南京聚隆(300644) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was CNY 375,547,910.46, representing a 150.83% increase compared to CNY 149,719,615.38 in the same period last year[8]. - Net profit attributable to shareholders was CNY 15,086,017.37, a 196.34% increase from CNY 5,090,721.21 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was CNY 13,189,549.26, up 225.79% from CNY 4,048,445.26 in the previous year[8]. - The basic earnings per share increased to CNY 0.2366, a rise of 197.61% compared to CNY 0.0795 in the same quarter last year[8]. - Operating profit, total profit, and net profit grew by 180.06%, 183.16%, and 198.81% respectively, mainly due to increased sales revenue and reduced expense ratios[20]. - The company's operating revenue reached 376 million yuan, a year-on-year increase of 150.83%[22]. - The net profit for Q1 2021 reached CNY 15.60 million, up from CNY 5.19 million in Q1 2020, indicating a year-over-year growth of approximately 200%[59]. - The total comprehensive income for Q1 2021 was CNY 15.60 million, compared to CNY 5.19 million in the same quarter of the previous year[60]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,431,288,744.93, reflecting a 5.22% increase from CNY 1,360,228,169.16 at the end of the previous year[8]. - The net assets attributable to shareholders were CNY 738,807,492.23, which is a 2.38% increase from CNY 721,654,264.86 at the end of the last year[8]. - Total liabilities increased to CNY 587,797,387.09 from CNY 544,321,398.30 year-on-year[51]. - Owner's equity totaled CNY 755,132,068.12, up from CNY 737,465,499.19 in the previous year[51]. - As of March 31, 2021, the company had a total current asset of CNY 998,321,550.44, an increase from CNY 939,389,550.26 as of December 31, 2020, reflecting a growth of approximately 6.5%[45]. Cash Flow - The net cash flow from operating activities was negative CNY 89,307,692.45, a decline of 786.53% compared to a positive CNY 13,008,568.62 in the same period last year[8]. - Cash inflow from operating activities was CNY 253.57 million, significantly higher than CNY 143.75 million in Q1 2020, showing improved cash generation capabilities[62]. - Total cash inflow from operating activities was 239,570,200.87 CNY, while cash outflow was 316,095,418.17 CNY, resulting in a cash flow deficit[66]. - The ending balance of cash and cash equivalents decreased to 39,915,675.49 CNY from 152,847,607.05 CNY in the previous period[67]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,713[12]. - The top shareholder, Liu Yue, holds 14.45% of the shares, amounting to 9,249,010 shares[12]. Research and Development - Research and development expenses increased by 70.62% year-on-year, driven by higher spending on new product development[20]. - Research and development expenses for Q1 2021 were CNY 11,374,784.26, compared to CNY 6,666,583.29 in the same period last year[54]. - The company aims to enhance its R&D capabilities to develop new products and explore new markets in response to market demand fluctuations[26]. Government Support and Subsidies - The company received government subsidies amounting to CNY 1,772,916.22 during the reporting period[9]. Investment Projects - The total amount of raised funds is CNY 25,263.4 million, with CNY 2,473.68 million invested in the current quarter[35]. - The cumulative amount of raised funds utilized is CNY 20,394.69 million, representing 80.8% of the total raised[35]. - The project for high-performance nylon composite material production line has achieved an investment progress of 90.21%[35]. - The project for lightweight polypropylene functional materials production line has achieved an investment progress of 86.43%[35]. - The smart production upgrade project has achieved an investment progress of 79.38%[35]. - The technology research and development center construction project has achieved an investment progress of 28.46%[35]. Risk Management - The company plans to mitigate procurement risks by combining various purchasing strategies and closely monitoring international oil price fluctuations[24]. - The company faces foreign exchange risks due to fluctuations in the RMB exchange rate, impacting import and export costs[32]. - The company is closely monitoring the development of the COVID-19 pandemic and will actively respond to mitigate its adverse effects on production and operations[31].