日上集团(002593) - 2021 Q1 - 季度财报

Financial Performance - Revenue for Q1 2021 reached ¥830,977,022.62, an increase of 62.89% compared to ¥510,145,618.77 in the same period last year[7] - Net profit attributable to shareholders was ¥25,704,799.69, up 75.13% from ¥14,677,707.70 year-on-year[7] - Net profit excluding non-recurring gains and losses surged by 205.95% to ¥23,541,883.60 from ¥7,694,655.37 in the previous year[7] - Basic earnings per share doubled to ¥0.04 from ¥0.02, reflecting a 100% increase[7] - Total operating revenue for Q1 2021 reached ¥830,977,022.62, a significant increase of 62.8% compared to ¥510,145,618.77 in the same period last year[60] - Net profit for Q1 2021 was ¥25,436,154.21, representing a 70.5% increase from ¥14,903,543.15 in Q1 2020[62] - Operating profit for the quarter was ¥33,143,962.95, up 49.9% from ¥22,119,903.73 in the previous year[62] - Basic and diluted earnings per share for Q1 2021 were both ¥0.04, compared to ¥0.02 in Q1 2020[63] - The total comprehensive income for the quarter was ¥26,402,208.38, up from ¥15,483,254.23 in the same period last year[62] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,395,041,110.73, a 2.41% increase from ¥4,291,481,597.74 at the end of the previous year[7] - As of March 31, 2021, the company's total current assets amounted to CNY 3,160,324,793.74, an increase from CNY 3,074,282,100.96 at the end of 2020[51] - Total liabilities increased to CNY 2,398,592,729.80 from CNY 2,321,435,425.19, an increase of approximately 3.3%[54] - Current liabilities totaled CNY 2,219,959,041.98, an increase of approximately 3.2% from CNY 2,151,331,723.80[54] - Owner's equity rose to CNY 1,996,448,380.93 from CNY 1,970,046,172.55, representing an increase of about 1.3%[55] Cash Flow - Cash flow from operating activities showed a negative net amount of ¥171,062,252.37, worsening by 71.69% compared to the previous year's negative ¥99,636,059.99[7] - Cash received from sales of goods and services increased by 33.74% compared to the same period last year, driven by growth in sales revenue and improved cash collection[26] - Cash paid to employees increased by 42.15% compared to the same period last year, due to an increase in various employee-related expenses[26] - Cash paid for other operating activities increased by 205.14% compared to the previous period, mainly due to an increase in guarantee deposits and receivables[28] - The net cash flow from operating activities was -171,062,252.37 CNY, compared to -99,636,059.99 CNY in the previous period, indicating a decline in operational cash flow[68] - Total cash inflow from operating activities amounted to 734,441,521.11 CNY, up from 560,627,939.00 CNY in the previous period, reflecting a 31% increase[68] - Cash outflow from operating activities totaled 905,503,773.48 CNY, compared to 660,263,998.99 CNY previously, representing a 37% increase[68] Operating Costs and Expenses - The company reported a 67.37% increase in operating costs, attributed to higher order volumes and increased sales[24] - Total operating costs for Q1 2021 were ¥795,592,405.36, up 60.7% from ¥495,508,849.49 in Q1 2020[60] - Research and development expenses increased to ¥6,214,574.09, compared to ¥5,589,604.13 in the previous year, reflecting a focus on innovation[60] Other Financial Metrics - Other income decreased by 66.80% compared to the same period last year, mainly due to a reduction in government subsidies received[25] - Fair value changes in income decreased by 621.75% compared to the previous period, attributed to changes in the fair value of derivative products[26] - Credit impairment losses increased by 235.79% compared to the same period last year, primarily due to an increase in provisions for bad debts on accounts receivable and notes receivable[26] - The company reported a credit impairment loss of ¥5,250,492.00, compared to a loss of ¥1,563,611.44 in the previous year, indicating increased credit risk[60] Future Projections - The company's net profit attributable to shareholders for the first half of 2021 is expected to be between CNY 6,227.15 million and CNY 7,394.74 million, representing a growth of 60.00% to 90.00% compared to the same period last year[42] - Basic earnings per share are projected to increase to between CNY 0.09 and CNY 0.11, reflecting a growth of 50.00% to 83.33% year-on-year[42] - The significant increase in performance is primarily due to a low base in 2020 caused by the pandemic, with substantial growth in revenue from the company's main businesses of wheels and steel structures[42] Foreign Exchange and Risk Management - The company has implemented foreign exchange hedging to mitigate exchange rate risks and reduce foreign exchange losses[41] - The company has established a management system for foreign exchange hedging to strengthen internal controls and risk prevention measures[41] Changes in Accounting Policies - There were no significant changes in the accounting policies and principles for derivative investments compared to the previous reporting period[50]