胜利精密(002426) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was ¥1,148,051,108.83, representing a decrease of 41.19% compared to ¥1,952,053,258.21 in the same period last year[8] - Net profit attributable to shareholders was ¥72,596,749.11, down 81.59% from ¥394,343,869.21 year-on-year[8] - The net cash flow from operating activities was ¥68,764,588.78, a decline of 72.44% compared to ¥249,470,072.71 in the previous year[8] - Basic earnings per share decreased by 81.24% to ¥0.0215 from ¥0.1146 in the same period last year[8] - Total revenue for the first quarter was approximately $1.15 billion, a decrease of 41.19% compared to $1.95 billion in the same period last year[25] - Operating costs decreased to approximately $934 million, down 43.80% from $1.66 billion year-over-year[25] - Investment income dropped by 99.92% to approximately $371,116, primarily due to last year's gains from the sale of a subsidiary[25] - The company reported a significant reduction in long-term payables, down 100% to $0, as these were reclassified as current liabilities[25] - The company reported a net profit of 40 million yuan for the year 2017, with commitments to maintain profits of no less than 45 million yuan in 2018 and 55 million yuan in 2019[41] - The company reported a total operating profit of ¥288,992,145.09, down from ¥451,882,935.56 in the previous period[85] Assets and Liabilities - Total assets at the end of the reporting period were ¥10,576,712,983.62, down 5.47% from ¥11,188,346,403.06 at the end of the previous year[8] - The total assets decreased to ¥10,576,712,983.62 from ¥11,188,346,403.06, a reduction of 5.48%[62] - The company's total equity decreased to ¥4,543,415,982.97 from ¥4,584,421,667.93, a reduction of 0.89%[64] - The total liabilities decreased to ¥6,033,297,000.65 from ¥6,603,924,735.13, a decline of 8.63%[62] - The company's total liabilities included short-term borrowings of ¥2,532,764,121.30 and accounts payable of ¥2,163,909,923.22[100] - The total current liabilities were CNY 5,867,444,474.68, with no adjustments noted[103] Cash Flow - The cash flow from investment activities showed a dramatic increase of 42,964.80% to approximately $43.06 million, mainly due to equity payments for acquisitions[27] - The cash inflow from operating activities totaled ¥1,600,767,084.68, compared to ¥2,154,205,034.07 in the previous period[88] - The company experienced a net cash outflow from investing activities of ¥96,116,337.52, compared to a net inflow of ¥711,404,301.55 in the previous period[92] - Total cash inflow from financing activities was ¥519,937,322.59, while cash outflow was ¥760,572,752.12, resulting in a net cash flow of -¥240,635,429.53[94] - The company reported cash and cash equivalents at the end of the period amounting to ¥840,375,361.19, down from ¥1,105,386,361.65 at the beginning of the period[94] Shareholder Information - The total number of shareholders at the end of the reporting period was 81,745[12] - The largest shareholder, Gao Yugen, held 15.73% of the shares, with a total of 541,299,465 shares[12] Government Support and Subsidies - The company received government subsidies amounting to ¥35,233,536.14 during the reporting period[8] - Other income increased significantly by 240.28% to approximately $35.23 million, primarily due to government subsidies related to asset sales[25] Legal and Compliance Issues - The company has not completed the performance commitments for the years 2016 and 2017, leading to ongoing legal actions for stock repurchase and compensation[43] - The company is currently in the process of repurchasing shares to compensate for unmet performance commitments[43] - The company is actively pursuing legal recourse to recover outstanding performance compensation amounts[43] - The company has not reported any violations regarding external guarantees during the reporting period[49] - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties[50] Strategic Initiatives - The company announced plans to expand its market presence through acquisitions and new product development[38] - The company approved the acquisition of 60% equity in Suzhou Zhongsheng Precision Manufacturing Co., Ltd. for RMB 124.2 million, resulting in the company holding 100% equity after the transaction[30] - The company authorized the establishment of a bill pool business with a limit of RMB 500 million to improve fund utilization and reduce management costs[29] - The company plans to provide a credit guarantee of up to RMB 34 million for its subsidiary Suzhou Zhongsheng Precision Manufacturing Co., Ltd. to support its daily operations, with the guarantee period extended to April 30, 2022[28] Research and Development - Research and development expenses for the current period are CNY 64,511,263.65, compared to CNY 60,647,823.53 in the previous period, showing an increase of approximately 6.1%[76] - Research and development expenses increased to ¥23,176,202.33, up 35.9% from ¥17,086,659.37 in the previous period[82]