*ST天沃(002564) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was CNY 2,019,021,986.61, representing a 99.65% increase compared to CNY 1,011,298,093.56 in the same period last year[9] - Net profit attributable to shareholders was CNY 4,821,086.08, a significant turnaround from a loss of CNY 191,681,475.04 in the previous year, marking a 102.52% increase[9] - The net profit after deducting non-recurring gains and losses was CNY 1,226,158.48, compared to a loss of CNY 188,806,602.04 last year, reflecting a 100.65% improvement[9] - Basic and diluted earnings per share were both CNY 0.01, compared to a loss of CNY 0.22 per share in the same period last year, indicating a 104.55% increase[9] - The total operating revenue for Q1 2021 reached CNY 2,995,575.47, a significant decrease from CNY 50,005,186.66 in the same period last year, representing a decline of approximately 94%[45] - The net profit for Q1 2021 was CNY 8,736,090.43, compared to a net loss of CNY 219,402,189.09 in Q1 2020, indicating a turnaround in profitability[43] - The total profit for Q1 2021 was CNY 10,479,915.40, compared to a total loss of CNY 237,208,941.49 in the previous year, indicating a significant improvement[43] - The total comprehensive income for Q1 2021 was CNY 8,986,695.96, compared to a total comprehensive loss of CNY -219,420,534.76 in Q1 2020, indicating a positive shift[43] Cash Flow and Liquidity - The company's cash flow from operating activities showed a net outflow of CNY 776,370,600.18, which is a 25.35% improvement from the outflow of CNY 1,040,082,725.74 in the previous year[9] - Cash inflows from operating activities totaled CNY 1,582,795,226.14, down from CNY 2,667,429,938.66 in the previous year, representing a decline of approximately 40.7%[49] - The total cash outflow from operating activities was 2,359,165,826.32 CNY, down from 3,707,512,664.40 CNY year-over-year, representing a decrease of about 36.3%[50] - The net cash flow from financing activities improved significantly to ¥42,915,293.45, compared to a negative cash flow of ¥68,451,414.26 in Q1 2020, marking a 162.69% change[18] - The cash and cash equivalents dropped to CNY 545,667,366.89 from CNY 978,958,737.88, representing a decrease of 44.2%[36] - The total cash and cash equivalents at the end of the period were 1,159,893,018.86 CNY, compared to 792,409,858.85 CNY at the end of the previous year, reflecting an increase of about 46.3%[52] Assets and Liabilities - Total assets at the end of the reporting period were CNY 31,016,153,111.68, a 2.07% increase from CNY 30,387,895,334.70 at the end of the previous year[9] - The total liabilities as of March 31, 2021, amounted to CNY 27,935,890,261.18, up from CNY 27,301,418,227.77 at the end of 2020, reflecting a growth of 2.3%[35] - The company's total assets decreased to CNY 31,016,153,111.68 from CNY 30,387,895,334.70, indicating a decline of 2.0%[35] - The company's total liabilities decreased slightly to ¥24,964,503,391.70 from ¥24,328,693,277.01, indicating stable financial management[32] - The total current liabilities amounted to CNY 22,538,195,832.86, a slight increase from CNY 22,345,065,383.07, reflecting a growth of 0.9%[35] Shareholder Information - The company reported a total of 54,122 common shareholders at the end of the reporting period[13] - The top shareholder, Shanghai Electric Group Co., Ltd., held 15.24% of the shares, amounting to 132,458,814 shares[13] Research and Development - R&D expenses surged by 144.32% to ¥56,449,111.58, up from ¥23,104,968.31, attributed to increased spending by subsidiaries[18] - Research and development expenses increased to CNY 56,449,111.58 from CNY 23,104,968.31, reflecting a growth of approximately 144% year-over-year[45] Credit and Impairment - The company reported a decrease in credit impairment losses by 59.92% to ¥68,022,516.59 from ¥169,737,573.67, reflecting improved credit conditions[18] - The company recorded a credit impairment loss of CNY -68,022,516.59, an improvement from CNY -169,737,573.67 in the same period last year[45] Financial Management - The weighted average return on net assets improved to 0.19%, up from -5.36% in the previous year, reflecting a 5.55% increase[9] - The company's short-term borrowings decreased to CNY 2,875,000,000.00 from CNY 3,175,000,000.00, a reduction of 9.5%[39] - Long-term borrowings increased to CNY 5,361,400,000.00 from CNY 4,916,500,000.00, marking an increase of 9.0%[35] Other Information - The company did not report any significant new product launches or technological advancements during this quarter[54]