华信新材(300717) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was CNY 65,205,666.43, representing a 0.36% increase compared to CNY 64,974,044.83 in the same period last year[8] - Net profit attributable to shareholders decreased by 11.11% to CNY 9,232,351.91 from CNY 10,386,673.83 year-on-year[8] - Basic and diluted earnings per share both decreased by 11.05% to CNY 0.0902 from CNY 0.1014 year-on-year[8] - The total operating revenue for the reporting period was 65.21 million yuan, an increase of 0.36% compared to the same period last year[23] - The net profit attributable to shareholders was 9.23 million yuan, a decrease of 11.11% year-on-year[23] - The net profit after deducting non-recurring gains and losses was 8.58 million yuan, down 13.76% from the previous year[23] - The net profit for Q1 2021 was CNY 9,232,351.91, a decrease from CNY 10,386,673.83 in the previous year, reflecting a decline of approximately 11.08%[44] - The basic and diluted earnings per share for Q1 2021 were both CNY 0.0902, down from CNY 0.1014 in the same period last year, a decrease of about 11.79%[45] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly, showing a 70.09% increase to -CNY 5,775,670.48 from -CNY 19,307,168.62 in the previous year[8] - The cash flow from operating activities for Q1 2021 was CNY 43,303,461.82, compared to CNY 44,841,291.24 in the previous year, indicating a decrease of about 3.44%[46] - Total cash inflow from investment activities was 9,051,519.65, while cash outflow was 8,053,267.66, resulting in a net cash flow of 998,251.99, contrasting with a significant outflow of -33,702,183.15 in the previous year[48] - The cash and cash equivalents at the end of Q1 2021 stood at 109,732,784.89, down from 113,939,868.55 at the beginning of the quarter, reflecting a net decrease of 4,207,083.66[48] - The company received 1,366,905.15 in tax refunds during the quarter, compared to 784,313.13 in the same period last year, showing a year-over-year increase of approximately 74.2%[47] - Cash paid for purchasing goods and services was 37,836,005.43, a decrease of 28.8% from 53,079,859.68 in Q1 2020, indicating cost control measures[47] - The impact of exchange rate changes on cash and cash equivalents was a positive 570,334.83, compared to 1,109,213.68 in Q1 2020, indicating a decrease in foreign exchange gains[48] Assets and Liabilities - Total assets at the end of the reporting period were CNY 665,786,790.38, a slight decrease of 0.18% from CNY 666,971,952.31 at the end of the previous year[8] - The total liabilities decreased to CNY 55,875,529.83 from CNY 66,293,043.67, a reduction of approximately 15.43%[39] - The total amount of purchases from the top five suppliers was 28.71 million yuan, accounting for 37.30% of total purchases, a decrease from 60.10% in the previous year[25] - The inventory as of the end of Q1 2021 was CNY 50,517,319.70, up from CNY 41,846,140.08, indicating an increase of about 20.56%[37] - The total non-current assets increased to CNY 359,894,854.46 from CNY 355,403,992.38, a growth of approximately 1.39%[38] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,544[12] - The largest shareholder, Jiangsu Huazhi Industrial Co., Ltd., holds 51.00% of the shares, totaling 52,224,000 shares[12] - There were no repurchase transactions conducted by the top 10 shareholders during the reporting period[15] Operational Insights - The company's sales expenses decreased by 81.15% to 493,547.07 yuan, mainly due to transportation costs being included in operating costs[21] - The company's financial expenses improved by 48.51%, resulting in a loss of 665,569.35 yuan, attributed to a decrease in exchange gains[21] - Research and development expenses for Q1 2021 were CNY 2,104,382.26, an increase from CNY 1,984,049.34 in the same period last year, reflecting a growth of approximately 6.06%[43] - The company plans to continue promoting the development of environmentally friendly decorative materials to increase annual production and sales ratios[27] - The company faces risks from fluctuations in raw material prices, particularly for PVC products, and plans to mitigate this by purchasing in bulk during low price periods[28] Audit and Compliance - The first quarter report was not audited, which may affect the reliability of the financial data presented[50] - The company did not need to adjust the initial balance sheet for the new leasing standards, as its leasing activities are classified as short-term[49]