富瑞特装(300228) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥401,258,023.43, representing a 9.15% increase compared to ¥367,630,251.73 in the same period last year[8] - Net profit attributable to shareholders for Q1 2021 was ¥10,008,986.99, a significant increase of 151.11% from ¥3,985,960.60 in the previous year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥8,072,047.92, up 199.95% from ¥2,691,167.33 year-on-year[8] - Basic earnings per share for Q1 2021 were ¥0.0174, reflecting a 107.14% increase from ¥0.0084 in the previous year[8] - The total operating revenue for Q1 2021 was CNY 401,258,023.43, an increase from CNY 367,630,251.73 in the previous period[58] - The net profit for Q1 2021 was CNY 10,078,491.77, compared to a net profit of CNY 3,445,231.31 in the previous year, indicating a significant increase[60] - The total profit for the quarter was CNY 15,027,954.31, up from CNY 3,375,984.25 in Q1 2020, reflecting a strong performance[60] - The total comprehensive income for Q1 2021 was CNY 9,903,816.44, compared to CNY 2,827,423.29 in the same period last year, marking a substantial improvement[61] Cash Flow and Liquidity - The net cash flow from operating activities improved to ¥56,578,471.13, a turnaround from a negative cash flow of -¥69,135,661.13 in the same period last year, marking an increase of 181.84%[8] - Cash and cash equivalents increased by 47.80% to CNY 928.36 million due to funds raised from a specific stock issuance[21] - The company reported a total cash and cash equivalents balance of ¥719,057,843.57 at the end of Q1 2021, up from ¥124,933,220.75 at the end of Q1 2020[69] - Total cash inflow from financing activities reached ¥654,259,599.21, compared to ¥204,619,713.07 in the previous year, indicating a strong increase in financing[69] - The net cash flow from financing activities was ¥425,335,389.78, a turnaround from a net outflow of ¥49,639,356.44 in the same period last year[69] - The cash inflow from operating activities totaled ¥86,269,950.01, down from ¥134,202,376.94 in the previous year, indicating a decline in operational cash generation[70] - The company’s cash outflow for operating activities was ¥109,566,636.63, compared to ¥170,666,626.20 in the previous year, reflecting improved cost management[70] Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,922,146,687.02, a 10.80% increase from ¥3,539,878,042.36 at the end of the previous year[8] - The total liabilities decreased to CNY 748,359,133.33 from CNY 746,385,943.87, showing a slight improvement in the liability structure[56] - The equity attributable to shareholders increased to CNY 1,902,302,559.95 from CNY 1,454,689,186.15, reflecting strong growth in shareholder value[56] Investment and R&D - Research and development expenses rose by 81.78% to CNY 14.00 million, indicating increased investment in R&D[22] - The company has committed to invest CNY 16,562 million in the new LNG intelligent tank and small movable liquefaction device industrialization project, with 0% progress reported[40] - The hydrogen fuel cell vehicle liquid hydrogen supply system project has a committed investment of CNY 6,199.36 million, also showing 0% progress[41] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 36,269[12] - The top shareholder, Huang Feng, held 7.52% of the shares, amounting to 43,280,000 shares[12] Risk Management - The company is facing risks from fluctuations in raw material prices, particularly stainless steel, which significantly impacts production costs[28] - The company has implemented measures to mitigate risks from raw material price fluctuations by optimizing product design and improving production efficiency[28] - The ongoing COVID-19 pandemic continues to affect the company's overseas export business, with measures in place to minimize its impact[27] - The company has established a credit management department to address potential credit losses from accounts receivable due to long manufacturing and payment cycles[30][32] - The company is closely monitoring foreign exchange market fluctuations to manage risks associated with currency exchange rates[29] Fundraising Activities - The company reported a total fundraising amount of RMB 471,073,599.21 from the issuance of 103,989,757 shares at a price of RMB 4.53 per share[35] - The net amount raised after deducting issuance costs was RMB 459,409,457.92[35] - Total raised funds amounted to CNY 45,940.95 million, with no changes in usage during the reporting period[40] - The company is actively managing risks related to its fundraising projects, ensuring alignment with market demand and technological advancements[33] Other Financial Metrics - The company reported a significant decrease in asset impairment losses, with a 100% reduction compared to the previous year[22] - The company incurred a credit impairment loss of CNY -5,409,710.70, which was an improvement from CNY -8,261,285.50 in the previous year[64] - The company reported a net loss from investment of CNY 796,974.74, which is a deterioration compared to a loss of CNY 649,957.80 in the previous period[59] - The company reported a decrease in operating costs to CNY 34,932,419.63 from CNY 56,353,279.05, a reduction of 38.2%[63] - The company experienced a significant increase in non-operating income, which rose to CNY 437,410.40 from CNY 2,258,285.13 in the previous year[60]