明冠新材(688560) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue for the period reached CNY 272,930,538.89, a 62.31% increase year-on-year[6] - Net profit attributable to shareholders decreased slightly by 0.30% to CNY 24,875,465.56 compared to the same period last year[6] - Basic and diluted earnings per share both decreased by 25% to CNY 0.15[6] - Operating profit for Q1 2021 was ¥27,314,965.83, slightly down from ¥28,914,995.55 in Q1 2020, reflecting a decrease of 5.5%[22] - Net profit for Q1 2021 was ¥24,875,465.56, a marginal decrease of 0.3% compared to ¥24,951,497.44 in Q1 2020[22] - The company reported a basic earnings per share of ¥0.15 for Q1 2021, down from ¥0.20 in Q1 2020[22] - The company’s operating profit for Q1 2021 was ¥29.63 million, a decrease of 2.9% from ¥30.52 million in Q1 2020[25] Assets and Liabilities - Total assets increased by 4.14% to CNY 1,811,067,954.18 compared to the end of the previous year[6] - Total assets as of March 31, 2021, amounted to ¥1,829,979,920.92, up from ¥1,759,156,223.55 at the end of 2020, indicating a growth of 4.0%[19] - Total liabilities increased to ¥452,877,269.62 in Q1 2021 from ¥408,382,499.71 in Q4 2020, representing an increase of 10.9%[19] - Current assets totaled ¥1,516,472,831.75, showing a slight increase of 3.8% from ¥1,460,894,827.20 at the end of 2020[19] Cash Flow - The net cash flow from operating activities was negative at CNY -140,848,487.82, a decline of 466.08% compared to the previous year[6] - The net cash flow from operating activities for Q1 2021 was -¥140.85 million, compared to a positive cash flow of ¥38.48 million in Q1 2020[27] - The company reported a total cash outflow of $493.22 million for the quarter, contrasting with an inflow of $17.08 million in the same quarter last year[30] - The total cash and cash equivalents at the end of the period were $148.23 million, down from $641.44 million at the beginning of the period[30] Research and Development - The R&D investment as a percentage of operating revenue increased by 0.81 percentage points to 3.79%[6] - Research and development expenses increased by 106.82% to ¥10.35 million, indicating higher investment in R&D[13] - Research and development expenses for Q1 2021 were ¥10,354,381.86, up 106.9% from ¥5,006,355.09 in Q1 2020, highlighting a focus on innovation[21] - Research and development expenses increased to ¥8.59 million in Q1 2021, up 102.5% from ¥4.24 million in Q1 2020[25] Shareholder Information - The total number of shareholders at the end of the reporting period was 9,932[10] - The largest shareholder, Yan Hongjia, holds 51,000,000 shares, accounting for 31.08% of the total shares[10] Government Support - The company received government subsidies amounting to CNY 8,137,112.50 during the reporting period[7] Financial Position Changes - Cash and cash equivalents decreased by 76.10% to ¥155.31 million due to purchases of financial products and materials[12] - Trade financial assets increased to ¥301.77 million, marking a 100% increase due to the rise in financial products[12] - Accounts receivable financing rose by 145.42% to ¥250.92 million, attributed to an increase in bank acceptance bills[12] - Operating costs rose by 81.36% to ¥227.89 million, reflecting increased sales of solar products[13] - Contract liabilities decreased by 67.90% to ¥671.77 thousand, due to a reduction in customer prepayments[13]