中旗股份(300575) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was ¥493,571,452.38, representing an increase of 8.02% compared to ¥456,920,913.02 in the same period last year[7] - Net profit attributable to shareholders was ¥60,038,593.93, up 19.67% from ¥50,171,426.22 year-on-year[7] - The net profit after deducting non-recurring gains and losses was ¥57,197,695.47, reflecting a 19.23% increase from ¥47,973,226.45 in the previous year[7] - The basic earnings per share increased by 15.79% to ¥0.44 from ¥0.38 in the same period last year[7] - The diluted earnings per share rose by 18.42% to ¥0.45 compared to ¥0.38 in the previous year[7] - The total operating revenue for the first quarter of 2021 was CNY 493,571,452.38, an increase from CNY 456,920,913.02 in the previous period[41] - Operating profit for Q1 2021 reached CNY 67,391,838.71, compared to CNY 60,142,658.44 in the same period last year, reflecting a growth of approximately 4.1%[43] - Net profit for Q1 2021 was CNY 60,301,557.99, up from CNY 49,325,486.70, representing an increase of about 22.5% year-over-year[43] - The total profit for Q1 2021 was CNY 67,260,190.93, an increase from CNY 59,493,510.17, which is approximately 12.5% higher than the previous year[43] - The total comprehensive income for Q1 2021 was CNY 60,301,557.99, compared to CNY 49,325,486.70, showing an increase of about 22.5%[44] Cash Flow and Assets - The net cash flow from operating activities was -¥44,411,036.05, a significant decline of 374.63% from -¥9,356,916.97 in the same period last year[7] - The company's cash and cash equivalents decreased by 31.76%, from 685,681,819.5 to 467,909,247, primarily due to loan repayments[19] - The ending cash and cash equivalents balance was CNY 397,555,319.58, down from CNY 364,869,540.73 in the previous period[52] - The cash inflow from operating activities totaled CNY 396,181,122.11, an increase from CNY 331,988,372.82 in the previous period[50] - The net cash outflow from operating activities was CNY -44,411,036.05, compared to CNY -9,356,916.97 in the prior period[51] - Cash inflow from investment activities amounted to CNY 403,302,502.85, significantly higher than CNY 26,520,856.64 in the previous period[51] - The net cash outflow from investment activities was CNY -1,026,505.36, an improvement from CNY -10,660,894.22 in the prior period[51] - The net cash outflow from financing activities was CNY -188,033,061.33, worsening from CNY -47,287,365.60 in the prior period[52] - The company experienced a net decrease in cash and cash equivalents of CNY -275,328,661.80 during the period[55] Balance Sheet Highlights - Total assets at the end of the reporting period were ¥2,451,668,109.89, down 3.49% from ¥2,540,212,366.99 at the end of the previous year[7] - Net assets attributable to shareholders increased by 4.60% to ¥1,524,479,024.19 from ¥1,457,503,003.93 at the end of the previous year[7] - The total liabilities decreased to CNY 924,657,231.95 from CNY 1,080,440,473.37 in the previous period[35] - The total equity attributable to shareholders of the parent company increased to CNY 1,524,479,024.19 from CNY 1,457,503,003.93[36] - The company's long-term investments slightly increased to CNY 1,068,549.22 from CNY 1,237,537.60[34] - The construction in progress increased to CNY 253,330,049.58 from CNY 214,989,163.68[34] Operational Insights - The company reported a total of 7,700 common shareholders at the end of the reporting period[11] - Accounts receivable increased by 43.85%, from 249,659,132.9 to 359,135,216, attributed to higher sales to major clients[19] - Research and development expenses rose by 88.36%, from 6,824,900.76 to 12,855,649.6, reflecting increased investment in new projects[19] - The company reported a total operating cost of CNY 424,384,951.96, up from CNY 392,356,071.30, indicating a rise of about 8.2%[42] - The company incurred a credit impairment loss of CNY -5,987,116.52, compared to CNY -5,164,968.76 in the previous period, indicating a worsening in credit quality[42] Risks and Future Plans - The company faces risks related to raw material supply and price fluctuations, which significantly impact operating costs and gross margins[23] - Environmental protection and safety production risks are present due to the nature of the pesticide industry, with potential impacts on operations if not managed properly[23] - Foreign exchange risk is a concern due to a high proportion of overseas sales, with measures in place to manage this risk effectively[24] - The company plans to accelerate new project construction at production bases, which may lead to increased capital expenditures and operational costs in the short term[24] - The company continues to execute its annual operational plan, focusing on steady improvements across R&D, production, and market management[22] Shareholder Actions - The company has initiated the repurchase and cancellation of 39,000 restricted stocks due to the departure of four incentive plan participants[26] - The top five suppliers accounted for 26.42% of total procurement, with a total procurement amount of 89.14 million yuan, slightly up from 24.09% in the same period last year[22] - Sales to the top five customers totaled 303.78 million yuan, representing 61.55% of total sales, up from 41.80% year-on-year, indicating a 19.75% increase[22]