春晖智控(300943) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was ¥127,386,203.82, representing a 62.36% increase compared to ¥78,459,111.74 in the same period last year[9]. - Net profit attributable to shareholders was ¥15,276,030.41, up 38.37% from ¥11,040,270.63 year-on-year[9]. - The basic earnings per share increased by 18.18% to ¥0.13 from ¥0.11 in the previous year[9]. - The company achieved operating revenue of CNY 127.39 million, a year-on-year increase of 62.36% due to the effective control of the pandemic and normalization of sales[20]. - The net profit attributable to shareholders reached CNY 15.28 million, reflecting a year-on-year growth of 38.37%[20]. - Total operating revenue for Q1 2021 reached CNY 127,386,203.82, an increase of 62.3% compared to CNY 78,459,111.74 in Q1 2020[49]. - Total operating costs for Q1 2021 were CNY 107,803,780.48, up 62.5% from CNY 66,379,010.11 in the same period last year[50]. - Net profit for Q1 2021 was CNY 15,276,030.41, representing a growth of 22.4% compared to CNY 12,487,270.63 in Q1 2020[50]. - The total comprehensive income for Q1 2021 was CNY 15,276,030.41, compared to CNY 11,040,270.63 in the previous year, indicating a growth of 38.5%[51]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,032,197,492.92, a 34.17% increase from ¥769,305,790.57 at the end of the previous year[9]. - The company's total assets increased significantly, with current assets rising by 574.01% to CNY 4.54 million, attributed to prepaid income tax and VAT credits[18]. - The total assets as of March 31, 2021, are 1,032,197,492.92 yuan, compared to 769,305,790.57 yuan at the end of 2020[41]. - The total liabilities decreased to CNY 185,094,334.80 from CNY 209,499,626.37, a decline of 11.7%[47]. Cash Flow - The net cash flow from operating activities was negative at -¥34,028,375.17, worsening by 157.64% compared to -¥13,337,426.72 in the same period last year[9]. - The company reported a significant increase in cash and cash equivalents, totaling CNY 571.86 million, up 69.89% from CNY 336.60 million at the end of 2020, primarily due to new share issuance[18]. - The cash and cash equivalents as of March 31, 2021, amount to 571,857,436.50 yuan, an increase from 336,596,498.51 yuan at the end of 2020[40]. - The cash inflow from sales of goods and services was 72,711,511.13 CNY, up from 67,423,476.75 CNY in the previous period[58]. - The company raised CNY 277,045,782.01 through financing activities in Q1 2021, compared to a cash outflow of CNY -240,618.18 in the previous year[57]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 26,169[12]. - Major shareholder Yang Guangyu holds 38.66% of the shares, amounting to 52,527,133 shares[12]. - The company did not engage in any repurchase transactions during the reporting period[13]. Research and Development - Research and development expenses rose to CNY 8.67 million, a 70.72% increase compared to the previous year, indicating a focus on enhancing core competitiveness[19]. - The company's R&D expenses for Q1 2021 were CNY 6,871,090.99, which is a 72.5% increase from CNY 3,984,500.22 in the previous year[52]. - The company is actively developing new products, including a pressure regulator and an intelligent electromagnetic valve, aimed at improving performance and reducing production costs[20]. - The company is currently developing several projects aimed at improving product reliability and performance, including a hydrogen valve and a stepper motor waterway module[22]. Market and Operations - The company plans to continue expanding its market presence and enhancing research capabilities to drive future growth[20]. - The top five suppliers accounted for 17.96% of total purchases, down from 19.66% in the previous year[24]. - The top five customers contributed 43.91% to total sales, compared to 41.02% in the same period last year[25]. - The company maintains a diversified supplier base, with no reliance on a single supplier[24]. - The company's annual operational plan is being executed smoothly without any major disruptions[26]. Capital and Financing - The capital reserve increased by 421.58% to CNY 300.70 million, reflecting the impact of new stock issuance[18]. - The company’s cash flow from financing activities showed a dramatic increase to CNY 277.05 million, a 115,239.17% rise due to stock issuance[19]. - The total amount of raised funds for the quarter is 27,704.58 million yuan, with 286.61 million yuan invested during the reporting period[30]. - The cumulative amount of raised funds used for projects is 27,704.58 million yuan, with no changes in usage reported[31]. Audit and Compliance - The company did not undergo an audit for the first quarter report[61]. - The company has not reported any significant changes in its core technology team or major risks affecting operations during the reporting period[26]. - There were no significant changes in project feasibility or reasons for potential losses compared to the previous year[33]. - The company has not engaged in any research, communication, or interview activities during the reporting period[35].