SACA(SZ:300464)2021-04-22 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥1,306,955,266.19, representing a 56.43% increase compared to ¥835,483,590.42 in the same period last year[9]. - Net profit attributable to shareholders reached ¥36,088,234.28, a significant increase of 328.41% from ¥8,423,800.52 in the previous year[9]. - The net profit after deducting non-recurring gains and losses was ¥31,508,880.07, up 439.63% from ¥5,839,018.94 year-on-year[9]. - Basic earnings per share increased to ¥0.1022, reflecting a growth of 327.62% compared to ¥0.0239 in the previous year[9]. - The total operating revenue for Q1 2021 was CNY 1,306,955,266.19, an increase of 56.4% compared to CNY 835,483,590.42 in the same period last year[48]. - The net profit for Q1 2021 reached CNY 36,445,178.67, representing a significant increase of 267.5% compared to CNY 9,945,914.33 in Q1 2020[50]. Cash Flow and Assets - The net cash flow from operating activities was ¥200,251,218.06, a recovery from a negative cash flow of ¥79,715,254.83 in the same period last year[9]. - The company's cash and cash equivalents increased by 73.37% to ¥505.31 million from ¥291.47 million due to higher net cash from operating activities[21]. - Cash received from sales of goods and services increased by 77.47% to ¥1.29 billion from ¥724.70 million, reflecting normal collection of receivables[22]. - The total cash inflow from financing activities was 123,610,603.51 CNY, down from 356,109,772.02 CNY in the previous year, reflecting a decline of about 65.3%[59]. - The total cash outflow from investing activities was 66,945,530.76 CNY, a decrease from 185,901,104.73 CNY in the same period last year, indicating a reduction of approximately 64.0%[59]. - The total assets at the end of the reporting period were ¥4,073,417,540.24, a slight increase of 0.65% from ¥4,047,173,161.20 at the end of the previous year[9]. Expenses and Liabilities - The cost of goods sold increased by 88.73% to ¥880.46 million from ¥466.52 million, reflecting sales growth and new revenue recognition standards[21]. - Financial expenses surged by 444.99% to ¥16.28 million from ¥2.99 million, primarily due to acquisition loans and foreign exchange losses[21]. - The total liabilities for Q1 2021 were CNY 1,006,168,797.67, up from CNY 846,987,590.37 in the previous year[46]. - Total current liabilities decreased to CNY 1,223,613,547.53 from CNY 1,283,340,287.28, a decline of approximately 4.7%[42]. Research and Development - Research and development expenses grew by 32.46% to ¥16.45 million from ¥12.42 million, indicating increased investment in R&D[21]. - The company applied for 77 new patents and received 39 new patent grants, with total R&D investment amounting to 23.94 million yuan in the first quarter[24]. - The company is advancing several key R&D projects, including a new generation of high-resolution dash cameras and smart dash cameras with DMS and ADAS features, both of which have completed EVT verification[25]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,420[13]. - The total number of restricted shares decreased from 62,769,248 to 55,984,772, with a total of 6,784,476 shares released from restrictions during the period[18]. Risks and Compliance - The company faces risks from fluctuations in raw material prices, particularly steel, which constitutes over 50% of its main business costs[26]. - The company is exposed to exchange rate risks due to over 90% of its revenue coming from exports, primarily settled in USD[26]. - The company is addressing tax payment notifications from the French tax authorities, amounting to approximately 4.95 million euros, related to VAT underreporting from 2015 to 2019[29]. - The company reported a total of 73.02 million yuan in frozen bank accounts, representing 3.84% of its latest audited net assets, but this has not significantly impacted its operations[28]. Overall Financial Health - The company reported no overdue commitments or violations regarding external guarantees during the reporting period[33]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[34]. - The company did not engage in any research, communication, or interview activities during the reporting period[35].