苏州固锝(002079) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was CNY 560,970,701.95, representing a 71.85% increase compared to CNY 326,429,610.39 in the same period last year[8]. - Net profit attributable to shareholders reached CNY 50,405,920.90, a significant increase of 289.74% from CNY 12,933,251.38 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was CNY 44,429,771.83, up 483.24% from CNY 7,617,769.21 in the previous year[8]. - The basic earnings per share (EPS) was CNY 0.0656, reflecting a 268.54% increase from CNY 0.0178 in the same quarter last year[8]. - The total profit for Q1 2021 was ¥59,473,223.72, marking a 186.21% increase from ¥20,779,798.28 in Q1 2020, primarily due to increased operating profit[23]. - Net profit for Q1 2021 was CNY 51,007,767.60, compared to CNY 17,372,797.04 in the same period last year, reflecting a growth of approximately 194%[102]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,480,194,560.43, a 4.47% increase from CNY 2,374,118,364.06 at the end of the previous year[8]. - The total liabilities increased to CNY 518,737,032.22 from CNY 461,803,858.38, reflecting an increase of approximately 12.3%[90]. - Current liabilities totaled CNY 484,752,397.86, an increase of 14.0% compared to CNY 425,029,929.12 in the previous period[90]. - Non-current liabilities amounted to CNY 33,984,634.36, down from CNY 36,773,929.26, indicating a decrease of about 7.6%[90]. - The company's total equity reached CNY 1,961,457,528.21, compared to CNY 1,912,314,505.68, reflecting an increase of approximately 2.57%[92]. Cash Flow - The company reported a net cash flow from operating activities of CNY 6,531,612.44, a significant recovery from a negative cash flow of CNY -45,416,239.84 in the same period last year[8]. - The company's cash paid for the purchase of fixed assets rose significantly by 272.07% to ¥27,882,410.80 from ¥7,493,837.87, indicating increased capital expenditure[23]. - The company reported a cash balance of CNY 493.44 million as of March 31, 2021, an increase from CNY 449.02 million at the end of the previous period[86]. - The net cash flow from operating activities for the current period is ¥15,056,635.16, an increase from ¥14,421,247.03 in the previous period, reflecting a growth of approximately 4.4%[114]. - The net cash flow from investment activities was ¥4,770,739.33, a significant recovery from a negative cash flow of -¥90,801,340.54 in the previous period[116]. Research and Development - Research and development expenses surged by 76.88% to ¥26,740,910.18, up from ¥15,118,193.90, reflecting the company's commitment to increasing R&D investment[21]. - The company has made significant progress in the R&D of HJT low-temperature silver paste, achieving a reduction in consumption by nearly 30% and an increase in printing speed by 20%, while maintaining conversion efficiency[36]. - Research and development expenses for Q1 2021 were CNY 26,740,910.18, up from CNY 15,118,193.90, indicating an increase of approximately 77%[100]. Acquisitions and Investments - Suzhou Gude Electronic Co., Ltd. is planning to acquire 45.20% equity of Suzhou Jinyin New Materials Co., Ltd. through a combination of issuing shares and cash payment[26]. - The company has received conditional approval from the China Securities Regulatory Commission for the acquisition and related transactions[30]. - The acquisition aims to enhance the company's capabilities in electronic paste technology and expand its market presence[31]. - The company has been actively disclosing progress on the acquisition since April 2020, with multiple announcements regarding the transaction[26]. Shareholder Information - The top shareholder, Suzhou Tongbo Electronics Co., Ltd., holds 29.62% of the shares, totaling 227,738,352 shares[12]. - The company did not engage in any repurchase transactions among the top ten shareholders during the reporting period[16]. Operational Efficiency - The company is focusing on enhancing supply chain management to ensure delivery capabilities to high-quality customers[44]. - The company aims to complete sales targets of CNY 25 million in Q2 2021 by accelerating the development of new products and managing accounts receivable effectively[47]. - The company has completed the expansion of existing testing lines to meet increased production demands[43]. Financial Management - The company has established internal control measures to mitigate risks associated with foreign exchange derivatives, including regular audits and monitoring of market conditions[71]. - The total amount of entrusted financial management reached CNY 33.2 million, with no overdue amounts reported[77]. - The company has no reported cases of non-operating fund occupation by controlling shareholders or related parties during the reporting period[79].