四会富仕(300852) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was ¥201,855,884.65, representing a 31.63% increase compared to ¥153,354,302.77 in the same period last year[8] - Net profit attributable to shareholders was ¥37,147,413.00, up 19.97% from ¥30,962,938.96 year-over-year[8] - The basic earnings per share decreased by 9.59% to ¥0.66 from ¥0.73 in the previous year[8] - The total operating revenue for the first quarter was CNY 201,855,884.65, representing a 31.5% increase from CNY 153,354,302.77 in the previous year[47] - The net profit for Q1 2021 was CNY 37,258,397.40, an increase of 16.2% compared to CNY 31,825,985.07 in Q1 2020[53] - Operating profit for Q1 2021 reached CNY 42,342,534.27, up from CNY 37,945,714.15 in the same period last year, reflecting a growth of 10.4%[53] - The total comprehensive income for Q1 2021 was CNY 37,258,397.40, compared to CNY 31,825,985.07 in Q1 2020, reflecting a growth of 16.2%[54] Cash Flow and Assets - The net cash flow from operating activities was negative at -¥2,133,696.37, a decline of 110.26% compared to ¥20,797,541.02 in the same period last year[8] - The company's current assets totaled CNY 681,948,572.69, down from CNY 760,641,996.28 at the end of 2020, indicating a decrease of about 10.3%[39] - The cash and cash equivalents increased to CNY 176,091,370.98 from CNY 148,969,930.56, representing a growth of approximately 18.1%[39] - The company reported a total cash and cash equivalents balance of CNY 172,591,370.98 at the end of Q1 2021, compared to CNY 24,467,269.46 at the end of Q1 2020[58] - The net increase in cash and cash equivalents was 26,204,435.94, compared to a decrease of 23,899,824.41 in the same period last year[61] - The ending balance of cash and cash equivalents was 171,623,939.28, up from 23,778,970.31 in the previous year[61] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,104,321,158.02, an increase of 3.29% from ¥1,069,146,560.09 at the end of the previous year[8] - The total liabilities decreased slightly to CNY 189,248,324.31 from CNY 190,901,237.09, a reduction of about 0.9%[41] - The company's equity attributable to shareholders increased to CNY 915,072,833.71 from CNY 878,245,323.00, indicating a growth of approximately 4.2%[42] Research and Development - Research and development expenses increased by 30.99% to CNY 9.21 million, reflecting the company's increased investment in R&D projects[18] - Research and development expenses for the quarter were CNY 9,206,424.67, an increase of 30.9% from CNY 7,028,267.65 in the previous year[48] Market and Strategic Initiatives - The company has successfully launched high-precision products for 5G communications and new energy vehicles, contributing to steady growth in orders from existing customers[22] - The company is actively expanding its market presence by deepening cooperation with Japanese clients and exploring partnerships with competitive industrial enterprises in Europe and the U.S.[21] - The company plans to expand its customer base beyond Japanese clients to include domestic and European-American industrial enterprises[25] Risks and Challenges - The company faces risks from macroeconomic fluctuations and demand volatility in downstream markets, particularly in industries like industrial control and automotive electronics[24] - Approximately 60% of the company's products are exported, making it vulnerable to exchange rate fluctuations, particularly with the US dollar[26] - Raw material prices, including copper and oil, have increased, which could adversely affect the company's profitability if not managed effectively[25] Cost Management - The company implemented cost control measures to mitigate the impact of rising raw material prices, including copper and glass cloth, which have increased by over 20%[23] - The company has initiated cost reduction activities internally to manage raw material price volatility and maintain competitive pricing[25] Shareholder Information - The top shareholder, Si Hui Ming Cheng Trading Co., Ltd., holds 39.48% of the shares, totaling 22,359,600 shares[12] - The total number of ordinary shareholders at the end of the reporting period was 12,066[12] Financial Reporting and Compliance - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[34] - The company has not issued any warnings regarding potential cumulative net losses or significant changes compared to the same period last year[32] - The first quarter report was not audited[63]