星帅尔(002860) - 2021 Q1 - 季度财报

Revenue and Profitability - Revenue for Q1 2021 reached ¥343,671,252.81, an increase of 107.06% compared to ¥165,974,488.29 in the same period last year[7] - Net profit attributable to shareholders was ¥49,462,297.75, up 96.20% from ¥25,210,079.82 year-on-year[7] - Revenue from sales increased by 107.06% year-on-year, attributed to sales expansion and the consolidation of Fule New Energy[24] - The company's operating income for Q1 2021 was CNY 138,775,525.05, compared to CNY 77,348,184.72 in the previous period, representing a significant increase[62] - The net profit for Q1 2021 reached CNY 49,680,429.22, up from CNY 25,590,103.32 in the same period last year, indicating a year-over-year growth of approximately 94.3%[60] - The total profit for Q1 2021 was CNY 56,951,117.43, which is a substantial rise from CNY 27,745,376.76 in the prior year[60] - Basic earnings per share for Q1 2021 were CNY 0.2645, compared to CNY 0.2296 in the previous year, reflecting an increase of about 15.5%[60] - The company reported a net profit margin improvement, with undistributed profits reaching CNY 541,475,531.48, up from CNY 492,013,233.73[52] Cash Flow and Liquidity - Net cash flow from operating activities was negative at -¥22,314,327.38, a decrease of 151.26% compared to ¥43,529,335.32 in the previous year[7] - The cash flow from operating activities was CNY 235,750,255.66, slightly up from CNY 232,206,570.54 in the previous period[66] - The total cash and cash equivalents at the end of the period amounted to 190,178,439.05, compared to 455,706,172.73 at the end of the previous period, indicating a significant reduction in liquidity[68] - The company received cash from other investment activities amounting to 414,038,238.37, a substantial increase from 76,269,071.08 in the previous period, indicating aggressive investment strategies[68] - The cash inflow from operating activities was 239,218,570.62, slightly up from 238,718,492.09 in the previous period, suggesting stable operational cash inflows[67] Assets and Liabilities - Total assets increased by 11.23% to ¥1,851,030,583.99 from ¥1,664,179,515.90 at the end of the previous year[7] - Total liabilities increased to CNY 745,849,419.49 from CNY 616,954,176.78 year-over-year[52] - The company's total assets as of March 31, 2021, were CNY 1,402,775,457.60, up from CNY 1,254,362,697.58 at the end of 2020[55] - Owner's equity totaled CNY 1,047,225,339.12, with retained earnings of CNY 492,013,233.73[78] - The total amount of other payables was CNY 17,649,829.61, contributing to the current liabilities[76] Research and Development - Research and development expenses increased by 35.13% year-on-year, reflecting higher investment in R&D and the consolidation of Fule New Energy[27] - The company's research and development expenses for Q1 2021 amounted to CNY 3,272,726.52, compared to CNY 2,210,960.74 in the previous year, showing an increase of approximately 48%[62] Government Support and Subsidies - The company received government subsidies amounting to ¥302,376.71 during the reporting period[8] Financial Performance Metrics - The weighted average return on equity rose to 4.66%, up 1.86% from 2.80% in the previous year[7] - The total profit margin for Q1 2021 was approximately 41% based on the operating income and net profit figures[62] - The total liabilities to equity ratio stands at approximately 0.67, indicating a balanced capital structure[55] Investment Income - Investment income increased by 960.25% compared to the same period last year, mainly due to cash management and interest income recognition[30] - The investment income for Q1 2021 was CNY 93,402,679.42, a significant increase compared to CNY 233,058.18 in the previous period[62] Other Financial Aspects - Credit impairment losses increased by 577% year-on-year, primarily due to an increase in receivables and notes[31] - Income tax expenses rose by 237.34% compared to the previous year, mainly due to an increase in taxable income[33] - The company incurred cash payments to employees totaling 43,866,831.63, which increased from 29,129,231.67 in the previous period, indicating higher labor costs[67] - The cash outflow for taxes paid was 24,018,356.84, significantly higher than 11,136,448.79 in the previous period, reflecting increased tax liabilities[67] Acquisitions - The company acquired 51% of Huangshan Fule New Energy Technology Co., Ltd. for a total price of RMB 30.6 million, completing the acquisition process[34][35] Other Notes - The company has no overdue commitments or violations regarding external guarantees during the reporting period[42] - The company did not report any adjustments for the first quarter of 2021[78] - The first quarter report was not audited[78] - The company has not applied the new leasing standards for retrospective adjustments[78]