深纺织B(200045) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥552,950,209.39, representing a 43.98% increase compared to ¥384,038,897.58 in the same period last year[7] - Net profit attributable to shareholders was ¥42,776,335.85, a significant turnaround from a loss of ¥5,827,092.54, marking an increase of 843.09%[7] - The net profit after deducting non-recurring gains and losses was ¥39,905,925.26, compared to a loss of ¥9,495,160.00, reflecting a 520.28% increase[7] - Basic earnings per share rose to ¥0.0842 from a loss of ¥0.0114, an increase of 838.60%[7] - The weighted average return on equity improved to 1.53%, up from -0.21%[7] - Net profit surged by 588.55% to ¥62.10 million, attributed to sustained profitability in the polarizer business[14] - The total comprehensive income for the period was CNY 62,234,347.03, compared to a loss of CNY 11,578,179.73 in the same quarter last year, indicating a strong recovery[48] - The operating profit for the period was CNY 13,485,971.07, compared to CNY 5,123,682.97 in the same quarter last year, showing a substantial increase[50] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,094,994,895.66, a 2.52% increase from ¥4,969,547,552.23 at the end of the previous year[7] - The total amount of entrusted financial management reached CNY 843.70 million, with an unexpired balance of CNY 693.70 million[30] - The total liabilities decreased slightly from CNY 1.36 billion to CNY 1.34 billion, indicating a reduction of about 1.5%[39] - The total liabilities increased to CNY 1,133,525,232.51 in Q1 2021 from CNY 1,070,232,302.61 in Q4 2020, marking a rise of 5.5%[44] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 28,577[10] - The largest shareholder, Shenzhen Investment Holdings Co., Ltd., held 46.10% of the shares, totaling 234,069,436 shares[10] - Net assets attributable to shareholders increased by 1.55% to ¥2,809,065,407.12 from ¥2,766,234,174.39[7] - The equity attributable to shareholders of the parent company rose to CNY 2,809,065,407.12, up from CNY 2,766,234,174.39, indicating a growth of 1.5%[41] Cash Flow - The company's cash and cash equivalents decreased by 36.02% to ¥178.56 million due to investments in money market funds and the 7th line project[14] - The cash flow from operating activities showed a net outflow of CNY 75,288,004.27, an improvement from a net outflow of CNY 84,585,231.55 in the same period last year[54] - The net cash flow from operating activities for the first quarter was ¥19,836,621.71, a significant improvement compared to the previous year's net cash flow of -¥16,513,468.33[57] - The net cash flow from investing activities was -¥122,187,005.10, a decline from the previous year's positive cash flow of ¥10,246,986.67[57] - The total cash and cash equivalents decreased by ¥102,430,316.89 during the quarter[58] Investments and Projects - The company plans to secure a fixed asset loan of ¥800 million for the 7th line project, with a repayment period of up to 8 years[19] - The company has established an industrial fund with a total scale of ¥50 million, focusing on projects related to the optical film industry[20] - The 7th line project for large-size TV polarizers has completed overall debugging and has entered chemical trial production, with mass production expected to begin in July 2021[28] - As of March 31, 2021, the cumulative contract amount for the 7th line project is CNY 183,221.25 million, with actual payments of CNY 156,369.07 million, including CNY 40,995.35 million from raised funds and CNY 115,373.72 million from self-owned and government funds[28] Research and Development - Research and development expenses increased by 32.10% to ¥11.21 million, reflecting the company's commitment to enhancing R&D efforts[14] - Research and development expenses for Q1 2021 were CNY 11,210,174.64, compared to CNY 8,486,184.19 in Q1 2020, reflecting a 32.3% increase[47] Financial Management - The company's financial expenses showed a dramatic change, with a decrease of 1287.53% to -¥10.99 million, mainly due to significant foreign exchange gains[14] - The company reported a total investment cash outflow of CNY 601,844,034.17, compared to CNY 1,053,531,829.41 in the previous year, indicating a reduction in investment activities[54] Compliance and Governance - The company reported no violations regarding external guarantees during the reporting period[32] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[33] - The company did not undergo an audit for the first quarter report[59] - The report indicates that the company has not applied the new leasing standards for the current year[59]