锐奇股份(300126) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was ¥160,119,192.86, representing an increase of 89.10% compared to ¥84,673,053.40 in the same period last year[8]. - Net profit attributable to shareholders was ¥9,347,492.95, a significant increase of 172.89% from ¥3,425,370.03 year-over-year[8]. - The net profit after deducting non-recurring gains and losses was ¥9,213,244.01, up 208.04% from ¥2,990,896.75 in the previous year[8]. - Basic earnings per share increased to ¥0.03, a 200.00% rise compared to ¥0.01 in the same period last year[8]. - The company reported a net profit attributable to shareholders of 9.35 million yuan, a year-on-year increase of 172.89%[19]. - The net profit for the first quarter of 2021 was ¥2,891,015.74, down from ¥5,610,824.52, indicating a decrease of about 48%[48]. - The company reported a decrease in comprehensive income total to ¥2,891,015.74 from ¥5,610,824.52, a decline of approximately 48%[50]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,298,518,357.75, reflecting a 2.39% increase from ¥1,268,156,212.82 at the end of the previous year[8]. - The company's current assets totaled CNY 981,678,914.23, compared to CNY 947,323,680.63 at the end of 2020, reflecting a growth of approximately 3.5%[36]. - Total liabilities rose to CNY 268,515,876.81 from CNY 247,501,127.31, indicating an increase of approximately 8.1%[38]. - The total liabilities as of March 31, 2021, were CNY 259,690,763.52, an increase from CNY 242,839,653.01 at the end of 2020, representing a growth of approximately 6.9%[42]. Cash Flow - The net cash flow from operating activities was -¥31,360,919.66, a slight improvement of 3.05% compared to -¥32,347,984.24 in the previous year[8]. - Cash and cash equivalents decreased by 31.38% year-on-year, attributed to increased cash payments for supplier debts and investments in financial products[18]. - The total cash and cash equivalents at the end of the period were ¥30,146,151.21, down from ¥46,836,374.47[53]. - The net cash flow from investing activities was -10,185,302.09, compared to a positive cash flow of 496,667.86 in the previous year[56]. Shareholder Information - The total number of shareholders at the end of the reporting period was 20,616[11]. - The top shareholder, Wu Mingting, holds 26.65% of the shares, amounting to 81,000,000 shares[11]. Research and Development - Research and development expenses rose by 16.81% year-on-year, totaling 5.53 million yuan[19]. - Research and development expenses increased to ¥4,437,679.39 from ¥3,920,724.40, marking a rise of approximately 13%[48]. - The company obtained 13 authorized patents during the reporting period, including 12 utility model patents and 1 design patent[22]. Business Strategy - The company launched a new series of slotting angle grinders to capture market share and enhance product visibility[21]. - The company plans to strengthen its core competitiveness and brand value to address increasing market competition[23]. - The company is actively exploring new business areas, including industrial automation and information technology, while managing associated risks[25]. Operational Costs - Operating costs increased by 91.77% year-on-year, primarily due to concentrated deliveries to foreign customers and increased domestic sales[19]. - The total operating costs for the first quarter of 2021 were CNY 155,290,506.46, compared to CNY 87,114,014.02 in the previous year, indicating an increase of about 78.1%[45]. Accounts Receivable and Inventory - Accounts receivable increased by 106.10% compared to the beginning of the year, mainly due to export sales not reaching the credit period[17]. - Accounts receivable increased significantly to CNY 127,543,668.42 from CNY 61,884,174.05, marking an increase of approximately 106.5%[36]. - The company's inventory decreased to CNY 126,761,526.28 from CNY 138,051,837.94, a decline of about 8.2%[36]. - Inventory decreased to CNY 95,229,293.69 from CNY 107,167,763.01, showing a decline of about 11.2%[41]. Compliance and Governance - The company has no overdue commitments from controlling shareholders or related parties during the reporting period[29]. - There were no violations regarding external guarantees during the reporting period[30]. - The company did not engage in any research, communication, or interview activities during the reporting period[32]. - The first quarter report was not audited[59].