Financial Performance - The company's revenue for Q1 2021 reached ¥135,060,276.12, representing a 91.16% increase compared to ¥70,654,013.66 in the same period last year[8] - Net profit attributable to shareholders was ¥20,042,223.85, up 132.91% from ¥8,605,222.26 year-on-year[8] - Basic earnings per share rose to ¥0.35, reflecting a 133.33% increase from ¥0.15 in the same quarter last year[8] - The total profit reached CNY 23,814,955.89, marking a 125.31% growth year-on-year[27] - The company reported a net profit excluding non-recurring gains and losses of ¥19,508,372.63, which is a 116.78% increase from ¥8,999,145.37 year-on-year[8] - The company reported a net profit of CNY 375,058,851.36, up from CNY 355,016,627.51, representing an increase of approximately 5.6%[59] - Total operating revenue for the current period reached ¥135,060,276.12, a significant increase from ¥70,654,013.66 in the previous period, representing an increase of approximately 91.2%[68] - Total operating costs amounted to ¥110,162,041.62, up from ¥60,146,076.12, indicating a rise of about 83.3%[71] - The company reported a profit before tax of ¥23,814,955.89, up from ¥10,569,699.85, which is an increase of approximately 125.5%[74] - The total comprehensive income for the current period was ¥20,042,223.85, compared to ¥8,605,222.26 in the previous period, indicating an increase of about 133.5%[76] Cash Flow and Investments - The net cash flow from operating activities was -¥25,090,883.73, a significant increase of 1,751.98% compared to -¥1,354,816.85 in the previous year[8] - Cash inflow from operating activities totaled ¥61,376,957.05, up from ¥47,989,453.57 year-over-year, indicating a growth of approximately 28.5%[89] - Cash outflow from operating activities was ¥86,467,840.78, compared to ¥49,344,270.42 in the previous period, resulting in a net cash flow from operating activities of -¥25,090,883.73, worsening from -¥1,354,816.85[89] - Cash inflow from investment activities was ¥159,904,283.20, down from ¥217,866,618.39, while cash outflow for investment activities was ¥276,088,985.42, leading to a net cash flow from investment activities of -¥116,184,702.22[89] - Cash inflow from financing activities amounted to ¥19,767,057.85, while cash outflow was ¥11,442,048.02, resulting in a net cash flow from financing activities of ¥8,325,009.83[91] - The ending cash and cash equivalents balance was ¥79,064,035.12, a decrease from ¥38,677,650.39 in the previous period[91] Shareholder Information - The total number of shareholders at the end of the reporting period was 9,002[11] - The largest shareholder, Shenzhen Moma New Materials Investment Co., Ltd., held 27.87% of the shares[11] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,086,128,937.38, a 0.98% increase from ¥1,075,593,398.33 at the end of the previous year[8] - Current liabilities decreased to CNY 140,076,315.38 from CNY 161,715,744.46, a reduction of approximately 13.4%[56] - Total liabilities decreased to CNY 203,175,243.50 from CNY 212,681,928.30, a decline of about 4.5%[56] - Owner's equity increased to CNY 882,953,693.88 from CNY 862,911,470.03, showing a growth of approximately 2.5%[59] Research and Development - Research and development expenses increased by 54.51% to CNY 7,676,275.08, reflecting the company's commitment to enhancing R&D investment[24] - The company plans to enhance its R&D capabilities and optimize its R&D platform to improve efficiency and protect core technologies[34] Market Strategy and Risks - The company plans to continue expanding its market presence and effectively implement its strategic objectives for 2021[28] - The company faces significant risks from macroeconomic factors and market volatility, which could impact production and operations[33] - Rising prices of key raw materials such as iron, silicon, and aluminum since 2021 may negatively affect the company's gross margin[30] - The ongoing global pandemic presents uncertainties that could affect the company and its industry, although the impact is expected to diminish over time[33] - Management risks arise from the company's rapid expansion, necessitating improvements in management systems and internal controls[35] Compliance and Standards - The company has no violations regarding external guarantees during the reporting period[44] - The company implemented the revised Accounting Standards for Leases from January 1, 2021, without adjusting the opening balance sheet items[98] - The first quarter report for 2021 was not audited[99]
铂科新材(300811) - 2021 Q1 - 季度财报