79] Assets and Liabilities - Total assets at the end of the reporting period were ¥9,259,357,790.22, a slight decrease of 0.11% from ¥9,269,696,535.86 at the end of the previous year[9] - The company's total liabilities decreased to approximately ¥6.18 billion, down 3.12% from ¥6.38 billion[44] - The total non-current assets reached approximately ¥3.92 billion, an increase of 4.91% from ¥3.73 billion[41] - The total assets of the company rose to ¥4,636,341,508.79, up from ¥4,507,246,360.93, marking an increase of about 2.86%[55] - The total liabilities increased to ¥2,974,168,796.40 from ¥2,875,845,937.55, which is an increase of approximately 3.43%[55] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 40,212[13] - The top two shareholders, Shaanxi Fastech Automotive Transmission Group Co., Ltd. and Shaanxi Provincial Industrial Investment Co., Ltd., held 15.94% and 14.59% of the shares, respectively[13] - The company plans to raise up to ¥799.28 million through a private placement of shares to Faste Group, with a share price of ¥3.88[23] Expenses - Research and development expenses rose by 46.63% to ¥29,830,067.00, reflecting increased investment in R&D[18] - Management expenses increased by 66.68% to ¥91,249,867.24, influenced by the management costs of the newly acquired Walker Gear Company[18] - Total operating costs amounted to ¥1,463,224,377.66, compared to ¥715,349,922.98 in the prior period, indicating an increase of about 104%[60] - The company's financial expenses decreased to CNY 13,845,962.46 from CNY 15,002,607.10, a decline of approximately 7.7%[66] Investment Activities - The company received government subsidies amounting to ¥10,703,110.61 during the reporting period[9] - The company sold 40% of its equity in Qin Chuan International Leasing for ¥27,556.18 million and 60% of Shenzhen Qin Chuan Commercial Factoring for ¥46.20 million[24] - The company reported an increase in investment income to CNY 15,086,612.13 from CNY 2,764,878.98, marking a growth of 444.5%[66] - Total cash inflow from investment activities was 15,482,991.13 CNY, significantly higher than 3,121,528.98 CNY in the prior period[79] Inventory and Receivables - Accounts receivable increased by 34.99% to ¥949,899,549.14 due to a significant rise in sales revenue[18] - The accounts receivable increased significantly to ¥949.90 million, up 35.05% from ¥703.70 million in the previous period[39] - The inventory decreased to ¥1.55 billion, down 6.09% from ¥1.65 billion as of December 31, 2020[39] - The long-term receivables rose to ¥771.55 million, an increase of 28.00% from ¥603.36 million[41] Market and Product Development - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[63]