航天电器(002025) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was CNY 1,118,948,198.80, representing a 47.22% increase compared to CNY 760,036,377.38 in the same period last year[3] - The net profit attributable to shareholders for Q1 2021 was CNY 118,872,813.77, a 62.90% increase from CNY 72,971,358.86 year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 117,618,440.79, up 69.56% from CNY 69,366,292.46 in the previous year[3] - The basic earnings per share for Q1 2021 was CNY 0.28, a 64.71% increase from CNY 0.17 in the same period last year[3] - The operating revenue for the reporting period was CNY 1,118,948,198.80, representing a growth of 47.22% year-on-year, attributed to the company's efforts in expanding high-end electronic component markets and optimizing internal resource allocation[11] - The operating profit for the reporting period was CNY 153,407,690.36, reflecting a growth of 62.64% year-on-year, supported by a strong order backlog[11] - The total profit for the reporting period was CNY 155,052,152.27, an increase of 64.36% year-on-year, driven by robust product orders[11] - The total operating revenue for the first quarter of 2021 was CNY 584.95 million, an increase from CNY 332.46 million in the same period last year, representing a growth of 76%[29] - The net profit for the first quarter of 2021 reached CNY 136.06 million, compared to CNY 81.45 million in the previous year, marking a year-over-year increase of 67%[27] - The total profit for the first quarter of 2021 was CNY 155.05 million, significantly higher than CNY 94.34 million in the same period last year, representing a growth of 64%[27] Assets and Liabilities - The total assets at the end of the reporting period were CNY 6,764,192,954.46, an increase of 4.82% from CNY 6,453,091,461.79 at the end of the previous year[3] - The net assets attributable to shareholders at the end of the reporting period were CNY 3,525,791,009.86, up 3.52% from CNY 3,406,016,532.83 at the end of the previous year[3] - The total current liabilities were reported at CNY 2,950,000,000.00, compared to CNY 2,600,000,000.00 at the end of 2020, showing an increase of approximately 13.5%[19] - The total liabilities increased to CNY 2,507,191,075.82 from CNY 2,333,634,040.61, reflecting a rise of about 7.4% year-over-year[21] - The total assets amounted to CNY 4,540,107,715.36, slightly down from CNY 4,577,921,844.42, indicating a decrease of approximately 0.8%[24] - The total equity attributable to shareholders reached CNY 3,525,791,009.86, up from CNY 3,406,016,532.83, reflecting an increase of about 3.5%[21] Cash Flow - The net cash flow from operating activities for Q1 2021 was negative CNY 330,883,597.25, a decrease of 18.80% from negative CNY 278,521,305.07 in the previous year[3] - The cash inflow from operating activities was CNY 658,332,974.93, a significant increase from CNY 307,682,828.25 in the previous period, representing a growth of approximately 114.5%[31] - The cash outflow from operating activities totaled CNY 989,216,572.18, compared to CNY 586,204,133.32 in the prior period, indicating an increase of about 68.8%[31] - The cash outflow for investing activities was CNY 45,071,964.30, up from CNY 30,332,842.37, reflecting a rise of approximately 48.7%[32] - The net cash flow from investing activities was -CNY 45,062,964.30, compared to -CNY 30,269,842.37 in the previous year[32] - The cash inflow from financing activities was CNY 10,000,000.00 in the previous period, with no new inflows reported this quarter[34] - The net cash flow from financing activities remained unchanged at CNY 10,000,000.00[34] - The company reported a significant increase in cash outflow for employee payments, totaling CNY 291,459,559.25, compared to CNY 232,030,908.52 in the previous period, marking a rise of about 25.6%[31] Operational Metrics - The weighted average return on equity for Q1 2021 was 3.43%, compared to 2.38% in the same period last year[3] - The company's cash and cash equivalents at the end of the reporting period amounted to CNY 440,313,370.94, a decrease of 47.35% compared to the beginning of the year, primarily due to increased operational funding needs from rapid growth in main business orders[10] - The net accounts receivable at the end of the reporting period was CNY 2,497,836,736.62, an increase of 33.13% year-on-year, driven by a rise in operating income of CNY 358,911,821.42 compared to the same period last year[10] - The inventory balance at the end of the reporting period was CNY 827,009,507.48, up 32.21% from the beginning of the year, as the company increased material procurement to meet production needs[10] - The company's total operating expenses for the first quarter of 2021 were CNY 931.53 million, compared to CNY 639.22 million in the previous year, representing an increase of 46%[26] - The company achieved a gross profit margin of approximately 38% in the first quarter of 2021, compared to 47% in the same period last year[29] Future Outlook - The company plans to continue investing in new product development and market expansion strategies to sustain growth in the upcoming quarters[28] - The company approved a non-public stock issuance plan and is in the process of acquiring operational assets from a related enterprise, with an assessed market value of CNY 36,616.92 million[13]