威唐工业(300707) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was ¥154,272,491.33, representing a 31.45% increase compared to ¥117,365,283.01 in the same period last year[6] - Net profit attributable to shareholders decreased by 34.11% to ¥11,580,767.22 from ¥17,576,592.55 year-on-year[6] - Basic and diluted earnings per share both decreased by 34.37% to ¥0.0737 from ¥0.1123 in the same period last year[6] - The company's operating revenue increased by 31.45% year-on-year, reaching ¥154,272,491.33, primarily due to growth in the automotive stamping parts business[16] - The total operating revenue for the first quarter of 2021 was CNY 154,272,491.33, an increase from CNY 117,365,283.01 in the same period last year, representing a growth of approximately 31.4%[43] - The net profit attributable to shareholders of the parent company was CNY 11,580,767.22, down 34.1% from CNY 17,576,592.55 in Q1 2020[45] - The total profit for Q1 2021 was CNY 13,680,671.45, a decrease of 33.9% from CNY 20,590,927.94 in the same quarter last year[44] Cash Flow and Investments - The net cash flow from operating activities improved significantly to ¥22,246,049.76, compared to a negative cash flow of ¥8,171,851.62 in the previous year[6] - Cash received from tax refunds increased by 548.01% year-on-year, amounting to ¥8,464,565.86, mainly due to higher export tax rebates[19] - Cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets rose by 953.97% year-on-year to ¥44,335,915.99, reflecting payments for Phase III project construction[19] - The cash inflow from operating activities was CNY 170,174,159.31, an increase from CNY 127,694,441.33 in the previous year[50] - Total cash inflow from investment activities was 95,370,255.22 CNY, while cash outflow was 146,011,323.99 CNY, resulting in a net cash flow from investment activities of -50,641,068.77 CNY[51] - Cash flow from financing activities generated a net inflow of 8,919,765.44 CNY, compared to 9,560,432.26 CNY in the previous year[52] Assets and Liabilities - Total assets increased by 2.06% to ¥1,231,062,243.21 from ¥1,206,214,700.48 at the end of the previous year[6] - The total liabilities increased to CNY 494,446,468.12 from CNY 482,258,852.97, indicating a rise of approximately 2.5%[37] - The company's cash and cash equivalents decreased to CNY 434,732,976.31 from CNY 451,636,498.07, a decline of about 3.7%[38] - The accounts receivable decreased to CNY 131,288,593.31 from CNY 142,276,396.71, showing a reduction of approximately 7.7%[38] - The inventory increased to CNY 130,589,864.67 from CNY 121,990,166.05, which is an increase of about 7.1%[38] - The non-current liabilities totaled CNY 299,393,186.62, up from CNY 287,991,536.04, reflecting an increase of approximately 4.6%[37] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 13,411[10] - The largest shareholder, Zhang Xiliang, holds 19.89% of the shares, amounting to 31,245,621 shares[10] Operational Costs and Expenses - Operating costs rose by 81.29% year-on-year to ¥114,358,122.63, attributed to increased costs associated with revenue growth and reclassification of logistics-related expenses[16] - Tax and additional fees increased by 98.89% year-on-year, totaling ¥1,285,576.59, due to a rise in value-added tax and income tax from the growth in stamping business[16] - The total operating costs for Q1 2021 were CNY 140,978,442.11, compared to CNY 96,966,738.44 in Q1 2020[44] - Research and development expenses increased to CNY 5,268,954.70, up 8.4% from CNY 4,862,243.22 in Q1 2020[44] Future Plans and Acquisitions - The company plans to expand its domestic and international market presence by enhancing its marketing team and leveraging its brand advantages[20] - The company plans to acquire at least 70% of Suzhou Delingxun Power Technology Co., Ltd. for a total valuation of up to 300 million RMB[23] - The transaction price for the acquisition of 70% equity is tentatively set at 175 million RMB, pending further approvals[24] Financial Reporting and Standards - The company has implemented new leasing liabilities in accordance with the new leasing standards issued by the Ministry of Finance[15] - The company adjusted its financial statements due to the first-time implementation of new leasing standards, affecting the balance sheet items[56] - The report for the first quarter was not audited, indicating preliminary financial results[64]