华安鑫创(300928) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was CNY 129,575,567.96, representing a 20.61% increase compared to CNY 107,433,562.93 in the same period last year[7] - Net profit attributable to shareholders reached CNY 4,373,714.81, a significant increase of 1,182.56% from CNY 341,015.20 in the previous year[7] - Basic earnings per share rose to CNY 0.05, marking a 400.00% increase from CNY 0.01 in the same quarter last year[7] - In Q1 2021, the company achieved operating revenue of CNY 129.58 million, a year-on-year increase of 20.61%[19] - The net profit attributable to shareholders in Q1 2021 was CNY 4.37 million, representing a significant year-on-year growth of 1,182.56%[19] - The total profit for Q1 2021 was CNY 4,970,637.96, compared to CNY 674,461.67 in the same period last year, showing a strong growth trajectory[49] - The comprehensive income attributable to the parent company's owners totaled CNY 4,842,559.41, up from CNY 1,876,027.01 in the prior period[50] Cash Flow and Assets - The net cash flow from operating activities was CNY -105,695,026.35, worsening by 106.48% compared to CNY -51,188,957.76 in the previous year[7] - The company's cash and cash equivalents decreased to CNY 618,319,008.76 from CNY 784,231,250.75, reflecting a reduction of about 21.14%[39] - The cash inflow from operating activities was CNY 192,327,092.34, significantly higher than CNY 126,892,928.25 in the previous period[56] - The cash outflow from investing activities was 90,843,365.44 CNY, significantly higher than 3,424,469.61 CNY in the previous period, marking an increase of approximately 2,550%[57] - Total cash and cash equivalents at the end of the period were 618,319,008.76 CNY, down from 784,231,250.75 CNY at the beginning of the period, reflecting a decrease of about 21.1%[58] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,371,760,851.95, a decrease of 7.06% from CNY 1,475,959,944.32 at the end of the previous year[7] - The total equity attributable to shareholders of the parent company was CNY 1,242,064,230.73, slightly up from CNY 1,237,221,671.32[42] - The total non-current liabilities were reported at CNY 833,333.32, down from CNY 874,999.99[45] - Accounts receivable decreased to CNY 505,813,441.44 from CNY 587,424,058.72, indicating a decline of approximately 13.93%[39] Research and Development - Research and development expenses increased to CNY 6,383,645.33 from CNY 5,505,367.49 year-over-year[48] - Research and development expenses for Q1 2021 amounted to CNY 4,198,785.77, compared to CNY 2,727,333.75 in the previous year, indicating increased investment in innovation[52] Customer and Supplier Concentration - The company faces risks from high customer concentration, as a significant portion of revenue is dependent on a few key clients[24] - The company is exposed to risks from high supplier concentration, which could impact production if major suppliers fail to meet demands[25] - The top five customers contributed CNY 76.60 million in sales, representing 59.12% of total operating revenue[20] - The procurement amount from the top five suppliers represented 89.11% of the total procurement, with the largest supplier accounting for 61.16%[25] Government Support and Investments - The company received government subsidies amounting to CNY 3,040,022.66 during the reporting period[8] - The total amount raised from the initial public offering was RMB 67,603.87 million, with RMB 4,290.37 million invested in the current quarter[30] - The company has not changed the use of raised funds, with 0% of the total amount being redirected[30] Future Outlook and Risks - The company faces risks related to dependence on the domestic automotive industry, which may impact future performance if market conditions decline[21] - Continuous innovation and R&D capabilities are critical for the company to meet evolving customer demands and maintain market competitiveness[22] - The company plans to focus on market expansion and new product development in the upcoming quarters[48]