兴森科技(002436) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was CNY 1,070,932,287.48, representing a 24.40% increase compared to CNY 860,866,476.10 in the same period last year[4]. - Net profit attributable to shareholders was CNY 101,414,455.29, a significant increase of 158.76% from CNY 39,192,890.95 year-over-year[4]. - The net profit after deducting non-recurring gains and losses was CNY 109,528,798.15, up 215.06% from CNY 34,764,111.88 in the previous year[4]. - The basic earnings per share increased to CNY 0.07, reflecting a growth of 133.33% compared to CNY 0.03 in the same quarter last year[4]. - The company reported a total comprehensive income of ¥96,998,962.40 for Q1 2021, up from ¥52,981,419.97 in Q1 2020, reflecting an increase of 83.3%[34]. - Net profit for Q1 2021 was ¥105,258,382.35, up 108.5% from ¥50,451,921.93 in Q1 2020[33]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 6,638,531,901.61, a 7.70% increase from CNY 6,163,815,892.00 at the end of the previous year[4]. - Total non-current assets reached CNY 3,326,627,719.15, a slight increase of 1.25% from CNY 3,285,562,127.50[26]. - Total liabilities increased to CNY 3,105,551,311.98, up 20.19% from CNY 2,585,089,736.80[27]. - The company's total equity attributable to shareholders of the parent company decreased to CNY 3,243,472,191.55 from CNY 3,289,281,863.27, a decline of 1.39%[27]. - The company's total assets increased to ¥3,841,267,311.59, compared to ¥3,600,373,736.76 at the end of the previous period, reflecting a growth of 6.7%[31]. - Total liabilities rose to ¥2,002,807,736.28, an increase of 20.5% from ¥1,661,621,343.09 in the previous period[31]. Cash Flow - The net cash flow from operating activities was CNY 57,549,303.58, down 63.56% from CNY 157,920,245.83 in the same period last year[4]. - Cash and cash equivalents increased to CNY 1,020,380,013.67, up 18.63% from CNY 860,131,044.59[25]. - The total cash inflow from financing activities was ¥705,765,297.81, significantly higher than ¥371,760,950.00 in the previous period, indicating increased financing efforts[37]. - The net cash flow from operating activities for the current period is ¥181,677,613.46, compared to a negative cash flow of ¥20,650,467.37 in the previous period, indicating a significant improvement[39]. Shareholder Information - The top shareholder, Qiu Xingya, holds 16.42% of the shares, with a total of 244,376,552 shares, of which 141,366,000 are pledged[7]. - The company approved a share repurchase plan with a minimum amount of RMB 81.5 million and a maximum of RMB 163 million, with a repurchase price not exceeding RMB 11.00 per share[15]. - As of March 26, 2021, the company repurchased a total of 14,879,000 shares, accounting for 1.00% of the total share capital, with a total payment of RMB 140.58 million[15]. Government Support and Subsidies - The company received government subsidies amounting to CNY 6,798,637.94 during the reporting period[5]. - Cash received from government subsidies increased by 181.71% to RMB 13,380,230.11[14]. Investment and Development - The company invested RMB 10.02 million in the second phase of the Guangzhou Xingsen Quick Circuit Technology Co., Ltd. project, with a cumulative investment of RMB 91.29 million, representing a progress rate of 34.76%[17]. - Research and development expenses for Q1 2021 were ¥58,399,748.86, representing an increase of 28.2% compared to ¥45,528,598.74 in Q1 2020[32]. - The company is focusing on expanding its market presence and enhancing its product development capabilities[29]. Operational Challenges - The net cash flow from operating activities was ¥57,549,303.58, down from ¥157,920,245.83 in the previous period, indicating a decrease in cash generation[37]. - The company is monitoring the impact of rising material prices on its operations[23]. - The company reported a non-operating loss of CNY 12,513,799.96 from the disposal of non-current assets[5]. Compliance and Governance - The company has no significant contracts or overdue commitments during the reporting period[19]. - The company has no securities or derivative investments during the reporting period[16]. - There are no violations regarding external guarantees during the reporting period[20]. - The company has no non-operating fund occupation by controlling shareholders or related parties[20]. - The company has not undergone an audit for the first quarter report[47].