达威股份(300535) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was CNY 123,883,608.40, representing a 140.40% increase compared to CNY 51,532,198.41 in the same period last year[8]. - Net profit attributable to shareholders was CNY 9,502,463.29, a significant turnaround from a loss of CNY 7,221,956.22 in the previous year, marking a 231.58% increase[8]. - The net profit after deducting non-recurring gains and losses was CNY 8,751,623.09, compared to a loss of CNY 8,172,331.75 last year, reflecting a 207.09% improvement[8]. - Basic earnings per share increased to CNY 0.0914 from a loss of CNY 0.0695, representing a 231.51% increase[8]. - The company achieved operating revenue of 123.88 million yuan, an increase of 140.40% compared to the same period last year[19]. - Net profit attributable to shareholders reached 9.50 million yuan, up 231.58% year-on-year[19]. - The total comprehensive income for the current period was ¥9,242,522.68, compared to a loss of ¥7,171,508.40 in the previous period[47]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,145,753,567.06, up 5.96% from CNY 1,081,335,733.04 at the end of the previous year[8]. - The net assets attributable to shareholders increased to CNY 833,062,003.36, a 1.34% rise from CNY 822,068,803.97 at the end of the previous year[8]. - Current assets increased to CNY 604,850,308.79 as of March 31, 2021, up from CNY 575,628,416.47 at the end of 2020, representing a growth of approximately 4.2%[36]. - Total liabilities rose to CNY 256,371,638.64 as of March 31, 2021, compared to CNY 202,250,210.74 at the end of 2020, indicating an increase of about 26.8%[38]. - The company's equity attributable to shareholders increased to CNY 833,062,003.36 from CNY 822,068,803.97, showing a slight increase of about 1.2%[39]. Cash Flow - The company reported a net cash flow from operating activities of CNY -732,468.12, a decline of 110.68% compared to CNY 6,858,684.20 in the same period last year[8]. - The net cash flow from operating activities was -732,468.12 CNY, compared to 6,858,684.20 CNY in the previous period, indicating a significant decline in operational cash generation[54]. - Total cash inflow from operating activities was 157,374,268.06 CNY, while cash outflow was 158,106,736.18 CNY, resulting in a net cash outflow of 732,468.12 CNY[54]. - The net cash flow from investment activities was -38,275,343.51 CNY, compared to -23,543,857.39 CNY in the previous period, reflecting increased investment expenditures[55]. - Cash inflow from financing activities amounted to 60,049,038.58 CNY, with a net cash flow of 54,162,298.53 CNY after outflows[55]. Investments and Expenditures - Short-term loans increased by 110.00% to 105 million yuan, primarily due to new bank loans during the reporting period[16]. - Research and development expenses rose by 75.28% to 10.08 million yuan, driven by increased investment in experimental materials[16]. - The company has invested 52.25 million yuan to acquire a 24.27% stake in Chengdu Tuozhan New Materials Co., Ltd.[26]. - The company plans to enhance its investment in research and development to drive future growth and innovation[41]. Strategic Initiatives - The company plans to strengthen its chemical products division and expand its wood products division to create a green circular economy[20]. - The construction of production bases for intelligent manufacturing will be accelerated to enhance market presence in leather and wood machinery products[20]. - The company aims to optimize process management and improve institutional frameworks to align with its strategic development[20]. - The company aims to expand its domestic market share and reduce the gap with international leading companies by targeting high-quality key customers during the pandemic[22]. - The company is focusing on diversifying its business to consolidate its mature business advantages and create new growth points[22]. - The company has signed framework contracts with major customers, ensuring normal performance in product delivery and payment[23]. - The company is focusing on expanding its non-current assets, which increased to CNY 540,903,258.27 from CNY 505,707,316.57, a growth of about 6.9%[36]. Risk Management - The company is facing risks related to accounts receivable collection and inventory management due to business expansion, and has implemented measures to mitigate these risks[24]. - The company has maintained compliance with environmental protection standards and is committed to improving its environmental management practices[25].