康达新材(002669) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was CNY 386,637,642.50, representing a 79.82% increase compared to CNY 215,015,743.59 in the same period last year[8] - Net profit attributable to shareholders was CNY 30,221,561.79, up 36.86% from CNY 22,081,838.27 year-on-year[8] - The net profit after deducting non-recurring gains and losses was CNY 23,618,768.48, reflecting a 19.24% increase from CNY 19,807,905.39 in the previous year[8] - Basic earnings per share increased to CNY 0.120, a rise of 37.93% from CNY 0.087 in the same quarter last year[8] - The company's operating revenue for the reporting period was CNY 386,637,642.50, representing a 79.82% increase compared to CNY 215,015,743.59 in the same period last year[17] - The company's net profit for the reporting period was impacted by a significant increase in operating costs, which rose by 103.51% to CNY 290,599,889.74 due to higher sales and increased raw material and labor costs[17] - Total operating revenue for Q1 2021 was CNY 386,637,642.50, an increase of 79.9% compared to CNY 215,015,743.59 in the same period last year[42] - Net profit for Q1 2021 reached CNY 29,931,174.84, representing a 36.5% increase from CNY 22,018,675.61 in Q1 2020[44] - Earnings per share for Q1 2021 were CNY 0.120, compared to CNY 0.087 in the same quarter last year, reflecting a growth of 37.9%[44] Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,300,069,040.25, a slight decrease of 0.80% from CNY 3,326,558,599.50 at the end of the previous year[8] - The company's current assets totaled CNY 2,118,180,054.33, down from CNY 2,176,230,698.38 at the end of 2020, reflecting a decrease of approximately 2.66%[34] - The total liabilities decreased to CNY 945,476,287.91 from CNY 976,641,339.45, a reduction of about 3.2%[36] - The company's equity attributable to shareholders rose to CNY 2,337,188,064.40 from CNY 2,334,182,185.16, showing a slight increase of approximately 0.13%[37] - Short-term borrowings increased to CNY 579,800,000.00 from CNY 513,371,758.61, reflecting an increase of about 12.9%[35] - The total cash and cash equivalents at the end of the period was 118,600,397.21 CNY, down from 314,379,728.94 CNY at the beginning of the period, reflecting a net decrease of 195,779,331.73 CNY[54] Cash Flow - The company reported a net cash flow from operating activities of CNY -32,399,406.26, which is a 6.15% decline compared to CNY -30,523,017.02 in the previous year[8] - The cash flow from operating activities showed a net outflow of CNY 32.40 million, compared to a net outflow of CNY 30.52 million in the same period last year[50] - The company reported cash inflow from operating activities of CNY 488.38 million, up from CNY 260.53 million in the previous year[49] - The net cash flow from financing activities was -58,346,921.16 CNY, compared to 8,596,396.74 CNY in the previous year, indicating a significant decrease in cash inflow[54] Investments and Expenses - The company plans to invest up to CNY 526,709,600 in a new project to produce 30,000 tons of adhesive new materials annually through its subsidiary, aiming to enhance its product structure and sustainable development[19] - The company has invested CNY 2,443,500 in the high-performance epoxy adhesive expansion project during the first quarter of 2021, with total investments reaching CNY 12,099,420[25] - Research and development expenses for Q1 2021 were CNY 18,210,497.03, up from CNY 15,572,120.02 in the same period last year, indicating a 17.0% increase[43] - The company's financial expenses surged by 206.13% to CNY 4,168,118.96, primarily due to increased interest expenses from bank loans[17] - The company incurred financial expenses of CNY 3.20 million, significantly higher than CNY 0.65 million in Q1 2020[46] Shareholder Information - The top shareholder, Tangshan Jinkong Industrial Incubator Group Co., Ltd., holds 24.99% of the shares, with 63,095,200 shares pledged[12] - The company has no reported non-operating fund occupation by controlling shareholders or related parties during the reporting period[29] - There were no violations regarding external guarantees during the reporting period[28] Other Income - The company received government subsidies amounting to CNY 6,991,164.30 during the reporting period[9] - The company's other income increased significantly by 2865.45% to CNY 6,941,045.85, mainly due to an increase in government subsidies received[17] Compliance and Standards - The company has not yet audited the first quarter report, which may affect the reliability of the financial data presented[61] - The company is implementing new leasing standards, which has resulted in adjustments to the financial statements[55]