天银机电(300342) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was ¥224,791,839.47, representing a 24.62% increase compared to ¥180,380,053.31 in the same period last year[8] - Net profit attributable to shareholders was ¥26,454,069.77, an increase of 11.36% from ¥23,754,513.57 year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥25,553,985.04, up 10.85% from ¥23,052,238.97 in the previous year[8] - The company achieved total operating revenue of 224.79 million yuan in Q1 2021, representing a year-on-year growth of 24.62%[21] - Net profit attributable to the parent company was 26.45 million yuan, an increase of 11.36% compared to the same period last year[21] - The company reported a total comprehensive income of ¥25,934,759.99, up from ¥23,474,957.76, indicating an increase of approximately 10.5%[58] - The net profit for the first quarter of 2021 was CNY 25,357,490.87, an increase of 31.5% compared to CNY 19,236,514.34 in the same period last year[61] - The total comprehensive income for the first quarter was CNY 24,837,290.87, up from CNY 19,011,214.49, reflecting a growth of 30.8% year-over-year[62] Cash Flow and Assets - The net cash flow from operating activities was -¥52,547,200.81, a decline of 250.10% compared to ¥35,008,256.64 in the same period last year[8] - Cash and cash equivalents decreased by 69.45 million yuan, a decline of 230.67% compared to the previous year[20] - The company's current assets totaled CNY 1,243,798,058.71, down from CNY 1,285,083,094.92, indicating a decrease of about 3.2%[46] - Cash and cash equivalents at the end of the period decreased to CNY 41,421,029.88 from CNY 188,233,876.54, indicating a drop of 78.0%[66] - The ending balance of cash and cash equivalents was 7,531,295.65, down from 164,344,418.64 in the previous period[69] Liabilities and Equity - Total assets at the end of the reporting period were ¥2,040,891,224.28, down 2.10% from ¥2,084,657,267.24 at the end of the previous year[8] - The company's total liabilities decreased from ¥329,779,924.92 to ¥304,505,261.20, a reduction of about 7.7%[56] - Total liabilities decreased to CNY 499,661,517.49 from CNY 567,952,946.47, a reduction of about 12%[48] - The company's equity attributable to shareholders rose to CNY 1,526,726,283.76 from CNY 1,500,792,413.99, an increase of approximately 1.7%[49] - The total liabilities to equity ratio improved, reflecting a stronger financial position as total liabilities decreased while equity increased[48] Research and Development - Research and development expenses increased by 39.05% to 198.30 million yuan, primarily due to increased personnel costs[19] - The company is committed to increasing R&D investment to strengthen its technological advantages and develop new products to address intensifying market competition[28] - Research and development expenses rose to ¥19,830,302.34, compared to ¥14,261,116.05 in the previous year, representing an increase of about 39.2%[56] Market and Competition - The company plans to enhance its market share of high value-added energy-saving and environmentally friendly products in response to the structural adjustment opportunities in the refrigerator market due to new energy efficiency standards[26] - The company faces significant risks from fluctuations in raw material prices, particularly for stainless steel, copper, silver, and nickel, which could impact its operational performance[27] - Seasonal fluctuations affect the company's performance, with typically stronger results in the first half of the year due to the nature of the refrigerator and freezer market[29] - The company is expanding its market presence in Europe, Southeast Asia, and South America while strengthening its domestic market position[26] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 27,500[12] - The largest shareholder, Foshan Lanhai Ruixing Equity Investment Partnership, held 28.53% of the shares, totaling 123,200,000 shares[12] - The controlling shareholder plans to increase its stake in the company by acquiring between 2.12 million and 4.24 million shares within six months, reflecting confidence in the company's future[34] - The company has experienced a share reduction of 1.49 million shares by a major shareholder, accounting for 0.351% of the total share capital[35] Financial Management - The company received government subsidies amounting to ¥1,002,869.61 during the reporting period[9] - The company’s short-term borrowings decreased by 42.11% to 27.54 million yuan, reflecting loan repayments during the period[19] - The company’s total liabilities decreased by 33.11% to 137.48 million yuan, primarily due to tax payments made by subsidiaries[19] - The company incurred a credit impairment loss of CNY 188,216.53 during the quarter[61] - The company paid CNY 50,570,060.47 in employee compensation, which is an increase of 50.3% from CNY 33,687,374.42 in the previous year[65] Miscellaneous - The company has received re-certification as a high-tech enterprise, allowing it to benefit from a reduced corporate income tax rate of 15% for three years[33] - The company is actively working to retain and attract talent through improved incentive systems and partnerships with prestigious universities[31] - The company has established a mature technology platform to enhance its competitive advantage in the military electronics sector amid increasing competition[28] - The company did not apply the new leasing standards for the first quarter of 2021[70] - The first quarter report was not audited[71]