FDM(SZ:002196)2021-04-29 16:00Financial Performance - The company's revenue for Q1 2021 was CNY 413,717,563.81, representing a 163.94% increase compared to CNY 156,745,706.88 in the same period last year[9]. - Net profit attributable to shareholders was CNY 6,801,307.53, a significant turnaround from a loss of CNY 17,331,970.20 in the previous year, marking a 139.24% increase[9]. - Basic earnings per share improved to CNY 0.0145 from a loss of CNY 0.0370, reflecting a 139.19% increase[9]. - Operating revenue increased by 163.94% year-on-year, primarily driven by an increase in sales orders for new energy drive motors[18]. - Operating profit for the quarter was CNY 2,612,795.26, compared to a loss of CNY 17,129,709.81 in the previous year, indicating a turnaround in profitability[44]. - Net profit for the first quarter reached CNY 851,506.46, a substantial improvement from a net loss of CNY 17,412,166.36 in the same quarter last year[44]. - The total profit for the quarter was CNY 3,610,262.43, a significant recovery from a loss of CNY 17,232,012.45 in the same period last year[44]. - The company reported a total comprehensive income of CNY 616,950.60, a significant recovery from a loss of CNY 17,520,433.31 in the same period last year[45]. Cash Flow - The net cash flow from operating activities reached CNY 79,745,731.77, up 367.57% from CNY 17,055,338.49 in the same period last year[9]. - The company reported cash inflows from operating activities of CNY 347,619,887.16, compared to CNY 295,084,299.41 in the previous year, reflecting an increase of approximately 17.8%[51]. - The total cash inflow from operating activities was CNY 414,341,183.53, compared to CNY 306,435,822.07 in the same period last year, reflecting a growth of approximately 35%[52]. - Cash inflow from financing activities amounted to CNY 110,621,388.89, up from CNY 44,953,966.10 in the same quarter last year, marking an increase of approximately 146%[53]. - The net cash flow from financing activities was negative CNY 25,585,935.60, compared to a negative CNY 4,619,736.11 in the previous year[53]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,710,384,555.11, a 4.84% increase from CNY 2,585,207,986.07 at the end of the previous year[9]. - Total liabilities rose to CNY 1,125,164,513.67, up from CNY 1,000,604,895.23, indicating an increase of about 12.43%[36]. - Current liabilities totaled CNY 1,018,049,930.79, compared to CNY 942,814,393.85, marking an increase of approximately 8.02%[36]. - Non-current liabilities increased to CNY 107,114,582.88 from CNY 57,790,501.38, representing a significant rise of about 85.56%[36]. - The company's total equity stood at CNY 1,585,220,041.44, slightly up from CNY 1,584,603,090.84[37]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 36,450[12]. - The top shareholder, Zhang Min, held 10.14% of the shares, amounting to 47,512,167 shares, with a significant portion pledged[14]. Investment and Expenses - Investment income increased by 388.32% year-on-year, driven by higher profits from the joint venture with Yanfeng Adient[18]. - Research and development expenses amounted to CNY 30,017,798.70, up from CNY 26,441,882.41, reflecting a year-over-year increase of approximately 19.5%[44]. - Sales expenses rose by 66.55% year-on-year, mainly due to an increase in quality assurance funds[18]. - Financial expenses surged by 623.57% year-on-year, mainly due to increased exchange gains[18]. Dividend Policy - The company plans to maintain a minimum cash dividend ratio of 30% of the average distributable profit over the last three years[19]. - The company is committed to increasing cash dividend ratios or implementing stock dividends if net profits continue to grow steadily over the next three years[20].