海象新材(003011) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was ¥362,606,849.33, representing a 61.75% increase compared to ¥224,174,660.42 in the same period last year[8] - Net profit attributable to shareholders decreased by 18.77% to ¥25,568,750.42 from ¥31,478,673.68 year-on-year[8] - The net profit after deducting non-recurring gains and losses fell by 26.19% to ¥24,268,599.42 compared to ¥32,878,160.58 in the previous year[8] - Basic and diluted earnings per share decreased by 38.60% to ¥0.35 from ¥0.57 year-on-year[8] - Total operating revenue for Q1 2021 reached ¥362,606,849.33, a significant increase of 62% compared to ¥224,174,660.42 in the same period last year[41] - Net profit for Q1 2021 was ¥25,568,750.42, a decrease of 18.5% from ¥31,478,673.68 in Q1 2020[43] Cash Flow - The net cash flow from operating activities was negative at -¥99,833,686.22, a decline of 510.80% from ¥24,302,152.93 in the same period last year[8] - Cash received from operating activities decreased by 77.15% to ¥2,795,337.39, mainly due to reduced recovery of deposits and guarantees[16] - The cash flow from operating activities showed a net outflow of CNY 99,833,686.22, contrasting with a net inflow of CNY 24,302,152.93 in the previous year[51] - The cash flow from investing activities resulted in a net outflow of CNY 57,869,178.93, compared to a net outflow of CNY 45,608,563.78 in the same period last year[52] - The cash flow from financing activities generated a net inflow of CNY 149,391,559.59, significantly higher than the previous year's net inflow of CNY 12,509,694.57[52] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,951,330,397.02, an increase of 11.99% from ¥1,742,467,891.34 at the end of the previous year[8] - Total current assets as of March 31, 2021, amounted to CNY 1,225,559,055.86, an increase from CNY 1,094,198,052.27 as of December 31, 2020, representing an increase of approximately 12%[33] - Total liabilities as of March 31, 2021, were CNY 713,063,739.62, up from CNY 531,981,650.09, marking an increase of around 33.9%[35] - Total liabilities rose to ¥537,299,392.24, up from ¥456,398,450.70, indicating an increase of 17.7%[39] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,895[12] - Net assets attributable to shareholders increased by 2.29% to ¥1,238,266,657.40 from ¥1,210,486,241.25 at the end of the previous year[8] Research and Development - Research and development expenses increased by 50.58% to ¥10,275,511.88, reflecting a commitment to increased R&D investment[16] - The company reported a decrease in research and development expenses to ¥10,275,511.88 from ¥6,824,024.58, reflecting a 50.5% increase year-over-year[42] Investment Activities - The company has committed a total investment of RMB 47,456.82 million for the annual production of 20 million square meters of PVC flooring, with RMB 3,377.63 million invested in the current reporting period, representing 21.77% of the total investment[24] - The company has not yet commenced the investment for the research and development project with a commitment of RMB 5,988.72 million, with no funds utilized to date[24] Tax and Other Expenses - Tax payable increased by 378.97% to ¥7,179,813.24, resulting from higher sales and increased VAT payable[16] - The company reported a decrease in tax expenses, with CNY -103,303.92 compared to CNY 2,645,861.44 in the previous year[47] Financial Derivatives and Risk Management - The company plans to conduct financial derivative transactions not exceeding USD 50 million, with the authorization valid for 12 months from the shareholders' meeting approval[22] - The company aims to mitigate foreign exchange and interest rate risks through financial derivative transactions, which will not affect the normal operation of its funds[22] Other Financial Information - The company reported non-recurring gains of ¥1,300,151.00 during the reporting period[9] - The company has not reported any significant changes in accounting policies or principles regarding derivative investments compared to the previous reporting period[22] - The first quarter report was not audited, which may affect the reliability of the financial data presented[58]