鼎胜新材(603876) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue for the first quarter reached CNY 3,405,744,379.11, a growth of 30.21% year-on-year[15] - Net profit attributable to shareholders was CNY 44,181,296.98, reflecting a 19.78% increase from the same period last year[15] - The company reported a decrease of 9.06% in net profit attributable to shareholders after deducting non-recurring gains and losses, amounting to CNY 32,116,366.61[15] - Diluted earnings per share decreased by 56.25% to CNY 0.07 compared to CNY 0.16 in the previous year[17] - The total profit for the first quarter of 2021 was CNY 56.77 million, compared to CNY 46.49 million in the first quarter of 2020, indicating a growth of approximately 22.4%[54] - The comprehensive income total for the first quarter of 2021 was CNY 39.58 million, compared to CNY 21.03 million in the first quarter of 2020, representing an increase of approximately 88.5%[54] - The operating profit for the first quarter of 2021 was CNY 58.54 million, compared to CNY 47.05 million in the same period of 2020, reflecting an increase of about 24.5%[54] - The total profit margin for the first quarter of 2021 was approximately 2.05%, compared to 1.83% in the first quarter of 2020, indicating an improvement in profitability[54] Cash Flow - The net cash flow from operating activities was negative at CNY -127,293,315.24, compared to a positive CNY 1,261,942.89 in the previous year[15] - Cash inflow from operating activities for Q1 2021 was CNY 2,490,489,505.13, an increase of 18.6% compared to CNY 2,100,548,258.87 in Q1 2020[64] - Cash outflow from operating activities for Q1 2021 was CNY 2,617,782,820.37, up from CNY 2,099,286,315.98 in Q1 2020, resulting in a net cash flow from operating activities of -CNY 127,293,315.24[64] - The company experienced a net cash outflow from operating activities, indicating potential challenges in maintaining positive cash flow amidst increased operational costs[64] - Cash inflow from financing activities for Q1 2021 was CNY 2,831,576,122.09, an increase of 31.2% compared to CNY 2,157,054,186.31 in Q1 2020[66] - Cash outflow from financing activities for Q1 2021 was CNY 2,016,182,683.41, a decrease from CNY 2,184,544,019.94 in Q1 2020, resulting in a net cash flow from financing activities of CNY 815,393,438.68[66] - The net increase in cash and cash equivalents for Q1 2021 was CNY 147,933,570.53, compared to a decrease of CNY 228,090,778.24 in Q1 2020[66] - The ending balance of cash and cash equivalents for Q1 2021 was CNY 504,029,419.75, down from CNY 675,654,032.06 in Q1 2020[66] Assets and Liabilities - Total assets increased by 18.01% to CNY 15,729,165,880.28 compared to the end of the previous year[15] - Current assets increased to ¥9,339,615,932.23 from ¥6,953,372,337.41, representing a growth of approximately 34.4% year-over-year[37] - Total liabilities rose to ¥11,878,571,251.48 from ¥9,517,782,523.43, which is an increase of approximately 24.7%[42] - The company's total liabilities increased significantly, with accounts payable rising by 95.89% to CNY 2,228,440,959.82 in Q1 2021, compared to CNY 1,137,616,815.35 in Q1 2020, due to increased bill pledges[28] - Non-current liabilities decreased slightly to ¥3,013,078,439.61 from ¥3,065,455,122.99, showing a reduction of approximately 1.7%[42] - The company's equity attributable to shareholders increased to ¥3,839,044,450.34 from ¥3,798,111,058.64, reflecting a growth of about 1.1%[42] Shareholder Information - The number of shareholders at the end of the reporting period was 19,987[22] - The largest shareholder, Hangzhou Dingsheng Industrial Group Co., Ltd., held 31.99% of the shares, totaling 138,704,300 shares[22] Research and Development - Research and development expenses increased by 94.49% to CNY 112,292,038.17 in Q1 2021, up from CNY 57,737,881.88 in Q1 2020, due to increased investment in new products and technologies[31] - Research and development expenses for the first quarter of 2021 amounted to CNY 84.26 million, significantly higher than CNY 36.95 million in the same period of 2020, marking an increase of about 128.5%[57]