kxjd(SZ:300092)2021-04-22 16:00Financial Performance - The company's operating revenue for Q1 2021 was CNY 292,783,582.94, representing a 99.78% increase compared to CNY 146,549,813.31 in the same period last year[8]. - Net profit attributable to shareholders was CNY 30,333,053.79, up 49.16% from CNY 20,336,001.87 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was CNY 29,848,447.32, reflecting a 48.07% increase from CNY 20,158,429.41 in the previous year[8]. - Basic and diluted earnings per share increased by 49.20% to CNY 0.1310 from CNY 0.0878[8]. - The weighted average return on equity rose to 4.52%, an increase of 1.13 percentage points from 3.39%[8]. - The company reported a gross profit increase of 63.19 million yuan due to a substantial rise in completed product delivery volume[29]. - The total profit for the current period was ¥34,219,954.33, compared to ¥22,040,505.88 in the previous period, which is an increase of approximately 55.2%[57]. - The total comprehensive income for the current period was ¥30,157,369.05, compared to ¥20,034,236.69 in the previous period, reflecting an increase of about 50.9%[58]. Cash Flow - The net cash flow from operating activities improved to -CNY 11,179,313.46, a 68.78% reduction in losses compared to -CNY 35,802,492.90 in the same period last year[8]. - The cash inflow from operating activities was CNY 162,737,989.86, compared to CNY 110,550,905.03 in the previous period, representing an increase of approximately 47.2%[64]. - The cash outflow from investing activities totaled CNY 104,912,446.07, down from CNY 194,308,756.00 in the previous period, indicating a decrease of approximately 46.0%[66]. - The net cash flow from investing activities was CNY -12,807,222.80, compared to CNY 25,953,543.03 in the previous period[65]. - The cash inflow from financing activities was CNY 16,942,641.61, an increase from CNY 11,160,479.91 in the previous period, representing a growth of approximately 51.0%[66]. - The total cash outflow from operating activities was CNY 173,917,303.32, compared to CNY 146,353,397.93 in the previous period, reflecting an increase of approximately 18.9%[65]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,130,893,971.24, down 4.48% from CNY 1,183,934,520.81 at the end of the previous year[8]. - The company's total liabilities decreased by 50.88% for employee compensation, reflecting the payment of last year's bonuses[20]. - The company's equity attributable to shareholders increased from ¥656,178,383.64 to ¥686,879,692.53, reflecting an increase of about 4.7%[50]. - Current assets totaled ¥908,589,366.55, down from ¥962,127,697.96, indicating a decrease of about 5.5%[47]. - The company's long-term investments increased from ¥50,813,700.00 to ¥56,913,700.00, representing an increase of about 12%[52]. Inventory and Contract Assets - The company's inventory decreased by ¥116,522,949.89, a reduction of 32.80%, as products were delivered and recognized as revenue[20]. - The balance of contract assets increased by ¥75,445,177.69, a 39.22% rise, reflecting higher uncollected receivables from sales orders[20]. - Contract assets rose from ¥192,361,108.97 to ¥267,806,286.66, marking an increase of approximately 39.2%[48]. Research and Development - Research and development expenses decreased by ¥2,528,917.74, a decline of 41.65%, due to lower initial costs for new projects[23]. - The company is actively investing in R&D across various sectors, including nuclear equipment and gas desulfurization technology, to maintain its competitive edge[32]. - Significant ongoing R&D projects include the development of a high-efficiency fluidized bed and a new type of nuclear fuel transport container[32]. Market and Competition Risks - The company faces market competition risks, particularly if downstream investment fluctuates due to political and economic changes, which could affect demand and market share[34]. - To mitigate risks, the company plans to enhance marketing efforts, focus on high-value orders, and invest in new product and technology development[35]. Customer Base and Orders - The company maintains a stable customer base among the top five clients over the years, indicating no significant impact on future operations despite changes in rankings[33]. - The company reported a strong order backlog, with a positive outlook for the next two years due to increased investments in downstream industries such as petrochemicals and nuclear power[34]. - The company had a total of 789.33 million yuan in contracts over 10 million yuan, with 298 million yuan already realized in sales during the year[30]. Risk Management - The company is experiencing an increase in accounts receivable, which raises the risk of bad debt losses; however, it primarily deals with reputable clients[36]. - The company aims to improve cash flow management and strengthen credit control to reduce accounts receivable risks[36]. - The company acknowledges management risks associated with its expanding operations and plans to adapt its management strategies accordingly[37]. - The company is monitoring raw material price fluctuations, particularly for steel, which could impact production costs and overall profitability[38]. Government Support - The company received government subsidies amounting to CNY 337,392.93 during the reporting period[9].