彤程新材(603650) - 2021 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders increased by 128.85% to CNY 145,375,722.46 year-on-year[4] - Operating revenue rose by 25.72% to CNY 574,381,222.01 compared to the same period last year[4] - Basic earnings per share increased by 127.27% to CNY 0.25 compared to CNY 0.11 in the same period last year[4] - The company reported a significant increase in net profit after deducting non-recurring gains and losses, which rose by 93.64% to CNY 120,309,788.37[4] - Net profit for the first quarter reached CNY 147,487,810.62, a 125.83% increase from CNY 65,307,774.04, driven by increased revenue from core operations and investment income from associates[15] - The company reported a 366.01% increase in investment income to CNY 77,857,913.85 from CNY 16,707,390.92, mainly due to higher returns from equity investments[14] - The company reported a net profit of ¥93,045,863.09 for Q1 2021, compared to ¥62,041,468.27 in Q1 2020, indicating a year-over-year increase of 50.0%[26] - The net profit for Q1 2021 reached ¥147,487,810.63, compared to ¥65,307,774.04 in the same period last year, reflecting a 125.5% growth[28] Assets and Liabilities - Total assets increased by 28.82% to CNY 5,904,540,765.29 compared to the end of the previous year[4] - Cash and cash equivalents increased by 99.21% to CNY 1,236,377,498.53 from CNY 620,643,667.28, primarily due to funds raised from convertible bonds[11] - Total liabilities increased significantly, with bonds payable reaching CNY 703,791,768.69, reflecting the issuance of convertible bonds during the period[12] - The company's total current assets amounted to RMB 2,787,993,243.20, an increase from RMB 2,016,580,216.70 as of December 31, 2020[20] - The company's total non-current assets reached RMB 3,116,547,522.09, up from RMB 2,567,139,826.08 at the end of 2020[21] - The company's total liabilities increased to RMB 2,937,175,312.44 from RMB 1,970,948,236.05 at the end of 2020[22] - The company's total equity attributable to shareholders was RMB 2,678,525,084.47, up from RMB 2,446,994,528.67 at the end of 2020[22] Cash Flow - Net cash flow from operating activities reached CNY 54,727,027.19, a significant recovery from a negative cash flow of CNY -5,279,734.25 in the previous year[4] - The company's operating cash flow for Q1 2021 was CNY 54,727,027.19, a significant improvement from a negative cash flow of CNY -5,279,734.25 in Q1 2020, representing a turnaround of over 1000%[32] - Total cash inflow from operating activities reached CNY 483,411,557.90, compared to CNY 372,455,365.29 in the same period last year, indicating an increase of approximately 30%[32] - Cash inflow from financing activities was CNY 904,893,900.00, a substantial increase from CNY 87,840,190.48 in Q1 2020, marking a growth of over 900%[33] - The net cash flow for the quarter was CNY 346,072,486.89, a significant recovery from a negative cash flow of CNY -225,206,190.24 in the previous year[33] Shareholder Information - The total number of shareholders reached 11,748 by the end of the reporting period[9] - The largest shareholder, RED AVENUE INVESTMENT GROUP, holds 50.27% of the shares[9] Expenses - Sales expenses increased by 52.51% to CNY 32,110,636.72 from CNY 21,054,131.04, primarily due to business growth and rising shipping costs[14] - The company reported a 119.75% increase in financial expenses to CNY 11,998,198.49 from CNY 5,459,993.13, mainly due to costs associated with the issuance of convertible bonds[14] - Research and development expenses increased to ¥24,597,815.07 in Q1 2021, compared to ¥21,585,236.47 in Q1 2020, marking a growth of 14.0%[26] Investment Activities - The company incurred a financial expense of ¥7,895,089.76 in Q1 2021, compared to ¥4,136,760.47 in Q1 2020, representing an increase of 91.5%[29] - The company reported a net cash outflow from investing activities of CNY -446,066,158.86, worsening from CNY -216,874,468.74 in Q1 2020, reflecting increased investment activities[33]