建新股份(300107) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was ¥159,012,462.67, representing a 0.73% increase compared to ¥157,856,922.15 in the same period last year[9] - Net profit attributable to shareholders decreased by 86.31% to ¥3,789,913.09 from ¥27,693,911.54 year-on-year[9] - The net profit after deducting non-recurring gains and losses fell by 87.75% to ¥3,427,166.39 compared to ¥27,972,159.53 in the previous year[9] - Basic and diluted earnings per share both decreased by 86.00% to ¥0.007 from ¥0.050 year-on-year[9] - The net profit for the reporting period was ¥3,789,913.09, a decrease of 86.30% year-on-year, primarily due to a decline in the sales price of main products and a reduction in gross margin[19] - The total profit for the reporting period was ¥3,398,077.19, a decrease of 89.27% year-on-year, attributed to lower sales prices of main products[19] - The total operating revenue for Q1 2021 was CNY 159,012,462.67, a slight increase from CNY 157,856,922.15 in the same period last year, representing a growth of approximately 0.73%[48] - The net profit for Q1 2021 was CNY 3,789,913.09, a significant decrease from CNY 27,655,661.41 in Q1 2020, reflecting a decline of approximately 86.29%[50] Cash Flow - The net cash flow from operating activities improved significantly to ¥8,895,663.30, a turnaround from a negative cash flow of ¥137,441,984.35 in the same period last year, marking a 106.47% increase[9] - Operating cash flow net amount was ¥8,895,663.30, an increase of 106.47% compared to the same period last year, mainly due to reduced tax payments[19] - The net cash flow from operating activities was approximately ¥8.90 million, a recovery from a negative cash flow of ¥137.44 million in the same period last year[58] - The total cash inflow from operating activities decreased to 238,831,649.06 from 443,507,063.59, representing a decline of approximately 46.1%[61] - Cash outflow from operating activities also decreased to 229,938,146.06 from 580,461,057.47, a reduction of about 60.4%[61] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,624,695,410.53, an increase of 1.74% from ¥1,596,913,103.91 at the end of the previous year[9] - The company's total assets amounted to CNY 1,624,695,410.53, an increase from CNY 1,596,913,103.91 as of December 31, 2020, reflecting a growth of approximately 1.5%[40] - The company's current assets totaled CNY 1,042,626,817.62, slightly up from CNY 1,036,959,642.65 at the end of 2020, indicating a marginal increase of about 0.7%[40] - The company's total liabilities were reported at CNY 139,110,837.82, compared to CNY 115,758,337.44 at the end of 2020, reflecting an increase of about 20.1%[42] - The total liabilities as of March 31, 2021, were CNY 139,106,444.38, up from CNY 115,753,944.00 at the end of 2020, representing an increase of approximately 20.14%[46] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 29,773[11] - The largest shareholder, Zhu Shouchan, holds 39.14% of the shares, totaling 215,768,643 shares[11] - The company has not seen any share reduction from a major shareholder despite a planned reduction announced earlier[26] Investment and R&D - The company plans to enhance product research and development and technology innovation to strengthen its competitive advantage[23] - The company plans to increase R&D investment and optimize product structure to enhance market competitiveness amid uncertainties caused by the COVID-19 pandemic[24] - The company will invest RMB 130 million in its wholly-owned subsidiary, Cangzhou Jianxin Ruixiang Chemical Technology Co., Ltd., to strengthen its capital base[27] - Cangzhou Jianxin successfully acquired land use rights for RMB 142.13 million, enhancing its operational capacity[28] Risks and Challenges - The company is facing risks related to talent shortages, particularly in high-quality technical and management personnel, which may hinder future development[24] - The company is closely monitoring foreign exchange fluctuations to minimize the impact of currency risk on its export business[24] - The company is committed to increasing environmental protection investments to meet stricter regulatory standards in the fine chemical industry[25] - The company has established comprehensive safety production regulations to mitigate risks associated with the use of flammable and explosive chemicals[25] Other Financial Information - The cash flow from investment activities was -¥158,050,816.58, a decrease of 320.90% year-on-year, mainly due to increased cash payments for land use rights[19] - The company reported a financial income of CNY 4,164,626.09, down from CNY 6,595,172.08 in the previous year, a decrease of about 36.93%[49] - The company incurred a credit impairment loss of approximately ¥1.16 million, compared to ¥0.94 million in the previous year[54] - The company did not undergo an audit for the first quarter report[63] - The company implemented new leasing standards starting in 2021, but it is not applicable for retrospective adjustments[63]