川环科技(300547) - 2021 Q1 - 季度财报

Revenue and Profit - Revenue for Q1 2021 reached ¥173,144,734.55, an increase of 58.21% compared to ¥109,439,622.93 in the same period last year[8] - Net profit attributable to shareholders was ¥20,475,726.68, up 33.47% from ¥15,340,611.55 year-on-year[8] - Net profit excluding non-recurring items was ¥20,234,419.91, representing a 64.54% increase from ¥12,297,560.51 in the previous year[8] - Basic earnings per share increased to ¥0.0944, a rise of 33.52% compared to ¥0.0707 in the same period last year[8] - In Q1 2021, the company achieved total operating revenue of CNY 173.14 million, an increase of 58.21% compared to the same period last year[25] - The net profit attributable to shareholders was CNY 20.48 million, reflecting a growth of 33.47% year-on-year[24] - The total comprehensive income for the period was ¥20,475,726.68, up from ¥15,340,611.55, indicating a growth of 33.5%[58] Cash Flow and Liquidity - The net cash flow from operating activities decreased significantly by 87.64% to ¥1,231,220.64 from ¥9,960,733.99 year-on-year[8] - Cash inflow from operating activities totaled CNY 120.02 million, a 30.89% increase compared to CNY 91.69 million in the same period last year[24] - The cash outflow from operating activities was CNY 118.79 million, an increase of 45.34% from CNY 81.73 million in the previous year[24] - The cash flow from operating activities generated a net amount of ¥1,231,220.64, a decrease from ¥9,960,733.99 in the previous period[62] - The total cash and cash equivalents at the end of the period were ¥173,375,919.46, down from ¥205,072,110.95 at the beginning of the period[63] - The ending balance of cash and cash equivalents was ¥165,601,311.02, compared to ¥158,984,034.80 in the previous period[66] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,073,663,139.64, a slight increase of 0.82% from ¥1,064,888,238.27 at the end of the previous year[8] - The company's current assets decreased to CNY 791,626,761.07 from CNY 810,220,848.41 at the end of 2020, reflecting a decline of approximately 2.4%[44] - The company's total liabilities decreased to CNY 162,773,965.00 from CNY 175,656,675.34, a reduction of about 7.3%[46] - The total equity remained stable at CNY 910,889,174.64, with no significant changes reported[46] Operating Costs and Expenses - Total operating costs amounted to CNY 152,246,261.55, reflecting a 56.15% increase from CNY 97,499,137.94 year-on-year, primarily due to increased revenue[21] - Gross profit margin improved, with operating costs at CNY 124,128,637.05, up 53.63% from CNY 80,795,051.04, driven by higher sales[21] - Sales expenses surged by 119.20% to CNY 13,914,920.57 from CNY 6,348,086.25, driven by increased sales personnel costs and logistics expenses[21] - Tax and additional charges increased by 139.60% to CNY 1,441,517.06 from CNY 601,627.59, due to higher value-added tax and property taxes[21] Research and Development - Research and development expenses rose to CNY 7.18 million, marking an increase of 48.29% from CNY 4.84 million in the previous year[22] - The company is committed to increasing R&D investment to innovate and improve product quality in response to market pressures[30] - The company incurred research and development expenses of ¥5,420,511.05, an increase from ¥3,751,707.14, highlighting a focus on innovation[57] Market Strategy and Outlook - The company is focusing on expanding its market presence and enhancing product offerings through ongoing research and development initiatives[19] - Future outlook remains positive with expectations of continued revenue growth and strategic investments in technology and market expansion[19] - The company aims to expand its market share in the new energy vehicle component sector while enhancing product quality and innovation[26] Risks and Challenges - The company faces risks from declining sales prices due to intensified competition in the automotive market, which may lead to a decrease in gross margin[30] - Accounts receivable risk is present due to the increasing sales revenue and customer base, prompting the company to strengthen management and monitoring of receivables[33] - The company acknowledges the ongoing rise in labor costs as a risk factor and is focused on improving production efficiency to counteract this[31] Miscellaneous - The company received government subsidies amounting to ¥557,755.36 during the reporting period[9] - The total number of ordinary shareholders at the end of the reporting period was 16,968[12] - The first quarter report was not audited[68]