赛特新材(688398) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue for the first quarter reached CNY 163,845,753.59, representing an increase of 84.58% year-on-year[7]. - Net profit attributable to shareholders of the listed company was CNY 32,080,662.33, up 21.24% from the same period last year[7]. - Net profit excluding non-recurring gains and losses increased by 112.33% to CNY 29,612,336.82 compared to the previous year[7]. - Operating profit for Q1 2021 was ¥38,392,005.35, up from ¥31,363,686.65 in Q1 2020, reflecting a growth of 22.4%[27]. - Net profit for Q1 2021 was ¥32,361,379.27, compared to ¥26,461,429.92 in Q1 2020, representing an increase of 22.2%[27]. - In Q1 2021, the company's net profit reached CNY 30,586,167.06, an increase of 15.1% compared to CNY 26,568,764.66 in Q1 2020[31]. - Total revenue from operating activities was CNY 153,323,926.64, a significant increase of 52.9% compared to CNY 100,246,093.73 in Q1 2020[33]. Assets and Liabilities - Total assets increased by 3.23% to CNY 1,104,293,147.14 compared to the end of the previous year[7]. - Current assets totaled ¥677,055,543.17, down from ¥707,190,129.93, indicating a decrease of about 4.3%[20]. - Non-current assets increased to ¥427,237,603.97 from ¥362,531,763.13, representing a growth of approximately 17.8%[20]. - Total liabilities stood at ¥245,846,432.82, slightly up from ¥243,636,558.01, reflecting a marginal increase of about 0.9%[21]. - Shareholders' equity increased to ¥858,446,714.32 from ¥826,085,335.05, marking an increase of approximately 3.9%[21]. - The total amount of prepayments increased by 45.39% to CNY 12,015,719.36 from CNY 8,264,480.40, driven by the expansion of production scale[13]. - The company’s contract liabilities decreased by 47.44% to CNY 2,698,693.35, down from CNY 5,134,142.48, as some advance payments were recognized as revenue[13]. Cash Flow - Cash flow from operating activities amounted to CNY 12,734,126.32, reflecting a growth of 15.13% year-on-year[7]. - The cash flow from investment activities showed a significant decrease of 55.39% year-on-year, primarily due to reduced purchases of bank structured deposits[17]. - The company reported a cash flow deficit from investing activities of CNY -55,390,213.24, an improvement from CNY -344,535,400.16 in Q1 2020[34]. - The ending cash and cash equivalents balance was CNY 183,069,534.35, compared to CNY 114,791,424.31 at the end of Q1 2020, representing a year-over-year increase of 59.5%[34]. - The company reported a significant increase in cash outflows related to operating activities, totaling 171,271,832.49 RMB compared to 87,801,533.25 RMB last year[36]. Shareholder Information - The total number of shareholders reached 5,534 by the end of the reporting period[11]. - The top shareholder, Wang Kunming, holds 39.65% of the shares, totaling 3,172,000 shares[11]. Research and Development - Research and development expenses accounted for 4.24% of operating revenue, down from 5.72% in the previous year[7]. - Research and development expenses rose to CNY 6,942,972.70, a 36.76% increase from CNY 5,076,738.15, attributed to a higher number of R&D personnel and increased material consumption[15]. - Research and development expenses for Q1 2021 were ¥6,942,972.70, compared to ¥5,076,738.15 in Q1 2020, indicating a rise of 36.8%[27]. Financial Expenses - The company's financial expenses improved significantly, showing a reduction from CNY -1,351,735.46 to CNY -320,188.97, mainly due to fluctuations in foreign currency asset exchange rates[15]. - The company reported a financial expense of -¥320,188.97 in Q1 2021, a significant improvement from -¥1,351,735.46 in Q1 2020[27]. Tax and Other Financial Metrics - The company’s tax payable increased by 31.99% to CNY 12,276,118.17 from CNY 9,300,737.72, reflecting profit growth during the reporting period[14]. - The company reported a non-recurring gain of CNY 2,468,325.51 for the quarter[9].