浙江世宝(002703) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥293,620,056.63, representing a 51.80% increase compared to ¥193,425,679.92 in the same period last year[9]. - Net profit attributable to shareholders was ¥20,318,879.58, a significant turnaround from a loss of ¥2,654,630.93, marking an increase of 865.41%[9]. - The net profit after deducting non-recurring gains and losses was ¥7,719,891.50, compared to a loss of ¥6,643,788.68, reflecting a 216.20% improvement[9]. - The basic earnings per share (EPS) was ¥0.0257, a substantial increase from a loss of ¥0.0034 per share in the previous year, representing an increase of 855.88%[9]. - Operating profit for Q1 2021 was ¥20,697,946.93, compared to a loss of ¥4,486,166.50 in Q1 2020, indicating a turnaround in profitability[66]. - Net profit for Q1 2021 was ¥19,518,183.73, a substantial improvement from a net loss of ¥4,255,813.74 in the previous year[66]. Cash Flow - The net cash flow from operating activities was ¥23,714,285.28, up 6.83% from ¥22,198,458.81 in the same period last year[9]. - Cash flow from operating activities showed improvement, contributing positively to the company's liquidity position[73]. - Total cash inflow from operating activities was ¥199,396,620.14, compared to ¥146,135,518.50, marking an increase of 36.4%[75]. - Cash inflow from investment activities totaled ¥64,997,273.59, down from ¥99,585,246.23, indicating a decrease of 34.8%[75]. - The net cash flow from investment activities was -¥13,302,930.49, a significant decline from ¥46,430,571.40 in the prior period[75]. - Cash inflow from financing activities was ¥15,000,000.00, a decrease of 84.5% compared to ¥97,000,000.00 in the previous period[75]. - The net cash flow from financing activities was -¥1,188,419.27, compared to a positive flow of ¥5,541,042.20 last year[75]. - The ending cash and cash equivalents balance was ¥154,063,124.67, down from ¥191,556,358.53, reflecting a decrease of 19.6%[75]. - The company reported a net increase in cash and cash equivalents of ¥9,012,906.18, a significant drop from ¥74,442,876.74 in the previous period[75]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,962,033,741.72, a slight decrease of 0.72% from ¥1,976,246,329.85 at the end of the previous year[9]. - The total liabilities decreased to CNY 613,276,362.06 from CNY 647,007,133.92, indicating a reduction of about 5.2%[53]. - The company's total liabilities decreased to ¥174,005,922.28 as of March 31, 2021, down from ¥174,970,488.14 at the end of 2020[60]. - The company's current assets increased to CNY 1,003,598,072.40 from CNY 980,352,009.67, reflecting a growth of approximately 2.5%[50]. - The company's total equity increased to CNY 1,348,757,379.66 from CNY 1,329,239,195.93, reflecting a growth of about 1.5%[53]. - The total equity increased to ¥1,090,088,869.69 as of March 31, 2021, compared to ¥1,086,516,614.36 at the end of 2020, reflecting a growth of approximately 0.2%[60]. Expenses and Investments - Research and development expenses amounted to RMB 18,243,270.89, a year-on-year increase of 31.76%, representing 6.21% of operating revenue, a decrease from the previous year[23]. - Sales expenses rose to RMB 19,659,768.20, a year-on-year increase of 57.10% due to higher transportation and warranty costs[23]. - Investment income decreased by 57.19% to RMB 90,779.27, primarily due to reduced investment in short-term financial products[24]. - The company reported a credit impairment loss of RMB 1,518,784.21, compared to a gain in the same period last year, indicating a significant change in receivables management[24]. Shareholder Information - The top shareholder, Zhejiang Shibao Holding Group Co., Ltd., holds 43.28% of the shares, with a total of 341,786,098 shares[13]. - The company has committed to not transferring or entrusting its shares for 36 months post-IPO, with a limit of 25% transfer per year thereafter[34]. - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[44]. - The company has no securities or derivative investments during the reporting period[39][40]. Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[66]. - The overall financial health of the company appears to be strengthening, with a focus on reducing liabilities and increasing profitability[66].