容大感光(300576) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was ¥172,066,050.78, representing an increase of 83.16% compared to ¥93,944,842.02 in the same period last year[8]. - Net profit attributable to shareholders for Q1 2021 was ¥17,118,000.90, up 113.87% from ¥8,004,077.75 in the previous year[8]. - Basic and diluted earnings per share for Q1 2021 were both ¥0.11, reflecting a growth of 120.00% from ¥0.05 in the same quarter last year[8]. - The company achieved operating revenue of CNY 172.07 million, a year-on-year increase of 83.16%, primarily due to the consolidation of Gaoshi's financial statements[30]. - The net profit attributable to shareholders of the listed company was CNY 17.12 million, representing a year-on-year growth of 113.87%, mainly due to the consolidation of Gaoshi's financial statements[30]. - The company reported a total comprehensive income of CNY 17,118,000.90 for the period, compared to CNY 8,004,077.75 in the previous year, indicating a growth of 113.4%[78]. Cash Flow - The net cash flow from operating activities reached ¥14,821,891.02, a significant increase of 338.64% compared to ¥3,379,061.26 in Q1 2020[8]. - Operating cash inflows totaled CNY 103.74 million, a 122.41% increase, attributed to higher collections and government subsidies received[26]. - The company's cash flow from operating activities showed a net inflow of CNY 14.82 million, a 338.64% increase, indicating improved cash management[26]. - Cash and cash equivalents at the end of the period amounted to CNY 97.03 million, an increase of 82.32% from the beginning of the period, driven by increased collections and the acquisition of Gaoshi[23]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,042,003,861.20, an increase of 3.03% from ¥1,011,401,807.13 at the end of the previous year[8]. - The company's total liabilities decreased to CNY 487,199,554.28 from CNY 499,553,163.89, showing a reduction of about 2.71%[57]. - The company's equity attributable to shareholders increased to CNY 554,804,306.92, up from CNY 511,848,643.24, marking a growth of approximately 8.37%[60]. - The company's total liabilities to equity ratio improved to approximately 0.88, down from 0.97, indicating a stronger equity position relative to liabilities[57]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 28,763[12]. - Major shareholders include Lin Haiwang with 13.53% and Yang Yuchun with 12.85% of the shares[12]. Research and Development - Research and development expenses increased by 59.02% compared to the previous period[30]. - Research and development expenses amounted to CNY 9,053,275.35, compared to CNY 5,693,257.39 in the previous year, an increase of about 59.5%[72]. - The company has increased its patent portfolio, with a total of 40 patents, including 38 invention patents and 2 utility model patents, as of the reporting period[32]. Risks and Challenges - The company faces risks related to concentrated product application areas, particularly in the PCB and flat panel display industries, which may impact profitability due to market fluctuations[35]. - The company is at risk of declining gross margins due to increasing competition from both domestic and foreign manufacturers in the electronic chemicals sector[36]. - Raw material costs, which constitute a significant portion of the company's expenses, have been volatile, impacting production stability and profitability[40]. - The company has seen an increase in accounts receivable, which poses a risk to its financial stability if major customers face operational difficulties[39]. Government Support - The company received government subsidies amounting to ¥1,520,315.26 during the reporting period[8]. - The electronic chemicals industry in China is expected to experience significant growth due to government support and investment in strategic emerging industries[31]. Other Financial Information - The company has issued 1,248,000 convertible bonds, with a total share count of 156,753,349 shares post-issuance[41]. - The company did not report any violations regarding external guarantees or non-operational fund occupation by major shareholders during the reporting period[47]. - The company did not apply the new leasing standards for the financial statements starting from 2021[97]. - The first quarter report for 2021 was not audited[99].