万和电气(002543) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was CNY 2,114,013,863.17, representing a 47.81% increase compared to CNY 1,430,239,540.05 in the same period last year[8] - Net profit attributable to shareholders was CNY 154,391,741.92, up 20.62% from CNY 127,998,119.61 year-on-year[8] - The net profit after deducting non-recurring gains and losses was CNY 154,050,450.42, reflecting a 25.30% increase from CNY 122,946,168.22 in the previous year[8] - Basic and diluted earnings per share were both CNY 0.21, a 23.53% increase from CNY 0.17 in the previous year[8] - The company reported a total comprehensive income of CNY 154,025,424.81 for Q1 2021, compared to CNY 121,329,766.33 in the previous year, an increase of 27.0%[66] - The total operating profit for the period was 80,061,289.54, an increase from 37,055,396.81 in the previous period[70] - The net profit reached 68,847,367.17, compared to 31,972,388.40 in the same period last year, reflecting a significant growth[70] Cash Flow - The net cash flow from operating activities decreased by 71.74%, amounting to CNY 143,208,298.08 compared to CNY 506,777,448.85 in the same period last year[8] - Cash flow from financing activities increased by 561.35% year-on-year, primarily due to a decrease in cash payments for debt repayment[26] - Cash flow from operating activities amounted to 1,831,050,855.48, up from 1,738,352,720.72 in the previous year[74] - The company reported a net cash flow from investing activities of -92,946,059.65, a decrease from 29,319,198.93 in the prior period[80] - Cash inflow from financing activities was $230 million, up from $217.26 million in the previous period[86] - Net cash flow from financing activities increased significantly to $135.79 million, compared to $11.74 million in the previous period[86] Assets and Liabilities - Total assets at the end of the reporting period were CNY 8,084,134,107.51, a 3.58% increase from CNY 7,804,895,960.83 at the end of the previous year[8] - Net assets attributable to shareholders increased by 3.80%, reaching CNY 4,218,947,381.34 compared to CNY 4,064,520,647.14 at the end of the previous year[8] - The company's total liabilities increased to ¥3,859,678,158.40 from ¥3,734,465,436.53, an increase of approximately 3.4%[46] - The company's long-term borrowings increased by 6,932.53% compared to the beginning of the period, due to increased bank financing[22] - Current liabilities decreased to ¥3,535,539,892.23 from ¥3,608,706,065.16, a reduction of approximately 2%[46] Shareholder Information - The company had a total of 20,113 common shareholders at the end of the reporting period[12] - The total equity attributable to shareholders rose to ¥4,218,947,381.34 from ¥4,064,520,647.14, reflecting an increase of approximately 3.8%[49] Operating Costs and Expenses - Operating costs increased by 58.12% year-on-year, attributed to the growth in sales and rising raw material prices[23] - Financial expenses decreased by 82.20% year-on-year, mainly due to increased interest income from bank deposits and reduced fees[23] - Research and development expenses for Q1 2021 were CNY 50,324,337.94, slightly up from CNY 48,174,534.76 in the previous year, showing a growth of 2.4%[60] Tax and Government Subsidies - The company reported a government subsidy of CNY 4,007,338.75 during the reporting period[8] - The company's tax payable increased by 94.21% compared to the beginning of the period, driven by increased sales impacting VAT and income tax[22] - The company received tax refunds amounting to 67,541,885.38, compared to 56,694,937.92 in the previous year[78] Other Financial Metrics - The weighted average return on equity was 3.73%, up from 3.37% in the previous year[8] - The company's retained earnings increased to ¥2,261,516,487.65 from ¥2,107,124,745.73, reflecting a growth of about 7.3%[49] - The company's long-term equity investments increased to ¥1,062,010,288.95 from ¥1,058,399,505.08, a growth of about 0.3%[53] - The company's financial expenses showed a net income of CNY -9,503,980.24, compared to CNY -5,216,283.62 in the previous year, indicating a worsening in financial costs[60]