雄塑科技(300599) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was CNY 471,550,718.23, representing a 50.55% increase compared to CNY 313,208,708.13 in the same period last year[7] - Net profit attributable to shareholders was CNY 43,831,002.33, up 46.22% from CNY 29,976,566.42 year-on-year[7] - The net profit after deducting non-recurring gains and losses was CNY 42,903,451.89, reflecting a 44.72% increase from CNY 29,645,264.71 in the previous year[7] - The basic earnings per share increased by 40.00% to CNY 0.14 from CNY 0.10 in the same period last year[7] - The weighted average return on equity was 2.43%, up from 1.86% in the previous year, indicating improved profitability[7] - The total comprehensive income for the period was ¥43,831,002.33, consistent with the net profit, reflecting stable financial performance[54] Cash Flow - The net cash flow from operating activities improved significantly, with a net outflow of CNY 7,942,050.07, a 77.83% reduction from CNY 35,824,924.27 in the previous year[7] - The cash inflow from operating activities was CNY 446,946,487.64, an increase of 33.4% compared to CNY 334,963,280.27 in the previous period[59] - The cash outflow from operating activities totaled CNY 454,888,537.71, up from CNY 370,788,204.54, resulting in a net cash flow from operating activities of CNY -7,942,050.07, an improvement from CNY -35,824,924.27[60] - The cash inflow from investment activities was CNY 17,087,819.18, down 51.4% from CNY 35,091,287.67 in the previous period[61] - The cash outflow from investment activities was CNY 63,113,450.84, a decrease of 32.4% compared to CNY 93,492,164.35[62] - The net cash flow from investment activities was CNY -46,025,631.66, an improvement from CNY -58,400,876.68[63] - The net increase in cash and cash equivalents was CNY -44,497,783.31, an improvement from CNY -94,263,844.69[65] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,217,674,333.44, a decrease of 1.76% from CNY 2,257,348,590.89 at the end of the previous year[7] - The net assets attributable to shareholders increased by 2.52% to CNY 1,783,906,076.07 from CNY 1,740,075,073.74 at the end of the previous year[7] - Total liabilities decreased to CNY 433,768,257.37 from CNY 517,273,517.15, a reduction of 16.1%[46] - Total current assets amounted to CNY 1,119,130,465.41, a decrease of 4.3% from CNY 1,169,471,430.44 on December 31, 2020[44] - Cash and cash equivalents decreased to CNY 491,285,103.51 from CNY 535,782,886.82, reflecting a decline of 8.3%[44] Research and Development - Research and development expenses rose by 55.69% to ¥13,829,473.94 from ¥8,882,459.49, reflecting increased investment in R&D[20] - The company is working on PVC pipes for agricultural irrigation, optimizing existing formulations to meet modern agricultural needs[23] - A new production method for double-wall corrugated pipes is being developed to enhance production efficiency and competitiveness[23] - The company plans to develop high-strength PVC pipes with improved heat resistance, addressing existing material limitations[23] Investment and Projects - The company is investing approximately 700 million yuan in a new polymer material production base and research center project[32] - The company plans to produce 82,000 tons of new plastic pipes and accessories annually in Jiangxi and 52,000 tons in Henan as part of its investment projects[28] - The "Jiangxi New Plastic Pipe and Accessories Project" has achieved a cumulative investment of CNY 15,750.54 million, which is 99.76% of the planned investment[36] - The "Henan New PVC Pipe, PE Pipe, and PPR Pipe Project" has a cumulative investment of CNY 14,663 million, representing 82.75% of the planned investment[36] Market and Competition - The company has identified risks related to macroeconomic slowdown, intensified industry competition, and raw material price fluctuations[25][26][27] - The company has increased its marketing efforts to counteract rising raw material costs, ensuring steady business performance[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 17,045, indicating a broad base of investor support[11] - The top five suppliers accounted for 42.04% of the total procurement amount, which was 119.65 million yuan[24] - The top five customers contributed 8.52% of the total sales amount, totaling 40.16 million yuan[24]