长荣股份(300195) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was ¥397,626,019.40, representing a 62.40% increase compared to ¥244,838,592.76 in the same period last year[8]. - Net profit attributable to shareholders was ¥41,054,745.31, a significant increase of 225.33% from ¥12,619,255.75 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was ¥36,463,592.85, compared to a loss of ¥2,395,070.08 in the previous year, marking a 1,622.44% increase[8]. - The basic earnings per share rose to ¥0.09, up 200.00% from ¥0.03 in the same period last year[8]. - The weighted average return on net assets increased to 1.50%, up from 0.45% year-on-year, reflecting improved profitability[8]. - The company achieved operating revenue of 397.63 million yuan in the reporting period, an increase of 62.40% compared to the same period last year[18]. - The net profit attributable to the parent company was 41.05 million yuan, marking a significant recovery from previous losses[18]. - The company reported a 116.41% increase in sales revenue for the parent company, reaching 271 million yuan in the first quarter[21]. - The total comprehensive income for Q1 2021 was CNY 36,939,263.87, compared to CNY 15,187,712.06 in the prior year, reflecting a year-over-year increase of about 143%[66]. Assets and Liabilities - The total assets at the end of the reporting period were ¥6,209,103,337.30, a slight decrease of 0.24% from ¥6,223,999,787.04 at the end of the previous year[8]. - The total liabilities decreased from CNY 2.02 billion to CNY 1.98 billion, indicating a reduction in financial obligations[56]. - The total assets as of March 31, 2021, were CNY 3,770,244,406.32, slightly up from CNY 3,741,782,841.25 at the end of 2020[61]. - The total liabilities as of March 31, 2021, were CNY 1,497,360,092.40, compared to CNY 1,462,653,936.66 in the previous period[61]. Cash Flow - The net cash flow from operating activities was negative at -¥7,914,255.84, a decline of 129.78% compared to ¥26,577,133.14 in the same period last year[8]. - The company's cash and cash equivalents decreased from CNY 501.15 million on December 31, 2020, to CNY 429.86 million by March 31, 2021, reflecting a decline of approximately 14.2%[55]. - The cash flow from operating activities was CNY 269,070,475.36, compared to CNY 293,732,301.85 in the previous year, indicating a decrease in cash inflow[72]. - Cash inflow from financing activities totaled 174,727,582.00 CNY, with cash outflow of 211,451,102.23 CNY, leading to a net cash flow of -36,723,520.23 CNY[74]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,765, indicating a stable shareholder base[11]. - The company has repurchased 3,712,100 shares, accounting for 0.88% of the total share capital, with a total payment of approximately RMB 20 million[28]. - The company plans to use the repurchased shares for employee stock ownership plans or equity incentives[32]. Investment and Projects - The company has established a wholly-owned subsidiary, Tianjin Changrong Zhendai Machinery Co., Ltd., using 50.05 million yuan of raised funds for the construction of a remanufacturing base for printing equipment, completed as of March 31, 2021[39]. - The company has invested 31.95 million yuan of raised funds to establish a wholly-owned subsidiary, MASTERWORK USA LLC, for sales and services in North America, completed as of March 31, 2021[39]. - The company has invested 94.50 million yuan in Tianjin Changrong Holdings Co., Ltd. for the construction of the Changrong Digital Printing Equipment Demonstration Base, with operations ongoing but not yet profitable due to market demand[40]. - The company has pre-invested 144.17559 million RMB in fundraising projects using self-raised funds, which has been fully replaced by raised funds as of March 31, 2021[44]. Strategic Initiatives - The company plans to continue expanding its overseas business and enhance its sales service model in international markets[20]. - The company aims to strengthen its market penetration and brand presence through strategic collaborations and innovative service models[20]. - The company is focusing on improving its supply chain management to mitigate the unpredictability of raw material prices, which are on an upward trend[23]. - The company is committed to enhancing its digital capabilities and smart manufacturing to adapt to post-pandemic market conditions[27]. Risks and Challenges - The company is facing industry risks, including product price reduction risks due to intensified competition and macroeconomic challenges[21]. - The company has not reported any overdue commitments from actual controllers, shareholders, or related parties during the reporting period[33]. - The company has no reported violations regarding external guarantees or non-operational fund occupation by major shareholders during the reporting period[48][49].