维信诺(002387) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was ¥615,464,304.14, representing a 49.29% increase compared to ¥412,267,907.45 in the same period last year[9]. - The net profit attributable to shareholders was -¥457,387,434.83, a decrease of 77.69% from -¥257,408,393.84 year-over-year[9]. - The basic earnings per share for the period was -¥0.3344, a decline of 77.68% from -¥0.1882 in the same period last year[9]. - The weighted average return on equity was -3.06%, down from -1.73% year-over-year, indicating a worsening financial performance[9]. - The company reported a net loss of CNY 529,710,831.07 for the first quarter of 2021, compared to a profit of CNY 39,675,739.62 in the same period of the previous year[52]. Cash Flow - The net cash flow from operating activities was ¥693,674,790.80, showing a significant increase of 291.94% compared to -¥361,409,528.79 in the previous year[9]. - Cash flow from operating activities for the current period is ¥693,674,790.80, a recovery from -¥361,409,528.79 in the previous period[82]. - Cash flow from operating activities net amount reached ¥723,689,303.28, a significant improvement compared to the previous period's negative cash flow of -¥10,456,530.42[85]. - The company’s cash flow from operating activities showed a strong recovery, indicating improved operational efficiency and revenue generation capabilities[85]. Assets and Liabilities - The total assets at the end of the reporting period were ¥37,780,139,188.21, a decrease of 1.93% from ¥38,524,849,342.06 at the end of the previous year[9]. - The total liabilities decreased to CNY 18,826,903,900.54 as of March 31, 2021, from CNY 19,041,903,223.32 at the end of 2020, a reduction of about 1.1%[50]. - The company's total assets amounted to CNY 37,780,139,188.21 as of March 31, 2021, down from CNY 38,524,849,342.06 at the end of 2020, reflecting a decrease of approximately 1.9%[52]. - Total liabilities as of March 31, 2021, were CNY 8,377,272,761.44, compared to CNY 7,812,339,246.85 at the end of the previous year, showing an increase in liabilities[60]. Investments and R&D - R&D expenses rose to ¥231,630,099.68 in Q1 2021, an increase of 111.19% from ¥109,676,715.81 in Q1 2020, reflecting increased investment in R&D projects[25]. - The company plans to continue investing in R&D to enhance product offerings and market competitiveness[63]. - The company recognized an investment loss of ¥73,277,106.13 in Q1 2021, a significant increase from the previous year, indicating challenges in joint venture performance[25]. Shareholder Information - The top shareholder, Tibet Zhihe Capital Management Co., Ltd., held 18.43% of the shares, amounting to 252,051,197 shares[13]. - The total comprehensive income attributable to the parent company is -¥457,387,434.83, compared to -¥257,408,393.84 in the previous period[70]. Inventory and Receivables - The company’s inventory increased by 27.40% to ¥663,161,722.95, attributed to pre-stocking of raw materials for future sales[22]. - The company reported a significant increase in accounts receivable, which rose to CNY 616,833,854.10 from CNY 162,374,393.58, indicating higher sales on credit[56]. - Accounts receivable increased significantly to CNY 878,052,340.72 as of March 31, 2021, compared to CNY 497,080,330.09 at the end of 2020, representing a growth of about 77%[44]. Financing Activities - The company’s cash flow from financing activities turned negative at -¥1,231,133,916.56 in Q1 2021, a decrease of 807.35% compared to positive cash flow in the previous year, primarily due to increased debt repayments[25]. - Total cash inflow from financing activities amounted to ¥1,898,021,089.12, up from ¥1,637,076,138.00 in the previous period[84]. - Cash outflow from financing activities increased to ¥3,129,155,005.68, compared to ¥1,463,026,766.19 in the previous period, resulting in a net cash flow from financing activities of -¥1,231,133,916.56[84]. Other Financial Metrics - The company recognized government subsidies amounting to ¥11,550,574.26 during the reporting period[9]. - The company reported a significant increase in non-current asset disposal gains of ¥6,541,239.93 during the reporting period[9]. - The company has no significant contracts or entrusted financial management activities during the reporting period[37][40].