联创股份(300343) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥332,372,048.38, a decrease of 20.60% compared to ¥418,627,084.76 in the same period last year[8]. - Net profit attributable to shareholders was ¥13,337,821.13, representing a significant increase of 144.69% from a loss of ¥29,844,975.05 in the previous year[8]. - Basic earnings per share improved to ¥0.012, up 140.00% from a loss of ¥0.030 in the previous year[8]. - The net profit for the reporting period was CNY 15.33 million, with the continuous operation net profit (mainly from the chemical new materials business) accounting for CNY 13.35 million (87.04%) and the terminated operation net profit (from the digital marketing business) accounting for CNY 1.99 million (12.96%)[23]. - The net profit for the current period is 15,332,910.63, compared to a net loss of -34,320,882.61 in the previous period[101]. - The total profit for the current period is 15,129,470.30, while the previous period recorded a total loss of -36,325,632.48[101]. - The operating profit for the current period is 15,013,541.43, an improvement from the operating loss of -36,296,159.28 in the previous period[101]. - The total comprehensive income for the current period is 15,332,910.63, compared to -34,320,882.61 in the previous period[101]. Cash Flow and Liquidity - The net cash flow from operating activities reached ¥56,409,304.24, a remarkable increase of 3,933.97% compared to ¥1,398,357.24 in the same period last year[8]. - Operating activities generated a net cash flow of ¥56,409,304.24, a significant increase compared to ¥1,398,357.24 in the previous period, indicating improved operational efficiency[113]. - Total cash inflow from investment activities amounted to ¥59,724,163.13, while cash outflow was ¥6,411,417.86, resulting in a net cash flow of ¥53,312,745.27, a recovery from a net outflow of ¥4,302,618.27 previously[116]. - Cash inflow from financing activities totaled ¥44,968,696.95, down from ¥162,030,675.09, with a net cash flow of -¥167,932,179.80 compared to a positive flow of ¥17,490,386.50 in the prior period[116]. - The company reported a total cash and cash equivalents balance of ¥124,944,820.83 at the end of the period, down from ¥255,181,931.82 previously, reflecting a decrease in liquidity[116]. - The net increase in cash and cash equivalents was -¥57,918,957.99, contrasting with a positive increase of ¥14,748,805.53 in the prior period, indicating challenges in cash management[116]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,035,890,085.88, down 6.34% from ¥2,173,743,079.16 at the end of the previous year[8]. - The total current assets decreased to ¥1,135,032,715.99 from ¥1,282,924,557.44, indicating a reduction of about 11.5%[78]. - The company's total equity decreased to CNY 185,961,698.75 from CNY 190,118,075.02[91]. - The total liabilities decreased to ¥1,207,575,664.20 from ¥1,361,375,130.11, indicating a reduction of approximately 11.3%[80]. - Short-term borrowings were reduced to ¥153,333,425.95 from ¥338,449,398.17, a decrease of about 54.7%[80]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 55,677[12]. - Major shareholder Li Hongguo held 14.56% of the shares, with a total of 168,570,510 shares, of which 82,810,395 shares were pledged[13]. Business Operations and Strategy - The company plans to focus on new materials and fine chemicals, particularly polyurethane new materials, fourth-generation refrigerants, and biodegradable plastics, in response to national carbon neutrality goals[33]. - A new materials R&D center has been established in Shanghai, enhancing collaboration with renowned institutions for new technology and product development[34]. - The PVDF (polyvinylidene fluoride) project aims for an annual capacity of 8,000 tons and is currently under construction, targeting applications in solar photovoltaic cells and electric vehicles[35]. - The biodegradable polymer project, utilizing approximately 20% carbon dioxide in its raw materials, aims to eliminate "white pollution" while recycling CO2, with a construction period of about 18 months[36]. Risk Factors - The company plans to closely monitor policy changes to mitigate risks associated with regulatory impacts on business development[44]. - The company faces market risks due to macroeconomic changes, market demand fluctuations, and raw material price volatility[45]. - Environmental risks are present due to potential pollution from wastewater, waste gas, and waste residue, necessitating the establishment of treatment facilities[48]. Other Financial Metrics - The company reported a significant increase in non-recurring gains and losses, totaling ¥988,117.54 for the period[9]. - The company reported a decrease in financial expenses by CNY 46.01 million (84.43%) due to significant loan repayments, leading to lower interest expenses[27]. - Research and development expenses were CNY 8,679,243.98, down from CNY 10,745,921.78, indicating a focus on cost management[94]. - The company reported a decrease in management expenses to 3,069,281.95 from 6,943,735.97 in the previous period[102].