Daybright(SZ:300670)2021-04-28 16:00Financial Performance - The company's revenue for Q1 2021 was ¥60,285,025.47, representing a 78.17% increase compared to ¥33,834,748.24 in the same period last year[6] - The net profit attributable to shareholders was a loss of ¥2,012,239.17, an improvement of 30.01% from a loss of ¥2,875,203.74 in the previous year[6] - The basic and diluted earnings per share were both ¥-0.0064, showing a 29.67% improvement from ¥-0.0091 in the same period last year[6] - Operating loss for Q1 2021 was 1.4363 million yuan, with the loss margin narrowing by 58.47% compared to the same period last year[20] - Total profit for Q1 2021 was a loss of 1.3354 million yuan, with the loss margin narrowing by 51.22% year-on-year[20] - The main factors driving revenue and profit growth were the recovery of normal supply levels in most provinces compared to the pandemic-affected 2020[20] - The company expects better profit growth in Q2 2021 as stable production and delivery are anticipated[20] Cash Flow and Investments - The net cash flow from operating activities was a negative ¥26,890,734.88, slightly improved by 2.13% from a negative ¥27,474,756.81 year-on-year[6] - Cash flow from operating activities improved, with cash received from sales increasing by 53.00% to RMB 101,819,106.70 compared to RMB 66,549,227.97 in the previous year[19] - Investment income surged by 979.22% to RMB 648,359.81, attributed to favorable cash management and returns from financial investments[19] - The company's cash and cash equivalents decreased from ¥196,837,102.35 on December 31, 2020, to ¥150,979,413.21 on March 31, 2021, representing a decline of approximately 23.3%[35] - The company has temporarily used up to ¥30,000,000 of idle raised funds to supplement liquidity, with a usage period not exceeding 12 months[26] - The company reported a net cash outflow of CNY 45.86 million from financing activities, an improvement from CNY 70.30 million in the previous year[54] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,224,504,290.08, down 6.66% from ¥1,311,898,434.06 at the end of the previous year[6] - The total amount of raised funds was 271.1889 million yuan, with 14.406 million yuan invested in the current quarter[23] - Total liabilities decreased from CNY 304,553,754.13 to CNY 218,024,842.05, representing a decline of about 28.5%[37] - Current liabilities totaled CNY 207,750,988.26, down from CNY 294,085,384.50, a decrease of approximately 29.3%[37] - The company's equity attributable to shareholders decreased from CNY 926,255,148.10 to CNY 924,238,241.11, a marginal decline of about 0.22%[38] Operational Highlights - The gross profit margin decreased as operating costs rose to RMB 44,856,259.06, a 98.39% increase from RMB 22,609,809.97 in the previous year[18] - Accounts receivable financing decreased by 78.05% to RMB 900,000.00 from RMB 4,100,000.00 due to lower bank acceptance notes used for collections[18] - Inventory increased by 53.09% to RMB 56,363,845.26, impacted by supply chain constraints leading to delays in product shipments[18] - The company reported a significant increase in prepaid expenses, which rose by 303.23% to RMB 8,809,743.24, as a result of locking in prices for key materials[18] - The company plans to continue expanding its distribution network and enhancing product offerings in response to market demand[18] - The company plans to continue focusing on the "Distribution Network Automation Expansion Project" and "Microgrid Control System Production Project" to enhance its market position[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,448[12] - The total amount of minority interests was CNY 81,089,531.83, reflecting the interests of other shareholders in the company[63]