东方日升(300118) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was ¥3,854,394,986.21, representing an increase of 11.44% compared to ¥3,458,788,593.94 in the same period last year[3]. - Net profit attributable to shareholders decreased by 68.28% to ¥55,901,023.42 from ¥176,233,228.88 year-on-year[3]. - The net profit after deducting non-recurring gains and losses was ¥65,450,362.51, down 53.47% from ¥140,648,712.83 in the previous year[3]. - Basic and diluted earnings per share fell by 70.00% to ¥0.06 from ¥0.20 year-on-year[3]. - The company reported a net profit of CNY 2,414,427,590.90, an increase from CNY 2,358,526,567.48, representing a growth of about 2.36%[25]. - The net profit for Q1 2021 was CNY 75,735,705.95, a decrease of 57.53% from CNY 178,354,912.50 in Q1 2020[31]. - The total comprehensive income attributable to the parent company is CNY 56,867,198.18, compared to CNY 105,531,002.87 in the previous period[32]. Cash Flow and Liquidity - Operating cash flow increased significantly by 83.93% to ¥231,129,187.56 compared to ¥125,658,397.20 in the same period last year[3]. - The cash flow from operating activities for the current period is CNY 231,129,187.56, an increase from CNY 125,658,397.20 in the previous period[37]. - Cash inflow from sales of goods and services reached ¥2,775,541,176.23, an increase from ¥2,223,897,963.79 in the same period last year[39]. - The company's cash flow from operating activities increased by approximately 26.4% compared to the previous year[39]. - Total cash and cash equivalents at the end of the period amounted to ¥2,213,529,101.84, up from ¥1,616,593,012.02 in the previous year[38]. Assets and Liabilities - Total assets at the end of the reporting period were ¥29,875,390,402.53, a 3.29% increase from ¥28,922,830,321.96 at the end of the previous year[3]. - Total liabilities increased to CNY 19,856,786,482.52 from CNY 18,983,069,567.60, reflecting a growth of approximately 4.59%[25]. - Long-term borrowings decreased to CNY 1,548,474,258.80 from CNY 1,715,991,806.77, indicating a reduction of approximately 9.75%[24]. - Current liabilities totaled CNY 14,900,688,935.06, with accounts payable at CNY 4,195,420,629.92 and notes payable at CNY 4,840,020,281.22[43]. Inventory and Prepayments - Prepayments increased by 35.94% compared to the end of the previous year, mainly due to increased payments for raw materials for photovoltaic cells and modules[10]. - Inventory grew by 49.78% compared to the end of the previous year, attributed to increased stockpiling of raw materials and goods in transit overseas[10]. Research and Development - Research and development projects included advancements in N-type battery technologies and high-efficiency perovskite tandem cells[12]. - The company is focused on the mass production of its research outcomes in solar technology and related products[14]. - Research and development expenses for Q1 2021 amounted to CNY 161,367,456.73, a decrease from CNY 185,776,556.35 in Q1 2020[30]. Shareholder Information - The top shareholder, Lin Haifeng, holds 29.19% of the shares, totaling 263,147,261 shares[6]. - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[7]. Government Support - The company received government subsidies amounting to ¥85,029,342.72 during the reporting period[4]. Operational Changes - The company has experienced changes in its top five suppliers and customers, but these changes are not expected to impact normal operations[15]. - The company has implemented strict adherence to its annual operational plan during the reporting period[15]. Financing Activities - The net cash flow from financing activities was -¥393,550,285.42, a decline from a positive cash flow of ¥507,978,841.87 in the previous period[38]. - The company reported a financial expense of CNY 132,982,665.47, significantly higher than CNY 30,726,146.61 in the same period last year[30].