万隆光电(300710) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was ¥170,573,978.97, representing a 120.36% increase compared to ¥77,406,617.29 in the same period last year[9] - The net profit attributable to shareholders was -¥152,693.56, an improvement of 96.40% from -¥4,241,847.85 year-on-year[9] - The net cash flow from operating activities was ¥4,525,713.00, a significant recovery from -¥23,076,393.21 in the previous year[9] - The company achieved operating revenue of 170.57 million yuan, a year-on-year increase of 120.36%[18] - The net profit attributable to shareholders was a loss of 0.1527 million yuan, but the loss significantly narrowed due to receiving part of the demolition compensation[18] - The net profit excluding non-recurring gains and losses decreased by 28.87% compared to the same period last year, primarily due to severe chip shortages and fluctuations in raw material prices, which reduced the gross profit margin[18] - The company reported a gross profit margin of approximately 20.5% for Q1 2021, compared to 26.6% in the previous year[49] - The total comprehensive income for Q1 2021 was CNY -436,106.03, compared to CNY -4,498,348.68 in the previous year[47] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,015,080,044.58, a decrease of 1.93% from ¥1,035,069,807.82 at the end of the previous year[9] - The company's total current assets amounted to ¥742,563,041.24, down from ¥763,886,571.62 at the end of 2020, indicating a decrease of about 2.8%[36] - Total liabilities decreased to CNY 334,956,832.29 from CNY 354,510,489.50, reflecting a reduction of about 5.5%[38] - The company's total assets were CNY 1,015,080,044.58, down from CNY 1,035,069,807.82, representing a decrease of approximately 1.9%[39] - The accounts receivable decreased to ¥260,543,472.83 from ¥298,903,550.45, reflecting a reduction of approximately 12.8%[36] - The company's long-term investments remained stable at CNY 30,230,940.23, unchanged from the previous period[37] Cash Flow - Cash flow from operating activities for Q1 2021 was CNY 159,532,352.35, an increase from CNY 107,138,534.41 in the same period last year[52] - The net cash flow from operating activities for Q1 2021 was ¥4,525,713, a significant improvement compared to a net outflow of ¥23,076,393 in Q1 2020[53] - Total cash inflow from operating activities was ¥187,608,693, while cash outflow was ¥183,082,980, resulting in a net cash flow of ¥4,525,713[53] - Cash inflow from investment activities totaled ¥292,441,574, while cash outflow was ¥294,363,152, leading to a net cash outflow of ¥1,921,578[54] - The company reported a cash balance of ¥73,630,449 at the end of Q1 2021, down from ¥121,367,882 at the beginning of the quarter[54] - The company incurred total cash outflows of ¥86,574,441 from operating activities, compared to ¥57,679,402 in Q1 2020[57] - The net cash flow from financing activities was -¥50,186,680, reflecting a significant increase in cash outflows compared to -¥22,464,495 in Q1 2020[54] Operational Changes - The company decided to terminate the annual production project of 1.5 million broadcasting intelligent network devices due to significant changes in feasibility, reallocating funds to acquire a 52.99% stake in Chenxiao Technology[28] - The company completed the acquisition of 52.99% equity in Chenxiao Technology, with a total investment of 10.54 million yuan[27] - The company plans to enhance its technical capabilities and innovation capacity to maintain a competitive edge in the market[21] - The company is focusing on talent acquisition and management to meet the increasing demand for high-end technical and managerial personnel[23] Income and Expenses - The company experienced a 54.60% increase in business taxes and additional fees, attributed to higher urban construction tax and education fees[17] - Management expenses rose by 47.15%, primarily due to increased service and rental costs[17] - Research and development expenses for Q1 2021 were CNY 8,353,753.03, a decrease of 16.1% from CNY 9,949,181.91 in Q1 2020[49] - The company recorded other income of CNY 8,591,633.82 in Q1 2021, significantly higher than CNY 1,219,415.45 in the same period last year[49] - The company experienced a significant reduction in financial expenses, with interest expenses decreasing to CNY 284,077.87 from CNY 877,049.48 year-over-year[49] Customer and Supplier Relations - The top five suppliers accounted for 18.78% of the total procurement amount, with a total procurement amount of 24.94 million yuan, showing a slight decrease from the previous year's 19.34%[19] - The top five customers generated operating revenue of 98.78 million yuan, representing 57.91% of total operating revenue, up from 40.86% in the same period last year[19] Fund Management - The total amount of raised funds was 234.10 million yuan, with 55.60% of the funds already utilized[27] - The company utilized ¥20,245,400.00 in permanent working capital from the raised funds as of March 31, 2021[29] - The company reported a total of ¥2,016.90 million in surplus funds from the "Optical Access Equipment and Smart Terminal R&D Center" project, which will be permanently supplemented into working capital[29] Compliance and Governance - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[31] - There were no violations regarding external guarantees during the reporting period[30] - The company has not conducted any research, communication, or interview activities during the reporting period[32]