津膜科技(300334) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was ¥63,040,375.95, representing a 27.20% increase compared to ¥49,559,598.84 in the same period last year[9] - Net profit attributable to shareholders was ¥2,028,750.86, a significant turnaround from a loss of ¥45,891,064.40, marking a 104.42% improvement[9] - Basic and diluted earnings per share improved to ¥0.0067 from a loss of ¥0.15, reflecting a 104.47% increase[9] - The company achieved operating revenue of 63.04 million yuan, an increase of 27.2% compared to the same period last year[29] - Net profit attributable to ordinary shareholders reached 2.0288 million yuan, representing a year-on-year increase of 104.42%[29] - The company reported a profit margin of approximately 4.7% for the current period, compared to a negative margin in the previous year[56] - The net profit for the first quarter of 2021 was CNY 787,674.24, a significant improvement compared to a net loss of CNY 24,066,318.94 in the same period last year[60] - Operating profit for the first quarter was CNY 789,458.20, compared to an operating loss of CNY 27,143,949.42 in the previous year[60] Cash Flow and Assets - The net cash flow from operating activities decreased by 93.66% to ¥3,556,122.82 from ¥56,060,159.43 in the previous year[9] - The net cash flow from financing activities improved by 92.93% to -30.76 million, primarily due to reduced cash outflows for debt repayment[21] - Cash flow from operating activities generated a net cash inflow of CNY 3,556,122.82, down from CNY 56,060,159.43 in the prior year[64] - Total cash and cash equivalents at the end of the period were CNY 52,566,861.08, a decrease from CNY 100,738,903.00 at the end of the previous year[65] - The company reported a decrease in cash inflow from financing activities, which was CNY 50,600,000.00, down from CNY 146,768,884.00 in the previous year[65] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,879,526,071.49, up 2.00% from ¥1,842,721,294.08 at the end of the previous year[9] - The company's current assets totaled CNY 794,802,073.57, up from CNY 752,965,806.61 at the end of 2020, indicating an increase of about 5.5%[47][50] - The total liabilities of the company were CNY 1,054,800,599.45, compared to CNY 1,020,964,196.02 at the end of 2020, marking an increase of about 3.3%[49][50] - The company's equity increased slightly to CNY 729,121,797.15 from CNY 728,334,122.91[52] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,361[12] - The largest shareholder, Tianjin Membrane Engineering Technology Co., Ltd., held 21.19% of the shares, amounting to 64,004,465 shares[12] - A major shareholder, Gaoxin Investment Development Co., Ltd., holding 36,540,000 shares (12.10% of total shares), plans to reduce its holdings by up to 15,103,300 shares (5% of total shares) within six months[35] - The company released 7,668,415 restricted shares, accounting for 2.54% of total shares, which will be tradable starting February 1, 2021[36] Operational Highlights - Management expenses decreased by 30.82% to 87.11 million, primarily due to reduced employee compensation and strict cost control measures[17] - Credit impairment losses decreased by 105.23% to -16.27 million, attributed to increased collection efforts on overdue payments[18] - Other income increased by 105.09% to 39.03 million, mainly due to government subsidies reclassified from non-operating income[18] - Inventory increased by 53.65% to 2.18 billion, driven by increased material requisition for engineering projects[20] - Contract liabilities rose by 36.23% to 1.59 billion, reflecting an increase in advance payments for engineering projects[20] Research and Development - The company has completed the development of a new high-efficiency oil-water separation material, which is currently undergoing acceptance testing[23] - The company is focusing on the development of intelligent integrated MBR rural wastewater treatment equipment to enhance efficiency and reduce operational costs[26] - The company is developing a new type of gravity-driven submerged ultrafiltration membrane system to lower energy consumption and land use[26] - The company has completed the development of core products related to hollow fiber nanofiltration and reverse osmosis membranes, preparing for acceptance[25] Market and Competition - The company faces intensified industry competition and is adjusting its strategy to enhance product sales and maintain a competitive edge[30] - The company is exploring micro-porous aeration membranes for water body oxygenation, which can significantly improve gas transfer rates[27] Corporate Governance - The company amended its articles of association to include party building work and other necessary revisions[34] - The company elected Fan Ning as the new chairman, with unchanged compensation, effective from the board meeting date[37]