苏常柴B(200570) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥774,218,489.69, representing a 43.87% increase compared to ¥537,033,349.19 in the same period last year[8] - Net profit attributable to shareholders for Q1 2021 reached ¥24,571,254.83, a significant increase of 1,649.72% from ¥1,510,305.60 in Q1 2020[8] - The net profit after deducting non-recurring gains and losses was ¥23,604,960.00, up 1,969.31% from ¥1,271,708.92 in the previous year[8] - The basic earnings per share for Q1 2021 was ¥0.0438, reflecting a 1,652.00% increase from ¥0.0027 in Q1 2020[8] - Total operating revenue for Q1 2021 was CNY 774,218,489.69, an increase of 43.8% compared to CNY 538,139,070.21 in Q1 2020[42] - Net profit attributable to shareholders for Q1 2021 was CNY 700,725,008.16, compared to CNY 677,800,436.75 in Q1 2020, showing a growth of 3.4%[40] - The net profit for Q1 2021 reached CNY 24,661,100.37, compared to CNY 1,411,153.29 in Q1 2020, representing a significant increase of 1,646.5%[44] - The total comprehensive income for Q1 2021 was CNY 152,836,000.37, compared to a loss of CNY 39,575,846.71 in Q1 2020[44] - The operating profit for Q1 2021 was CNY 29,422,499.79, compared to CNY 2,657,096.04 in Q1 2020, marking an increase of 1,008.5%[44] - The total profit for Q1 2021 was CNY 29,479,344.38, up from CNY 2,419,521.34 in the same period last year, reflecting an increase of 1,116.5%[44] Assets and Liabilities - Total assets at the end of Q1 2021 were ¥4,133,968,635.47, an increase of 4.58% from ¥3,952,954,464.45 at the end of the previous year[8] - The net assets attributable to shareholders increased by 6.72% to ¥2,426,095,501.85 from ¥2,273,349,347.02 at the end of the previous year[8] - Total assets as of March 31, 2021, amounted to CNY 3,930,748,858.46, an increase from CNY 3,732,798,948.61 at the end of 2020[39] - Total liabilities as of March 31, 2021, were CNY 1,587,656,200.67, compared to CNY 1,540,805,762.23 at the end of 2020, indicating a rise of 3.0%[40] - Current assets decreased to CNY 2,385,083,180.99 from CNY 2,419,073,056.21, a decline of about 1.41%[32] - Non-current assets totaled CNY 1,748,885,454.48, up from CNY 1,533,881,408.24, marking an increase of about 14.01%[33] Cash Flow - The net cash flow from operating activities for Q1 2021 was -¥184,484,392.45, compared to a positive cash flow of ¥19,241,295.96 in the same period last year[8] - Cash flow from operating activities decreased by 203,474,326.11 yuan compared to the same period last year, mainly due to increased accounts receivable and rising procurement costs[18] - The company reported a cash flow from operating activities of CNY -184,484,392.45 for Q1 2021, a decrease from CNY 18,989,933.66 in the same period last year[51] - Operating cash inflow for the first quarter was CNY 459,339,887.24, an increase of 26.7% compared to CNY 362,432,798.44 in the previous year[55] - Operating cash outflow increased significantly to CNY 641,555,404.68, up from CNY 340,248,855.79, resulting in a net cash flow from operating activities of CNY -182,215,517.44[55] - Investment activities generated a net cash outflow of CNY -88,164,988.36, compared to CNY -21,610,432.63 in the same period last year[55] - Financing activities produced a net cash inflow of CNY 1,336,624.99, a recovery from a net outflow of CNY -54,875.67 in the previous year[56] - The total cash and cash equivalents at the end of the period decreased to CNY 290,529,451.00 from CNY 498,295,739.16 year-over-year[56] - The company reported a significant decrease in cash and cash equivalents, with a net decrease of CNY -269,043,880.81 compared to an increase of CNY 518,634.35 in the previous year[56] Shareholder Information - The company reported a total of 57,470 common shareholders at the end of the reporting period[13] - The company plans to continue its non-public offering of shares, which has received approval from the controlling shareholder and regulatory authorities[20] - The company has not engaged in any repurchase transactions during the reporting period[18] - There are no significant non-operating fund occupations by controlling shareholders or related parties during the reporting period[27] Research and Development - The company reported R&D expenses of CNY 19,118,309.57 for Q1 2021, up from CNY 15,470,032.84 in Q1 2020, reflecting a 23.5% increase[42] - Research and development expenses for Q1 2021 amounted to CNY 18,500,648.53, an increase from CNY 15,078,747.40 in Q1 2020[47] Operational Activities - Accounts receivable increased by 381,338,419.54 yuan, up 96.02%, primarily due to the company's market expansion strategy and longer payment terms with major clients[18] - Construction in progress increased by 56,104,226.82 yuan, up 84.36%, due to higher investment in the subsidiary Jiangsu Changchai Machinery[18] - Other current assets decreased by 8,672,474.35 yuan, down 31.77%, mainly due to a reduction in VAT receivables[18] - Employee compensation payable decreased by 21,068,831.24 yuan, down 42.03%, as prior period wages and bonuses were partially paid[18] - The company is actively expanding its lithium battery separator project, with ongoing discussions about customer engagement and operational profitability[29] - The company is focusing on its new energy sector layout, indicating strategic investments and partnerships in this area[29] - The company has been responding to national rural revitalization measures, showcasing its commitment to social responsibility and market expansion[29] Accounting Adjustments - The company did not classify any non-recurring gains or losses as regular gains or losses during the reporting period[12] - The company has made adjustments to previous accounting errors, which were approved by the board on July 29, 2020[8]