天洋新材(603330) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue rose by 83.14% to CNY 224,954,709.71 year-on-year[6] - Net profit attributable to shareholders increased by 183.08% to CNY 18,660,301.17 compared to the same period last year[6] - Net profit after deducting non-recurring gains and losses surged by 227.15% to CNY 16,797,391.59[6] - Basic and diluted earnings per share both reached CNY 0.12, a 200% increase from the previous year[6] - Total operating revenue for Q1 2021 reached ¥224,954,709.71, a significant increase of 83% compared to ¥122,831,992.35 in Q1 2020[40] - Net profit for Q1 2021 was ¥17,844,611.75, representing a 164% increase from ¥6,748,170.64 in Q1 2020[42] - The company reported a total profit of ¥24,323,737.80 for Q1 2021, up from ¥9,033,304.59 in Q1 2020, reflecting a 169% increase[42] Assets and Liabilities - Total assets increased by 24.82% to CNY 1,763,527,726.62 compared to the end of the previous year[6] - The company's total current assets reached RMB 989,088,005.92, up from RMB 662,959,027.06 at the end of 2020[32] - Total liabilities amounted to ¥704,007,793.82, compared to ¥697,704,922.79, showing a slight increase of about 0.2%[34] - Shareholders' equity reached ¥1,059,519,932.80, up from ¥715,184,191.21, marking a significant increase of approximately 48%[34] - Current liabilities rose to ¥516,964,513.51 from ¥499,999,071.25, reflecting an increase of approximately 3.9%[33] Cash Flow - Cash flow from operating activities showed a significant improvement, with a net outflow of CNY 42,900,389.04 compared to a much smaller outflow of CNY 608,259.75 in the previous year[6] - Cash inflow from operating activities in Q1 2021 was ¥204,112,635.21, compared to ¥127,264,323.55 in Q1 2020, marking a 60% increase[47] - The net cash flow from operating activities for Q1 2021 was -42,900,389.04 RMB, compared to -608,259.75 RMB in Q1 2020, indicating a significant decline in operational performance[48] - The company reported a net increase in cash and cash equivalents of 267,670,599.45 RMB for Q1 2021, contrasting with a decrease of -16,827,338.07 RMB in Q1 2020[49] Shareholder Information - The total number of shareholders reached 5,700 by the end of the reporting period[9] - The largest shareholder, Li Zhelong, holds 32.50% of the shares, with 55,191,591 shares pledged[9] Research and Development - Research and development expenses surged by 143.38% to ¥6,580,865.26 from ¥2,703,967.96, reflecting the company's commitment to enhancing R&D investment[13] - The company incurred a tax expense of ¥6,479,126.05 in Q1 2021, compared to ¥2,285,133.95 in Q1 2020, which is an increase of 184%[42] Capital Raising and Investments - The total amount raised from the non-public offering was ¥386,999,774.64, with a net amount of ¥373,853,548.23 after deducting issuance costs[20] - The company completed a non-public offering, increasing its capital by 16,929,124 shares, which will not change the control of the company[21] - The company expects the fundraising projects to improve profitability and market share in the hot melt adhesive sector, contributing to sustainable development[21] Other Financial Metrics - The company reported a significant increase in prepayments, which rose by 182.88% to ¥42,516,842.74 from ¥15,030,155.27, mainly due to increased advance payments for imported raw materials[11] - The company’s sales expenses increased by 57.67% to ¥14,584,051.04 from ¥9,249,660.39, attributed to heightened promotional activities in the wall fabric division[12] - The company received a government subsidy of up to RMB 41 million related to the asset transfer, which will impact current profits[29]