海陆重工(002255) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥352,930,447.31, representing a 69.72% increase compared to ¥207,952,588.96 in the same period last year[8] - Net profit attributable to shareholders was ¥43,656,183.69, up 68.03% from ¥25,981,477.75 year-on-year[8] - The net profit after deducting non-recurring gains and losses increased by 120.62%, reaching ¥40,033,001.53 compared to ¥18,145,945.38 in the previous year[8] - The basic earnings per share rose to ¥0.0518, a 68.18% increase from ¥0.0308 in the same period last year[8] - Net profit for Q1 2021 was ¥46,678,872.79, reflecting a 90.36% increase from ¥24,521,831.20 in Q1 2020, primarily due to increased operating profit[17] - The company's total profit for Q1 2021 was ¥45,355,883.04, up 77.65% from ¥25,530,465.62 in Q1 2020, attributed to higher operating profit[16] - The company's gross profit margin improved to 18.5% in Q1 2021 from 12.5% in Q1 2020[44] - Basic and diluted earnings per share for Q1 2021 were both CNY 0.0518, compared to CNY 0.0308 in Q1 2020, marking a 68.8% increase[45] Cash Flow and Assets - The net cash flow from operating activities was negative at -¥65,826,010.92, a decline of 227.50% compared to ¥51,629,278.59 in the previous year[8] - As of March 31, 2021, the company's cash and cash equivalents amounted to 409,273,831.57 yuan, a decrease from 468,747,400.01 yuan at the end of 2020[34] - The total current assets as of March 31, 2021, were 2,809,579,558.63 yuan, slightly down from 2,841,384,651.88 yuan at the end of 2020[34] - The company's cash and cash equivalents decreased to CNY 282,200,986.36 from CNY 350,383,102.30, a decline of approximately 19.5%[37] - The ending balance of cash and cash equivalents was CNY 218,638,254.84, up from CNY 171,737,399.90 in the previous period[52] Liabilities and Equity - Total liabilities decreased to CNY 2,096,033,758.36 from CNY 2,149,844,640.03, showing a reduction of about 2.5%[36] - The company's total equity rose to CNY 2,750,500,712.28 from CNY 2,705,162,856.91, an increase of approximately 1.7%[37] - The total liabilities for the first quarter of 2021 were CNY 1,875,134,654.48, reflecting a decrease compared to the previous year[61] Investments and Expenses - Investment income surged by 1121.50% to ¥2,435,139.38 in Q1 2021 from ¥199,356.86 in Q1 2020, due to increased long-term equity investment income[16] - Research and development expenses were CNY 5,024,845.38, slightly up from CNY 4,659,683.94, indicating a focus on innovation[43] - The company reported a significant increase in accounts receivable, rising by 311.53% to ¥9,472,278.76 from ¥2,301,740.36, due to the collection of matured bills[16] Future Outlook and Commitments - The company plans to pursue legal actions to enforce performance compensation commitments related to a previous acquisition, ensuring protection of shareholder interests[18] - The company has a commitment to serve the target company or its subsidiaries for at least six years, with a non-compete clause during this period[21] - The company failed to fulfill the profit commitment of a cumulative net profit of no less than 823.27 million yuan for the years 2017 to 2019[20] - The decline in net profit is primarily due to the absence of a special situation in 2021, unlike 2020 when the company recognized a reversal of excess losses amounting to 473 million yuan after divesting its subsidiary[25]