和顺电气(300141) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥75,584,017.47, representing a 20.49% increase compared to ¥62,728,041.29 in the same period last year[7]. - The net profit attributable to shareholders was ¥1,666,194.82, a significant recovery from a loss of ¥6,177,527.07 in the previous year, marking a 26.97% improvement[7]. - The basic earnings per share increased by 133.00% to ¥0.0066 from a loss of ¥0.02 per share in the same period last year[7]. - The company's operating profit reached 2.153 million yuan, a significant improvement from a loss of 6.207 million yuan in the same period last year, marking a 134.69% increase[17]. - Net profit for Q1 2021 was CNY 1,633,895.42, a significant recovery from a net loss of CNY 6,211,291.56 in the previous period[41]. - The total comprehensive income for the period was CNY 3,415,016.61, recovering from a loss of CNY 8,006,645.60 in the same quarter last year[46]. Cash Flow - The net cash flow from operating activities was negative at -¥20,169,396.18, a decline of 455.86% compared to a positive cash flow of ¥5,667,758.97 in the previous year[7]. - Cash flow from operating activities showed a net outflow of -20.169 million yuan, a decline of 455.86% compared to the previous year, mainly due to poor collection of accounts receivable[18]. - The company reported a decrease in cash inflow from operating activities, totaling CNY 82,060,868.23, compared to CNY 142,081,051.06 in the previous year[49]. - The cash flow from investing activities was negative CNY 1,085,265.71, a decrease from a positive cash flow of CNY 16,373,605.15 in the previous year[49]. - The cash flow from financing activities resulted in a net outflow of -11,433,027.78 CNY, with total inflows of 10,000,000.00 CNY and outflows of 21,433,027.78 CNY[53]. Assets and Liabilities - Total assets at the end of the reporting period were ¥969,866,085.39, down 3.45% from ¥1,004,499,411.76 at the end of the previous year[7]. - The company's current assets totaled CNY 662,529,659.07, down from CNY 692,537,997.95, indicating a decrease of about 4.3%[30]. - The company's total liabilities were CNY 288,728,855.24, down from CNY 325,573,824.64, indicating a reduction of approximately 11.3%[33]. - Total liabilities decreased to CNY 265,142,828.89 from CNY 299,006,171.94 in the previous period[37]. Shareholder Information - The company reported a total of 22,872 common shareholders at the end of the reporting period[10]. - The largest shareholder, Yao Jianhua, holds 34.80% of the shares, totaling 88,342,459 shares[10]. - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[11]. Operational Highlights - The company plans to strengthen management and internal controls while advancing R&D, production, market expansion, and external investments in 2021[20]. - The company reported no significant adverse risk factors or operational difficulties during the reporting period[22]. - There were no overdue commitments from major shareholders or related parties during the reporting period[25]. - The company did not engage in any share buybacks or significant investment activities during the reporting period[23]. Cost and Expenses - Total operating costs for Q1 2021 were CNY 76,216,371.67, up from CNY 69,541,477.85 in the previous period[40]. - The company reduced financial expenses by 63.43%, from 2.830 million yuan to 1.035 million yuan, by decreasing loan interest[17]. - Research and development expenses for Q1 2021 were CNY 3,801,255.50, slightly down from CNY 3,931,746.32 in the previous period[40]. - The company experienced a significant increase in credit impairment provisions, rising by 265.19% to 2.411 million yuan, reflecting increased bad debt provisions for accounts receivable[17]. Inventory and Receivables - Accounts payable increased by 286.08% from 3.986 million yuan to 15.390 million yuan, primarily due to payments for purchases in the form of bank acceptance bills[17]. - Inventory decreased to CNY 52,617,676.17 from CNY 58,386,868.27, representing a decline of approximately 9.8%[30]. - Accounts receivable increased to CNY 384,930,075.61 from CNY 374,199,373.31, showing a growth of about 2%[30]. Audit and Reporting - The first quarter report was not audited, indicating that the figures presented are unaudited[56].