世名科技(300522) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 reached ¥139,596,981.33, representing a 142.81% increase compared to ¥57,491,523.04 in the same period last year[9]. - Net profit attributable to shareholders was ¥34,268,438.22, up 233.29% from ¥10,281,725.28 year-on-year[9]. - The basic earnings per share increased to ¥0.1930, a rise of 229.91% from ¥0.0585 in the previous year[9]. - The weighted average return on equity improved to 4.51%, up 2.94% from 1.57% in the same period last year[9]. - The company achieved operating revenue of CNY 139.60 million, a 142.81% increase compared to the same period last year[21]. - Net profit attributable to shareholders reached CNY 34.27 million, reflecting a 233.29% growth year-on-year[24]. - The total operating revenue for Q1 2021 was CNY 139,596,981.33, a significant increase from CNY 57,491,523.04 in the same period last year, representing an increase of approximately 142.5%[58]. - The total profit for Q1 2021 was CNY 37,149,924.97, compared to CNY 10,686,078.21 in Q1 2020, indicating an increase of around 247.5%[61]. - The company's operating profit for Q1 2021 was CNY 37,156,572.76, a substantial rise from CNY 10,689,254.75 in the same quarter last year, showing an increase of approximately 247.5%[61]. Assets and Liabilities - The total assets at the end of the reporting period were ¥899,626,397.17, a slight increase of 0.68% from ¥893,524,415.87 at the end of the previous year[9]. - The total assets of the company increased slightly from 893.52 million RMB at the end of 2020 to 899.63 million RMB by March 31, 2021[50]. - The total liabilities decreased to CNY 144,679,330.02 from CNY 168,311,830.18, a reduction of about 14.1%[56]. - The company's total liabilities increased to 171,642,840.73 as of January 1, 2021, compared to 168,353,392.73 at the end of 2020[76]. - Total current liabilities were 164,647,960.61, with accounts payable at 64,473,781.48[79]. Cash Flow - The net cash flow from operating activities was negative at -¥13,258,519.71, worsening by 125.17% compared to -¥5,888,336.02 in the same period last year[9]. - The cash flow from operating activities for Q1 2021 was negative at CNY -13,258,519.71, compared to CNY -5,888,336.02 in Q1 2020, indicating a worsening cash flow situation[68]. - The company's operating cash flow for Q1 2021 was negative at -27,095,847.50, compared to a positive cash flow of 18,054,401.18 in the same period last year[70]. - Investment activities resulted in a net cash outflow of -53,886,165.20 in Q1 2021, compared to -40,697,835.38 in the previous year, showing an increase in investment expenditures[72]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 5,563[13]. - The largest shareholder, Lü Shiming, holds 40.40% of the shares, amounting to 72,979,548 shares, with 54,734,661 shares pledged[13]. Expenses and Costs - The company’s gross profit margin decreased as operating costs increased by 154.84% to CNY 82.26 million, in line with revenue growth[21]. - The total operating costs for Q1 2021 amounted to CNY 101,815,172.61, up from CNY 45,940,010.07 in Q1 2020, reflecting an increase of about 121.5%[59]. - The company reported R&D expenses of CNY 7,578,700.61 for Q1 2021, compared to CNY 5,952,563.01 in Q1 2020, indicating an increase of about 27.3%[59]. - The company experienced a decrease in management expenses, which were CNY 4,329,510.65 in Q1 2021, down from CNY 5,489,976.78 in Q1 2020, indicating improved cost management[63]. Investments and Projects - The company plans to invest ¥220 million in a new project to produce 56,000 tons of advanced photosensitive materials and 1,000 tons of photoresist nano pigment dispersions[34]. - A subsidiary will invest in a project to produce 5,500 tons of alcohol surfactants and 2,500 tons of modified silicone surfactants, with a capital increase of ¥50 million[35]. - The company has completed the investment in the 20,000-ton water-based color paste production line and self-use additive construction project, achieving 100% of the planned investment[40]. Market and Risk Management - The company has implemented measures to mitigate risks from fluctuations in raw material prices, including establishing procurement plans and optimizing production processes[28]. - The company is actively tracking market demand changes in downstream industries, focusing on expanding its market presence and enhancing its risk resilience[29]. Compliance and Standards - The company has received high-tech enterprise certification from relevant authorities, enhancing its competitive edge[36]. - The company has no significant changes in project feasibility or any non-compliance issues regarding the use of raised funds[41][43]. - The company adopted the revised accounting standard for leases starting January 1, 2021, with no impact on the financial statements[80]. - The first quarter report for 2021 was not audited, which may affect the reliability of the financial data presented[82].