龙星化工(002442) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 reached ¥820,419,968.84, representing a 74.04% increase compared to ¥471,393,619.53 in the same period last year[8] - Net profit attributable to shareholders was ¥80,059,480.55, a significant increase of 6,290.75% from ¥1,252,739.32 year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥81,062,956.73, up 7,619.39% from ¥1,050,121.22 in the previous year[8] - Basic earnings per share rose to ¥0.1668, reflecting a 6,315.38% increase from ¥0.0026 in the previous year[8] - Operating revenue grew by 74.04% year-on-year, driven by a booming market and increased sales prices[19] - Net profit surged by 6290.75% compared to the previous period, primarily due to a significant increase in total profit[19] - Total operating revenue for Q1 2021 reached ¥820,419,968.84, a significant increase of 74% compared to ¥471,393,619.53 in the same period last year[40] - Net profit for Q1 2021 was ¥80,059,480.55, compared to ¥1,252,739.32 in Q1 2020, indicating a substantial growth[42] Cash Flow and Liquidity - The net cash flow from operating activities improved to ¥11,952,706.49, a turnaround from a negative cash flow of -¥83,385,391.75 in the same period last year, marking a 114.33% increase[8] - Cash flow from operating activities increased by 114.33% year-on-year, attributed to reduced cash outflows for purchases and increased cash inflows from sales[19] - Cash and cash equivalents decreased by 48.76% year-on-year, primarily due to increased repayments of bank loans[19] - Cash flow from operating activities generated a net inflow of CNY 11,952,706.49, a turnaround from a net outflow of CNY 83,385,391.75 in the prior year[50] - The company reported a net increase in cash and cash equivalents of 28,157,603.71, contrasting with a decrease of -57,421,171.67 in the previous year[54] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,642,570,632.73, an increase of 4.99% from ¥2,517,077,655.44 at the end of the previous year[8] - The company's current assets totaled CNY 1,560,950,068.30, up from CNY 1,409,204,768.85 at the end of 2020, indicating an increase of about 10.76%[32] - Total liabilities as of March 31, 2021, were CNY 1,247,864,697.42, compared to CNY 1,202,423,379.36 at the end of 2020, showing an increase of approximately 3.77%[34] - The company's total liabilities decreased by 39.91% for non-current liabilities due within one year, as long-term borrowings due were not exceeding one year[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 29,521[11] - The top shareholder, Liu Jiangshan, holds 20.40% of the shares, amounting to 97,897,902 shares[11] - Net assets attributable to shareholders increased to ¥1,394,705,935.31, up 6.09% from ¥1,314,654,276.08 at the end of the previous year[8] - The company's equity attributable to shareholders reached CNY 1,394,705,935.31, up from CNY 1,314,654,276.08, reflecting a growth of about 6.09%[35] Research and Development - Research and development expenses rose by 39.17% year-on-year, reflecting increased investment in R&D[19] - Research and development expenses for Q1 2021 were ¥5,017,551.16, compared to ¥3,605,326.93 in Q1 2020, marking an increase of approximately 39%[41] Tax and Other Financial Obligations - The company reported a 462.96% increase in tax payments, reflecting higher tax obligations due to increased revenue[19] - The company reported no overdue commitments from controlling shareholders or related parties during the reporting period[22] - There were no significant contracts or external guarantees reported during the period[26][27] Other Financial Metrics - The weighted average return on equity was 5.91%, a significant increase from 0.10% in the same period last year[8] - The company incurred a credit impairment loss of ¥5,039,364.38 during the quarter[46] - Other comprehensive income after tax for Q1 2021 was ¥253.66, compared to a loss of ¥25.16 in the same period last year[42]