双飞集团(300817) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was CNY 232,953,807.88, representing a 92.49% increase compared to CNY 121,019,431.66 in the same period last year[8] - Net profit attributable to shareholders for Q1 2021 was CNY 25,755,204.34, up 96.61% from CNY 13,099,858.85 year-on-year[8] - The net profit after deducting non-recurring gains and losses was CNY 23,981,617.01, reflecting a significant increase of 137.84% compared to CNY 10,082,997.31 in the previous year[8] - Basic earnings per share for Q1 2021 were CNY 0.25, a 31.58% increase from CNY 0.19 in the previous year[8] - The company achieved operating revenue of 232.95 million CNY, a year-on-year increase of 92.49%[22] - Net profit for the period was 25.76 million CNY, reflecting a year-on-year growth of 96.61%[22] - The increase in revenue was driven by the continuous growth in the engineering machinery industry and the recovery of the automotive sector[22] - The total comprehensive income for Q1 2021 was CNY 26,812,777.79, compared to CNY 13,099,858.85 in the previous year, reflecting a growth of about 104%[48] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -51,634,360.82, but improved by 228.94% from CNY -15,697,230.69 in the same period last year[8] - Cash and cash equivalents increased by 262.73% to CNY 237,494,894.69, primarily due to the maturity of financial assets[19] - The company reported a net cash outflow from operating activities of CNY -51,634,360.82, a 228.94% increase in outflow compared to the previous year[20] - Cash flow from financing activities decreased by 81.13% to 5.84 million CNY, primarily due to reduced bank loan repayments and intermediary fees[21] - The net cash flow from financing activities was 79.16 million CNY, down 75.81% compared to the previous year[21] - The cash inflow from operating activities was 166,101,459.46 CNY, compared to 80,695,671.02 CNY in the previous period, showing improved sales performance[55] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,181,085,650.33, a 2.48% increase from CNY 1,152,528,851.25 at the end of the previous year[8] - Current liabilities decreased to CNY 225,876,963.26 from CNY 249,304,347.58, reflecting a reduction of approximately 9.5%[39] - The total equity attributable to shareholders rose to CNY 908,545,790.35 from CNY 882,325,896.51, marking an increase of about 3%[40] - The total liabilities increased slightly to CNY 259,768,709.37 from CNY 258,489,377.58, indicating a marginal rise of about 0.5%[39] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,164[12] - The largest shareholder, Zhou Yinchun, holds 41.74% of the shares, totaling 42,180,000 shares[12] Research and Development - Research and development expenses increased by 79.39% to CNY 10,224,598.37, reflecting the company's commitment to innovation[19] - The company has committed to increasing production capacity by 13.6 million sets of sliding bearings, with a project completion target set for September 2022[28] - The construction of a new R&D center is underway, with an investment of CNY 4 million and a progress rate of 10.65% as of the report date[28] Market Strategy and Future Plans - The company plans to continue expanding its market presence and investing in new technologies[19] - The company plans to enhance its technological and management capabilities to improve market competitiveness amid intensified industry competition[24] - The company has not experienced any significant changes in its annual operating plan during the reporting period[22] Non-Recurring Gains and Other Financial Metrics - The company reported non-recurring gains of CNY 1,773,587.33 during the reporting period, primarily from government subsidies and asset disposals[9] - The company reported investment income of CNY 1,604,693.14 for Q1 2021, a significant increase from CNY 33,335.07 in the previous year[46] - The company experienced a credit impairment loss of CNY -2,577,827.82 in Q1 2021, compared to CNY -1,722,853.39 in the previous year, highlighting an increase in credit risk[46]