兴业科技(002674) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was ¥275,355,337.22, representing a 111.00% increase compared to ¥130,497,695.61 in the same period last year[8] - Net profit attributable to shareholders was ¥19,998,217.65, a significant increase of 493.23% from a loss of ¥5,085,678.08 in the previous year[8] - Basic and diluted earnings per share rose to ¥0.0685, compared to a loss of ¥0.0168 per share in the previous year, marking a 507.74% increase[8] - Operating revenue rose by 111.00% to ¥275,355,337.22, driven by a recovery in market demand and increased sales volume[19] - The company reported a 380.01% increase in income tax expenses to ¥4,087,339.82, resulting from higher profits[19] - The company reported a net cash flow from operating activities of CNY 16,526,390.88, a recovery from a negative cash flow of CNY 51,631,192.96 in the previous year[61] - The total comprehensive income for Q1 2021 was CNY 19,972,045.93, compared to a loss of CNY 5,034,875.38 in the same period last year[54] - The company achieved a profit before tax of CNY 24,025,335.84, a significant recovery from a loss of CNY 6,586,139.20 in Q1 2020[53] Cash Flow and Investments - The net cash flow from operating activities improved to ¥16,526,390.88, up 132.01% from a negative cash flow of ¥51,631,192.96 in the same period last year[8] - The company's cash and cash equivalents decreased by 48.20% to ¥674,452,450.54 due to increased investments in structured deposits[17] - The company reported a net cash outflow from investing activities of ¥409,461,515.25, compared to a smaller outflow of ¥6,374,202.98 in the previous year[65] - Cash inflow from financing activities was ¥227,770.29, while cash outflow totaled ¥55,311,393.16, leading to a net cash outflow of ¥55,083,622.87[65] - The ending balance of cash and cash equivalents was ¥615,414,657.31, down from ¥765,486,039.50 in the previous year[65] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,993,209,145.05, a decrease of 3.10% from ¥3,089,073,627.58 at the end of the previous year[8] - The company's inventory increased to CNY 601,600,735.22 from CNY 511,182,809.44, reflecting an increase of approximately 17.7%[43] - The total current liabilities decreased to CNY 1,020,000,000.00 from CNY 1,100,000,000.00, showing a reduction of about 7.3%[44] - The company's accounts receivable decreased to CNY 135,636,353.07 from CNY 242,743,916.40, a decline of approximately 44.1%[43] - The company's long-term equity investments increased slightly to CNY 101,632,437.89 from CNY 100,909,676.79, an increase of about 0.7%[44] Shareholder Information - The total number of common shareholders at the end of the reporting period was 10,530[12] - The largest shareholder, Shihezi Wanxing Equity Investment Partnership, held 29.04% of the shares, amounting to 84,744,000 shares[12] Profit Distribution Policy - The company implements a stable dividend distribution policy, prioritizing cash dividends over stock dividends when conditions allow[24] - In the mature development stage without significant capital expenditure, cash dividends should account for at least 80% of profit distribution[24] - The company emphasizes the importance of reasonable returns for investors and sustainable development in its profit distribution policy[24] - The company commits to avoiding related party transactions that could harm shareholder interests[24] Research and Development - Research and development expenses for Q1 2021 were ¥6,879,753.74, slightly down from ¥7,457,750.80 in Q1 2020, indicating a focus on cost management in R&D[52] Financial Management - The company has committed to not using company assets for unrelated investments or consumption activities[26] - The company has committed to ensuring that the remuneration system is linked to the execution of its compensation measures[26] Other Financial Activities - The company reported no securities investments during the reporting period[27] - The company reported no derivative investments during the reporting period[28]