Financial Performance - The company's operating revenue for Q1 2021 was ¥1,354,584,762.87, representing a 25.05% increase compared to ¥1,083,224,805.14 in the same period last year [11] - Net profit attributable to shareholders was ¥170,511,276.06, up 40.60% from ¥121,275,578.23 year-on-year [11] - The net profit after deducting non-recurring gains and losses reached ¥151,685,840.91, marking a 61.53% increase from ¥93,906,691.21 in the previous year [11] - The basic earnings per share increased to ¥0.13, a rise of 44.44% compared to ¥0.09 in the same period last year [11] - The company's operating revenue increased by 25.05% year-on-year, while net profit attributable to the parent company rose by 40.60%, driven by significant sales growth in commercial vehicle G-series high-end gearboxes and passenger vehicle CVT automatic gearboxes [24] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥11,600,711,550.82, a slight increase of 0.17% from ¥11,580,861,176.59 at the end of the previous year [11] - The net assets attributable to shareholders increased to ¥6,821,274,959.69, reflecting a growth of 2.56% from ¥6,650,763,683.63 at the end of the previous year [11] - The total liabilities decreased to ¥3,485,638,787.32 from ¥2,705,350,230.31, indicating a reduction in financial obligations [55] - The total equity attributable to shareholders increased to ¥6,154,806,981.61, compared to ¥6,143,367,123.92 in the previous period [55] - The total non-current liabilities remained stable at ¥16,620,100.59 compared to ¥16,976,140.59, reflecting consistent long-term financial planning [55] Cash Flow - The net cash flow from operating activities was ¥255,202,182.10, down 37.85% from ¥410,607,354.55 in the same period last year [11] - The net cash flow from operating activities was 255.20 million yuan, down from 410.61 million yuan in the same period last year, primarily due to increased cash outflows for purchasing goods [24] - The net cash flow from financing activities was 125.38 million yuan, a significant improvement from a net outflow of 370.43 million yuan in the same period last year [24] - Cash inflow from operating activities reached CNY 1,542,460,612.70, an increase from CNY 1,390,928,321.38 in the previous period [77] - Cash inflow from financing activities totaled CNY 630,000,000.00, compared to CNY 830,000,000.00 in the previous period [79] Investments and Expenses - Research and development expenses grew by 65.72% compared to the same period last year, reflecting increased investment in new technologies and products, particularly in strategic new products like heavy-duty AMT automatic transmissions and DHT hybrid systems [23] - The company's investment income decreased by 784.35% year-on-year, attributed to increased bill discounting costs and losses from equity investments [23] - The company's development expenditures at the end of the period increased by 62.49% compared to the beginning of the period, reflecting a rise in capitalized R&D project expenditures [23] - The company reported a significant increase in financial expenses, totaling CNY 12,919,521.60, up from CNY 11,807,684.10 in the previous period [61] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 28,960 [14] - The largest shareholder, Wanliyang Group Co., Ltd., held 28.66% of the shares, with 384,075,744 shares pledged [14] Other Financial Metrics - The company's retained earnings increased to ¥2,359,659,315.43, up from ¥2,189,148,039.37, showing growth in profitability [48] - The inventory level was reported at ¥211,866,597.32, an increase from ¥201,315,073.42, indicating potential growth in sales [49] - The company received government subsidies amounting to ¥22,507,178.84 during the reporting period [11] - The company received CNY 54,797,346.75 in tax refunds, a substantial increase from CNY 219,982.40 in the previous period [73] Audit and Compliance - The first quarter report was not audited [87] - The company has not applied the new leasing standards for retrospective adjustments [87]
万里扬(002434) - 2021 Q1 - 季度财报