浙江众成(002522) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was ¥380,213,055.08, representing a 49.87% increase compared to ¥253,699,221.63 in the same period last year[8]. - Net profit attributable to shareholders was ¥38,166,320.62, a significant increase of 98.14% from ¥19,262,467.23 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was ¥37,707,644.26, up 135.15% from ¥16,035,406.47 in the previous year[8]. - The company's operating revenue increased by 49.87% compared to the same period last year, with operating profit and net profit attributable to shareholders growing by 241.2% and 98.14% respectively[19]. - The company achieved a net profit margin of 3.76% in Q1 2021, with a net profit of 101.9 million[33]. - The company reported a total comprehensive income of CNY 41,822,178.68 for the quarter, compared to CNY 30,501,125.68 in the previous year, indicating a 37.2% increase[60]. Cash Flow and Assets - The net cash flow from operating activities was ¥46,442,890.36, a turnaround from a negative cash flow of -¥29,586,172.18 in the same period last year, marking a 256.97% improvement[8]. - The company's cash flow from operating activities decreased by 256.97% year-on-year, primarily because the revenue growth rate exceeded the growth rate of operating costs[23]. - The total assets at the end of the reporting period were ¥3,397,706,259.36, a 1.84% increase from ¥3,336,337,027.00 at the end of the previous year[8]. - The company's current assets totaled CNY 1,785,438,237.23, compared to CNY 1,706,508,293.71 at the end of 2020, indicating an increase of about 4.6%[44]. - The cash and cash equivalents decreased to CNY 636,886,789.13 from CNY 690,689,253.81, representing a decline of approximately 7.8%[43]. - The total liabilities of the company were CNY 1,358,454,951.15, slightly up from CNY 1,329,738,012.16, reflecting an increase of about 2.0%[46]. Shareholder Information - The total number of shareholders at the end of the reporting period was 33,897, with the largest shareholder holding 32.95% of the shares[12]. - The total equity attributable to shareholders of the parent company increased to CNY 1,962,103,702.77 from CNY 1,923,043,041.87 at the end of 2020[50]. Research and Development - The company's research and development expenses increased by 41.79% year-on-year, primarily due to increased project R&D costs[21]. - Research and development expenses for Q1 2021 were CNY 13,581,582.22, up 42.1% from CNY 9,578,874.10 in Q1 2020, reflecting a commitment to innovation[56]. - The company is investing in R&D for new packaging technologies, with a budget allocation of 2,000 million for innovation in 2021[34]. Future Outlook and Strategic Initiatives - Future outlook includes a projected revenue growth of 2.10% for the upcoming quarter, driven by new product launches and market expansion strategies[33]. - The company plans to establish a new project for a production line with an annual capacity of 30,000 tons of new polyethylene shrink film, funded by remaining raised funds and self-raised funds[28]. - Market expansion efforts are focused on increasing presence in the Southeast Asian region, targeting a 35.48% increase in market share by the end of 2021[34]. - The company plans to pursue strategic acquisitions to enhance its product offerings, with a budget of 2,500 million earmarked for potential mergers and acquisitions[34]. Financial Stability and Debt Management - The company's short-term borrowings decreased by CNY 47.94 million, a decline of 6.83%, due to reduced short-term borrowings by subsidiaries[17]. - The company's long-term borrowings increased by CNY 176.90 million, mainly due to the renewal of project loans by financial institutions[18]. - The total liabilities decreased to CNY 214,691,078.26 from CNY 232,510,200.82 at the end of 2020, indicating improved financial stability[52]. Miscellaneous - The company has adopted the new leasing standards effective from January 1, 2021, which will not have a significant impact on its financial position, operating results, and cash flows[78]. - The first quarter report for 2021 was not audited, indicating that the figures presented are preliminary[79].