森源电气(002358) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was CNY 413,497,015.90, representing a 48.47% increase compared to CNY 278,504,638.84 in the same period last year[7]. - The net profit attributable to shareholders was CNY 4,432,482.77, a 6.10% increase from CNY 4,177,483.38 year-on-year[7]. - The net profit after deducting non-recurring gains and losses was CNY 651,730.92, a significant turnaround from a loss of CNY 12,934,060.83 in the previous year, marking a 105.04% improvement[7]. - The basic earnings per share for the period was CNY 0.0048, up 6.67% from CNY 0.0045 in the same period last year[7]. - The diluted earnings per share also stood at CNY 0.0048, reflecting the same 6.67% increase year-on-year[7]. - The net profit for the first quarter of 2021 was not disclosed, but the company warned of potential losses or significant changes compared to the previous year[26]. - The net profit for Q1 2021 was CNY 4,792,655.07, a significant recovery from a net loss of CNY 9,526,234.42 in Q1 2020[47]. - The operating profit for the current period was CNY 4,869,509.61, compared to an operating loss of CNY 9,602,808.45 in the previous year[47]. Cash Flow - The net cash flow from operating activities was CNY 5,778,331.53, compared to a negative cash flow of CNY 105,414,929.80 in the same period last year, reflecting a 105.48% increase[7]. - Net cash flow from operating activities improved by 105.48% to CNY 5,778,331.53, compared to a negative CNY 105,414,929.80 in the previous year, mainly due to increased cash receipts from sales[20]. - The net increase in cash and cash equivalents was CNY -23,576,513.01, an improvement of 81.60% compared to CNY -128,124,607.22 in the previous year, attributed to the increase in net cash flow from operating activities[20]. - The cash flow from operating activities generated a net cash inflow of CNY 5,778,331.53, a turnaround from a net outflow of CNY 105,414,929.80 in the same quarter last year[51]. - The cash flow from financing activities resulted in a net outflow of CNY 28,259,004.71, compared to a net outflow of CNY 8,135,510.58 in the previous year[53]. - The company received CNY 259,330,000.00 in cash from borrowings during the quarter, down from CNY 605,000,000.00 in the same period last year[51]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 6,975,688,790.12, a slight decrease of 0.84% from CNY 7,034,872,418.89 at the end of the previous year[7]. - The total assets decreased to CNY 6,706,731,261.51 from CNY 6,769,763,675.98 at the end of the previous quarter[42]. - The total liabilities decreased to 3,425.42 million CNY from 3,489.54 million CNY, showing a reduction of approximately 1.8%[37]. - The total liabilities decreased to CNY 3,080,451,675.92 from CNY 3,148,276,745.46 at the end of the previous quarter[42]. - The company's inventory decreased to 676.17 million CNY from 723.93 million CNY, a decline of about 6.6%[35]. Equity and Shareholder Information - The net assets attributable to shareholders increased to CNY 3,546,148,770.89, a 0.13% rise from CNY 3,541,716,288.12 at the end of the last year[7]. - The company reported a total equity of 3,550.26 million CNY as of March 31, 2021, slightly up from 3,545.33 million CNY at the end of 2020[39]. - The weighted average return on equity was 0.13%, an increase of 0.04% compared to 0.09% in the previous year[7]. - The company has no reported instances of non-compliance with external guarantees or non-operational fund occupation by major shareholders during the reporting period[29][30]. Revenue and Costs - Operating revenue increased by 48.47% to CNY 413,497,015.90 compared to CNY 278,504,638.84 in the same period last year, primarily due to increased revenue from power transmission and transformation products and sanitation services[17]. - Operating costs rose by 52.84% to CNY 322,886,732.18, reflecting the increased costs associated with the higher revenue from electrical products and sanitation services[17]. - The total operating costs amounted to CNY 404,995,133.74, up 40.4% from CNY 288,509,666.47 year-on-year[45]. Research and Development - The company reported a total of CNY 8,182,389.39 in R&D expenses, a decrease of 14.6% from CNY 9,587,337.01 in the previous year[45]. - The company reported a decrease in research and development expenses to CNY 5,570,369.42 from CNY 8,308,204.31 in the previous year, indicating a focus on cost management[47]. Other Information - The company has not engaged in any securities or derivative investments during the reporting period[22][23]. - The company has ongoing contracts with the Nepal Electricity Authority for a total of 84.65 million CNY, but revenue recognition has been impacted by project delays[26]. - The chairman of the company, Yang Heling, presented the Q1 2021 report on April 28, 2021, highlighting the financial performance and challenges faced[58]. - The Q1 2021 report has not been audited, which may affect the reliability of the financial data presented[57].