龙泉股份(002671) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥172,680,739.43, representing a 255.43% increase compared to ¥48,584,266.61 in the same period last year[8] - The net profit attributable to shareholders was ¥2,267,053.27, a significant turnaround from a loss of ¥49,467,818.47 in the previous year, marking a 104.58% improvement[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,502,560.50, compared to a loss of ¥49,473,636.98 last year, reflecting a 103.04% increase[8] - The company's operating revenue increased by 255.43% compared to the same period last year, while operating costs rose by 208.72%, primarily due to increased sales[18] - The net profit for Q1 2021 was CNY 596,874.55, compared to a net loss of CNY 50,351,032.99 in the same period last year[42] - The total profit for Q1 2021 was CNY 308,389.67, a significant recovery from a loss of CNY 59,737,195.47 in the same period last year[42] - The company reported a basic and diluted earnings per share of CNY 0.004, recovering from a loss of CNY 0.10 in the previous year[43] - The gross profit margin improved, with a gross profit of CNY 17,388,754.22, compared to a gross loss in the previous period[45] Cash Flow and Liquidity - The company's cash flow from operating activities showed a net outflow of ¥140,613,857.72, which is a 25.43% increase in outflow compared to ¥112,101,273.59 in the previous year[8] - The company's cash and cash equivalents decreased from ¥376,177,607.10 to ¥269,300,711.45, a decline of approximately 28.4%[32] - The net cash flow from operating activities was negative CNY 140,613,857.72, worsening from negative CNY 112,101,273.59 in the prior period[50] - The net increase in cash and cash equivalents was negative CNY 148,084,541.65, compared to negative CNY 97,723,023.04 previously, indicating a decline in liquidity[51] - The ending balance of cash and cash equivalents was CNY 104,368,125.57, down from CNY 134,783,705.30, a decrease of about 22%[51] - Cash inflow from financing activities totaled CNY 125,653,500.00, compared to CNY 83,627,500.00, reflecting an increase of approximately 50%[51] - Cash outflow for debt repayment was CNY 104,000,000.00, significantly higher than CNY 40,000,000.00 in the previous period[51] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,025,841,749.65, a decrease of 2.24% from ¥3,095,185,184.22 at the end of the previous year[8] - Total liabilities increased to CNY 1,210,728,331.33 from CNY 1,148,352,238.47, indicating a rise in financial obligations[38] - Current liabilities totaled CNY 1,207,513,522.44, compared to CNY 1,145,026,383.62 in the previous period, reflecting a growth in short-term financial commitments[38] - The company's total equity stood at CNY 2,139,988,668.03, slightly down from CNY 2,142,068,562.13, reflecting changes in retained earnings[38] - Total liabilities amounted to CNY 903,749,124.61, with current liabilities totaling CNY 885,216,841.92[58] - The total equity attributable to shareholders reached CNY 2,184,835,659.06, while total equity was CNY 2,191,436,059.61[58] Investments and Expenses - Research and development expenses grew by 50.17% year-on-year, reflecting increased investment in R&D[18] - Research and development expenses increased to CNY 2,612,110.59 from CNY 1,739,480.90 year-over-year, indicating a focus on innovation[41] - The company reported a decrease in employee compensation payable to CNY 17,880,015.12 from CNY 26,310,115.69, indicating potential cost management efforts[34] - The financial expenses for Q1 2021 were CNY 6,510,146.88, slightly down from CNY 6,793,691.73 in the previous period[41] - The company experienced a decrease in management expenses to CNY 40,287,980.97 from CNY 51,795,712.15 year-over-year, reflecting cost control measures[41] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 22,925[11] - The number of restricted stock grants to 65 incentive objects totaled 11.07 million shares, with the listing date set for February 5, 2021[17] - Minority interests increased by 127.24% compared to the beginning of the period, mainly due to changes in the shareholding ratio of minority shareholders[18] Other Financial Metrics - The weighted average return on net assets was 0.10%, an increase of 2.95% from -2.85% in the same period last year[8] - The company reported a 100% reduction in credit impairment losses compared to the previous year, attributed to increased recoveries of prior receivables[18] - Deferred tax assets increased to CNY 92,832,045.59 from CNY 88,433,338.83, suggesting a favorable tax position[35] - The report for the first quarter of 2021 was not audited, which may affect the reliability of the financial data presented[63]