小熊电器(002959) - 2021 Q1 - 季度财报

Revenue and Profit - The company's revenue for Q1 2021 was ¥907,202,343.61, representing a 22.66% increase compared to ¥739,588,278.04 in the same period last year[10] - Net profit attributable to shareholders decreased by 12.82% to ¥89,850,584.01 from ¥103,058,780.55 year-on-year[10] - Basic and diluted earnings per share both decreased by 12.81% to ¥0.5760 from ¥0.6606 in the same period last year[10] - Total operating revenue for the first quarter reached ¥907,202,343.61, an increase from ¥739,588,278.04 in the previous period, representing a growth of approximately 22.7%[67] - Net profit for the current period was ¥89,850,584.01, down from ¥103,058,780.55 in the previous period, reflecting a decrease of approximately 13.0%[73] - The company reported a profit before tax of ¥109,157,146.20, compared to ¥128,287,338.74 in the previous period, showing a decline of approximately 14.9%[73] Cash Flow - The net cash flow from operating activities was negative at -¥30,614,168.23, a decline of 116.71% compared to ¥183,211,216.76 in the previous year[10] - Cash inflows from operating activities totaled ¥934.93 million, an increase from ¥796.13 million in the previous period, reflecting a growth of about 17.4%[89] - Cash outflows from operating activities amounted to ¥965.54 million, compared to ¥612.91 million in the previous period, resulting in a net cash flow from operating activities of -¥30.61 million, down from ¥183.21 million[89] - Investment activities generated a net cash flow of ¥196,421,870.59, a 549.54% increase attributed to higher purchases of financial products and structured deposits[26] - The net cash flow from investment activities was ¥196.42 million, compared to ¥30.24 million in the previous period, indicating a substantial increase of about 549.5%[89] - The net cash flow from financing activities was -¥7.76 million, a decrease from ¥2.88 million in the previous period, reflecting a decline of approximately 369.5%[92] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,623,973,053.98, down 1.84% from ¥3,691,795,779.24 at the end of the previous year[10] - The total assets of the company as of March 31, 2021, amounted to ¥3,565,152,827.07, compared to ¥3,477,180,409.53 at the end of 2020, indicating an increase of about 2.5%[62] - The total liabilities decreased from ¥1,629,572,448.71 to ¥1,624,502,028.72, reflecting a slight reduction of approximately 0.3%[65] - The total current liabilities decreased from ¥1,626,971,774.65 to ¥1,622,522,332.01, reflecting a decrease of approximately 0.3%[64] - The expected liabilities decreased from ¥2,600,674.06 to ¥1,979,696.71, indicating a reduction of approximately 23.7%[65] Shareholder Information - The top shareholder, Foshan Zhaofeng Investment Co., Ltd., holds 44.42% of the shares, with the top ten shareholders collectively holding significant stakes[15] - The company did not engage in any repurchase transactions among the top ten shareholders during the reporting period[19] Expenses - The company reported non-operating income and expenses totaling ¥6,388,108.44 after tax adjustments[10] - Research and development expenses increased by 55.87% to ¥30,239,652.99 driven by higher personnel costs and new product development investments[23] - Sales expenses increased by 52.26% to ¥128,073,960.18 due to higher promotional and brand advertising expenditures compared to the previous year[23] - The company reported a significant decrease of 86.95% in other income to ¥364,097.73 due to reduced government subsidies received[23] - The company experienced a 39.63% decrease in financial expenses to -¥3,360,474.45 primarily due to reduced interest income[23] Current Assets and Management - As of March 31, 2021, the company's total current assets were RMB 2.85 billion, a decrease from RMB 2.95 billion at the end of 2020[49] - The company's cash and cash equivalents increased to RMB 1.09 billion from RMB 973.64 million at the end of 2020[49] - The company's cash management plan allows for the use of up to RMB 600 million of idle raised funds for safe and liquid bank wealth management products[36] - The company reported a total of RMB 50.3 million in entrusted wealth management, with an outstanding balance of RMB 97.4 million[41] - There were no violations regarding the management and disclosure of raised funds during the reporting period[36] Project Revenue - The revenue from the first phase of the creative small home appliance project in Daliang reached RMB 91.63 million, with a gross profit of RMB 25.48 million[36] - The revenue from the first phase of the creative small home appliance project in Jun'an was RMB 144.34 million, with a gross profit of RMB 46.59 million[36] Financial Performance - The company recorded investment income of ¥8,365,729.59, up from ¥4,551,299.16, representing an increase of about 83.5%[76] - Tax expenses for the current period were ¥19,306,562.19, down from ¥25,228,558.19, indicating a decrease of approximately 23.5%[73] - The total comprehensive income for the period was approximately ¥93.04 million, compared to ¥61.66 million in the previous period, representing an increase of about 50.5%[83] - Basic and diluted earnings per share for the current period were both ¥0.5964, up from ¥0.3953 in the same period last year, indicating a growth of approximately 50.8%[83] Audit Information - The company did not undergo an audit for the first quarter report, as indicated in the financial statement adjustments[99]