银轮股份(002126) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥1,999,334,478.09, representing a 56.84% increase compared to ¥1,274,726,672.29 in the same period last year [9]. - Net profit attributable to shareholders was ¥105,192,206.17, up 13.05% from ¥93,052,233.55 year-on-year [9]. - The net profit after deducting non-recurring gains and losses was ¥88,116,958.63, reflecting a 20.73% increase from ¥72,987,849.25 in the previous year [9]. - Basic earnings per share increased to ¥0.13, an 8.33% rise from ¥0.12 in the previous year [9]. - Operating profit for Q1 2021 was ¥138,488,292.05, an increase of 15.4% compared to ¥119,915,770.03 in Q1 2020 [67]. - Net profit for Q1 2021 after tax was ¥119,745,996.45, compared to ¥100,703,848.27 in Q1 2020, reflecting a growth of 18.9% [67]. - The total comprehensive income for the current period was ¥119,960,883.61, compared to ¥103,038,188.30 in the previous period, marking an increase of about 16.5% [70]. Cash Flow - The net cash flow from operating activities improved to -¥30,934,027.13, a 66.68% improvement from -¥92,851,643.90 in the same period last year [9]. - The net cash flow from operating activities was -30,934,027.13, an improvement from -92,851,643.90 in the previous period, indicating a reduction in cash outflow [82]. - Cash inflows from operating activities totaled ¥1,554,205,556.27, a rise from ¥1,123,065,439.67 in the previous period, showing improved cash generation capabilities [78]. - Cash inflow from investment activities totaled 349,134,353.62, while cash outflow was 521,143,022.69, resulting in a net cash flow from investment activities of -172,008,669.07 [82]. - Cash inflow from financing activities was 964,999,645.49, with cash outflow of 828,515,988.36, leading to a net cash flow from financing activities of 136,483,657.13 [84]. Assets and Liabilities - Total assets at the end of the reporting period were ¥10,511,245,083.45, a 6.65% increase from ¥9,856,245,406.68 at the end of the previous year [9]. - The total liabilities of the company reached CNY 5,973,385,603.83, compared to CNY 5,494,558,582.87 in the previous period, marking an increase of about 8.7% [53]. - The company's total assets were reported at CNY 10,511,245,083.45, up from CNY 9,856,245,406.68, which is an increase of approximately 6.6% [56]. - Total liabilities increased to ¥3,662,539,462.16 as of March 31, 2021, compared to ¥3,399,322,852.29 at the end of 2020 [63]. - The company's equity totaled CNY 4,361,686,823.81, with CNY 2,045,994,009.40 in undistributed profits [96]. Costs and Expenses - Operating costs increased by 62.93% year-on-year, primarily due to rising transportation costs to ensure timely delivery to international clients [23]. - Financial expenses increased by 43.97% year-on-year, mainly due to increased exchange losses [23]. - The company experienced a significant increase in sales costs, which reached ¥1,034,450,904.62, compared to ¥621,581,204.61 in the previous period, highlighting rising operational costs [74]. - Research and development expenses rose by 37.07% year-on-year, driven by increased investment in new projects and products [23]. - The company plans to continue investing in R&D, with R&D expenses for Q1 2021 amounting to ¥80,654,213.16, up from ¥58,840,281.21 in Q1 2020, representing a 37.0% increase [67]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 40,530 [14]. - Net assets attributable to shareholders reached ¥4,099,367,980.35, up 4.10% from ¥3,937,786,096.18 at the end of the previous year [9]. - The company received government subsidies amounting to ¥14,693,922.56 during the reporting period [9]. Investment and Financing - The company plans to issue convertible bonds totaling up to 700 million yuan to support its financing needs [27]. - The company recorded a cash inflow of 911,952,720.25 from borrowings, which is an increase from 722,636,999.99 in the previous period, representing a 26.5% growth [82]. - The company has engaged in entrusted wealth management with a total amount of CNY 40,655,000, with no overdue amounts reported [38]. Miscellaneous - The company has no significant non-operating fund occupation by controlling shareholders or related parties during the reporting period [42]. - The company has no significant violations regarding external guarantees during the reporting period [41]. - The first quarter report was not audited, indicating preliminary financial results [104].