泰和新材(002254) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥954,674,161.32, representing a 95.24% increase compared to ¥488,784,349.58 in the same period last year[7] - Net profit attributable to shareholders was ¥177,012,340.06, a significant increase of 238.47% from ¥52,628,901.71 in the previous year[7] - Basic and diluted earnings per share were both ¥0.26, up 188.89% from ¥0.09 in the previous year[7] - Net profit attributable to shareholders increased by 238.47% year-on-year, driven by higher sales volume and prices of spandex[20] - The total profit for the current period was ¥124,429,441.19, compared to ¥64,083,960.72 in the previous period, indicating an increase of approximately 94%[68] - The company's operating profit for the current period was ¥122,483,289.64, significantly higher than ¥63,712,330.72 in the previous period, marking an increase of about 92%[68] Cash Flow - The net cash flow from operating activities reached ¥420,884,112.99, marking a dramatic increase of 3,034.55% compared to ¥12,826,184.80 in the same period last year[7] - Cash flow from operating activities generated a net amount of ¥420,884,112.99, a substantial rise from ¥13,427,270.48 in the previous period[73] - The company received cash from other operating activities amounting to ¥223,909,465.39, a notable increase from ¥36,742,056.10 in the previous period[69] - Cash inflow from borrowing was $284.7 million, compared to $236.0 million in the previous period, reflecting increased financing activities[79] - The net cash increase for the period was $106.4 million, a significant rise from $3.3 million in the previous period[79] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,970,725,105.44, an increase of 11.83% from ¥6,233,571,318.83 at the end of the previous year[7] - The total liabilities amounted to CNY 2,837,758,298.65, up from CNY 2,327,314,036.70, reflecting an increase of about 21.93%[40] - Current liabilities rose to CNY 1,796,653,558.80, compared to CNY 1,418,030,844.58, marking an increase of approximately 26.66%[40] - Long-term borrowings increased to CNY 931,195,268.67 from CNY 805,218,607.79, showing a growth of around 15.63%[40] - The company's total liabilities increased to ¥1,551,284,529.63 from ¥1,203,475,628.41, marking a rise of 28.9%[50] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,332[11] - Major shareholders included Yantai Guofeng Investment Holding Group Co., Ltd. with an 18.55% stake and Yantai Yutai Investment Co., Ltd. with a 17.47% stake[11] - The total equity attributable to shareholders reached CNY 3,641,261,174.16, compared to CNY 3,464,028,658.59, indicating a growth of about 5.11%[43] Research and Development - Research and development expenses surged by 125.13% year-on-year, reflecting increased R&D activities and investments[20] - Research and development expenses for the current period were ¥33,972,656.69, which is a 125.0% increase from ¥15,090,105.79 in the previous period[55] Government Subsidies - The company received government subsidies amounting to ¥3,581,299.86 during the reporting period[10] Accounting and Reporting - The first quarter report was not audited, which may affect the reliability of the financial data presented[82] - The company did not apply the new leasing standards for the financial statements, indicating a stable accounting approach[80] - The company has not made any retrospective adjustments for prior comparative data under the new leasing standards, maintaining consistency in reporting[81]