CWPC(SZ:002630)2021-04-28 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥436,003,608.88, a decrease of 42.36% compared to ¥756,421,955.02 in the same period last year[8] - The net profit attributable to shareholders was -¥54,049,171.99, representing an increase in loss of 193.76% from -¥18,399,219.10 year-on-year[8] - The company reported a significant decrease in operating costs by 36.53% to ¥405,115,891.89, down from ¥638,281,350.99 year-on-year[19] - In Q1 2021, the company reported sales revenue of approximately ¥515.48 million, a year-on-year increase of 43.67% compared to ¥358.80 million in Q1 2020[21] - The company reported a net loss for Q1 2021 of CNY 55,091,469.71, worsening from a net loss of CNY 21,503,400.40 in the same period last year[46] - The total comprehensive income for the current period was -¥54,675,988.48, compared to -¥21,081,815.24 in the previous period[50] Cash Flow and Investments - The net cash flow from operating activities increased by 131.04% to ¥45,695,344.82, compared to ¥19,778,064.29 in the previous year[8] - Cash paid for purchasing goods and services increased by 37.82% to ¥416.71 million from ¥302.35 million in the same period last year[21] - The company received cash from investment recoveries amounting to ¥43.38 million, representing an 87.39% increase from ¥23.15 million in Q1 2020[21] - Cash paid for fixed assets and other long-term assets rose by 47.78% to ¥225.15 million, up from ¥152.35 million in the previous year[21] - The company reported a net cash outflow from investing activities of -¥181,438,939.36, compared to -¥128,393,878.26 in the previous period[53] - Cash inflow from financing activities was ¥50,000,000.00, a decrease from ¥1,525,000,000.00 in the previous period, indicating reduced borrowing[57] Assets and Liabilities - The total assets at the end of the reporting period were ¥12,255,410,840.80, a decrease of 1.32% from ¥12,419,837,727.04 at the end of the previous year[8] - The company's total liabilities as of March 31, 2021, were approximately 9.65 billion yuan, down from approximately 9.75 billion yuan at the end of 2020[38] - The company's equity attributable to shareholders decreased from approximately 2.48 billion yuan at the end of 2020 to approximately 2.43 billion yuan by March 31, 2021[39] - Total current assets decreased to CNY 4,117,945,430.78 from CNY 4,385,826,173.03[40] - The total assets decreased to CNY 8,616,223,959.67 from CNY 8,800,128,488.57, reflecting a contraction in the asset base[41] Research and Development - Research and development expenses rose by 122.47% to ¥13,422,404.66, up from ¥6,033,430.54 in the same period last year[19] - The company incurred research and development expenses of ¥12,008,840.69, up from ¥4,835,833.38 in the previous period, indicating a focus on innovation[49] Shareholder Information - The company had a total of 79,553 common shareholders at the end of the reporting period[11] - The company did not engage in any repurchase transactions during the reporting period[12] Legal and Contractual Matters - The company is currently involved in ongoing litigation related to product defects and contractual disputes, which may impact future operations[22] - The total amount of significant contracts includes a contract with Xinjiang Qiya Aluminum Electric Co., amounting to 1.02 billion yuan, with partial production completed but currently paused[27] - The company reported no significant differences in contract progress that would affect contract amounts by more than 30%[28] Compliance and Governance - The company has no entrusted financial management activities during the reporting period[29] - There were no violations regarding external guarantees during the reporting period[30] - The first quarter report was not audited, which may affect the reliability of the financial data presented[59]