联发股份(002394) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was ¥937,102,470.30, representing a 3.95% increase compared to ¥901,459,437.32 in the same period last year[8]. - Net profit attributable to shareholders decreased by 85.34% to ¥16,618,488.22 from ¥113,327,475.53 year-on-year[8]. - Basic earnings per share dropped by 84.97% to ¥0.0512 from ¥0.3407 in the same period last year[8]. - Operating profit decreased by 93.03% year-on-year, mainly due to the impact of fair value changes in trading financial assets[17]. - The total comprehensive income for Q1 2021 was CNY 16.42 million, a decrease of 85.1% from CNY 110.50 million in Q1 2020[49]. - The net profit for Q1 2021 was impacted by a significant loss in fair value changes amounting to CNY -53,137,899.96 compared to a gain of CNY 123,107,495.69 in Q1 2020[47]. - The gross profit margin for Q1 2021 was approximately 5.0%, down from 14.8% in the previous year[51]. Cash Flow - The net cash flow from operating activities fell by 73.56% to ¥39,221,079.21, down from ¥148,318,638.87 in the previous year[8]. - Cash received from other operating activities increased by 183.58% year-on-year, primarily due to an increase in government subsidies received[17]. - The company reported a significant increase in cash flow from operating activities, totaling CNY 970.15 million, compared to CNY 785.90 million in the previous year, representing a growth of 23.4%[55]. - The total cash inflow from operating activities was ¥226,469,832.99, down from ¥316,387,936.23 in Q1 2020, indicating a decline of 28.4%[59]. - Cash outflow for purchasing goods and services was ¥721,843,240.04, which is a significant increase from ¥417,593,089.82 in the same quarter last year, marking a rise of 72.7%[56]. Assets and Liabilities - Total assets increased by 1.61% to ¥4,886,701,421.12 compared to ¥4,809,180,091.46 at the end of the previous year[8]. - The company's total liabilities increased to CNY 1,145,472,180.40 in Q1 2021 from CNY 1,085,149,710.92 in Q4 2020, marking a rise of 5.5%[41]. - The total equity attributable to shareholders reached CNY 3,727,514,964.15, up from CNY 3,708,925,595.57 in the previous quarter, indicating a growth of 0.5%[41]. - The company's inventory decreased to approximately CNY 722.15 million from CNY 757.25 million, a decline of 4.6%[38]. - The company's accounts payable decreased to approximately CNY 201.38 million from CNY 213.83 million, a decline of 5.8%[39]. Investment Activities - Investment income rose by 476.82% year-on-year, mainly attributed to dividends from held funds[17]. - Cash received from investment income increased by 413.32% year-on-year, primarily due to dividends from held funds[17]. - The company reported a total investment amount of 4,141 million, with a year-on-year increase of 2.63%[26]. - The net cash flow from investment activities was ¥78,208,943.78, an increase of 16.4% compared to ¥67,243,299.83 in the same period last year[57]. Risk Management and Hedging - The company engaged in hedging activities to mitigate risks associated with raw material price fluctuations and exchange rate volatility[27]. - The company has implemented strict risk control measures, including managing trading limits and ensuring compliance with internal procedures[27]. - The company’s foreign exchange hedging activities are designed to stabilize operational performance and mitigate the impact of exchange rate fluctuations[27]. - The company emphasizes that its derivative trading is not solely for profit but is closely tied to its operational activities, focusing on risk mitigation[27]. Research and Development - The company reported a research and development expense of CNY 20,243,432.16 for Q1 2021, slightly higher than CNY 19,674,427.96 in Q1 2020[47]. - Research and development expenses for Q1 2021 were CNY 16.07 million, slightly down from CNY 17.04 million in Q1 2020, indicating a focus on maintaining R&D investment[51].