海达股份(300320) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥558,721,991.01, representing a 25.88% increase compared to ¥443,844,656.16 in the same period last year[8]. - The net profit attributable to shareholders for Q1 2021 was ¥50,298,659.52, an increase of 89.79% from ¥26,501,651.07 in the previous year[8]. - The net cash flow from operating activities reached ¥108,601,622.55, up 96.87% from ¥55,162,964.93 in the same period last year[8]. - Basic earnings per share for Q1 2021 were ¥0.0837, reflecting an increase of 89.80% compared to ¥0.0441 in the previous year[8]. - The company reported a significant increase in credit impairment losses, which rose by 169.21% to 5.84 million yuan[18]. - The company reported a profit before tax of CNY 61,323,619.52, significantly higher than CNY 33,997,707.63 from the previous year[56]. - The total comprehensive income for the period was CNY 51,179,854.32, compared to CNY 26,981,951.79 in the same period last year[57]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,901,692,391.53, a decrease of 3.15% from ¥2,996,109,541.94 at the end of the previous year[8]. - The total current assets decreased from CNY 2,048.90 million at the end of 2020 to CNY 1,965.75 million as of March 31, 2021[46]. - Total liabilities decreased to ¥964,862,602.52 from ¥1,110,459,607.25[48]. - Current liabilities decreased to ¥876,828,876.31 from ¥1,021,368,943.76[48]. - Accounts receivable decreased by 36.48% from the beginning of the period, totaling 108.29 million yuan[18]. - Accounts receivable decreased to ¥764,638,496.18 from ¥847,685,233.08[49]. - Inventory decreased to ¥321,830,069.06 from ¥344,902,122.04[49]. Market Presence and Contracts - The company is actively expanding its market presence with multiple ongoing projects in various cities, including Suzhou and Shanghai[20]. - The company has ongoing major contracts, including a 84.27 million yuan project for Guangzhou Metro, which is 100% completed[20]. - The company is focusing on expanding its market share through strategic partnerships, as evidenced by contracts with major construction firms[22]. - The company is actively engaged in multiple projects, with contract values ranging from 8,559,900.00 to 11,949,695.24, showcasing a diverse portfolio[21]. - The company has established contracts for sealing strips with international clients, enhancing its global market reach[26]. Operational Efficiency and Innovation - The company plans to continue enhancing production capacity and operational efficiency in response to recovering market demand post-COVID-19[20]. - The company is investing in new technologies and product development to enhance its competitive edge in the waterproof materials sector[22]. - The company is exploring new technologies in sealing solutions, which may lead to improved product offerings and competitive advantages[23]. - The company is committed to innovation, as evidenced by its ongoing development of new sealing products for various automotive applications[28]. Risks and Challenges - The company is facing risks from the COVID-19 pandemic, which has impacted the global economy and may affect future export business[31]. - The company is also dealing with risks from a slowing macroeconomic growth and changes in the market environment, which could affect demand in various sectors such as rail transportation and construction[31]. - There is a risk of goodwill impairment related to the acquisition of subsidiaries, which could negatively impact the company's financial results if performance does not meet expectations[37]. - The prices of raw materials, particularly synthetic rubber, have risen significantly due to multiple factors, impacting the company's cost control and operational risks[34]. Cash Flow and Financing - Operating cash inflow for the current period reached ¥624,327,293.39, up from ¥453,892,777.05 in the previous period, representing an increase of approximately 37.5%[64]. - Cash inflow from financing activities totaled ¥10,000,000.00, down from ¥111,000,000.00, a decrease of 91.0%[65]. - The ending balance of cash and cash equivalents was ¥194,746,906.75, up from ¥168,453,440.97, an increase of 15.6%[65]. - The company received cash from sales of goods and services amounting to ¥468,190,871.00, compared to ¥340,883,900.43 in the previous period, marking a growth of 37.2%[66].