锦鸡股份(300798) - 2021 Q1 - 季度财报

Financial Performance - Revenue for Q1 2021 reached ¥251,234,069.95, an increase of 24.79% compared to ¥201,324,588.78 in the same period last year[8] - Net profit attributable to shareholders was ¥20,776,583.75, representing a significant increase of 172.93% from ¥7,612,396.16 year-over-year[8] - The net profit after deducting non-recurring gains and losses was ¥20,503,697.59, up 187.41% from ¥7,133,999.26 in the previous year[8] - Basic earnings per share rose to ¥0.0497, a 173.08% increase compared to ¥0.0182 in the same period last year[8] - The weighted average return on equity improved to 1.70%, up from 0.63% year-over-year, reflecting enhanced profitability[8] - The gross profit margin increased to 17.65%, up 4.89 percentage points from the previous year, driven by higher product prices and sales revenue[17] - Net profit attributable to shareholders reached CNY 20.78 million, representing a year-on-year growth of 172.93%[17] - The company reported a significant increase in tax expenses, with taxes and surcharges amounting to CNY 2.17 million, up 166.82% year-on-year due to increased sales revenue[17] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,561,894,977.68, a 2.18% increase from ¥1,528,625,972.38 at the end of the previous year[8] - Net assets attributable to shareholders increased to ¥1,233,063,344.48, up 1.61% from ¥1,213,489,387.66 at the end of the last year[8] - Total liabilities increased to CNY 318,027,148.16 from CNY 304,355,814.29, reflecting a rise of approximately 4.4%[41] - The company's equity attributable to shareholders reached CNY 1,233,063,344.48, up from CNY 1,213,489,387.66, indicating an increase of about 1.6%[42] Cash Flow - The net cash flow from operating activities was negative at -¥18,264,971.92, worsening by 76.70% compared to -¥10,336,704.67 in the same period last year[8] - Cash flow from operating activities showed a net outflow of CNY 18.26 million, a decrease of 76.70% compared to the previous year, primarily due to increased cash outflows related to taxes and operations[16] - The cash inflow from financing activities was 22,184,976.19 CNY, with no cash outflow reported in this category[57] - The cash flow from investment activities showed a net inflow of 3,619,923.57 CNY, a recovery from a net outflow of -50,000.00 CNY in the previous year[56] Investments and Projects - The company plans to invest up to 100 million yuan in a new project to produce 2,000 tons of textile digital printing ink and 1,000 tons of high-purity colorants, utilizing idle land from a halted project[25] - The company is advancing the construction of the fine chemical products project, having obtained necessary permits and officially commenced construction[19] - The total investment for the fine chemical products project (Phase I) is CNY 124.79 million, with a funding gap that the company plans to address through various financing methods[21] - The company has halted the dye intermediate project and is reallocating resources to a fine chemical products project, which will produce 39,600 tons of H acid and 368,500 tons of sulfuric and acetic acids annually[30] Shareholder Information - The total number of shareholders at the end of the reporting period was 13,844, indicating a stable shareholder base[11] - The company has agreed to participate in a bid to acquire 6% equity in its subsidiary, Tai Xing Jin Hui Chemical Co., Ltd., for a base price of 13.93191 million yuan, aiming to optimize the equity structure and enhance control[26] - The company has not reported any overdue commitments from actual controllers, shareholders, or related parties during the reporting period[28] Operational Efficiency - The company has implemented lean production methods to reduce waste and improve efficiency in operations[20] - The company is closely monitoring macroeconomic trends to adjust its development strategies and operational methods accordingly[21] - The company has adjusted the investment project from producing high-end active dyes to fine chemical products to improve investment efficiency and returns[30] Research and Development - The company completed the registration of 8 high-tech products and made continuous improvements to 4 existing products during the reporting period[18] - Research and development expenses for Q1 2021 were CNY 4,736,183.12, slightly higher than CNY 4,464,753.76 in the previous year[48] Compliance and Governance - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[34] - There were no violations regarding external guarantees during the reporting period[32] - The company did not undergo an audit for the Q1 2021 report[61]