红宝丽(002165) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥834,591,265.17, representing a 76.31% increase compared to ¥473,369,397.61 in the same period last year[7]. - The net profit attributable to shareholders was ¥27,064,505.30, an increase of 8.89% from ¥24,855,499.28 year-on-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥21,980,092.96, a decrease of 7.21% compared to ¥23,687,086.23 in the previous year[7]. - The total profit for the period was 33.63 million yuan, a year-on-year increase of 4.91%, influenced by high domestic epoxy propane prices and increased shipping costs affecting the profitability of polyether products[15]. - The net profit for Q1 2021 was CNY 27,136,176.62, compared to CNY 24,814,995.96 in Q1 2020, representing an increase of approximately 9.3%[41]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥206,547,903.20, worsening by 301.73% from -¥51,414,430.41 in the same period last year[7]. - The ending balance of cash and cash equivalents was 467.44 million yuan, an increase of 31.79% compared to the beginning of the year, with a net increase of 112.75 million yuan, mainly due to increased working capital needs[15]. - Operating cash inflow for the current period was CNY 735,885,541.13, compared to CNY 396,356,441.50 in the previous period, representing an increase of approximately 85.5%[49]. - The net cash flow from operating activities was -CNY 206,547,903.20, worsening from -CNY 51,414,430.41 in the previous period[49]. - The ending cash and cash equivalents balance was CNY 402,042,105.59, an increase from CNY 348,577,459.81 in the previous period[50]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,692,624,119.61, an increase of 8.29% from ¥4,333,408,323.59 at the end of the previous year[7]. - Total liabilities increased to CNY 2,997,771,226.72 from CNY 2,664,315,265.34, reflecting a growth in financial obligations[33]. - Current liabilities totaled CNY 2,244,214,721.64, compared to CNY 2,007,056,496.86 in the previous period[33]. - Non-current liabilities rose to CNY 753,556,505.08 from CNY 657,258,768.48, indicating an increase in long-term financial commitments[33]. - Total current assets reached ¥2.25 billion, compared to ¥1.91 billion at the end of 2020, reflecting a growth of about 17.7%[31]. Shareholder Information - The net assets attributable to shareholders at the end of the reporting period were ¥1,688,325,205.26, up 1.55% from ¥1,662,637,041.94 at the end of the previous year[7]. - The company had a total of 36,305 common shareholders at the end of the reporting period[11]. - The largest shareholder, Jiangsu Baoyuan Investment Management Co., Ltd., held 27.00% of the shares, amounting to 162,558,291 shares, with 80,157,517 shares pledged[11]. - The company has committed to a cash dividend policy, aiming to distribute at least 10% of the distributable profits in cash when profitable[20]. Operational Highlights - The company achieved operating revenue of 834.59 million yuan, an increase of 76.31% year-on-year, driven by a 32.85% growth in total product sales and an increase in sales prices[15]. - Operating costs for the period were 710.93 million yuan, an increase of 94.97% year-on-year, attributed to a 32.85% increase in total product sales and rising sales costs, along with increased export shipping costs[15]. - Research and development expenses increased by 44.75% year-on-year to 19.59 million yuan, reflecting increased spending on R&D projects and materials[15]. - Financial expenses rose by 72.68% year-on-year to 20.79 million yuan, primarily due to interest expenses related to the operation of Taixing Chemical Company[15]. Investment and Financing Activities - The company initiated a non-public offering of shares to raise funds for a project with an investment total of 508.87 million yuan, which was approved by the China Securities Regulatory Commission[17]. - Cash inflow from financing activities was CNY 816,209,725.71, up from CNY 443,206,993.18 in the previous period, reflecting improved financing conditions[50]. - The net cash flow from financing activities was CNY 370,769,676.06, compared to CNY 210,042,778.93 in the previous period, indicating stronger financing performance[50]. Compliance and Governance - The company has no reported securities or derivative investments during the reporting period[21][22]. - There are no reported violations regarding external guarantees during the reporting period[26]. - The company has maintained a commitment to not engage in competitive businesses with its subsidiaries[20]. - The company has conducted investor relations activities to discuss its operational status and future development plans[27].