GDM(SZ:002636)2021-04-29 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥1,339,212,907.79, representing a 119.14% increase compared to ¥611,113,735.97 in the same period last year[7]. - Net profit attributable to shareholders was ¥258,053,337.95, a significant increase of 657.80% from ¥34,052,958.44 in the previous year[7]. - The net profit after deducting non-recurring gains and losses reached ¥242,487,116.53, up 896.32% from ¥24,338,233.81 year-on-year[7]. - Basic and diluted earnings per share were both ¥0.354, reflecting a 653.19% increase compared to ¥0.047 in the same period last year[7]. - The weighted average return on equity was 8.67%, an increase of 7.40% from 1.27% in the previous year[7]. - The company's gross profit margin improved, with operating profit soaring by 646.58% to ¥298,463,442.06, attributed to increased sales volume and pricing of copper-clad laminates[22]. - The company reported a net profit margin improvement, with net profit for the first quarter of 2021 reflecting a positive trend compared to the previous year, although specific figures were not disclosed[54]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,927,179,738.57, up 11.29% from ¥5,326,075,118.56 at the end of the previous year[7]. - Net assets attributable to shareholders increased to ¥3,105,464,152.67, a rise of 9.08% from ¥2,847,037,271.13 at the end of the previous year[7]. - The total liabilities of the company reached approximately ¥2.75 billion, compared to ¥2.41 billion in the previous year, representing an increase of around 14.3%[43]. - The total liabilities decreased by 45.18% for employee compensation to ¥15,318,374.34, due to the payment of employee salaries during the period[22]. - The company's total liabilities as of March 31, 2021, were ¥431,478,742.34, significantly higher than ¥94,660,534.23 at the end of 2020, indicating an increase of about 354.5%[50]. Cash Flow - The company reported a net cash flow from operating activities of ¥138,031,919.61, which is a slight increase of 0.06% compared to ¥137,942,267.08 in the same period last year[7]. - The net cash flow from investment activities turned positive at ¥137,456,366.59, a significant recovery from a negative cash flow of ¥104,009,481.43 in the previous period[22]. - Cash inflow from investment activities totaled 822,718,917.92 CNY, significantly higher than 423,257,829.06 CNY in the previous period, reflecting increased investment recovery[66]. - The cash flow from operating activities outflow totaled 989,232,388.30 CNY, compared to 817,419,159.27 CNY in the previous period, reflecting increased operational expenses[66]. Shareholder Information - The top ten shareholders held a combined 70.92% of the company's shares, with Shanghai Donglin Investment Development Co., Ltd. being the largest shareholder at 39.83%[11]. - The company's equity attributable to shareholders was approximately ¥3.11 billion, up from ¥2.85 billion, marking an increase of about 9.1%[45]. Research and Development - Research and development expenses rose by 81.54% to ¥53,697,775.54, reflecting increased investment in R&D activities[22]. - The company is focusing on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[54]. Inventory and Contract Liabilities - Inventory levels increased by 43.07% to ¥395,192,097.97, mainly due to higher raw material stockpiling[22]. - The company reported a 49.31% increase in contract liabilities to ¥78,124,448.63, indicating a rise in advance payments received from customers[22]. Financial Integrity - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period, ensuring financial integrity[34]. - The company has no overdue amounts in its entrusted financial management activities, indicating a stable financial management strategy[31]. - The company did not engage in any derivative investments during the reporting period[29]. Market and Operational Stability - The company has not reported any significant contracts or major operational changes during the reporting period, indicating stability in operations[35]. - There were no indications of expected impairment in entrusted financial management, reflecting a positive outlook on financial investments[31].