震安科技(300767) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was ¥151,349,200.44, representing a 59.24% increase compared to ¥95,045,309.66 in the same period last year[7]. - Net profit attributable to shareholders was ¥29,515,641.42, up 32.44% from ¥22,285,547.61 year-on-year[7]. - The net profit after deducting non-recurring gains and losses was ¥28,563,551.32, reflecting a 29.54% increase from ¥22,049,268.66 in the previous year[7]. - Basic earnings per share decreased by 26.42% to ¥0.2050 from ¥0.2786 in the same period last year[7]. - Operating profit reached CNY 34,498,690.57, compared to CNY 25,960,641.94 in the same period last year, reflecting a growth of approximately 33%[55]. - The company reported a total comprehensive income of CNY 29,515,641.42, compared to CNY 22,285,547.61 in the prior year[56]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥19,785,087.19, a decrease of 250.37% compared to ¥13,158,021.41 in the same period last year[7]. - Cash and cash equivalents increased by 38.31% to CNY 739.66 million, up from CNY 534.78 million at the end of 2020, due to funds raised from convertible bonds[15]. - The total cash and cash equivalents at the end of the period increased to 705,588,450.60 CNY from 477,747,127.92 CNY at the beginning of the period[64]. - The company reported a cash increase of 227,841,322.68 CNY during the period, contrasting with a decrease of 4,157,834.25 CNY in the previous period[64]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,802,112,004.51, an increase of 21.69% from ¥1,481,570,275.60 at the end of the previous year[7]. - Current liabilities totaled CNY 369,819,704.50, an increase from CNY 357,396,790.75 in the previous period, showing a rise of about 3.98%[47]. - Non-current liabilities increased to CNY 197,810,456.11 from CNY 14,796,071.70, marking a substantial rise[47]. - Owner's equity as of March 31, 2021, was CNY 1,235,331,843.90, compared to CNY 1,109,377,413.15 at the end of 2020, representing an increase of approximately 11.34%[48]. Operational Costs - Operating costs for Q1 2021 were CNY 81.86 million, up 101.23% from CNY 40.68 million in Q1 2020, primarily due to rising raw material prices[17]. - The total operating costs amounted to CNY 121,881,465.20, up from CNY 69,304,498.49, reflecting a significant increase[54]. - The average cost of key raw materials, including steel and rubber, accounts for approximately 60% of the production costs of isolation rubber bearings[26]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,130[10]. - The largest shareholder, Beijing Huachuang Sanxin Investment Management Partnership, held 20.70% of the shares, totaling 29,806,623 shares[10]. Research and Development - The company has ten major R&D projects, including the development of new friction dampers and isolation bearings aimed at enhancing performance and reducing costs[19]. - Research and development expenses totaled CNY 2,617,987.78, slightly higher than CNY 2,334,830.60 from the previous period[54]. - The company emphasizes continuous R&D investment and the introduction of professional talent to enhance product competitiveness and shorten the application cycle of new technologies[28]. Market and Competition - The company faces risks from intensified competition in the building isolation market, which may lead to a decline in gross margins and market share[24]. - The company is implementing measures to mitigate risks associated with raw material price fluctuations, including establishing strategic partnerships with suppliers[26]. Future Plans - The company plans to implement technical innovations to reduce production costs and may adjust product prices based on market conditions[17]. - The company plans to utilize part of the raised funds for the construction of a new intelligent seismic isolation product manufacturing base, with a total investment of RMB 31.61 million[38]. - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[52].