英杰电气(300820) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥113,236,988.60, representing a 24.72% increase compared to ¥90,789,829.40 in the same period last year[8] - The net profit attributable to shareholders for Q1 2021 was ¥28,341,961.14, a 44.88% increase from ¥19,561,809.29 in the previous year[8] - Basic earnings per share for Q1 2021 decreased by 18.92% to ¥0.30 from ¥0.37 in the previous year[8] - Revenue from sales of goods and services increased by 40.81% to CNY 51,408,825.54, reflecting improved cash collection[22] - Net profit increased by 44.88% to CNY 28,341,961.14, mainly due to higher revenue[22] - Total operating revenue for the current period reached CNY 113,236,988.60, a 24.7% increase from CNY 90,789,829.40 in the previous period[70] - Net profit for the current period was CNY 28,341,961.14, representing a 44.8% increase compared to CNY 19,561,809.29 in the previous period[76] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥37,698,756.36, a decline of 181.93% compared to -¥13,371,444.14 in the same period last year[8] - Cash and cash equivalents decreased by 35.39% to CNY 114,876,821.27 due to increased spending on goods and financial investments[19] - Cash inflow from financing activities was 2 million yuan, a decrease of 99.57% compared to the previous year due to last year's public stock issuance[25] - The company reported a cash balance of CNY 114,876,821.27 as of March 31, 2021, down from CNY 177,798,098.94 at the end of 2020[52] - The company recorded a cash and cash equivalents balance of 114,677,221.27 at the end of the period, down from 565,992,189.28[93] - The cash flow from financing activities resulted in a net inflow of 1,990,600.00, a decrease from 457,911,670.00 in the previous period[93] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,545,288,432.22, a 10.60% increase from ¥1,397,218,378.45 at the end of the previous year[8] - The total liabilities increased to ¥457,151,031.91 from ¥337,422,939.28, indicating a growth of approximately 35.4%[58] - Current liabilities rose to ¥454,429,251.01, compared to ¥334,683,822.28, indicating an increase of about 35.8%[58] - Accounts payable increased significantly to ¥85,502,666.30 from ¥58,900,959.34, reflecting a growth of approximately 45%[58] - Contract liabilities grew to ¥301,270,624.42, up from ¥222,324,649.46, marking an increase of around 35.4%[58] - Total equity rose to CNY 1,105,386,920.48, compared to CNY 1,075,005,915.25, marking a 2.9% increase[68] Investments and R&D - Research and development expenses grew by 45.63% to CNY 9,671,599.10, reflecting an increase in R&D personnel and materials[22] - The company has committed to several investment projects, including a power electronics product expansion project with a total investment of CNY 23,882.98 million[39] - The technical center upgrade project is expected to reach operational status by December 2021, currently still under construction[42] - The company has pre-invested CNY 7,960,942.48 in the power electronics product expansion and technical center upgrade projects[42] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,177[12] - Major shareholders include Wang Jun with 34.58% and Zhou Yinghuai with 34.06% of the shares[12] - The company did not engage in any repurchase transactions during the reporting period[15] Risk Management - The company is focusing on technological innovation and increasing new product R&D efforts to mitigate industry volatility risks[29] - The company has identified risks related to order fulfillment, particularly in the photovoltaic industry, and is implementing measures to ensure contract execution[30] - The company is addressing potential declines in product gross margins by enhancing lean production management and developing new products[32] - The company is actively managing risks associated with core technical personnel turnover and protecting intellectual property rights[33] - The company is adjusting investment plans for fundraising projects to align with market trends and ensure expected returns[34] Other Financial Metrics - Investment income surged by 4,662.99% to CNY 2,570,463.00, primarily due to an increase in structured deposits[22] - Other income for the current period was CNY 1,445,731.70, down from CNY 2,177,003.51 in the prior period[73] - The company reported a rise in receivables, with accounts receivable increasing to ¥75,984,365.49 from ¥52,595,925.92, an increase of about 44.5%[62] - Total operating costs amounted to CNY 81,399,989.89, up 21.5% from CNY 67,008,070.58 in the prior period[73] Audit and Compliance - The first quarter report for 2021 was not audited[101]