锦鸡股份(300798) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was CNY 251,234,069.95, representing a 24.79% increase compared to CNY 201,324,588.78 in the same period last year[8]. - Net profit attributable to shareholders was CNY 20,776,583.75, a significant increase of 172.93% from CNY 7,612,396.16 year-on-year[8]. - The net profit after deducting non-recurring gains and losses reached CNY 20,503,697.59, up 187.41% from CNY 7,133,999.26 in the previous year[8]. - Basic earnings per share increased to CNY 0.0497, reflecting a growth of 173.08% compared to CNY 0.0182 in the same quarter last year[8]. - The company achieved operating revenue of ¥251,234,069.95, a year-on-year increase of 24.79% due to the recovery of the dye industry as the pandemic situation improved[15]. - Net profit attributable to shareholders reached ¥20,776,600, representing a year-on-year growth of 172.93% driven by increased sales and improved gross margin[17]. - The gross profit margin increased to 17.65%, up 4.89 percentage points from the previous year, attributed to rising product prices and sales revenue[15]. - Total operating revenue for Q1 2021 was CNY 251,234,069.95, an increase from CNY 201,324,588.78 in the previous period[47]. - Total operating costs for Q1 2021 were CNY 225,161,360.77, up from CNY 192,807,029.17 year-over-year[48]. - Net profit for Q1 2021 reached CNY 20,800,298.36, compared to CNY 7,456,168.21 in the same period last year, representing a significant increase[49]. - The company reported a gross profit of CNY 44,072,709.18 for Q1 2021, reflecting improved operational efficiency[48]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 1,561,894,977.68, a 2.18% increase from CNY 1,528,625,972.38 at the end of the previous year[8]. - The net assets attributable to shareholders were CNY 1,233,063,344.48, which is a 1.61% increase from CNY 1,213,489,387.66 at the end of the last year[8]. - The company's current assets totaled CNY 1,044,337,642.42 as of March 31, 2021, compared to CNY 1,014,927,001.27 at the end of 2020, indicating an increase of about 2.9%[39]. - The total liabilities of the company were CNY 318,027,148.16 as of March 31, 2021, up from CNY 304,355,814.29 at the end of 2020, marking an increase of about 4.5%[41]. - The company's equity attributable to shareholders increased from CNY 1,213,489,387.66 on December 31, 2020, to CNY 1,233,063,344.48 by March 31, 2021, reflecting a growth of approximately 1.6%[42]. Cash Flow - The net cash flow from operating activities was negative at CNY -18,264,971.92, worsening by 76.70% compared to CNY -10,336,704.67 in the same period last year[8]. - Cash flow from operating activities showed a net outflow of ¥18,264,971.92, a 76.70% increase in outflow compared to the previous period, indicating rising operational costs[16]. - The company received cash inflow from financing activities amounting to ¥22,184,976.19, while cash outflow was ¥40,184,976.19, resulting in a net cash outflow[60]. - The company reported a significant increase in cash received from other operating activities, totaling 7,049,267.35 CNY compared to 4,659,725.97 CNY in the previous year[56]. - The net cash flow from investment activities for Q1 2021 was ¥5,000,000, compared to ¥34,000,000 in the same period last year, indicating a significant decrease[60]. Investments and Projects - The company completed the registration of 8 high-tech products and continued to track 7 new products developed in 2020, indicating a focus on R&D[18]. - 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 ¥124,787.28 million, with significant funding needs due to ongoing projects[21]. - The company plans to raise funds through convertible bonds to support the fine chemical products project, reflecting its strategy to expand operational scale[23]. - The company approved the issuance of convertible bonds to unspecified objects, with a total fundraising amount of 18,485.47 million yuan[25]. - The company plans to invest up to 100 million yuan in a new project to produce 2,000 tons of digital printing ink and 1,000 tons of high-purity colorants, utilizing idle land from a halted project[25]. - The company has invested 601.38 million yuan in the current quarter, with a total of 3,822.52 million yuan invested cumulatively, representing 20.68% of the planned investment[30]. - The company has adjusted its investment projects due to industry upgrades and the impact of the pandemic, changing the focus from a 30,000-ton high-end active dye project to a fine chemical products project[30]. - The new fine chemical products project will produce 39,600 tons of H acid and 368,500 tons of sulfuric acid and acetic acid, which are essential raw materials for active dye production[30]. Shareholder Information - The top shareholder, Zhao Weiguo, holds 18.42% of the shares, with a total of 76,951,817 shares[11]. - The company intends to acquire a 6% stake in its subsidiary, Tai Xing Jin Hui Chemical Co., Ltd., for a base price of 13,931.91 million yuan, to optimize its equity structure and enhance control[26]. - The company has completed the registration for the acquisition and paid a transaction deposit of 1.5 million yuan[26]. Compliance and Governance - The company has not reported any overdue commitments from its actual controllers, shareholders, or related parties during the reporting period[28]. - The company reported no violations regarding external guarantees during the reporting period[32]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[34]. - The company did not undergo an audit for the Q1 2021 report, which may affect the reliability of the financial data presented[61]. - The company has not applied the new leasing standards for the financial statements, indicating a potential area for future compliance[61].