派瑞股份(300831) - 2021 Q1 - 季度财报

Financial Performance - Revenue for Q1 2021 was CNY 17,129,321.06, an increase of 2.69% compared to CNY 16,680,020.48 in the same period last year[9] - Net profit attributable to shareholders was CNY 397,506.82, a significant improvement of 108.95% from a loss of CNY 4,442,494.03 in the previous year[9] - Net profit excluding non-recurring items was CNY 239,881.97, up 105.40% from the previous year's loss of CNY 4,442,494.03[9] - Basic earnings per share increased to CNY 0.0012 from a loss of CNY 0.0185, reflecting a growth of 106.49%[9] - Operating profit for the period was CNY 888,982.44, a significant recovery from a loss of CNY 4,475,333.17 in the same period last year[48] - Net profit for Q1 2021 was CNY 445,276.99, compared to a net loss of CNY 4,475,333.17 in the previous year, indicating a turnaround[48] - Total operating revenue for Q1 2021 was CNY 17,129,321.06, an increase of 2.69% compared to CNY 16,680,020.48 in the previous period[46] Cash Flow and Liquidity - The company reported a net cash flow from operating activities of -CNY 8,671,443.96, an improvement from -CNY 25,265,100.92 in the previous year[9] - Cash and cash equivalents at the end of the reporting period amounted to CNY 174,438,761.18, a decrease of 61.49% compared to the beginning of the period, primarily due to investments in bank wealth management products[19] - The company experienced a decrease in cash and cash equivalents by 278,488,688.76 yuan during the quarter[57] - Cash inflow from operating activities totaled 22,319,194.45 yuan, an increase from 20,387,883.12 yuan in the previous period[56] - The total cash inflow from operating activities was 20,410,728.95 yuan, compared to 19,006,233.58 yuan in the previous period[58] Assets and Liabilities - Total assets at the end of the reporting period were CNY 807,879,452.18, a decrease of 0.44% from CNY 811,461,842.82 at the end of the previous year[9] - The company's total assets amounted to CNY 807,879,452.18, a slight decrease from CNY 811,461,842.82 at the end of 2020, reflecting a 0.22% decline[41] - The total current liabilities decreased to CNY 43,889,209.16 from CNY 50,879,178.69, indicating a reduction of about 13.93%[40] - The company's total liabilities decreased to CNY 48,062,385.61 from CNY 52,090,221.01, reflecting a decline of approximately 7.77%[40] - The company's non-current liabilities rose to CNY 4,173,176.45 from CNY 1,211,042.32, representing an increase of about 244.00%[40] Shareholder Information - The top shareholder, Xi'an Power Electronics Technology Research Institute, holds 39.55% of shares, totaling 126,574,080 shares[12] - The company has no plans for share repurchase transactions during the reporting period[13] Research and Development - Research and development expenses for the quarter were CNY 1,105,818.75, an increase of 48.53% year-on-year, as R&D activities resumed after disruptions caused by the pandemic[20] - The company is focusing on R&D for flexible DC transmission technology, achieving progress in developing precision-triggered thyristors and high-voltage series products[27] - The company plans to enhance its competitive edge by increasing R&D investment and exploring new application fields beyond DC transmission[26] Market and Strategic Initiatives - The company is actively expanding its overseas market presence to leverage its brand influence[26] - The company has not made any adjustments to its annual operating plan and continues to execute its strategic initiatives as planned[25] Risk Management - The company faces potential risks related to accounts receivable due to increased contract undertakings, which may affect cash flow[27] - The company is committed to managing accounts receivable through improved customer reconciliation frequency and incentive mechanisms[27] Other Financial Metrics - The company reported a financial income of CNY 1,238,221.52, compared to a financial expense of CNY 897,878.43 in the previous period[47] - The company experienced a significant decrease in tax and additional charges, amounting to CNY 629,155.62, down 35.51% year-on-year, mainly due to a reduction in VAT payable[20]