RC(SZ:300596)2021-04-27 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥821,422,925.46, representing a 45.94% increase compared to ¥562,866,375.94 in the same period last year[7]. - The net profit attributable to shareholders for Q1 2021 was ¥90,396,947.81, up 42.84% from ¥63,285,692.37 in the previous year[7]. - Basic earnings per share for Q1 2021 were ¥0.4409, a 42.82% increase from ¥0.3087 in the same quarter last year[7]. - The company achieved operating revenue of ¥821,422,925.46, a year-on-year increase of 45.94%[20]. - Net profit attributable to shareholders reached ¥90,396,947.81, up 42.84% compared to the same period last year[20]. - Total operating revenue for the current period reached ¥821,422,925.46, a significant increase from ¥562,866,375.94 in the previous period, representing a growth of approximately 46%[64]. - Net profit for the current period was ¥91,602,078.29, compared to ¥61,259,954.48 in the previous period, reflecting an increase of approximately 49%[70]. - Earnings per share (EPS) for the current period was ¥0.4409, up from ¥0.3087 in the previous period, marking an increase of about 43%[74]. - The company achieved a total comprehensive income of ¥90,179,747.65, up from ¥62,867,188.68, indicating an increase of approximately 43.6%[74]. Cash Flow and Liquidity - The net cash flow from operating activities increased significantly by 269.49%, reaching ¥45,599,776.45 compared to ¥12,341,394.12 in Q1 2020[7]. - Cash inflow from operating activities totaled ¥617,290,376.23, a 47.68% increase driven by expanded operations[20]. - The company reported a cash balance of approximately ¥225.88 million as of March 31, 2021, an increase from ¥191.47 million on December 31, 2020, reflecting a growth of about 17.9%[48]. - The cash and cash equivalents at the end of the period amount to CNY 195,865,070.40, down from CNY 364,945,559.29 at the end of the previous period[88]. - The net cash flow from financing activities for the current period is CNY 104,763,170.39, compared to CNY 169,895,248.96 in the previous period, indicating a decrease of approximately 38.4%[88]. - Cash flow from investing activities resulted in a net outflow of CNY 127,870,927.86, compared to a net outflow of CNY 59,659,140.67 in the previous period[86]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,092,755,120.56, reflecting a 7.33% increase from ¥3,813,249,520.04 at the end of the previous year[7]. - The net assets attributable to shareholders increased by 4.17%, amounting to ¥2,245,346,391.94 compared to ¥2,155,417,991.17 at the end of the last year[7]. - Total current assets amounted to approximately ¥1.74 billion as of March 31, 2021, compared to ¥1.62 billion at the end of 2020, reflecting a growth of about 6.8%[48]. - Current liabilities rose to CNY 1,331,027,857.50, compared to CNY 1,224,944,027.49, indicating an increase of approximately 8.66%[54]. - The total liabilities reached CNY 1,821,460,917.50, up from CNY 1,633,086,589.43, which is an increase of approximately 11.53%[54]. - The company's equity attributable to shareholders rose to CNY 2,245,346,391.94 from CNY 2,155,417,991.17, reflecting an increase of about 4.18%[57]. Operational Insights - The increase in revenue was driven by sustained demand from downstream customers and an increase in market share[20]. - Research and development expenses rose to ¥33,954,645.86, reflecting a 36.41% increase due to enhanced R&D investment[20]. - The company faced risks related to raw material price fluctuations, which could impact production costs[28]. - The company is committed to enhancing its core competitiveness through continuous innovation and R&D efforts[23]. - The company plans to strengthen its management team and introduce specialized technical talent to address the challenges posed by rapid business expansion[33]. - The company aims to optimize its internal management systems and processes to reduce management risks associated with its rapid expansion[33]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,810[12]. - The largest shareholder, Tianjin Lianlong Technology Group Co., Ltd., held 15.83% of the shares, amounting to 32,461,290 shares[12]. - The company did not engage in any repurchase transactions during the reporting period[16]. Acquisitions and Investments - The company is in the process of acquiring a 92.2109% stake in Jinzhou Kangtai Lubricant Additives Co., Ltd., which is expected to enhance its market position in the fine chemical sector[34]. - The company will conduct annual risk impairment tests to identify and respond to potential risks associated with its acquisitions[35].