宏柏新材(605366) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue for the period was CNY 231,481,537.50, representing a year-on-year growth of 12.65%[12] - Net profit attributable to shareholders was CNY 24,729,134.55, a decrease of 15.74% compared to the same period last year[12] - Basic earnings per share decreased by 41.67% to CNY 0.07 from CNY 0.12 in the same period last year[12] - The company reported a decrease in net profit after deducting non-recurring gains and losses by 40.7% to CNY 15,806,341.30[12] - Total revenue for Q1 2021 reached ¥231,481,537.50, an increase of 12.3% compared to ¥205,494,182.70 in Q1 2020[54] - Net profit for Q1 2021 was ¥24,729,134.55, a decrease of 15.5% from ¥29,348,614.68 in Q1 2020[54] - The total comprehensive income for Q1 2021 was CNY 24,851,281.82, compared to CNY 29,307,716.74 in Q1 2020, indicating a decline of approximately 15.7%[58] Cash Flow - Net cash flow from operating activities was CNY 26,822,290.14, down 40.71% year-on-year[12] - The net cash flow from operating activities for Q1 2021 was CNY 26,822,290.14, down from CNY 45,235,819.57 in Q1 2020, a decrease of approximately 40.6%[62] - Cash inflow from operating activities for Q1 2021 was 251,766,892.76, up from 162,169,910.25 in Q1 2020, representing a year-over-year increase of approximately 55%[70] - Cash inflow from investment activities totaled 62,275,962.32 in Q1 2021, compared to 157,799,069.90 in Q1 2020, indicating a decrease of about 60%[70] - Net cash flow from investment activities was -52,570,436.71 in Q1 2021, a decline from 3,723,025.56 in Q1 2020[70] - Cash inflow from financing activities was 50,000,000.00 in Q1 2021, compared to 20,000,000.00 in Q1 2020, marking a 150% increase[72] - Net cash flow from financing activities for Q1 2021 was 49,939,166.67, significantly higher than 378,364.51 in Q1 2020[72] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 1,948,343,825.95, an increase of 5.26% compared to the end of the previous year[12] - The total liabilities as of March 31, 2021, were ¥240,794,329.09, up from ¥167,681,143.38 as of December 31, 2020, marking an increase of about 43.6%[42] - The company's total assets increased from 4,417,500 to 2,042,500, a decrease of 53.76% due to the maturity of commercial acceptance bills[23] - The company's short-term borrowings rose significantly by 1070.81%, from 7,962,152.64 to 93,222,066.36, indicating increased operational financing needs[23] - The total current assets as of March 31, 2021, were ¥1,235,627,108.30, compared to ¥1,169,275,136.16 as of December 31, 2020, indicating a growth of about 5.7%[39] - The company's total equity as of March 31, 2021, was ¥1,707,549,496.86, compared to ¥1,683,249,745.66 as of December 31, 2020, reflecting an increase of about 1.4%[44] Expenses - The company's sales expenses increased by 40.67%, from 4,355,935.01 to 6,127,564.65, primarily due to higher commission service fees from increased shipment volumes[23] - Management expenses surged by 174.87%, from 7,755,043.46 to 21,315,985.16, largely attributed to safety production costs incurred in March[26] - Operating costs for Q1 2021 were ¥213,888,253.01, up from ¥175,537,931.94 in Q1 2020, reflecting a year-over-year increase of 21.8%[54] - The total operating costs for Q1 2021 were CNY 173,738,045.09, compared to CNY 158,083,234.39 in Q1 2020, representing an increase of about 9.9%[58] Shareholder Information - The total number of shareholders at the end of the reporting period was 26,309[18] - The largest shareholder, Hongbai Chemical Co., Ltd., held 75,630,037 shares, accounting for 22.78% of the total shares[18] Government Support - The company received government subsidies amounting to CNY 11,395,627.57 during the reporting period[15] Research and Development - Research and development expenses for Q1 2021 amounted to ¥9,629,748.08, compared to ¥7,847,324.22 in Q1 2020, indicating a 22.7% increase[54] - Research and development expenses increased to CNY 9,629,748.08 in Q1 2021 from CNY 6,847,324.22 in Q1 2020, reflecting a growth of about 40.9%[59] Future Outlook - The company plans to continue investing in new product development and market expansion strategies to drive future growth[54]