康强电子(002119) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was CNY 473,833,242.54, representing a 71.57% increase compared to CNY 276,167,362.69 in the same period last year[7]. - Net profit attributable to shareholders was CNY 22,717,801.10, a 100.07% increase from CNY 11,354,864.40 year-on-year[7]. - The net profit after deducting non-recurring gains and losses was CNY 25,108,563.11, up 200.97% from CNY 8,342,633.50 in the previous year[7]. - The basic earnings per share increased to CNY 0.06, doubling from CNY 0.03 in the same quarter last year[7]. - Total operating revenue for Q1 2021 reached CNY 473,833,242.54, a significant increase from CNY 276,167,362.69 in the previous period[37]. - Net profit for Q1 2021 was CNY 22,717,801.10, up from CNY 11,354,864.40 in the same period last year, indicating a growth of 100%[39]. - The company reported a total profit of CNY 27,438,126.96 for the quarter, compared to CNY 13,725,072.56 in the previous year, marking a substantial increase[39]. - The net profit for the first quarter of 2021 was CNY 18,962,916.59, compared to CNY 3,602,914.24 in the same period last year, representing an increase of approximately 426%[43]. - Operating profit for the first quarter reached CNY 22,809,506.01, significantly higher than CNY 4,377,012.02 in the previous year, indicating a growth of about 420%[43]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,900,870,877.92, a 3.93% increase from CNY 1,829,046,813.59 at the end of the previous year[7]. - The company's total assets reached CNY 1,846,071,316.39, up from CNY 1,785,889,350.25, reflecting growth in the company's asset base[38]. - The total liabilities of the company were CNY 906,951,954.51, compared to CNY 857,845,691.28, marking an increase of around 5.7%[31]. - Total liabilities increased to CNY 1,029,059,899.19 from CNY 987,840,849.64, showing a rise in financial obligations[38]. - The company's equity attributable to shareholders reached CNY 993,918,923.41, up from CNY 971,201,122.31, which is an increase of approximately 2.6%[32]. - The company's total liabilities to equity ratio stood at approximately 0.91, reflecting a slight increase from the previous period[31]. Cash Flow - The net cash flow from operating activities was negative CNY 32,675,439.94, a decline of 389.59% compared to a positive CNY 11,283,451.81 in the same period last year[7]. - Cash flow from operating activities decreased by 43.9589 million yuan, a decrease of 389.59%, mainly due to an increase in operating receivables and inventory[15]. - The company incurred a total operating cash outflow of CNY 377,520,719.45, compared to CNY 226,835,302.55 in the previous year, marking an increase of approximately 66%[47]. - The financing activities generated a net cash inflow of CNY 45,481,609.07, compared to CNY 16,033,490.13 in the same period last year, showing an increase of approximately 184%[48]. - The net cash flow from financing activities increased to 56,784,388.81 from 33,265,994.44 year-over-year[51]. - The cash outflow for the acquisition of fixed assets and other long-term assets was 5,288,313.16, a decrease from 6,793,970.90 year-over-year[51]. - The cash paid for debt repayment was 99,000,000.00, compared to 54,000,000.00 in the previous year[51]. Shareholder Information - The company reported a total of 42,445 common shareholders at the end of the reporting period[11]. - The largest shareholder, Ningbo Pulisais Electronic Co., Ltd., held 19.72% of the shares, amounting to 74,009,208 shares, which are currently frozen[11]. Operational Metrics - Operating costs increased by 169.1356 million yuan, an increase of 77.08%, mainly due to sales growth during the period[15]. - Management expenses increased by 8.4057 million yuan, an increase of 51.92%, primarily due to increased employee compensation and depreciation expenses[15]. - Research and development expenses for the quarter were CNY 14,365,482.41, slightly down from CNY 15,261,172.92 year-over-year[38]. Other Financial Metrics - The weighted average return on equity was 2.31%, up from 1.26% in the previous year[7]. - Credit impairment losses increased by 4.5459 million yuan, an increase of 568.56%, mainly due to increased bad debt provisions resulting from revenue growth[15]. - Investment income decreased by 0.9057 million yuan, a decrease of 411.87%, mainly due to losses from ineffective hedging during the period[15].