横河精密(300539) - 2021 Q1 - 季度财报

Financial Performance - The company's 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, up 195.61% from a loss of ¥3,623,348.42 in the previous year[8]. - The basic earnings per share increased to ¥0.02 from a loss of ¥0.01, reflecting a 300.00% improvement[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 successful business strategies and a low base effect from the previous year's pandemic impact[20]. - 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 total operating revenue for the first quarter of 2021 was CNY 157,781,316.06, compared to CNY 81,962,504.51 in the same period last year, indicating a significant increase[54]. - The total operating costs for the first quarter of 2021 were CNY 152,024,867.24, up from CNY 84,991,923.10 in the previous year[55]. - The net profit for the first quarter was CNY 3,963,807.89, a turnaround from a net loss of CNY 3,218,437.27 in the same period last year[56]. - The total profit for the first quarter was CNY 4,834,142.92, compared to a loss of CNY 2,699,490.84 in the same period last year[56]. Assets and Liabilities - The company's 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 net assets attributable to shareholders increased by 0.99% to ¥502,684,495.12 from ¥497,750,189.03[8]. - The company's total assets as of March 31, 2021, were CNY 878,485,987.70, slightly down from CNY 883,424,993.94 at the end of 2020[51]. - The total liabilities decreased to CNY 530,453,330.35 from CNY 558,364,917.83 year-over-year[49]. - The total liabilities increased to CNY 558,364,917.83 from CNY 563,389,142.16, reflecting a slight decrease[72]. - The total current liabilities were CNY 347,198,123.69, while total non-current liabilities were CNY 40,245,544.54, leading to a total liabilities of CNY 387,443,668.23[75]. 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 net cash flow from operating activities decreased by CNY 9,193,163.17 in Q1 2021, down 32.12%, mainly due to increased cash payments for goods and services[19]. - The company reported a cash flow from operating activities of CNY 19,428,749.91, down from CNY 28,621,913.08 in the previous period[64]. - Operating cash flow for the first quarter was CNY 11,418,594.51, a decrease of 25.1% compared to CNY 15,248,895.76 in the previous year[67]. - Cash inflow from financing activities totaled CNY 68,069,947.10, compared to CNY 12,800,040.98 in the previous year, marking a substantial increase[68]. - Net cash flow from financing activities was a negative CNY 21,679,015.67, an improvement from a negative CNY 46,055,490.27 in the previous year[68]. Research and Development - R&D expenses increased by CNY 2,158,427.56 in Q1 2021, up 47.13%, reflecting a rise in R&D investment compared to the same period last year[18]. - The company reported a research and development expense of CNY 6,738,589.51, compared to CNY 4,580,161.95 in the previous year, reflecting an increase in R&D investment[55]. - Research and development expenses increased to CNY 4,574,341.83 from CNY 2,703,832.32 in the previous period, reflecting a focus on innovation[59]. Market and Strategic Initiatives - The company is actively expanding into the automotive parts market, which is expected to grow due to increasing vehicle ownership in China[23]. - The company plans to continue focusing on investment in new technologies and market expansion strategies to drive future growth[69]. - The company has committed to a new project with an annual production capacity of 5 million automotive functional parts, which is expected to be completed by December 31, 2021[37]. Governance and Risk Management - The company faces risks related to customer concentration, with the top five customers accounting for 63.17% of total revenue as of December 31, 2020[21]. - The company has established a comprehensive governance structure and internal control systems to mitigate risks associated with actual controllers and management[22]. - 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 market demand and regulatory support[24]. - 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 taken measures to ensure its independence in assets, operations, personnel, finance, and institutions[29]. Commitments and Legal Responsibilities - The company has committed to measures to ensure the compensation for any dilution of immediate returns due to the issuance of convertible bonds[28]. - The controlling shareholders have expressed their intention to hold shares long-term, with a potential reduction of up to 20% of their holdings after the lock-up period[28]. - The company has established a commitment to not occupy the funds of its subsidiaries through loans or other means[29]. - The company has promised to compensate for any economic losses caused by violations of commitments related to labor dispatch and other financial obligations[30]. - The company will ensure strict adherence to all public commitments made during the IPO process, accepting social supervision[32]. - The company will publicly disclose reasons for any failure to fulfill commitments and apologize to shareholders and the public[32]. - The company will use its own funds to compensate investors for direct losses incurred due to reliance on unfulfilled commitments[32]. - The company will extend the lock-up period for shares held by individuals who fail to fulfill commitments until all negative impacts are resolved[32]. - The company reported a commitment to ensure the accuracy and completeness of the prospectus, taking legal responsibility for any false statements or omissions[31]. - The company will initiate compensation for investors within three working days if any false statements or omissions are identified by regulatory authorities[32].