水晶光电(002273) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥866,342,057.05, representing a 45.18% increase compared to ¥596,724,329.15 in the same period last year[3] - The net profit attributable to shareholders for Q1 2021 was ¥96,145,845.53, up 20.71% from ¥79,653,326.03 in Q1 2020[3] - The basic earnings per share for Q1 2021 was ¥0.08, a 14.29% increase from ¥0.07 in the same period last year[3] - The company reported a total comprehensive income of CNY 100.17 million, compared to CNY 82.82 million in the previous year, representing an increase of about 20.9%[37] - The profit before tax for the quarter was CNY 111.83 million, compared to CNY 97.54 million in the previous year, showing an increase of about 14.7%[36] Cash Flow and Liquidity - The net cash flow from operating activities increased by 75.90%, reaching ¥191,876,575.85 compared to ¥109,083,843.25 in the previous year[3] - Cash inflow from operating activities totaled ¥1,185,628,466.08, compared to ¥789,443,825.52 in the previous year, reflecting a growth of 50.1%[43] - Cash outflow from operating activities was ¥993,751,890.23, an increase of 46.0% from ¥680,359,982.27 in the previous period[43] - The cash and cash equivalents decreased by 69.88% to CNY -49,375,643.94, primarily due to increased operational income offset by loan repayments[11] - The company reported a net increase in cash and cash equivalents of -¥49,375,643.94, compared to -¥163,912,222.39 in the previous year[45] Assets and Liabilities - Total assets at the end of the reporting period were ¥7,204,766,977.84, a decrease of 4.10% from ¥7,512,658,833.37 at the end of the previous year[3] - The total current assets of Zhejiang Crystal Optoelectronics Technology Co., Ltd. amounted to ¥2,806,043,211.53, a decrease from ¥3,162,743,792.01 at the end of the previous period[26] - The company's total liabilities were not specified, but the accounts payable decreased to ¥651,268,576.80 from ¥893,463,902.37, a decline of approximately 27.1%[27] - Total liabilities decreased to ¥804,289,635.10 from ¥1,066,930,276.10, reflecting a reduction of approximately 24.6%[33] - The total equity increased to ¥5,035,788,464.89, up from ¥4,979,580,376.54, indicating a growth of about 1.1%[33] Investments and Expenditures - Research and development expenses increased by 41.79% to CNY 46,719,480.08, reflecting the company's commitment to innovation[10] - The company plans to raise up to CNY 225,000,000 through a non-public offering of A-shares to fund projects related to optical components and working capital[12] - The total planned investment for the "Sapphire Crystal Growth and Deep Processing Project" is 385.70 million RMB, with an actual investment of 40.33 million RMB by the end of the reporting period, achieving an investment progress of 104.57%[20] - The company reported a recovery of ¥22,310,000 from its financial products, indicating a successful return on investment[24] Shareholder Information - The top shareholder, Star Group Co., Ltd., holds 10.16% of the shares, with a total of 123,753,273 shares[6] - The total number of ordinary shareholders at the end of the reporting period was 119,660[6] Government Support and Subsidies - The company received government subsidies amounting to ¥22,194,419.50 during the reporting period[4] - The company reported a significant increase in other income, which rose by 161.68% to CNY 22,194,419.50 due to increased government subsidies[10] Risk Management and Compliance - The company identified a financial misconduct case involving a subsidiary, with an estimated loss of over CNY 69 million, and is working to recover assets[12] - The company has engaged in forward foreign exchange contracts totaling 21.50 million USD, with a net asset value of 18.00 million RMB at the end of the reporting period, representing 2.07% of total assets[18] - The company has established a management system for forward foreign exchange settlements to mitigate risks associated with exchange rate fluctuations[19] - The company has implemented measures to manage customer default risks and improve accounts receivable management[19] Accounting and Reporting - The company has confirmed that there are no significant changes in accounting policies regarding derivative investments compared to the previous reporting period[19] - The first quarter report for 2021 has not been audited[56]