Financial Performance - The company's operating revenue for Q1 2021 was ¥1,039,846,502.83, representing a 77.39% increase compared to ¥586,189,565.02 in the same period last year[8] - Net profit attributable to shareholders was ¥55,879,138.41, up 53.34% from ¥36,441,235.25 year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥54,812,079.48, reflecting a 55.46% increase from ¥35,259,091.35 in the previous year[8] - The basic earnings per share increased to ¥0.1512, a rise of 53.35% compared to ¥0.0986 in the same period last year[8] - The company achieved operating revenue of CNY 1,039,846,502.83, a 77.39% increase compared to the same period last year[21] - Net profit attributable to shareholders reached CNY 55,879,138.41, reflecting a 53.34% growth year-on-year[22] - The net profit attributable to the parent company was CNY 636,247,740.96, up from CNY 580,368,602.55 year-over-year[44] - The total profit for Q1 2021 was CNY 76,567,091.76, an increase from CNY 50,867,234.74 in the prior year[52] - The total comprehensive income for Q1 2021 was CNY 55,603,656.24, up from CNY 36,743,410.80 in the same period last year[52] Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,165,331,342.19, marking a 21.10% increase from ¥1,788,062,811.40 at the end of the previous year[8] - The net assets attributable to shareholders were ¥1,158,697,566.06, which is a 5.05% increase from ¥1,103,035,832.85 at the end of the previous year[8] - Total assets increased to 2,165.33 million CNY in Q1 2021 from 1,788.06 million CNY at the end of 2020[42] - Current liabilities totaled CNY 987,300,954.39, compared to CNY 666,800,167.13 in the previous period[44] Cash Flow - The company reported a negative net cash flow from operating activities of ¥184,768,096.70, worsening by 86.28% compared to a negative cash flow of ¥99,190,906.81 in the same period last year[8] - Operating cash flow was negative at CNY -184,768,096.70, primarily due to increased inventory and prepayments to suppliers[23] - The net cash flow from operating activities for Q1 2021 was -184,768,096.70 CNY, compared to -99,190,906.81 CNY in Q1 2020, indicating a decline in operational cash flow[59] - Total cash inflow from operating activities was 896,979,010.71 CNY, while cash outflow was 1,081,747,107.41 CNY, resulting in a net cash outflow of 184,768,096.70 CNY[59] - Cash inflow from financing activities totaled 590,108,854.84 CNY, compared to 119,080,040.15 CNY in the same period last year[60] Inventory and Expenses - Inventory increased by 33.78% to CNY 475,518,770.63, attributed to higher sales revenue and increased stock[20] - Inventory value at the end of Q1 2021 was 475.52 million CNY, up from 355.46 million CNY at the end of 2020, with inventory provision increasing from 24.87 million CNY to 35.89 million CNY[29] - Financial expenses increased dramatically by 1218.64% to CNY 9,066,463.37, mainly due to higher interest expenses and foreign exchange losses[21] - The company reported a significant increase in research and development expenses, totaling CNY 2,811,765.70 compared to CNY 959,863.38 in the previous period[50] Strategic Initiatives - The company plans to continue expanding its business and enhancing its product offerings in line with its annual operational goals[24] - The company plans to enhance supply chain management capabilities by investing in information systems and improving forecasting systems[27] - The company has established stable partnerships with major manufacturers like TDK, Samsung, and Yageo, aiming to reduce dependency on single suppliers[28] - The company aims to improve inventory management by building smart logistics centers and adopting advanced management software[30] - The company is actively addressing risks related to the COVID-19 pandemic to ensure stable operations[31]
商络电子(300975) - 2021 Q1 - 季度财报