FPT(SZ:300256)2021-04-23 16:00Financial Performance - The company's revenue for Q1 2021 was ¥2,041,829,204.49, representing a 90.06% increase compared to ¥1,074,291,315.87 in the same period last year[9] - Net profit attributable to shareholders was ¥40,499,009.26, a decrease of 11.15% from ¥45,578,990.12 in the previous year[9] - Basic earnings per share decreased by 20.00% to ¥0.04 from ¥0.05 in the previous year[9] - The company achieved total operating revenue of CNY 2,041.83 million, a 90.06% increase compared to the same period last year[26] - The net profit attributable to shareholders of the listed company was CNY 40.50 million, a decrease of 11.15% year-on-year[26] - Total operating revenue for the current period reached ¥2,041,829,204.49, a significant increase from ¥1,074,291,315.87 in the previous period, representing an increase of approximately 90.0%[69] - Total operating costs amounted to ¥1,991,371,184.83, compared to ¥1,053,369,846.53 in the previous period, indicating an increase of about 88.9%[72] - Net profit for the current period was ¥36,753,992.64, slightly higher than ¥36,389,117.04 from the previous period, showing a marginal increase of approximately 1.0%[74] - The company reported a gross profit margin of approximately 2.4% for the current period, compared to 3.0% in the previous period, indicating a decrease in profitability[72] Cash Flow and Financial Position - The net cash flow from operating activities was ¥14,896,550.23, down 91.06% from ¥166,680,819.41 in the same period last year[9] - Cash flow from operating activities showed a significant decline of 91.06% to CNY 14.90 million compared to the same period last year[25] - Cash inflow from operating activities totaled $2.23 billion, compared to $1.36 billion in the previous period, representing an increase of 63.7%[83] - Cash outflow from operating activities was $2.22 billion, up from $1.20 billion in the previous period, an increase of 85.0%[86] - The ending balance of cash and cash equivalents was $113.97 million, a slight decrease from $116.83 million in the previous period[89] - The company reported a cash and cash equivalents balance of ¥8,378,946.56 at the end of the period, down from ¥14,860,183.99 in the previous period[94] - The company’s long-term borrowings remained stable at ¥408,382,136.76, indicating consistent financing strategies[98] - As of the reporting period, the company's debt-to-asset ratio was 67.69%, with short-term borrowings amounting to 269.2 million RMB, indicating potential financing risks due to macroeconomic changes[37] Assets and Liabilities - Total assets at the end of the reporting period were ¥10,714,971,694.28, a slight increase of 0.03% from ¥10,712,173,725.02 at the end of the previous year[9] - Current assets totaled ¥5,574,678,715.88, compared to ¥5,625,834,007.83 at the end of 2020, indicating a decrease of approximately 0.91%[54] - Total liabilities were reported at ¥7,252,852,719.36, a slight decrease from ¥7,286,808,742.74[58] - Total liabilities amounted to CNY 7,286,808,742.74, a decrease of CNY 132,595,036.07 compared to the previous period[102] - The total equity attributable to shareholders reached ¥1,996,640,143.85, up from ¥1,956,141,134.59[61] - The company's total equity attributable to shareholders decreased to CNY 3,175,265,965.51, reflecting a loss of CNY -33,410,903.75 in undistributed profits[105] Shareholder Information - The total number of shareholders at the end of the reporting period was 46,614[14] - The top ten shareholders held a combined 49.67% of the company's shares, with the largest shareholder holding 15.04%[14] Research and Development - Research and development expenses increased by 56.79% to CNY 58.35 million, driven by new customer and product development[22] - The company is in the trial production phase for several key R&D projects, including foldable touch screens and OLED display modules[27] - The company is developing new technologies for e-ink touch display products, aiming for large-scale production[30] - The company is focusing on enhancing production efficiency and product quality through improved manufacturing processes and employee awareness[26] Strategic Initiatives - The company has invested a total of 6 billion yuan in the smart terminal technology park project, supported by local government incentives[34] - The company formed a joint venture, Shenzhen Interstellar Innovation Research Center Co., Ltd., with a registered capital of 10 million RMB, holding 80% stake, to develop consumer electronics and smart wearable devices[38] - The company invested 88 million RMB in Shenzhen Yier San Si Investment Development Co., Ltd. to participate in urban renewal projects, aiming to enhance R&D conditions and market expansion[37] Risk Management - The company faces risks related to technology innovation and product development, emphasizing the need for continuous R&D investment[33] - The company is actively monitoring policy risks and has implemented measures to manage operational risks amid the ongoing COVID-19 pandemic[37] - The company is focusing on enhancing management capabilities to mitigate risks associated with scale expansion[33] Compliance and Governance - The company has not reported any non-compliance with external guarantees during the reporting period[44] - The company has not engaged in any non-operational fund occupation by controlling shareholders or related parties during the reporting period[47] - The company has not undergone an audit for the first quarter report, which may affect the reliability of the financial data presented[106]