同大股份(300321) - 2021 Q1 - 季度财报

Revenue and Profit - Revenue for Q1 2021 was CNY 100,087,808.99, an increase of 10.60% compared to CNY 90,493,073.56 in the same period last year[8] - The company's operating revenue for the reporting period was 100.88 million yuan, an increase of 9.59 million yuan, representing a year-on-year growth of 10.6%[17] - Net profit attributable to shareholders decreased by 36.57% to CNY 3,350,868.22 from CNY 5,282,724.54 year-on-year[8] - Operating profit decreased to 3.87 million yuan, down 36.4% year-on-year, while net profit attributable to shareholders was 3.35 million yuan, a decline of 36.57% compared to the same period last year[17] - The total comprehensive income for the period was CNY 3,350,868.22, compared to CNY 5,282,724.54 in the previous period, indicating a decrease of approximately 36.5%[44] - Basic and diluted earnings per share were both CNY 0.0377, down from CNY 0.0595 in the previous period, reflecting a decline of about 36.5%[44] Cash Flow and Assets - Net cash flow from operating activities improved by 31.90%, reaching CNY -10,331,972.42 compared to CNY -15,171,343.28 in the previous year[8] - Cash inflow from operating activities totaled CNY 66,642,083.26, an increase from CNY 58,190,824.56 in the previous period, representing a growth of approximately 14.3%[47] - Cash outflow from operating activities was CNY 76,974,055.68, compared to CNY 73,362,167.84 in the previous period, resulting in a net cash flow from operating activities of CNY -10,331,972.42[48] - The company reported a decrease in cash and cash equivalents to CNY 135,040,897.61 from CNY 149,672,977.40[36] - The cash and cash equivalents at the end of the period were CNY 118,540,897.61, down from CNY 151,414,228.18 at the end of the previous period, a decrease of approximately 21.6%[49] - Total assets increased by 2.32% to CNY 759,730,976.31 from CNY 742,491,577.48 at the end of the previous year[8] - Total current assets as of March 31, 2021, amounted to CNY 437,359,685.94, compared to CNY 414,196,792.09 at the end of 2020[37] - The company’s total equity as of March 31, 2021, was CNY 638,570,300.06, slightly up from CNY 635,219,431.84[39] Liabilities and Shareholders - Total current liabilities rose to CNY 111,351,364.86 from CNY 96,873,210.90 in the previous period[38] - The number of ordinary shareholders at the end of the reporting period was 5,208[12] - The largest shareholder, Shandong Tongda Group Co., Ltd., holds 32.86% of the shares, amounting to 29,180,769 shares[12] Operational Insights - Accounts receivable grew by 59.16% compared to the beginning of the year, attributed to extended payment terms for some customers[16] - Prepayments increased by 57.86% as the company aimed to lock in raw material prices[16] - Other income decreased by 40.61% due to a reduction in government subsidies received during the reporting period[16] - Investment income dropped by 100.00% as there were no earnings from financial products that had not matured[16] - Total operating costs for Q1 2021 were CNY 95,379,322.04, up from CNY 84,306,473.67 in the previous period[42] Market and Risk Factors - The decline in net profit was attributed to rising raw material prices and the company's compliance with the national Blue Sky Plan, which involved shutting down coal-fired boilers and switching to natural gas boilers[17] - The company faced risks from fluctuations in raw material prices, particularly polyethylene, nylon chips, and polyurethane, which are influenced by international oil price volatility[24] - Approximately 40% of the company's business is now export-oriented, making it susceptible to exchange rate fluctuations[26] Research and Development - Continuous investment in R&D for new products and technologies is essential for maintaining market leadership and meeting consumer demands[28] - Research and development expenses for Q1 2021 were CNY 3,713,663.46, compared to CNY 3,993,303.17 in the previous period[42] Other Financial Activities - The company received CNY 2,458,344.58 in tax refunds during the period, compared to CNY 3,473,523.31 in the previous period, indicating a decrease of about 29.2%[47] - The company reported cash inflow from the disposal of fixed assets of CNY 270,070.00, compared to CNY 5,500.00 in the previous period, showing a significant increase[48] - The company experienced a foreign exchange gain of CNY 390,341.97, compared to CNY 90,915.75 in the previous period, reflecting an increase of approximately 328.5%[49] Compliance and Governance - The company did not conduct any audited financial report for the first quarter[50] - The company has implemented measures to mitigate risks related to technology leakage and core personnel turnover, including strict confidentiality and incentive systems[25] - The company has invested in new gas steam and heat transfer oil boilers to replace coal-fired boilers, addressing potential energy supply disruptions[27]