长海股份(300196) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was ¥554,187,130.03, representing a 40.03% increase compared to ¥395,764,567.29 in the same period last year[8] - Net profit attributable to shareholders was ¥106,051,361.08, an increase of 89.16% from ¥56,065,684.55 year-on-year[8] - Basic earnings per share rose to ¥0.26, an increase of 85.71% from ¥0.14 in the same period last year[8] - Total operating revenue for Q1 2021 reached CNY 554.19 million, an increase of 40.03% compared to CNY 395.76 million in the same period last year[17] - Net profit attributable to shareholders of the parent company was CNY 106.05 million, up 89.16% from CNY 56.07 million year-on-year[17] - The total profit for Q1 2021 was CNY 121,510,278.52, significantly higher than CNY 66,837,925.34 in the prior year[51] - The operating profit for Q1 2021 was CNY 121,704,855.88, compared to CNY 67,003,820.29 in the previous year, indicating a growth of approximately 81.5%[51] Cash Flow and Liquidity - The net cash flow from operating activities reached ¥114,735,867.58, a significant increase of 210.51% compared to ¥36,950,669.60 in the previous year[8] - The company's cash and cash equivalents decreased to ¥916.51 million from ¥1,243.66 million as of December 31, 2020, representing a decline of approximately 26.3%[41] - The net cash flow from operating activities for Q1 2021 was ¥114,735,867.58, a significant increase from ¥36,950,669.60 in Q1 2020, representing a growth of approximately 210%[58] - The total cash and cash equivalents at the end of Q1 2021 stood at ¥916,508,677.57, down from ¥1,243,662,696.19 at the beginning of the period, reflecting a decrease of approximately 26.3%[59] - The net increase in cash and cash equivalents for the quarter was -¥327,154,018.62, compared to -¥52,351,334.90 in Q1 2020, indicating a worsening cash position[59] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,003,924,722.20, up 3.24% from ¥3,878,174,862.74 at the end of the previous year[8] - The total liabilities stood at ¥936,729,058.09, compared to ¥917,087,589.06 in the previous year, showing a slight increase[44] - The total equity attributable to shareholders was ¥3,069,199,348.47, up from ¥2,962,989,969.76 year-on-year[44] - The total non-current liabilities were ¥482,204,938.17, slightly down from ¥484,314,270.85, indicating a stable long-term financial position[44] Investments and Capital Expenditures - The company plans to build a production line with an annual capacity of 100,000 tons of alkali-free glass fiber, with a total investment of RMB 1.0534861 billion[25] - The company has committed to a project for 100,000 tons/year of alkali-free glass fiber, with a total investment of ¥542.78 million, of which ¥157.32 million has been invested so far[33] - The cash outflow for the acquisition of fixed assets and intangible assets was ¥336,597,637.83, significantly higher than ¥7,796,222.21 in Q1 2020, indicating increased capital expenditures[62] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,574[12] - The top shareholder, Yang Pengwei, holds 41.71% of the shares, amounting to 170,474,412 shares[12] Risks and Compliance - The company faces risks related to the implementation of fundraising investment projects, including potential management and construction delays[21] - Market expansion risks are present, as increased competition may affect market share and profitability if the company fails to maintain its market development capabilities[22] - The company emphasizes compliance with increasingly strict environmental regulations, which poses operational risks[24] - The company has established strict operational standards to manage environmental protection, although risks remain due to potential human errors[24] Research and Development - Research and development expenses for the quarter were ¥22,235,501.79, compared to ¥17,427,287.11 in Q1 2020, reflecting a growth in investment in innovation[49] - The company is focusing on expanding its market presence and enhancing product development capabilities, as indicated by the increase in R&D spending[49] Fundraising and Financial Management - The company issued 5.5 million convertible bonds with a total amount of RMB 550 million, which began trading on January 15, 2021[26] - The total amount of raised funds is CNY 542.78 million, with CNY 157.32 million invested in the current quarter[32] - The company has made commitments to protect the legitimate rights and interests of small and medium investors, ensuring compliance with relevant regulations[30]