莱宝高科(002106) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was CNY 1,900,309,499.22, representing a 73.93% increase compared to the same period last year[11]. - Net profit attributable to shareholders for Q1 2021 was CNY 160,662,901.23, a 139.74% increase year-on-year[11]. - The net profit after deducting non-recurring gains and losses was CNY 154,933,344.14, reflecting a 146.23% increase compared to the previous year[11]. - The basic earnings per share for Q1 2021 was CNY 0.2276, up 139.83% from CNY 0.0949 in the same period last year[11]. - The company reported a net profit of CNY 379,699,802.56 for the period, compared to CNY 355,095,138.54 in the previous year, indicating a growth of about 7%[56]. - Total comprehensive income for Q1 2021 was CNY 161,599,520.09, compared to CNY 68,005,461.97 in Q1 2020, representing an increase of approximately 137.5%[63]. - Operating profit for Q1 2021 was CNY 182,628,728.02, up from CNY 79,812,439.90 in Q1 2020, reflecting an increase of about 128.5%[60]. - The company reported a gross profit margin of approximately 28.5% for Q1 2021, compared to 44.5% in Q1 2020, indicating a decrease in profitability[60]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 6,367,874,827.50, a 2.74% increase from the end of the previous year[11]. - The net assets attributable to shareholders at the end of the reporting period were CNY 4,578,342,294.82, an increase of 3.65% compared to the previous year[11]. - The total assets as of March 31, 2021, amounted to CNY 3,932,733,127.14, compared to CNY 4,105,275,534.42 at the end of December 2020, indicating a decrease of about 4.2%[54]. - The total liabilities were CNY 1,785,213,460.11, slightly up from CNY 1,777,089,682.74, reflecting a growth of approximately 0.8%[51]. - The total liabilities decreased slightly to RMB 3,026,585,000.00 from RMB 3,027,000,000.00, showing a marginal reduction[47]. Cash Flow - The company reported a net cash flow from operating activities of CNY 76,518,141.15, a decrease of 72.86% compared to the previous year[11]. - Cash inflow from operating activities reached CNY 1,957,308,218.78, up from CNY 1,387,977,005.90 year-on-year, reflecting a growth of approximately 41%[73]. - Cash outflow for purchasing goods and services was CNY 1,644,224,020.56, compared to CNY 962,115,528.30 in the previous year, representing a 71% increase[73]. - The net increase in cash and cash equivalents for the quarter was CNY 72,705,495.84, down from CNY 282,825,520.07 in the same period last year[74]. - The company’s cash flow from operating activities was impacted by increased payments to employees, which rose to CNY 192,476,239.46 from CNY 118,474,724.87 year-on-year[73]. Operational Risks and Strategies - The company faced operational risks due to supply chain disruptions caused by the COVID-19 pandemic and material shortages, impacting the demand for its large-size capacitive touch screens[7]. - The company plans to enhance its market share in large-size capacitive touch screens and promote its products in automotive, industrial control, and smart home markets to mitigate risks[7]. - The company will closely monitor exchange rate fluctuations and engage in foreign exchange derivative transactions to manage currency risk[8]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[56]. Research and Development - R&D expenses surged by RMB 38.04 million, a 95.04% increase, reflecting higher investments in new products, technologies, and processes[22]. - Research and development expenses increased to CNY 78,059,900.41 in Q1 2021, up from CNY 40,021,948.32 in Q1 2020, reflecting a rise of approximately 95%[60]. - The company plans to continue investing in R&D and expanding its market presence to drive future growth[60]. Other Financial Metrics - The company reported a decrease in financial expenses, with a net financial cost of CNY -20,635,387.19 in Q1 2021, compared to CNY -25,477,951.15 in Q1 2020[60]. - Other income for Q1 2021 was CNY 6,837,324.53, compared to CNY 4,732,136.36 in Q1 2020, indicating an increase of approximately 44.5%[60]. - The company has not engaged in any securities or derivative investments during the reporting period, indicating a conservative investment strategy[33][34]. - There were no violations regarding external guarantees or non-operational fund occupation by major shareholders during the reporting period[38][39].