亿纬锂能(300014) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 reached ¥2,957,502,885.88, representing a 125.98% increase compared to ¥1,308,721,332.76 in the same period last year[3] - Net profit attributable to shareholders was ¥646,839,235.60, up 156.22% from ¥252,459,523.53 year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥614,498,444.98, reflecting a 188.45% increase from ¥213,036,628.39 in the previous year[3] - Basic earnings per share increased to ¥0.34, a rise of 142.86% compared to ¥0.14 in the same period last year[3] - Operating profit for Q1 2021 was ¥812,384,603.53, up from ¥266,600,016.83 in Q1 2020, reflecting a growth of approximately 204.5%[41] - Net profit for Q1 2021 was ¥724,222,683.91, compared to ¥257,112,237.43 in Q1 2020, marking an increase of around 182.1%[41] Assets and Liabilities - Total assets at the end of the reporting period were ¥29,061,079,005.24, marking a 13.08% increase from ¥25,700,202,987.26 at the end of the previous year[3] - The company's total liabilities reached approximately ¥11.61 billion, compared to ¥9.03 billion at the end of 2020, representing an increase of about 28.5%[35] - The long-term borrowings increased to approximately ¥1.65 billion from ¥1.11 billion, reflecting a growth of about 49.4%[35] - The company's total assets amounted to approximately ¥14,391,272,160.43, compared to ¥13,723,117,085.27 at the end of 2020, an increase of about 4.9%[39] - Total liabilities increased to ¥6,122,473,736.68 from ¥5,357,286,805.18, representing a growth of approximately 14.3%[39] Cash Flow - The company reported a net cash flow from operating activities of -¥342,518,995.60, a decrease of 182.44% compared to ¥415,454,136.77 in the same period last year[3] - Cash inflow from operating activities was CNY 2,244,019,419.13, compared to CNY 1,546,538,154.26 in the previous period, showing improved cash generation[46] - The net cash flow from financing activities was 930,093,694.64 CNY, compared to -438,940,028.40 CNY in the previous period, indicating a positive shift[48] - The ending balance of cash and cash equivalents was 2,646,684,107.09 CNY, down from 3,425,967,664.50 CNY at the beginning of the period[48] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 107,540[6] - The company reported a significant change in the number of restricted shares, with a total of 111,848,255 shares at the beginning of the period, decreasing to 108,244,794 shares by the end of the period, reflecting a reduction of 3,627,172 shares[9] - Liu Jincheng, a major shareholder, had 36,186,194 restricted shares at the beginning of the period, with 1,941,619 shares released, resulting in 34,244,575 restricted shares remaining[8] - The company did not engage in any repurchase transactions during the reporting period, maintaining a stable share structure[8] Investments and Projects - The company plans to invest up to RMB 1 billion in the passenger vehicle lithium-ion battery project (Phase I) and RMB 2.6 billion in the xHEV battery system project (Phase I)[22] - The company signed a strategic cooperation framework agreement with StoreDot Ltd. for the mass production of "ultra-fast rechargeable batteries," with the agreement extended until March 31, 2021[18] - The company completed the acquisition of a 10.11% equity stake in its subsidiary, Hubei Yiwei Power Co., Ltd., reducing registered capital by RMB 28.125 million, making it a wholly-owned subsidiary[19] - The company approved an investment of up to RMB 3.9 billion for the construction of the second phase of the lithium-ion battery project for passenger vehicles[23] Research and Development - Research and development expenses amounted to CNY 213,265,103.94, a rise of 74.93% due to increased material consumption[13] - Research and development expenses increased to CNY 91,136,445.67 from CNY 82,747,102.31, highlighting the company's commitment to innovation[44] Market and Sales Performance - Sales of power batteries increased by 302.21%, driven by stable orders for soft-pack ternary batteries used in passenger vehicles[16] - Total operating costs for Q1 2021 were ¥2,525,794,357.63, compared to ¥1,171,226,302.34 in Q1 2020, indicating an increase of about 115.5%[41] Miscellaneous - The company received government subsidies amounting to ¥51,984,052.19 during the reporting period[4] - The report indicates that Liu Jincheng and Luo Jinhong, both major shareholders, are married and collectively hold 50% of the shares in the largest shareholder, Tibet Yiwei Holdings Co., Ltd.[7] - The company received patent certificates from the Korean Intellectual Property Office and the Japan Patent Office for a new lithium battery sealing structure, enhancing the safety and sealing of its "bean-shaped battery"[23] - The first quarter report was not audited, indicating that the figures may be subject to change upon final review[51]