NBSS(SH:600884)2021-04-28 16:00Financial Performance - Operating revenue for the quarter was RMB 3.99 billion, a 227.17% increase compared to the same period last year[5] - Net profit attributable to shareholders was RMB 302.35 million, compared to a loss of RMB 83.70 million in the previous year[5] - Basic earnings per share improved to RMB 0.186, compared to a loss of RMB 0.075 in the same period last year[5] - The net profit attributable to the parent company reached approximately CNY 302.35 million, a significant increase compared to the previous year, reflecting higher sales volumes in lithium materials[13] - Net profit for Q1 2021 was ¥358,587,208.93, a turnaround from a net loss of ¥94,913,623.21 in Q1 2020[26] - The company reported a profit margin of approximately 8.96% in Q1 2021, compared to a negative margin in Q1 2020[26] - Total operating revenue for Q1 2021 reached ¥3,999,264,002.25, a significant increase from ¥1,222,371,293.61 in Q1 2020, representing a growth of approximately 227.4%[25] Cash Flow and Liquidity - The cash flow from operating activities showed a net outflow of RMB 1.03 billion, compared to a net outflow of RMB 94.58 million last year[5] - The net cash flow from operating activities was -1.03 billion RMB, primarily due to the acquisition of the LCD polarizer business, resulting in a significant increase in accounts receivable[14] - The company reported a net cash flow from operating activities of -1,028,518,944.63 CNY in Q1 2021, compared to -94,581,508.57 CNY in Q1 2020, indicating a significant decline[29] - Cash inflow from financing activities reached 6,140,196,124.55 CNY in Q1 2021, significantly higher than 2,414,186,291.01 CNY in Q1 2020, representing an increase of about 154.5%[30] - The net cash flow from financing activities was 4,946,712,725.16 CNY in Q1 2021, compared to 326,501,582.33 CNY in Q1 2020, indicating a strong improvement[33] Assets and Liabilities - Total assets increased by 40.88% year-on-year, reaching RMB 34.57 billion[5] - The company's cash and cash equivalents increased by 52.56% to approximately CNY 4.70 billion, primarily due to the acquisition of the LCD polarizer business[11] - The company's inventory rose by 116.58% to approximately CNY 3.51 billion, attributed to expanded sales in lithium battery materials and increased raw material prices[11] - Total liabilities increased to ¥20,445,375,240.92, up from ¥10,633,400,529.88, representing a 92.5% year-over-year growth[21] - The company's goodwill rose by 733.78% to approximately CNY 1.07 billion, resulting from the acquisition of the LCD polarizer business[11] - Long-term equity investments rose significantly to ¥10,635,809,249.54, up from ¥5,615,252,313.68, marking an 89.8% increase[22] Business Segments and Contributions - The new polarizer business contributed RMB 193 million to net profit attributable to shareholders[6] - The positive electrode materials business generated a net profit of RMB 74 million, an increase of RMB 76 million year-on-year[6] - The negative electrode materials business achieved a net profit of RMB 102 million, a year-on-year increase of 7,324.67%[6] - The electrolyte business turned profitable with a net profit of RMB 7 million, driven by rising prices and improved gross margins[6] Research and Development - Research and development expenses increased by 94.46% to approximately CNY 149.63 million, reflecting the company's commitment to enhancing lithium battery material technology[12] - Research and development expenses increased to ¥149,627,171.95 in Q1 2021, up from ¥76,943,654.24 in Q1 2020, marking an increase of about 94.3%[25] Market Outlook - The company anticipates significant growth in cumulative net profit compared to the same period last year, driven by the newly consolidated polarizer business and stable sales of cathode and anode materials in the electric vehicle market[17]