青松股份(300132) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥855,515,557.93, representing a 20.69% increase compared to ¥708,867,361.15 in the same period last year[7]. - The net profit attributable to shareholders for Q1 2021 was ¥91,100,639.47, an increase of 8.77% from ¥83,754,720.52 in the previous year[7]. - The basic earnings per share for Q1 2021 was ¥0.1764, up 8.82% from ¥0.1621 in the previous year[7]. - The total operating revenue for Q1 2021 was CNY 855,515,557.93, an increase of 20.7% compared to CNY 708,867,361.15 in the same period last year[53]. - The net profit attributable to shareholders was 91.10 million yuan, an increase of 8.77% compared to the previous year[23]. - The total profit for the quarter was CNY 109,485,928.93, compared to CNY 108,009,025.69 in the same period last year, reflecting a growth of 1.4%[54]. - The total comprehensive income attributable to shareholders of the parent company was CNY 89,632,003.46, compared to CNY 84,214,946.43 in the previous year, indicating a growth of 6.4%[55]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 50.13%, amounting to ¥100,781,347.63 compared to ¥202,075,951.46 in the same period last year[7]. - The net cash flow from operating activities was 100,781,347.63, a decrease of 50.2% compared to 2020's 202,075,951.46[61]. - As of March 31, 2021, the company's cash and cash equivalents decreased to CNY 478.47 million from CNY 514.62 million at the end of 2020, indicating a decline in liquidity[45]. - The cash and cash equivalents at the end of the period were 478,471,576.38, down from 705,610,237.08 in the previous year[62]. - The company reported a decrease in cash inflow from sales of goods and services to 167,711,362.50, down from 226,399,847.26 in the previous year[64]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,871,790,305.32, a 5.30% increase from ¥4,626,651,433.40 at the end of the previous year[7]. - Current liabilities amounted to CNY 1,078,301,319.73, an increase from CNY 1,012,000,071.99, representing a rise of 6.5%[47]. - Total liabilities increased to CNY 1,644,158,252.27 from CNY 1,491,524,339.66, indicating a growth of 10.2%[47]. - The company's equity attributable to shareholders reached CNY 3,227,071,614.20, up from CNY 3,134,405,757.42, reflecting a growth of 3%[48]. - The total current assets amounted to 2,161,521,929.71, with total assets reaching 4,626,651,433.40[68]. Expenses and Investments - The management expenses rose to 44.89 million yuan, a 30.61% increase due to higher leasing costs and employee salaries[18]. - R&D expenses increased by 38.88% to 23.79 million yuan, reflecting the company's commitment to innovation[18]. - The net cash flow from investing activities was -72.58 million yuan, a 155.57% increase, attributed to investments in long-term assets[20]. - The company incurred a cash outflow of 101,000,000.00 for debt repayment, slightly lower than 106,630,500.00 in the previous year[65]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,787[11]. - The largest shareholder, Ji'an Guangjia Enterprise Management Consulting Service Co., Ltd., held 9.61% of the shares, totaling 49,622,557 shares[11]. - The company did not engage in any repurchase transactions during the reporting period[12]. Risks and Challenges - The company faces significant risks from fluctuations in the price of turpentine, which is a key raw material for its deep processing business, potentially impacting gross margins and overall performance[29]. - The cosmetics industry is experiencing rising raw material prices, with non-woven fabric facing supply shortages, which could affect the company's gross margins if costs cannot be passed on to customers[29]. - The company is exposed to intensified competition in the cosmetics sector due to the rapid growth of the market, which may lead to a loss of major clients if it fails to meet their demands in product formulation and quality control[30]. - The company reported a net foreign exchange loss of CNY 14,500 due to fluctuations in the RMB/USD exchange rate, indicating potential risks from currency volatility in future periods[34]. - The company has a goodwill impairment risk associated with its acquisition of 90% of Nosber, which may negatively impact future earnings if market conditions worsen[35]. Strategic Initiatives - The company established a new R&D center in Hangzhou to enhance product development capabilities[28]. - The company plans to strengthen cost control and improve operational efficiency in response to macroeconomic challenges[28]. - The company plans to enhance its environmental protection investments to comply with stricter national standards, which may increase operational costs[33]. - The company is actively monitoring exchange rate changes and exploring financial tools to mitigate risks associated with currency fluctuations[34].