远东传动(002406) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥649,611,474.51, representing a 93.56% increase compared to ¥335,606,861.88 in the same period last year[9] - Net profit attributable to shareholders was ¥83,061,076.45, up 67.15% from ¥49,692,514.38 year-on-year[9] - The net profit after deducting non-recurring gains and losses increased by 116.55%, reaching ¥76,215,808.24 compared to ¥35,196,178.90 in the previous year[9] - The basic earnings per share rose to ¥0.13, a 44.44% increase from ¥0.09 in the same period last year[9] - The company's operating profit for Q1 2021 was CNY 97,772,230.76, which is a 67.5% increase from CNY 58,374,913.36 in Q1 2020[44] - The total profit for Q1 2021 was CNY 97,994,257.88, up 71.8% from CNY 57,079,993.37 in Q1 2020[44] - Net profit attributable to the parent company for Q1 2021 was CNY 72.64 million, compared to a net profit of CNY 39.29 million in Q1 2020, indicating a growth of 84.73%[43] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,455,761,238.30, an increase of 4.54% from ¥4,262,358,283.05 at the end of the previous year[9] - The company's total assets as of March 31, 2021, amounted to CNY 4.58 billion, an increase from CNY 4.35 billion at the end of 2020, showing a growth of 5.19%[39] - The total liabilities increased to CNY 1.40 billion in Q1 2021 from CNY 1.26 billion in Q4 2020, marking a rise of 11.19%[40] - The company reported a total equity of CNY 3.17 billion as of March 31, 2021, compared to CNY 3.09 billion at the end of 2020, indicating a growth of 2.67%[40] Cash Flow - The company reported a net cash flow from operating activities of ¥57,100,797.96, a slight increase of 0.80% from ¥56,647,976.31 in the previous year[9] - Cash inflow from operating activities rose by 112.79% year-on-year, mainly due to increased sales revenue and customer payments[19] - Cash outflow from operating activities increased by 139.80% year-on-year, primarily due to higher payments for materials[19] - The company's cash flow from operating activities for Q1 2021 was CNY 57,100,797.96, slightly up from CNY 56,647,976.31 in the previous year[52] - The company reported a cash and cash equivalents balance of CNY 1,059,567,535.92 at the end of Q1 2021, down from CNY 959,897,910.13 at the end of Q1 2020[56] - The net increase in cash and cash equivalents for the quarter was -CNY 41,382,695.67, compared to an increase of CNY 49,883,961.76 in the same quarter last year[56] Operating Costs and Expenses - Operating costs increased by 110.90% year-on-year, primarily due to the reclassification of "transportation fees" to operating costs and rising raw material prices[19] - Total operating costs for Q1 2021 were CNY 557.97 million, up from CNY 296.32 million in Q1 2020, reflecting an increase of 88.36%[43] - R&D expenses grew by 40.26% year-on-year, attributed to increased investment in research and development[19] - Research and development expenses for Q1 2021 were CNY 28.92 million, up from CNY 20.62 million in Q1 2020, reflecting an increase of 40.19%[43] Future Plans - The company plans to continue expanding its market presence and enhancing product development in the upcoming quarters[18] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[39] - The company has not applied the new leasing standards for the financial statements starting from 2021[57] Other Financial Metrics - The weighted average return on net assets was 2.45%, up from 1.70% in the same period last year[9] - The company achieved a gross profit margin of approximately 18.7% in Q1 2021, compared to 20.3% in Q1 2020, indicating a slight decline in profitability[47] - The company did not undergo an audit for the Q1 2021 report[57]