中光学(002189) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for the first quarter of 2021 was ¥832,265,104.33, representing a 105.34% increase compared to ¥405,314,541.01 in the same period last year[8] - The net profit attributable to shareholders of the listed company was ¥3,114,822.56, a significant turnaround from a loss of ¥25,696,866.10 in the previous year, marking a 112.12% increase[8] - The basic earnings per share improved to ¥0.012 from a loss of ¥0.098, reflecting a 112.24% increase[8] - Operating profit increased by CNY 33,649,109.50, attributed to a low base effect from the previous year due to the pandemic[17] - Net profit attributable to shareholders increased by CNY 28,811,688.66, a growth of 112.12%, also due to the low base effect from the previous year[17] - The net profit for Q1 2021 was CNY 5.01 million, compared to a net loss of CNY 28.58 million in Q1 2020, marking a significant turnaround[43] - The total profit for Q1 2021 was CNY 5.05 million, a significant improvement from a total loss of CNY 28.58 million in the same quarter last year[43] - The company reported a total comprehensive income for Q1 2021 of CNY 5.01 million, compared to a comprehensive loss of CNY 28.58 million in Q1 2020[44] Cash Flow - The net cash flow from operating activities was negative at -¥233,498,041.88, a drastic decline of 11,085.51% compared to a positive cash flow of ¥2,125,508.67 in the same period last year[8] - Operating cash flow for Q1 2021 was negative at -233,498,041.88 CNY, compared to a positive cash flow of 2,125,508.67 CNY in Q1 2020, indicating a significant decline[51] - Total cash inflow from investment activities was 14,051,877.13 CNY, while cash outflow was 87,829,597.12 CNY, resulting in a net cash flow from investment activities of -73,777,719.99 CNY[51] - Cash flow from financing activities showed a net outflow of -59,946,644.54 CNY, compared to -1,473,694.44 CNY in the previous year, reflecting increased financial strain[52] - The ending cash and cash equivalents balance decreased to 527,756,853.98 CNY from 894,610,301.54 CNY at the beginning of the period, marking a decline of approximately 41%[52] - The company reported a total cash inflow of 30,000,000.00 CNY from financing activities, primarily from borrowing[52] - The cash outflow for purchasing goods and services increased to 959,975,414.59 CNY, up from 566,904,102.28 CNY in the previous year, indicating higher operational costs[51] - Employee compensation payments rose to 138,818,483.12 CNY, compared to 101,787,032.59 CNY in the same period last year, reflecting increased workforce costs[51] Assets and Liabilities - The company's total assets decreased by 6.72% to ¥3,242,323,853.42 from ¥3,475,881,684.28 at the end of the previous year[8] - Long-term equity investments amounted to ¥212,614,879.24, slightly down from ¥214,626,983.43[33] - Fixed assets increased to ¥419,094,816.00 from ¥398,551,147.75, reflecting a growth of approximately 4.1%[33] - Current liabilities totaled ¥1,680,623,429.70, down from ¥1,914,686,545.94, a reduction of approximately 12.2%[34] - The company's total liabilities decreased to ¥1,716,947,474.35 from ¥1,956,687,564.19, a decline of about 12.3%[34] - Owner's equity increased slightly to ¥1,525,376,379.07 from ¥1,519,194,120.09, showing a growth of approximately 0.4%[35] - The company reported a decrease in employee compensation payable to ¥39,283,296.45 from ¥68,085,877.65, a reduction of approximately 42.4%[34] - The total liabilities of the company amounted to CNY 1,956,687,564.19 as of the end of the first quarter of 2021[59] - The total equity attributable to the parent company was CNY 1,484,298,588.31, with total equity including minority interests reaching CNY 1,519,194,120.09[59] - The company reported a total asset value of CNY 3,475,881,684.28 as of the end of the first quarter of 2021[59] Expenses - The company's operating costs rose by 94.38% to ¥367,454,472.45, driven by the increase in operating revenue[16] - Sales expenses increased by CNY 3,448,172.40, a growth of 47.1%, mainly due to the increase in sales service fees, samples, and product losses resulting from revenue growth[17] - R&D expenses increased by CNY 12,188,365.63, a growth of 53.23%, primarily due to increased R&D investment during the reporting period[17] - Financial expenses increased by CNY 5,682,893.56, a growth of 117.74%, mainly due to increased borrowing interest expenses and exchange losses[17] - Total operating costs for Q1 2021 were approximately CNY 831.86 million, up from CNY 437.60 million in the same period last year, representing an increase of 89.9%[42] - Research and development expenses increased to CNY 35.08 million in Q1 2021 from CNY 22.90 million in Q1 2020, reflecting a year-over-year growth of 53.3%[42] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 27,896[12] - The largest shareholder, China Weapon Equipment Group Co., Ltd., holds a 39.37% stake in the company[12] Government Support - The company received government subsidies amounting to ¥6,326,222.30 during the reporting period[9] Accounting Changes - The company executed the revised Accounting Standards for Leases starting January 1, 2021, impacting the accounting treatment of lease liabilities and right-of-use assets[60]