通达动力(002576) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was ¥420,678,849.65, representing a 47.14% increase compared to ¥285,906,613.00 in the same period last year[9] - Net profit attributable to shareholders was ¥28,915,261.28, a significant increase of 382.65% from ¥5,990,920.62 year-on-year[9] - The net profit after deducting non-recurring gains and losses reached ¥27,676,524.67, up 559.68% from ¥4,195,420.99 in the previous year[9] - Basic earnings per share increased to ¥0.1751, reflecting a growth of 382.37% compared to ¥0.0363 in the same period last year[9] - Total operating revenue for Q1 2021 reached ¥420,678,849.65, compared to ¥285,906,613.00 in the same period last year, indicating a significant increase[37] - Net profit for Q1 2021 was ¥28,516,960.01, compared to ¥5,742,030.30 in Q1 2020, showing a substantial growth in profitability[39] - The total comprehensive income for Q1 2021 was ¥28,516,960.01, compared to ¥5,742,030.30 in Q1 2020, reflecting overall growth in financial performance[40] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,531,673,419.14, marking a 13.61% increase from ¥1,348,187,454.69 at the end of the previous year[9] - Total liabilities as of March 31, 2021, were ¥6,059,212.05, compared to ¥5,197,285.58 at the end of 2020, indicating an increase in financial obligations[35] - The company's total equity attributable to shareholders reached ¥866,059,800.72, down from ¥866,593,171.12 at the end of 2020[35] Cash Flow - The net cash flow from operating activities was ¥5,124,420.17, a decrease of 22.74% compared to ¥6,632,731.41 in the previous year[9] - Cash received from sales of goods and services increased by 33.03%, mainly due to increased cash receipts from product sales[6] - Cash flow from investing activities decreased by 353.84%, mainly due to increased expenditures on purchasing bank wealth management products[6] - Cash flow from financing activities increased by 533.96%, primarily due to the increase in bank borrowings[6] - The net cash flow from investing activities is -112,896,557.25, worsening from -24,875,592.92 in the previous period[48] - The net cash flow from financing activities improved to 100,705,078.89 from -23,206,033.33, indicating a significant turnaround[48] - The ending cash and cash equivalents balance is 138,767,513.08, down from 168,924,467.19, a decrease of approximately 17.9%[48] Shareholder Information - The total number of shareholders at the end of the reporting period was 21,158, with the largest shareholder holding 30.27% of the shares[13] - The company did not engage in any repurchase transactions during the reporting period[14] Research and Development - Research and development expenses increased by 40.38%, primarily due to increased R&D investment[6] - Research and development expenses for Q1 2021 were ¥10,368,319.21, compared to ¥7,385,918.91 in the previous year, highlighting an increase in investment in innovation[38] Non-Recurring Gains and Losses - The company reported non-recurring gains totaling ¥1,238,736.61, with government subsidies contributing ¥554,068.02[10] Operational Insights - Trading financial assets increased by 425.00%, mainly due to the increase in wealth management product purchases[6] - Construction in progress decreased by 93.38%, primarily because equipment installation and debugging were completed and transferred to fixed assets[6] - Other non-current assets increased by 71.42%, mainly due to the increase in prepaid equipment payments[6] - Short-term borrowings increased by 100.00%, primarily due to the increase in bank acceptance bill discounts[6] - Accounts payable increased by 39.58%, mainly due to the increase in raw material purchases[6] - Management expenses decreased to 546,715.62 from 583,408.91, reflecting a reduction of approximately 6.3%[42] - Financial expenses increased to 3,802.29 from 1,381.33, marking a rise of approximately 175.5%[42] Future Outlook - The report does not provide specific user data or performance guidance for future quarters, highlighting a lack of forward-looking statements[51] - There was no mention of new product development or market expansion strategies in the report, suggesting a focus on existing operations[51] - The company has not disclosed any mergers or acquisitions in the first quarter, indicating a stable operational strategy[51] - The report for the first quarter was not audited, which may affect the reliability of the financial data presented[53] - The company did not apply the new leasing standards for the first quarter, indicating a potential area for future compliance[52] Leadership - The company’s chairman, Wei Shaojun, presented the report, indicating leadership involvement in financial disclosures[54]