宏达新材(002211) - 2021 Q1 - 季度财报

Revenue and Profitability - Revenue for Q1 2021 was CNY 120,733,757.41, representing a 25.80% increase compared to CNY 95,970,546.13 in the same period last year[8] - Net profit attributable to shareholders was CNY -4,873,940.08, a decrease of 59.80% from CNY -3,050,034.52 year-over-year[8] - Basic and diluted earnings per share were both CNY -0.0113, down 59.80% from CNY -0.0071 in the same period last year[8] - Operating revenue for Q1 2021 was ¥120.73 million, a 25.80% increase compared to Q1 2020, due to reduced pandemic impact[16] - Operating profit for Q1 2021 was a loss of CNY 5,204,377.36, compared to a loss of CNY 3,056,630.12 in the same period last year, reflecting a 70.4% increase in operating losses[41] - Total comprehensive income for Q1 2021 was a loss of CNY 4,873,940.08, compared to a loss of CNY 3,050,034.52 in Q1 2020, indicating a decline in overall financial health[42] Cash Flow and Liquidity - Net cash flow from operating activities improved to CNY -78,291,979.13, a 68.09% increase compared to CNY -245,350,181.79 in the previous year[8] - Cash inflow from operating activities increased by 10.82% to ¥149.24 million, driven by the recovery of sales payments[17] - Cash outflow from operating activities decreased by 40.13% to ¥227.53 million, due to prior year payments for material procurement[17] - The company reported a total cash outflow from operating activities of 227,531,803.83 CNY, compared to 380,024,778.16 CNY in the previous period[49] - The ending balance of cash and cash equivalents was 49,876,919.58 CNY, down from 60,041,264.36 CNY in the previous period[50] - The net increase in cash and cash equivalents was -86,068,297.93 CNY, contrasting with an increase of 16,810,881.38 CNY in the previous period[50] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,138,927,019.79, a slight increase of 0.27% from CNY 1,135,832,515.29 at the end of the previous year[8] - Current assets totaled ¥837,588,033.96 as of March 31, 2021, slightly up from ¥830,690,503.56 at the end of 2020[32] - Total liabilities amounted to ¥384,682,402.78, an increase from ¥376,713,958.20 at the end of 2020[33] - The company’s total equity attributable to shareholders was ¥754,244,617.01, down from ¥759,118,557.09 at the end of 2020[34] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 36,167[12] - The largest shareholder, Shanghai Hongzi Enterprise Development Co., Ltd., holds 28.23% of the shares, totaling 122,100,000 shares[12] Operational Performance - Operating costs increased by 27.84% to ¥111.17 million, reflecting the rise in operating revenue[16] - Total operating costs for Q1 2021 were CNY 128,894,716.74, an increase of 26.7% compared to CNY 101,662,616.62 in Q1 2020[40] - Financial expenses surged by 841.18% to ¥1.19 million due to increased borrowing interest[16] - Research and development expenses for Q1 2021 were CNY 6,204,300.57, slightly up from CNY 6,194,524.48 in Q1 2020, indicating continued investment in innovation[40] Government Support and Other Income - The company received government subsidies amounting to CNY 1,166,011.34 during the reporting period[9] - Other income rose by 737.64% to ¥1.17 million, attributed to government subsidies received by subsidiaries[16] - Other income for Q1 2021 was CNY 1,166,011.34, significantly higher than CNY 139,202.51 in Q1 2020, indicating improved ancillary revenue streams[40] Inventory and Receivables - Inventory rose by 27.27% to ¥407.84 million, impacted by delayed order implementation and revenue recognition[16] - Accounts receivable notes increased by 857.66% to ¥8.04 million as a result of increased sales receipts[16] - Accounts receivable decreased to ¥153,344,041.19 from ¥169,553,094.41, a reduction of 9.5%[31]