瑞丰高材(300243) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 reached ¥397,688,837.01, representing a 94.64% increase compared to ¥204,320,117.68 in the same period last year[10] - Net profit attributable to shareholders was ¥31,250,331.68, a significant increase of 181.20% from ¥11,113,348.24 year-on-year[10] - The net profit after deducting non-recurring gains and losses was ¥29,514,665.14, up 234.81% from ¥8,815,392.79 in the previous year[10] - Basic earnings per share rose to ¥0.14, reflecting an increase of 180.00% compared to ¥0.05 in the same period last year[10] - The total operating revenue for Q1 2021 was CNY 397,688,837.01, representing a 94.7% increase compared to CNY 204,320,117.68 in the same period last year[55] - The total operating costs for Q1 2021 were CNY 361,143,297.60, up 88.2% from CNY 191,938,008.14 in Q1 2020[56] - The net profit for Q1 2021 was CNY 30,690,072.27, a significant increase from CNY 11,113,348.24 in Q1 2020, marking a growth of 175.1%[57] - The total comprehensive income for the period was CNY 30,690,072.27, compared to CNY 11,113,348.24 in the previous year, marking an increase of 175.1%[61] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,333,905,705.89, a 1.28% increase from ¥1,317,092,667.59 at the end of the previous year[10] - The company's total assets amounted to CNY 1,267,924,497.38, slightly up from CNY 1,256,999,218.82 at the end of 2020[53] - The total liabilities decreased to CNY 547,857,299.47 from CNY 564,757,282.02 at the end of 2020, reflecting a reduction of 3.0%[53] - The total liabilities decreased to CNY 540,245,973.66 from CNY 554,582,117.98, indicating a decline of approximately 2.6%[49] Cash Flow - The company reported a net cash flow from operating activities of -¥53,643,922.46, an improvement of 9.50% compared to -¥59,277,362.93 in the previous year[10] - The cash flow from operating activities showed a net outflow of CNY 53,643,922.46, an improvement from the outflow of CNY 59,277,362.93 in the same period last year[66] - The company reported a cash balance of CNY 76,381,701.66 at the end of the quarter, compared to CNY 58,239,248.56 at the end of the previous year[66] - The total cash inflow from investment activities was CNY 20,276,164.38, compared to CNY 473,418.45 in the previous year, showing a significant increase[66] Investments and Projects - The company is currently investing in a new project for 40,000 tons/year high transparency MBS resin and 60,000 tons/year biodegradable polymer materials[20] - The company is focusing on the development of biodegradable materials, particularly PBAT, with a planned annual production capacity of 30,000 tons[43] - The company has ongoing projects in the PBAT sector, with considerations for further investments in the second phase of the project[43] - The company is currently investing heavily in fixed assets, with multiple projects under construction, including a 40,000-ton MBS project and a 60,000-ton biodegradable polymer material PBAT project[33] Shareholder Information - The total number of shareholders at the end of the reporting period was 16,014, with the top ten shareholders holding significant stakes in the company[14] Risks and Challenges - The company is facing significant risks from raw material price fluctuations, particularly for key materials like methyl methacrylate and styrene, which have seen substantial price increases[27] - The proportion of accounts receivable to total assets at the end of the reporting period was 20.17%, indicating a relatively high level of receivables risk[30] - The company is currently assessing the impact of rising raw material prices on its operations and future strategies[43] Research and Development - Research and development expenses surged by 147.02% to CNY 2.81 million, indicating increased investment in innovation[21] - The R&D expenses for Q1 2021 were CNY 2,813,347.35, compared to CNY 1,138,914.88 in Q1 2020, indicating a growth of 147.8%[56] Government Support - The company received government subsidies amounting to ¥2,023,557.70, primarily related to major technological innovation projects[11] Internal Controls and Safety - The company is enhancing internal controls to mitigate accounts receivable risks, including regular reconciliations and legal measures for debt collection[30] - The company is committed to strict safety management practices to prevent accidents related to the flammable and explosive chemicals used in production[31] Market Expansion - The company is actively pursuing market expansion and product development to enhance competitiveness in the ACR and MBS product lines[32] - The company is exploring market expansion opportunities and new product development in the biodegradable materials sector[43] Miscellaneous - The company has successfully completed the deregistration of its wholly-owned subsidiary, which will streamline operations[36] - The company has received approval for the issuance of convertible bonds, which will support its investment projects and expansion plans[36] - The company did not undergo an audit for the first quarter report[70]