永兴材料(002756) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥1,354,267,795.55, representing a 47.38% increase compared to ¥918,920,579.13 in the same period last year[3] - The net profit attributable to shareholders for Q1 2021 was ¥124,113,903.15, a 67.57% increase from ¥74,065,140.39 in the previous year[3] - Basic earnings per share increased to ¥0.31, up 47.62% from ¥0.21 in the same period last year[3] - Total operating revenue for Q1 2021 reached ¥1,354,267,795.55, a significant increase of 47.4% compared to ¥918,920,579.13 in the same period last year[33] - Net profit for Q1 2021 was ¥124,419,638.32, representing a 68.7% increase from ¥73,766,581.37 in Q1 2020[34] - The total comprehensive income for Q1 2021 was ¥124,485,935.51, compared to ¥73,922,287.51 in the previous year, indicating a growth of 68.3%[34] - Operating profit for Q1 2021 was ¥142,312,861.77, an increase of 50.8% from ¥94,364,538.20 in Q1 2020[33] - The company reported a profit margin of approximately 9.2% for Q1 2021, compared to 8.0% in Q1 2020[34] Assets and Liabilities - The total assets at the end of the reporting period were ¥5,580,876,178.90, reflecting a 4.09% increase from ¥5,361,512,338.96 at the end of the previous year[3] - The net assets attributable to shareholders increased by 7.45% to ¥4,327,905,846.77 from ¥4,027,802,074.28 at the end of the previous year[3] - The company's total liabilities decreased to CNY 827,927,847.08 from CNY 979,567,332.50, representing a reduction of about 15.5%[31] - The total equity attributable to shareholders increased to CNY 4,373,717,109.47, up from CNY 4,116,128,857.20, indicating a growth of approximately 6.3%[31] Cash Flow - The company reported a significant decrease in net cash flow from operating activities, with a net outflow of ¥207,690,807.72 compared to a net inflow of ¥6,332,028.05 in the same period last year, marking a decline of 3,380.00%[3] - The total cash inflow from operating activities is 1,098,215,458.18, up from 865,914,287.63, indicating a growth of about 27%[38] - The cash outflow from operating activities is 1,305,906,265.90, compared to 859,582,259.58, resulting in a net cash flow from operating activities of -207,690,807.72, a decline from 6,332,028.05 in the previous period[38] - The ending balance of cash and cash equivalents is 1,486,802,441.39, compared to 773,363,981.28, which is an increase of approximately 92%[39] Investments and Projects - Investment in a 2GWh/a ultra-wide temperature range lithium-ion battery project with a total investment of approximately ¥1 billion[12] - Construction of a 20,000-ton battery-grade lithium carbonate project is underway, with preliminary work completed[14] - The company is actively investing in lithium battery projects, focusing on product specifics and application areas[24] Shareholder Information - The top shareholder, Gao Xingjiang, holds 38.49% of the shares, with a total of 156,234,300 shares[6] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[8] Research and Development - Research and development expenses increased by 37.68% to ¥43.54 million, reflecting a recovery from pandemic-related reductions[10] - R&D expenses increased to ¥43,543,875.85, a rise of 37.7% compared to ¥31,627,352.53 in the previous year[33] Other Financial Metrics - The company received government subsidies amounting to ¥43,338,464.03, primarily related to recycling of renewable resources[4] - The company reported a net profit of 1,022.12 million RMB from the raised funds during the first quarter of 2021, with a remaining balance of 11,443.17 million RMB as of March 31, 2021[21] - The company engaged in derivative investments, including forward foreign exchange contracts, with a total initial investment amount of USD 694.00 million and EUR 455.00 million, resulting in a total actual profit of 163.68 million RMB during the reporting period[19] Accounting and Compliance - There were no non-recurring gains or losses classified as regular gains or losses during the reporting period[5] - The company has no significant changes in accounting policies or principles regarding derivative investments compared to the previous reporting period[20] - The company has no violations regarding external guarantees during the reporting period[23] - The Q1 2021 report was not audited[42]