兴业股份(603928) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue rose by 63.53% to CNY 421,402,259.42 year-on-year[5] - Net profit attributable to shareholders decreased by 37.47% to CNY 15,727,243.05 compared to the same period last year[5] - The company's operating revenue for Q1 2021 reached ¥421,402,259.42, representing a 63.53% increase compared to ¥257,694,152.21 in the same period last year[12] - Net profit for Q1 2021 was CNY 15,727,243.05, a decrease of 37.5% from CNY 25,153,150.74 in Q1 2020[24] - The total comprehensive income for Q1 2021 was ¥17,739,850.93, down 46.5% from ¥33,096,660.57 in Q1 2020[28] Cash Flow - The net cash flow from operating activities dropped by 75.66% to CNY 14,906,674.35[5] - The net cash flow from operating activities decreased by 75.66% to ¥14,906,674.35, mainly due to increased cash payments for raw material purchases[13] - The net cash flow from operating activities for Q1 2021 was ¥14,906,674.35, a decrease of 75.7% from ¥61,243,541.85 in Q1 2020[30] - Net cash flow from operating activities decreased to $3.50 million in Q1 2021 from $52.08 million in Q1 2020, a decline of 93.3%[35] - The total net increase in cash and cash equivalents for Q1 2021 was $4.99 million, down from $22.45 million in Q1 2020, a decrease of 77.8%[35] Assets and Liabilities - Total assets increased by 4.14% to CNY 1,707,432,108.46 compared to the end of the previous year[5] - The company's total assets as of March 31, 2021, amounted to ¥1,707,432,108.46, up from ¥1,639,625,135.46 at the end of 2020[16] - The total liabilities increased to ¥291,248,867.62 from ¥239,398,354.46, reflecting a rise in accounts payable and other current liabilities[17] - Total liabilities increased to CNY 231,453,177.55 in Q1 2021, up from CNY 170,801,925.82 in Q1 2020[22] Cash and Cash Equivalents - Cash and cash equivalents increased by 142.09% to CNY 21,074,712.21 due to operational funding needs[11] - The company's cash and cash equivalents were CNY 14,366,071.47 as of March 31, 2021, compared to CNY 5,376,801.55 at the end of 2020[20] - Cash and cash equivalents at the end of Q1 2021 totaled $10.37 million, down from $29.86 million at the end of Q1 2020, a decrease of 65.3%[35] Operating Costs and Expenses - Operating costs increased by 88.22% to ¥369,535,116.40, primarily due to rising raw material prices and the reclassification of freight costs under the new revenue recognition standards[12] - Management expenses increased by 49.24% to ¥13,689,692.06, driven by higher business expenses as revenue grew[12] - Research and development expenses rose by 63.35% to ¥13,143,339.83, attributed to increased material costs and additional R&D projects by subsidiaries[12] - Research and development expenses for Q1 2021 were CNY 13,143,339.83, up from CNY 8,046,316.90 in Q1 2020[24] Shareholder Information - The number of shareholders reached 12,180 at the end of the reporting period[9] Other Financial Metrics - The weighted average return on equity decreased by 0.77 percentage points to 1.12%[5] - The deferred income tax liabilities increased by 93.33% to ¥621,902.06, primarily due to the fair value appreciation of trading financial assets[12] - The company reported a significant decrease in investment income, down 97.22% to ¥17,406.51, due to lower redemption amounts from financial products compared to the previous year[12] - Other income rose by 35.14% to ¥2,332,743.23, mainly from increased VAT refunds compared to the same period last year[12]