天安新材(603725) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue surged by 110.38% to CNY 243,422,477.28 year-on-year[5] - Net profit attributable to shareholders reached CNY 12,205,345.67, a significant recovery from a loss of CNY 3,064,526.84 in the same period last year[5] - Basic and diluted earnings per share were both CNY 0.06, recovering from a loss of CNY 0.01 per share in the same period last year[5] - Net profit for Q1 2021 was ¥11,420,567.75, compared to a net loss of ¥3,448,180.21 in Q1 2020, indicating a turnaround in profitability[32] - The net profit for Q1 2021 was ¥5,493,842.26, compared to a net loss of ¥39,971.86 in Q1 2020, indicating a significant turnaround[35] - The company reported a total comprehensive income of ¥5,493,842.26 for Q1 2021, compared to a total comprehensive loss of ¥39,971.86 in Q1 2020[35] Cash Flow - Net cash flow from operating activities improved to CNY 11,004,507.19, compared to a negative cash flow of CNY 7,552,346.67 in the previous year[5] - The company reported a net cash inflow from operating activities of ¥259.52 million in Q1 2021, a 77.36% increase from ¥146.32 million in Q1 2020[14] - The cash flow from operating activities for Q1 2021 was ¥11,004,507.19, a recovery from a negative cash flow of ¥7,552,346.67 in Q1 2020[37] - The net cash flow from operating activities was ¥77,415,093.19, a significant improvement from a negative cash flow of ¥11,988,359.80 in the same period last year[40] Assets and Liabilities - Total assets increased by 3.30% to CNY 1,522,879,288.44 compared to the end of the previous year[5] - The company's total assets as of March 31, 2021, amounted to ¥1,450,413,260.46, up from ¥1,408,594,194.90 at the end of 2020[29] - The total liabilities of the company as of March 31, 2021, were 688,114,457.81 RMB, compared to 650,924,644.54 RMB at the end of 2020[25] - Total liabilities increased to ¥652,960,742.43 as of March 31, 2021, compared to ¥616,635,519.13 at the end of 2020[29] Shareholder Information - The total number of shareholders reached 12,957 by the end of the reporting period[10] - The largest shareholder, Wu Qichao, holds 30.73% of the shares, totaling 63,105,600 shares[10] Research and Development - R&D expenses surged by 123.47% to ¥10.76 million in Q1 2021 from ¥4.82 million in Q1 2020, indicating a focus on product development[13] - Research and development expenses for Q1 2021 were ¥10,764,294.07, up from ¥4,816,879.21 in Q1 2020, reflecting a year-over-year increase of approximately 123.5%[32] - Research and development expenses increased to ¥4,676,684.08 in Q1 2021 from ¥3,688,704.85 in Q1 2020, reflecting a focus on innovation[34] Investments and Acquisitions - The company made significant investments totaling ¥161 million in Q1 2021, a 231.36% increase compared to ¥48.59 million in Q1 2020, primarily for acquiring stakes in various subsidiaries[14] - The company completed the first acquisition of 60% equity in Zhejiang Ruixin Decoration Materials Co., Ltd. for a total transaction price of 16.86 million RMB[17] - The company is in the process of acquiring 66% equity stakes in four subsidiaries of Guangdong Eagle Brand Ceramics Group Co., Ltd., with the acquisition confirmed on March 10, 2021[18] Tax and Financial Expenses - The company’s tax expenses skyrocketed by 10,859.80% to ¥2.66 million in Q1 2021 from ¥24,298.41 in Q1 2020, driven by a substantial increase in total profit[13] - The company incurred financial expenses of ¥4,886,719.40 in Q1 2021, up from ¥2,479,063.78 in Q1 2020, primarily due to increased interest expenses[34] Cash and Cash Equivalents - The company's cash and cash equivalents decreased to 198,719,908.05 RMB from 275,889,152.32 RMB, reflecting a decline of approximately 28%[23] - The cash and cash equivalents decreased to ¥167,860,506.96 from ¥243,144,151.80 at the end of 2020, a decline of approximately 30.9%[27] - The company's cash and cash equivalents at the end of Q1 2021 stood at ¥166,858,378.05, compared to ¥134,918,006.87 at the end of Q1 2020[40] Other Information - The company has not disclosed any new product developments or market expansion strategies in this report[11] - The company is actively coordinating with intermediaries to address the review comments from the Shanghai Stock Exchange regarding the major asset purchase[20] - The company has initiated due diligence, auditing, and valuation processes for the major asset purchase, which is progressing in an orderly manner[20]