太阳电缆(002300) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥2,066,958,560.27, representing a 67.74% increase compared to ¥1,232,209,678.26 in the same period last year[8] - Net profit attributable to shareholders was ¥20,659,723.92, a significant increase of 703.18% from ¥2,572,231.96 in the previous year[8] - The net profit after deducting non-recurring gains and losses reached ¥13,186,180.59, compared to a loss of ¥3,643,983.38 in the same period last year, marking a 461.86% improvement[8] - Basic earnings per share increased to ¥0.0315, up 707.69% from ¥0.0039 in the previous year[8] - The weighted average return on equity rose to 1.28%, an increase of 1.10 percentage points from 0.18% in the same period last year[8] - The company reported a significant increase in financing cash inflow by 6.44% to ¥550,000,000.00, with net borrowing increasing by ¥169,000,000.00 compared to the previous year[27] - The total comprehensive income for the current period was ¥39,738,331.26, compared to a loss of ¥8,069,374.74 in the previous period[74] - The company achieved a profit before tax of ¥42,612,164.84, compared to ¥2,722,109.22 in the previous period, indicating a strong performance[71] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,032,735,958.64, a slight increase of 0.59% from ¥4,009,207,548.52 at the end of the previous year[8] - Net assets attributable to shareholders increased to ¥1,630,419,261.86, reflecting a 1.79% rise from ¥1,601,680,198.32 at the end of the previous year[8] - Total liabilities decreased by 36.22% to ¥309,929,413.09, mainly due to the fulfillment of previously received advance payments[23] - The company's total liabilities decreased to ¥1,935,423,143.63 from ¥2,033,703,622.25, a reduction of approximately 4.8%[63] - Total equity increased to ¥1,553,353,384.55 from ¥1,528,443,154.25, representing a growth of about 1.6%[63] Cash Flow - The net cash flow from operating activities was negative at -¥347,907,854.64, worsening by 34.57% compared to -¥258,536,332.15 in the same period last year[8] - Operating cash flow for Q1 2021 was ¥2,080,519,672.40, reflecting a 63.74% increase year-on-year[25] - The cash flow from operating activities shows a net outflow of CNY -347,907,854.64, compared to CNY -258,536,332.15 in the previous period, indicating a worsening cash flow situation[86] - The cash flow from financing activities shows a net inflow of CNY 174,690,728.56, compared to a net outflow of CNY -5,013,366.23 in the previous period, indicating a positive shift in financing[88] Inventory and Receivables - Accounts receivable increased by 67.98% to ¥22,996,806.14, primarily due to an increase in payments settled with notes[23] - Prepayments surged by 461.13% to ¥23,542,495.42, reflecting increased material procurement[23] - Inventory rose by 31.98% to ¥700,515,687.57, driven by sales growth during the reporting period[23] - Inventory levels rose to CNY 700,515,687.57, up from CNY 530,783,912.62[47] Shareholder Information - The top three shareholders hold a combined 57.31% of the company's shares, with Fuzhou Taishun Industrial Co., Ltd. holding 22.31%[13] Government and Subsidies - The company reported a government subsidy of ¥9,602,124.65 during the reporting period, contributing to its financial performance[8] Research and Development - Research and development expenses for the current period were ¥5,225,786.94, down from ¥6,372,683.05, indicating a decrease of 17.9%[68] Risk Management - The company has established risk management systems for futures hedging to mitigate raw material price risks[37] Other Financial Metrics - The company reported a significant increase in other comprehensive income, with a net amount of CNY 8,079,279.00 compared to CNY -10,041,213.00 in the previous period[78] - The company has increased its cash flow from other operating activities to CNY 11,021,189.10, up from CNY 4,629,549.52 in the previous period, indicating improved operational efficiency[82] Audit and Reporting - The first quarter report for 2021 was not audited[96]