海鸥住工(002084) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥794,860,300.68, representing a 75.13% increase compared to ¥453,879,891.67 in the same period last year[8]. - Net profit attributable to shareholders was ¥24,108,334.66, a significant turnaround from a loss of ¥20,977,188.29, marking a 214.93% increase[8]. - The net profit after deducting non-recurring gains and losses was ¥25,079,457.35, compared to a loss of ¥15,550,793.45, reflecting a 261.27% improvement[8]. - The basic earnings per share increased to ¥0.0449 from a loss of ¥0.0430, representing a 204.42% increase[8]. - Revenue for Q1 2021 reached ¥794,860,300.68, a 75.13% increase compared to ¥453,879,891.67 in Q1 2020, driven by sales growth and new subsidiaries[17]. - The company reported a gross profit margin of approximately 6.3% for Q1 2021, compared to a negative margin in the same period last year[43]. - The total comprehensive income for Q1 2021 was CNY 16.92 million, a recovery from a comprehensive loss of CNY -22.90 million in the previous year[46]. - The net profit for the first quarter of 2021 was CNY 14,200,343, a significant recovery from a net loss of CNY 10,072,106 in the same period last year, representing a turnaround of over 240%[49]. - Operating profit reached CNY 14,516,992, compared to an operating loss of CNY 9,891,936 in the previous year, indicating a strong operational performance improvement[49]. Assets and Liabilities - The total assets at the end of the reporting period were ¥4,239,202,362.54, up 5.95% from ¥4,001,032,897.38 at the end of the previous year[8]. - Total liabilities increased to CNY 2,191,205,176.72 from CNY 1,956,245,222.07, marking an increase of about 12.0%[37]. - The company's total liabilities increased to CNY 1.28 billion as of March 31, 2021, compared to CNY 1.14 billion at the end of 2020, reflecting a growth of 12.2%[42]. - Total assets reached CNY 4,239,202,362.54, up from CNY 4,001,032,897.38, indicating an increase of approximately 5.9%[38]. - The total cash and cash equivalents at the end of Q1 2021 amounted to 239,212,444.93 CNY, up from 180,729,229.29 CNY at the end of the previous year[57]. Cash Flow - The net cash flow from operating activities was ¥49,259,833.57, a 4.58% increase from ¥47,104,125.12 in the previous year[8]. - Cash inflow from operating activities increased by 65.72% to ¥979,705,817.72 in Q1 2021, compared to ¥591,164,808.50 in Q1 2020, due to higher cash receipts from sales[19]. - The company reported a decrease in financial expenses to CNY -6,735,041.56 from CNY 9,057,003.38, highlighting improved cost management[49]. - Financing activities generated a net cash inflow of CNY 141,523,419.05, a significant increase from CNY 45,231,264.40 in the same period last year, reflecting enhanced financing capabilities[54]. Investments and Expenditures - The company executed a share buyback program, repurchasing 2,793,010 shares, representing 0.50% of total shares, at a total cost of ¥19,337,444.30[20]. - The cash outflow for purchasing fixed assets and intangible assets increased by 315.40% to ¥63,661,816.37 in Q1 2021, compared to ¥15,325,332.06 in Q1 2020, indicating expansion in capital expenditures[19]. - The company reported a total investment amount of 94,454 million with a fair value of 43,888 million, resulting in a loss of 54,473 million during the reporting period[23]. - The investment income showed a loss of CNY -3,266,510.38, worsening from a loss of CNY -894,637.19 in the previous year, indicating challenges in investment performance[49]. Research and Development - R&D expenses rose by 36.00% to ¥26,330,986.79 in Q1 2021, up from ¥19,360,927.99 in Q1 2020, indicating increased investment in innovation[18]. - The company is focusing on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[39]. Government and Regulatory - The company received government subsidies amounting to ¥2,644,227.49 during the reporting period[9]. - The company has implemented strict internal control measures for its derivative investments to mitigate market and operational risks[26]. - The company has no violations regarding external guarantees during the reporting period[30]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[30]. Market Outlook - The company is expected to maintain a stable performance in the first half of 2021, with no significant changes in net profit compared to the previous year[27]. - The company is focusing on the development of prefabricated housing and has made progress in the assembly of bathroom and cabinet products[31].