先锋新材(300163) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was ¥79,616,569.25, representing a 59.56% increase compared to ¥49,899,056.75 in the same period last year[8] - Net profit attributable to shareholders was ¥1,318,708.63, a significant turnaround from a loss of ¥600,905.30, marking a 319.45% increase[8] - The company's operating revenue for the reporting period reached 79.62 million yuan, an increase of 59.56% compared to the previous year[19] - The net profit attributable to shareholders for the reporting period was 1.32 million yuan, representing a growth of 319.45% year-on-year[19] - The company reported a net loss of CNY 36,312,542.96 for the period, slightly improved from a loss of CNY 37,631,251.60 in the previous year[33] - The total comprehensive income for Q1 2021 was CNY 1,234,491.65, compared to a loss of CNY 669,041.17 in Q1 2020, indicating a positive shift in overall financial health[41] Cash Flow - The net cash flow from operating activities was -¥37,463,523.00, worsening by 96.82% compared to -¥19,033,997.53 in the previous year[8] - Total cash inflow from operating activities was 114,416,769.09 CNY, while cash outflow was 151,880,292.09 CNY, resulting in a net cash outflow of 37,463,523.00 CNY[48] - Cash inflow from investment activities was 734,881.62 CNY, while cash outflow was 1,631,597.21 CNY, leading to a net cash outflow of 896,715.59 CNY[49] - The total cash and cash equivalents at the end of the period were 23,045,796.13 CNY, down from 41,698,770.36 CNY in the previous period, reflecting a decrease of approximately 44.7%[49] - The company reported a total cash inflow from sales of goods and services of 78,242,930.49 CNY, compared to 33,201,394.97 CNY in the previous period, marking an increase of approximately 135.5%[51] Assets and Liabilities - The total assets at the end of the reporting period were ¥713,546,659.17, a slight decrease of 0.46% from ¥716,872,308.66 at the end of the previous year[8] - Total liabilities decreased to CNY 114,408,839.42 from CNY 118,942,735.80, reflecting a reduction in short-term borrowings and accounts payable[32] - The company's total equity increased to CNY 599,137,819.75 from CNY 597,929,572.86, driven by retained earnings[33] - Accounts receivable increased by ¥51,440,000, a growth of 54.59%, due to a significant rise in sales revenue during the reporting period[16] - The company's inventory as of March 31, 2021, was approximately 172.89 million yuan, down from 176.22 million yuan at the end of 2020[30] Expenses - Year-to-date operating costs increased by 30.24 million yuan, a rise of 86%, primarily due to increased sales volume and rising raw material prices[17] - Research and development expenses increased by 139,000 yuan, a growth of 73.58%, as the previous year was impacted by the pandemic[17] - The total operating costs for Q1 2021 were CNY 79,644,941.46, up from CNY 46,161,479.78 in the previous year, marking an increase of about 72.5%[39] - The company reported a gross profit margin of approximately 14.5% for Q1 2021, compared to a margin of around 20.2% in Q1 2020[43] Strategic Initiatives - The company plans to focus on expanding its market presence and investing in new product development to drive future growth[1] - The company is exploring potential mergers and acquisitions to enhance its competitive position in the market[1] Other Financial Metrics - The weighted average return on net assets improved to 0.22%, compared to -0.59% in the same period last year, indicating a 137.33% increase[8] - The basic earnings per share were ¥0.0028, a significant improvement from -¥0.0013 in the previous year, reflecting a 319.45% increase[8] - The company recorded other income of CNY 381,963.31 in Q1 2021, down from CNY 642,241.45 in the previous year, reflecting a decrease of approximately 40.5%[39] - The company experienced a credit impairment loss of CNY -1,597,790.55 in Q1 2021, compared to a loss of CNY -6,751,865.44 in the same period last year, showing a reduction in losses[39]