禾盛新材(002290) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was CNY 516,448,465.93, representing a 60.98% increase compared to CNY 320,813,999.54 in the same period last year[7] - Net profit attributable to shareholders was CNY 34,767,045.59, a significant increase of 268.40% from CNY 9,437,328.83 year-on-year[7] - The net profit after deducting non-recurring gains and losses was CNY 34,336,364.24, up 311.58% from CNY 8,342,504.17 in the previous year[7] - The basic earnings per share increased to CNY 0.14, a rise of 250.00% compared to CNY 0.04 in the same quarter last year[7] - Operating revenue increased by 60.98% to CNY 516,448,465.93 compared to CNY 320,813,999.54 in the same period last year[1] - Net profit surged by 268.40% to CNY 34,767,045.59 from CNY 9,437,328.83 year-on-year[1] - The total profit for the first quarter was CNY 42,226,933.14, up from CNY 13,440,636.26 year-over-year[41] - Basic and diluted earnings per share for the first quarter were both CNY 0.14, compared to CNY 0.04 in the previous year[42] Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,549,883,007.59, reflecting a 7.03% increase from CNY 1,448,142,513.88 at the end of the previous year[7] - The total liabilities increased to CNY 629,658,585.33 from CNY 613,428,192.90, indicating a rise in financial obligations[37] - The equity attributable to shareholders was CNY 170,430,676.42, down from CNY 179,699,479.71, showing a decrease in shareholder value[37] - The company reported a net loss of CNY 1,241,355,296.35 in retained earnings, worsening from a loss of CNY 1,232,086,493.06[37] - The total assets were reported at 1,448,142,513.88 yuan, with total equity of 441,173,386.92 yuan[57] - The total liabilities amounted to 1,006,969,126.96 yuan, with current liabilities accounting for 1,001,520,970.03 yuan[56] Cash Flow - The net cash flow from operating activities was negative CNY 28,411,949.05, a decrease of 133.10% from CNY 85,836,446.41 in the previous year[7] - Cash flow from operating activities showed a significant decline of 133.10%, resulting in a net outflow of CNY 28,411,949.05[1] - The cash flow from operating activities showed a net outflow of CNY -28,411,949.05, compared to a net inflow of CNY 85,836,446.41 in the previous year[49] - The total cash inflow from financing activities was 40,000,000.00 yuan, with cash outflow for debt repayment amounting to 40,000,000.00 yuan, resulting in a net cash flow from financing activities of -7,846,262.50 yuan[53] - The total cash and cash equivalents at the end of the period were 146,475,686.25 yuan, down from 276,626,050.14 yuan at the end of the previous period, reflecting a decrease of 47%[50] Investment and Expenses - Research and development expenses rose by 31.07% to CNY 14,267,453.46, reflecting increased investment in innovation[1] - Financial expenses decreased by 31.81% to CNY 7,286,947.74, attributed to a reduction in short-term borrowings[1] - The company invested 8,850,541.54 yuan in fixed assets and intangible assets, up from 2,500,800.00 yuan in the previous period, representing a significant increase of 254%[50] - The cash flow from investment activities was -8,822,977.54 yuan, compared to -2,500,800.00 yuan in the previous period, indicating a worsening of 253.3%[50] Shareholder Information - The company reported a total of 11,867 common shareholders at the end of the reporting period[11] - The largest shareholder, Shenzhen Zhongke Chuang Asset Management Co., Ltd., held 32.00% of the shares, totaling 77,667,917 shares[11] Future Outlook - The company expects a net profit of CNY 5,900,000 for the first half of the year, representing a 113.58% increase compared to the previous year[22]