大连电瓷(002606) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥356,830,072.44, representing a 101.83% increase compared to ¥176,796,317.04 in the same period last year[8] - Net profit attributable to shareholders was ¥82,066,954.72, a significant increase of 447.84% from ¥14,980,121.79 year-on-year[8] - The net profit after deducting non-recurring gains and losses reached ¥79,188,517.32, up 489.93% from ¥13,423,424.30 in the previous year[8] - The basic earnings per share increased to ¥0.1970, reflecting a 392.50% rise from ¥0.0400 in the same period last year[8] - Net profit attributable to the parent company increased by 447.84% year-on-year, mainly due to increases in operating revenue and gross profit[39] - The company reported a total comprehensive income of CNY 81,171,300.52, compared to CNY 14,980,121.79 in the previous year, showcasing strong overall performance[81] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,709,857,200.30, a 9.94% increase from ¥1,555,299,168.95 at the end of the previous year[8] - Total assets as of March 31, 2021, were RMB 1,709,857,200.30, compared to RMB 1,555,299,168.95 at the end of 2020[68] - Total liabilities decreased to RMB 414,072,942.58 from RMB 468,007,375.65 year-over-year[69] - Total liabilities were ¥201,120,871.30 as of March 31, 2021, compared to ¥194,969,478.51 at the end of 2020, reflecting a slight increase of 3.9%[73] - The company's equity increased to RMB 1,295,784,257.72 as of March 31, 2021, from RMB 1,087,291,793.30 at the end of 2020[69] Cash Flow - Cash flow from operating activities was ¥64,207,462.13, up 27.44% from ¥50,382,884.57 in the same period last year[8] - Cash received from sales of goods and services increased by 43.34% year-on-year, due to higher sales collections[40] - Cash paid for purchasing goods and services increased by 50.63% year-on-year, primarily due to increased raw material purchases[41] - Cash paid for taxes increased by 108.30% year-on-year, driven by increased sales revenue[43] - Cash flow from the disposal of fixed assets increased by 100% year-on-year, due to the disposal of fixed assets[43] - Cash invested in financial products increased by 100% year-on-year, reflecting the purchase of financial products[44] - The net cash flow from operating activities was negative at ¥3,240,395.03, an improvement compared to the previous period's negative cash flow of ¥26,109,707.17[87] - Cash flow from financing activities generated a net inflow of ¥126,401,252.21, primarily due to cash received from investments amounting to ¥126,880,790.43[89] Operating Costs and Expenses - Operating costs increased by 84.52% year-on-year, primarily due to the increase in operating revenue and adjustments in freight costs[28] - Research and development expenses increased by 89.39% year-on-year, attributed to higher experimental and R&D costs[31] - Operating costs for Q1 2021 were ¥261,932,431.77, up 67.0% from ¥157,036,769.24 in the same period last year[76] - Research and development expenses for Q1 2021 were ¥16,949,511.57, which is an increase of 89.5% compared to ¥8,949,334.86 in Q1 2020[76] Cash and Cash Equivalents - The company’s cash and cash equivalents increased by 91.12% compared to the end of the previous year, mainly due to cash received from stock issuance[16] - As of March 31, 2021, cash and cash equivalents amounted to RMB 296,890,186.01, an increase from RMB 155,344,683.42 at the end of 2020[67] - Cash and cash equivalents increased significantly to ¥150,258,354.94 from ¥27,103,624.99, marking a growth of 453.5%[72] - The total cash and cash equivalents at the end of the period increased to ¥146,087,582.77, compared to ¥20,644,481.54 at the end of the previous period, reflecting a net increase of ¥123,125,280.10[89] Other Financial Metrics - The company reported a credit impairment loss of CNY 3,538,241.91, compared to a loss of CNY 211,957.81 in the previous period, indicating a deterioration in credit quality[81] - The company has no derivative investments during the reporting period[57] - There were no significant contracts or trust investments during the reporting period[60][61] - The company did not report any cash inflow from investment activities, resulting in a net cash outflow of ¥6,310.00 for the investment activities[89] - The impact of exchange rate changes on cash and cash equivalents was a decrease of ¥35,577.08, contrasting with an increase of ¥185,400.87 in the previous period[89] - The company has not yet adopted the new leasing standards, and the first quarter report was not audited[90][91]