富临精工(300432) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥529,819,070.18, representing a 55.20% increase compared to ¥341,368,607.34 in the same period last year[9] - The net profit attributable to shareholders was ¥101,143,058.46, up 22.07% from ¥82,856,257.15 year-on-year[9] - The net profit after deducting non-recurring gains and losses was ¥82,892,332.63, reflecting a 27.07% increase from ¥65,235,207.38 in the previous year[9] - The basic earnings per share increased by 32.40% to ¥0.1369 from ¥0.1034 in the same period last year[9] - The total operating revenue for the first quarter of 2021 was CNY 529,819,070.18, an increase from CNY 341,368,607.34 in the same period last year, representing a growth of approximately 55.3%[66] - The net profit for the current period is CNY 101.13 million, compared to CNY 82.43 million in the previous period, reflecting a year-over-year increase of 22.6%[72] - The operating profit for the current period is CNY 107.88 million, up from CNY 88.32 million, indicating a growth of 22.2%[72] - The company reported a total comprehensive income of CNY 100.84 million, compared to CNY 82.44 million in the previous period, marking an increase of 22.3%[76] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,203,707,513.48, a 1.47% increase from ¥3,157,431,162.16 at the end of the previous year[9] - The total assets as of March 31, 2021, amounted to CNY 3,296,797,609.58, compared to CNY 3,091,019,085.28 at the end of 2020, reflecting an increase of about 6.7%[62] - The total liabilities decreased to CNY 928,082,599.30 from CNY 943,710,572.81, a reduction of approximately 1.6%[66] - The company's total liabilities decreased by 52.03% to CNY 9.19 million, as the parent company fulfilled its contractual obligations[25] - The total current liabilities decreased to CNY 821,937,614.05 from CNY 838,642,466.72, a decrease of about 2.0%[66] Cash Flow - The net cash flow from operating activities was ¥7,249,284.83, down 93.64% from ¥114,001,802.23 in the same period last year[9] - The company reported a net cash flow from operating activities of CNY 7.25 million, a decrease of 93.64% compared to the previous year[27] - Cash inflow from operating activities totaled CNY 474,709,588.38, compared to CNY 465,826,185.48 in the previous period[88] - Net cash flow from investment activities was -CNY 224,271,984.91, worsening from -CNY 92,020,486.76 in the previous period[94] - Cash and cash equivalents at the end of the period were CNY 513,758,192.23, compared to CNY 420,349,977.58 at the end of the previous period[94] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 35,375, with the largest shareholder holding 32.59% of the shares[13] - The company's equity attributable to shareholders increased to CNY 2,368,715,010.28 from CNY 2,147,308,512.47, marking a growth of around 10.3%[66] Research and Development - The company has increased investment in product research and development, focusing on core technology capabilities and enhancing product sales[34] - Research and development expenses decreased to CNY 28.40 million from CNY 31.03 million, a reduction of 8.4%[72] Market and Operational Strategy - The company aims to improve production efficiency through smart manufacturing and lean production practices[34] - The company is expanding its customer base and accelerating the scale of the smart electric control industry[34] - The company plans to continue expanding its market presence and investing in new technologies[86] - The company has initiated new strategies for mergers and acquisitions to enhance growth potential[86] Risk Management - The company faces risks from fluctuations in the automotive industry and raw material prices, particularly related to chip supply and lithium battery materials[38][40] - The company plans to enhance supply chain risk management and adjust production plans in response to market demands[38] - The company is committed to continuous improvement in product quality and cost efficiency to mitigate risks from the automotive market downturn[37] Other Financial Metrics - The total operating costs increased to CNY 439.33 million from CNY 283.76 million, representing a rise of 55.0%[72] - Tax expenses for the current period were CNY 6.90 million, up from CNY 5.66 million, reflecting an increase of 21.9%[72] - The company reported a financial expense of CNY -2.77 million, an improvement from CNY -3.29 million in the previous period, indicating a reduction in financial costs[72] Changes in Accounting Standards - The company adopted the new leasing standards effective January 1, 2021, impacting financial statement adjustments[101] - The company did not adjust comparative period information following the adoption of the new leasing standards[101]