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 rose to CNY 0.120, a 37.93% increase from CNY 0.087 in the same quarter last year[8] - The company reported a significant increase in trading financial assets, rising to CNY 190,000,000.00 from CNY 120,000,000.00, which is a growth of 58.33%[34] - The company's net profit from financing activities increased by 84.66% to ¥13,710,005.52, primarily due to an increase in short-term bank loans[18] - The 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] - The total profit for Q1 2021 was ¥16,745,954.75, down 54.0% from ¥36,488,405.91 in the previous period[46] 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 total assets decreased to CNY 3,070,294,675.87 from CNY 3,147,540,756.23, a decline of 2.5%[40] - The total liabilities decreased to CNY 945,499,987.91 from CNY 976,665,039.45, indicating a reduction of about 3.2%[36] - The total liabilities decreased to CNY 829,096,561.62 from CNY 893,735,653.93, a reduction of 7.3%[40] - The company's current assets decreased to CNY 2,118,180,054.33 from CNY 2,176,230,698.38 at the end of 2020, reflecting a decline of approximately 2.67%[34] - The total owner's equity as of January 1, 2021, was 2,349,917,260.05 CNY, showing a slight adjustment from the previous reporting period[58] 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] - Cash inflow from operating activities totaled ¥488,383,554.56, an increase of 87.3% from ¥260,528,039.32 in the previous period[49] - The cash flow from operating activities showed a net outflow of ¥32,399,406.26, compared to a net outflow of ¥30,523,017.02 in the previous year[50] - The net cash flow from financing activities was ¥13,710,005.52, an increase from ¥7,424,558.76 in the previous period[51] - The total cash and cash equivalents at the end of Q1 2021 were 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] Shareholder Information - The top shareholder, Tangshan Jin Kong Industrial Incubator Group Co., Ltd., holds 24.99% of the shares, totaling 63,095,200 shares[12] - The total number of ordinary shareholders at the end of the reporting period was 24,214[12] Government Subsidies - The company received government subsidies amounting to CNY 6,991,164.30 during the reporting period[9] - The company received government subsidies, leading to a significant increase in non-operating income by 2865.45% to ¥6,941,045.85[17] Investment and Projects - The total investment for the new adhesive materials project is expected to be no more than ¥526,709,600, aimed at enhancing the company's product structure and sustainable development[19] - The company has invested a total of ¥12,099,420.00 in the high-performance epoxy adhesive expansion project as of March 2021[25] - The company has committed ¥19,000,000.00 in entrusted wealth management, with no overdue amounts[27] Operational Costs - The company's sales costs surged by 103.51% to ¥290,599,889.74, driven by increased sales and rising raw material and labor costs[17] - The total operating costs for Q1 2021 were CNY 361,264,600.72, up 88.0% from CNY 192,313,874.22 year-over-year[43] Research and Development - Research and development expenses for Q1 2021 were CNY 18,210,497.03, an increase of 16.7% compared to CNY 15,572,120.02 in Q1 2020[43] - Research and development expenses increased to ¥10,513,438.50, up 36.5% from ¥7,720,903.99 in the previous year[46] Compliance and Governance - The company has no reported non-operating fund occupation by controlling shareholders or related parties during the reporting period[29] - The company has no reported violations regarding external guarantees during the reporting period[28] - The company has not undergone an audit for the Q1 2021 report, indicating that the figures are unaudited[61] - The company has implemented new leasing standards starting from 2021, which required adjustments to the financial statements[55]