晶盛机电(300316) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥912,209,884.46, representing a 27.37% increase compared to ¥716,178,606.76 in the same period last year[3]. - Net profit attributable to shareholders was ¥281,507,839.56, a significant increase of 109.71% from ¥134,237,125.35 year-on-year[3]. - The net profit after deducting non-recurring gains and losses was ¥242,237,982.35, up 84.98% from ¥130,953,441.16 in the previous year[3]. - Basic earnings per share rose to ¥0.22, reflecting a 120.00% increase compared to ¥0.10 in the same period last year[3]. - The company reported a net profit for Q1 2021 of ¥284,592,108.75, representing a significant increase of 116.2% compared to ¥131,496,065.62 in Q1 2020[36]. - The company's total equity reached approximately ¥5.79 billion, compared to ¥5.25 billion, indicating a growth of about 10.3%[31]. - The company's net profit attributable to the parent company increased to approximately ¥2.71 billion from ¥2.43 billion, reflecting a growth of about 11.5%[31]. Assets and Liabilities - The company's total assets increased by 7.61% to ¥11,297,288,339.93 from ¥10,498,166,375.24 at the end of the previous year[3]. - Total liabilities amounted to approximately ¥5.50 billion, up from ¥5.25 billion, which is an increase of about 4.8%[30]. - Current assets totaled approximately ¥8.68 billion, up from ¥7.96 billion, indicating an increase of around 9.0% year-over-year[29]. - The company's inventory increased significantly to approximately ¥3.09 billion from ¥2.58 billion, reflecting a growth of about 19.9%[29]. - Accounts receivable decreased to approximately ¥1.23 billion from ¥1.44 billion, a decline of about 14.5%[29]. Cash Flow - The net cash flow from operating activities was ¥37,558,184.60, a decrease of 92.04% compared to ¥472,065,183.08 in the same period last year[3]. - The company reported a significant decrease in cash flow from operating activities, generating a net amount of ¥37.56 million, a decrease from ¥472.07 million in the same quarter last year[84]. - The total cash flow from operating activities was approximately ¥1.31 billion, compared to ¥1.12 billion in the same period last year, indicating a growth of 17%[39]. - The company received approximately ¥328 million in cash from investment recoveries, compared to ¥72 million in the previous year[40]. Research and Development - R&D expenses for the period reached 69.05 million yuan, a 95.11% increase year-on-year, reflecting the company's commitment to enhancing R&D investment[12]. - Research and development expenses for Q1 2021 were ¥69,045,255.45, significantly higher than ¥35,387,539.54 in the previous year, reflecting a 95% increase[35]. - The company successfully developed a new generation of ring-shaped diamond wire cutting machines, which feature high capacity and low material loss[15]. Shareholder Information - The top shareholder, Shaoxing Shangyu Jingsheng Investment Management Consulting Co., Ltd., holds 48.27% of the shares, amounting to 620,635,522 shares[6]. - The total number of common shareholders at the end of the reporting period was 48,322[50]. - The largest shareholder, Shaoxing Shangyu Jingsheng Investment Management Consulting Co., held 48.27% of shares, totaling 620,635,522 shares[50]. Investment and Projects - The company signed new orders for crystal growth and intelligent processing equipment exceeding 5 billion yuan during the reporting period[14]. - The total amount of uncompleted contracts for crystal growth and intelligent processing equipment was 10.45 billion yuan as of March 31, 2021[13]. - The company has established a joint venture, holding 55% equity in Hangzhou Hanchuang Intelligent Equipment Co., Ltd., with a registered capital of RMB 5 million[19]. - The annual production capacity for sapphire crystal rods is set to reach 25 million mm, with a total investment of RMB 40,103.1 million[21]. Financial Management - The company has implemented a strict customer credit management system to mitigate order fulfillment risks, focusing on large, financially stable clients[18]. - The company has reported a total fundraising amount of RMB 233,283.56 million, with 20.45% of the funds redirected for other uses[20]. - The company has utilized a total of 60,026.65 million yuan from raised funds for various projects, including the acquisition of 51% of Hangzhou Zhongwei Optoelectronics Technology Co., Ltd. and working capital replenishment[22]. Market Risks - The company faces industry volatility risks due to its upstream position in the integrated circuit and solar photovoltaic sectors, influenced by downstream market demand[19]. - The company is actively reducing risks associated with core technical personnel turnover by implementing stock incentive policies and competitive compensation[18].