横河精密(300539) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥157,781,316.06, representing a 92.50% increase compared to ¥81,962,504.51 in the same period last year[8] - Net profit attributable to shareholders was ¥3,991,591.90, a significant turnaround from a loss of ¥3,040,119.56, marking a 231.30% increase[8] - The net profit after deducting non-recurring gains and losses was ¥3,464,225.89, compared to a loss of ¥3,623,348.42, reflecting a 195.61% improvement[8] - The basic earnings per share increased to ¥0.02 from a loss of ¥0.01, representing a 300.00% increase[8] - In Q1 2021, the company's operating revenue increased by CNY 75,818,811.55, a rise of 92.50% year-on-year, primarily due to stable market conditions and low base effects from the previous year's pandemic impact[17] - The net profit attributable to shareholders in Q1 2021 was CNY 3,991,591.90, a significant increase of 231.30% year-on-year[20] - The net profit for the first quarter of 2021 was CNY 4,277,321.04, a significant increase of 83.5% compared to CNY 2,333,271.90 in the same period last year[60] - The company reported a total comprehensive income of CNY 3,963,292.93 for Q1 2021, compared to a loss of CNY 3,210,076.16 in Q1 2020[57] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,031,595,001.14, a decrease of 2.18% from ¥1,054,600,066.54 at the end of the previous year[8] - The company's total assets reached ¥1,059,624,290.87 in Q1 2021, up from ¥1,054,600,066.54 in Q1 2020, indicating a slight growth in asset value[72] - The company's total liabilities were RMB 530,453,330.35, down from RMB 558,364,917.83, indicating a decrease of about 4.99%[48] - The total liabilities increased to ¥563,389,142.16 in Q1 2021 from ¥558,364,917.83 in Q1 2020, reflecting a rise in both current and non-current liabilities[72] - The company's current assets totaled RMB 515,133,955.40, down from RMB 546,850,485.69 at the end of 2020, indicating a decrease of about 5.79%[46] Cash Flow - The net cash flow from operating activities was ¥19,428,749.91, down 32.12% from ¥28,621,913.08 in the same period last year[8] - The cash flow from operating activities was impacted by an increase in payments for goods and services, totaling CNY 110,183,630.69, compared to CNY 72,256,715.24 last year[64] - The net cash flow from financing activities was negative at -¥17,630,843.57 in Q1 2021, compared to -¥45,465,563.65 in Q1 2020, showing an improvement in financing efficiency[68] Investments and R&D - R&D expenses in Q1 2021 increased by CNY 2,158,427.56, up 47.13% year-on-year, reflecting a rise in R&D investment compared to the same period last year[18] - The company reported a total cash inflow from investment activities of CNY 14,113,363.02, a decrease of 70% from CNY 47,099,043.01 in the previous year[65] - The company’s investment income in Q1 2021 decreased by CNY 65,599.99, a decline of 84.69% year-on-year, primarily due to reduced financial investment returns[18] Shareholder Commitments and Governance - The actual controllers of the company, Hu Zhijun and Huang Xiuzhu, have committed to avoiding any business activities that may directly or indirectly compete with the company's main business[29] - The company has ensured its independence in assets, operations, personnel, finance, and organization as per legal regulations[29] - The company reported a commitment to ensure the accuracy and completeness of the prospectus, taking legal responsibility for any false statements or omissions[30] - The controlling shareholders pledged to facilitate the buyback of all newly issued shares if any significant misrepresentation is identified by regulatory authorities[31] - The company has established a framework to protect the rights and interests of its shareholders against potential conflicts[29] Risks and Challenges - The company faces customer concentration risk, with the top five customers accounting for 63.17% of total revenue as of December 31, 2020[21] - The company faces risks related to natural disasters and public events that could impact operations and profitability[24] - There are uncertainties regarding the expected benefits of fundraising projects due to potential changes in national policies, funding availability, and market demand[24] Market Expansion - The company is actively expanding into the automotive parts market, which is expected to grow due to increasing vehicle ownership in China[23] - The project for producing 500,000 automotive functional parts, automotive lighting, and high-end interior and exterior parts is ongoing, with a planned completion date extended to December 31, 2021[37]