润禾材料(300727) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was ¥252,411,838.59, representing a 118.48% increase compared to ¥115,530,551.50 in the same period last year[8]. - Net profit attributable to shareholders was ¥20,712,102.39, up 180.32% from ¥7,388,633.26 year-over-year[8]. - The net profit after deducting non-recurring gains and losses was ¥20,723,718.45, reflecting a 189.51% increase from ¥7,158,294.96 in the previous year[8]. - Basic earnings per share rose to ¥0.16, a 166.67% increase from ¥0.06 in the previous year[8]. - The company's total revenue for the reporting period reached 252.41 million yuan, a year-on-year increase of 118.48%[21]. - Net profit attributable to shareholders was 20.71 million yuan, representing a year-on-year growth of 180.32%[21]. - The total profit for Q1 2021 was CNY 24,287,422.73, compared to CNY 9,192,534.14 in the previous year, marking a growth of approximately 163%[58]. - The company's operating profit for Q1 2021 was CNY 24,328,278.73, significantly higher than CNY 9,550,332.14 in the previous year, showing an increase of around 154%[58]. - The total comprehensive income for Q1 2021 was CNY 20,712,102.39, compared to CNY 7,388,633.26 in the previous year, representing an increase of approximately 180%[59]. Cash Flow - The net cash flow from operating activities was ¥16,324,564.15, an increase of 32.22% compared to ¥12,346,862.23 in the same quarter last year[8]. - The company's cash flow from operating activities increased by 32.22% year-on-year, primarily due to a higher volume of cash received from sales[19]. - Cash flow from operating activities for Q1 2021 was CNY 175,301,065.16, compared to CNY 113,855,594.72 in the previous period, indicating a growth of approximately 54%[64]. - Total cash inflow from operating activities amounted to CNY 193,814,338.80, compared to CNY 125,873,532.16 in the previous year, indicating a year-over-year increase of 54%[66]. - Cash outflow from operating activities was CNY 177,489,774.65, up from CNY 113,526,669.93, reflecting a 56% increase[66]. - The net cash flow from investing activities was -CNY 35,744,758.60, worsening from -CNY 17,973,971.71 year-over-year[66]. - The net cash flow from financing activities was -CNY 20,170,200.00, unchanged from the previous year[67]. - The ending balance of cash and cash equivalents was CNY 68,989,324.33, down from CNY 98,173,016.09, a decline of 30%[67]. Assets and Liabilities - Total assets at the end of the reporting period were ¥996,728,245.03, a 6.36% increase from ¥937,151,189.48 at the end of the previous year[8]. - The total liabilities increased to ¥331,087,584.11 from ¥276,120,587.55, indicating a rise in financial obligations[54]. - The company's equity totaled ¥562,687,980.93, up from ¥555,353,754.87, showing a slight growth in shareholder value[54]. - The company's cash and cash equivalents decreased to CNY 87,293,678.08 from CNY 119,532,498.50, representing a decline of about 27%[48]. - Accounts receivable increased to CNY 173,637,362.31 from CNY 195,134,889.90, indicating a decrease of approximately 11%[48]. - The inventory level rose to CNY 102,466,592.86 from CNY 79,096,398.21, marking an increase of around 29.5%[48]. Shareholder Information - The total number of shareholders at the end of the reporting period was 18,836[12]. - Zhejiang Runhe Holdings Co., Ltd. held 41.45% of the shares, making it the largest shareholder[12]. Operational Insights - Management expenses increased by 43.57% year-on-year, attributed to higher personnel costs and new office furniture purchases[19]. - The company is focusing on technological innovation and product development to maintain its competitive edge in the organic silicon sector[23]. - The company is closely monitoring macroeconomic changes and market conditions to mitigate potential risks to its operations[25]. - The company has strengthened monitoring and analysis of the price trends of key raw materials such as DMC and MM to mitigate risks from price fluctuations[27]. - The company has implemented strategic reserve plans for raw materials and is enhancing cooperation with core suppliers to ensure stable supply[27]. - The company acknowledges the complexity of factors affecting stock prices, including operational performance and macroeconomic conditions, and advises investors to be aware of market risks[29]. Investment and Projects - The company plans to accelerate the construction of a 35kt/a organic silicon new materials project to enhance production capacity and competitiveness[24]. - The company has raised a total of 17,062.92 million CNY in funds, with 13,525.48 million CNY already invested in projects, achieving a 76.85% investment progress[36]. - The company’s project for an annual production capacity of 25,000 tons of silicone materials reached its predetermined usable state in November 2020[36]. - The cumulative amount of changed-use funds is 3,537.44 million CNY, representing 20.73% of the total raised funds[36]. - The company is actively promoting its non-public issuance of shares and fulfilling its information disclosure obligations[33]. - The company has received approval from the China Securities Regulatory Commission for its non-public issuance of A-shares, indicating progress in its capital raising efforts[31]. Research and Development - Research and development expenses for the quarter were ¥7,316,296.49, compared to ¥6,034,984.31 in the same period last year, reflecting a focus on innovation[57]. - Research and development expenses for Q1 2021 amounted to CNY 4,900,409.14, compared to CNY 3,972,473.97 in the previous year, reflecting an increase of about 23%[61].