天晟新材(300169) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was ¥182,812,163.04, representing a 31.61% increase compared to ¥138,908,035.79 in the same period last year[8] - The net profit attributable to shareholders was -¥4,071,141.37, an improvement of 75.29% from -¥16,473,033.67 year-on-year[8] - The basic earnings per share improved to -¥0.0125, a 75.25% increase from -¥0.0505 in the same period last year[8] - Operating profit improved by 69.53% year-on-year, amounting to -6.72 million yuan, driven by increased gross profit and reduced expenses[19] - The net loss for the first quarter was CNY 4,270,379.99, an improvement from a net loss of CNY 17,028,512.04 in the previous year[45] - Net profit for the quarter was a loss of CNY 6,449,179.36, improving from a loss of CNY 11,123,426.23 in the previous year[49] Cash Flow - The net cash flow from operating activities was ¥37,947,578.85, a significant increase of 165.84% compared to -¥57,633,401.26 in the previous year[8] - The net cash flow from operating activities was -24,610,157.07 yuan, a significant decrease compared to the previous period's 19,295,072.83 yuan[55] - Cash inflow from operating activities totaled 40,332,021.13 yuan, down 62.1% from 106,437,289.47 yuan in the prior period[55] - Cash outflow from operating activities increased to 64,942,178.20 yuan, compared to 87,142,216.64 yuan in the previous period[55] - The net cash flow from financing activities was 2,873,692.55 yuan, a decrease of 36.5% compared to 4,530,642.95 yuan in the prior period[57] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,719,354,694.96, a decrease of 0.58% from ¥1,729,466,473.59 at the end of the previous year[8] - The total liabilities increased to CNY 1,091,243,611.23 from CNY 1,027,138,391.93, representing a rise of approximately 6.2%[41] - The company's total assets as of March 31, 2021, amounted to CNY 2,104,380,209.50, up from CNY 2,046,724,169.56 at the end of 2020[41] - The company's total current liabilities decreased slightly to approximately 1.08 billion yuan from 1.09 billion yuan[37] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,286[11] - The largest shareholder, Qingdao Ronghai Guotou Investment Management Co., Ltd., held 9.20% of the shares, amounting to 30,000,000 shares[11] - The total equity attributable to shareholders of the parent company was CNY 615,461,442.59, down from CNY 619,022,209.27, reflecting a decrease of about 0.9%[40] Research and Development - Research and development expenses surged by 125.86% year-on-year, reflecting a significant increase in R&D investment[18] - The company reported a research and development expense of CNY 4,762,187.39, which is significantly higher than CNY 2,108,453.80 in the previous year, marking an increase of approximately 126.0%[44] Operational Challenges and Strategies - The company is at risk of losing core technical personnel, which could impact its competitive position in the polymer foaming industry[22] - The company plans to enhance product quality and cost control to improve market competitiveness and expand market share[21] - The company aims to accelerate its international expansion, leveraging overseas investments to enhance its technological and market position[23] Other Financial Metrics - The company reported non-recurring gains and losses totaling ¥504,279.84 for the period[9] - The company faced a 60.67% decrease in notes receivable at the end of the reporting period, mainly due to the maturity of receivables[18] - The company experienced a 60.99% decline in other income, primarily due to a reduction in government subsidies[18] - The company established a wholly-owned subsidiary, Jiangsu Meilisheng New Materials Co., Ltd., with a registered capital of 50 million yuan[24]