KFMI(SZ:300666)2021-04-15 16:00Financial Performance - The company's revenue for Q1 2021 was ¥317,366,474.99, representing a 32.89% increase compared to ¥238,827,841.72 in the same period last year[8] - Net profit attributable to shareholders was ¥17,588,163.03, a 5.15% increase from ¥16,726,746.25 year-over-year[8] - The net profit excluding non-recurring gains and losses was ¥21,750,687.27, up 34.68% from ¥16,150,003.27 in the previous year[8] - The company's operating revenue for the first quarter reached ¥317,366,474.99, representing a 32.89% increase compared to ¥238,827,841.72 in the same period last year[41] - Operating costs increased by 40.59% to ¥222,424,329.92, up from ¥158,202,855.15, primarily due to the corresponding increase in sales revenue[41] - Research and development expenses surged by 86.40% to ¥21,136,063.32, compared to ¥11,339,323.53, reflecting the company's intensified focus on technology development[41] - The company reported a significant increase in prepayments, which rose by 98.88% to ¥6,467,448.02 from ¥3,251,959.17, mainly due to increased advance payments for materials[41] - The company reported a net cash flow from operating activities of -29,232,209.69, an improvement of 52.29% compared to the previous year[48] - The company’s total cash and cash equivalents decreased by 47,703,922.74, a 40.46% reduction year-on-year[48] - The company’s minority shareholders' losses amounted to -1,995,799.02, reflecting a 309.17% increase compared to the previous year[48] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,617,460,898.69, reflecting a 10.37% increase from ¥2,371,502,811.46 at the end of the previous year[8] - The company's total assets amounted to approximately CNY 2.62 billion, an increase from CNY 2.37 billion at the end of the previous period[75] - The company's current assets totaled approximately CNY 1.23 billion, showing a slight increase from CNY 1.22 billion in the previous period[72] - The company's total liabilities increased by 53.24% to ¥170,004,633.61, up from ¥110,938,832.22, due to the addition of long-term bank loans[41] - Total liabilities increased to ¥1,398,317,205.88 from ¥1,167,669,708.94, reflecting a rise of approximately 19.7%[88] - Long-term borrowings increased significantly to ¥170,004,633.61 from ¥110,938,832.22, representing a growth of approximately 53.1%[88] Shareholder Information - The total number of shares held by Yao Lijun is 45,807,200, with details on the pledge situation disclosed in announcements on January 15 and January 25, 2021[20] - The number of restricted shares held by Yao Lijun decreased from 46,387,757 to 46,119,032 after 268,725 shares were released[21] - The top ten shareholders did not engage in any repurchase transactions during the reporting period[20] - The total number of shares held by Shanghai Zhidin Boneng Investment Partnership is 9,531,241, with 4,574,523 shares held through a margin trading account[20] - The total number of restricted shares for Zhang Huiyang decreased from 4,101,804 to 3,076,554 after 1,025,250 shares were released[26] - The total number of restricted shares for Ningbo Jinfeng Investment Partnership remains at 4,156,930, with no changes during the reporting period[26] Research and Development - Research and development expenses increased significantly to ¥15,507,145.41, compared to ¥7,792,387.24, marking a rise of 98.0%[98] - The company obtained 7 new invention patents during the reporting period, contributing to a total of 339 valid domestic patents[49] Cash Flow and Financing - The net cash flow from financing activities surged to 190,563,389.55, a significant increase of 1064.45% compared to the previous year[48] - Cash inflow from financing activities reached CNY 594,355,938.33, up from CNY 301,833,279.06 in the prior period[111] - Investment activities resulted in a net cash outflow of CNY 233,278,880.46, compared to a net inflow of CNY 11,388,528.30 in the prior period[115] Risks and Market Conditions - Demand for LCD carbon fiber composite components may decline if downstream LCD manufacturers slow down or halt expansion, potentially negatively impacting the company's performance[60] - The company faces risks from exchange rate fluctuations, particularly as a significant portion of its sales revenue is denominated in USD and JPY, which could affect product competitiveness and net profit[61] - The company plans to enhance its awareness of exchange rate risk and implement measures such as timely currency conversion and locking in exchange rates to mitigate potential impacts on profitability[64] Other Comprehensive Income - Other comprehensive income rose by 43.21% to ¥1,660,944.73 from ¥1,159,757.55, mainly due to increased foreign currency translation differences[41] - Other comprehensive income after tax for the current period was ¥345,755.08, compared to ¥161,089.84 in the previous period, showing an increase of 114.5%[94]