东岳硅材(300821) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was CNY 716,174,764.99, representing a 23.07% increase compared to CNY 581,919,276.08 in the same period last year[8] - Net profit attributable to shareholders was CNY 123,859,583.37, a significant increase of 124.70% from CNY 55,122,922.48 year-on-year[8] - The net profit after deducting non-recurring gains and losses reached CNY 117,570,033.07, up 143.89% from CNY 48,206,227.73 in the previous year[8] - Basic earnings per share increased to CNY 0.10, a rise of 66.67% from CNY 0.06 in the previous year[8] - Total profit rose by 124.70% to RMB 145.72 million, driven by improved gross margins[20] - The company reported a total comprehensive income of ¥123,859,583.37, compared to ¥55,122,922.48 in the previous period, indicating a growth of approximately 124.8%[60] Cash Flow and Assets - The net cash flow from operating activities was CNY 67,667,860.65, showing a remarkable increase of 223.25% compared to CNY 20,933,718.24 in the same quarter last year[8] - Cash inflow from investment activities totaled $706,812,054.79, with a net cash flow from investment activities of $570,525,916.02, compared to a negative cash flow of $11,281,711.13 in the previous period[66] - The ending balance of cash and cash equivalents is $2,642,114,139.48, compared to $3,079,493,363.83 at the end of the previous period[69] - Total assets at the end of the reporting period were CNY 4,676,664,506.99, reflecting a 3.96% increase from CNY 4,498,417,305.64 at the end of the previous year[8] - The total assets of the company as of March 31, 2021, are 4,676,664,506.99 yuan, compared to 4,498,417,305.64 yuan at the end of 2020[46] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 68,437[11] - The largest shareholder, Dongyue Fluorosilicon Technology Group Co., Ltd., held 57.75% of the shares, totaling 693,000,000 shares[11] - The net assets attributable to shareholders amounted to CNY 4,202,990,288.28, up 3.04% from CNY 4,079,130,704.91 at the end of the last year[8] - Total equity attributable to shareholders reached ¥4,202,990,288.28, up from ¥4,079,130,704.91, showing an increase of approximately 3.0%[52] Expenses and Liabilities - Research and development expenses surged by 144.70% to RMB 43.54 million, indicating increased investment in innovation[20] - The company reported a significant increase in contract liabilities by 153.79% to RMB 55.96 million, reflecting higher advance payments received[20] - Total liabilities increased to ¥473,674,218.71 from ¥419,286,600.73, marking a rise of about 12.9%[52] - Tax expenses for the period were ¥21,858,705.60, up from ¥9,727,574.55, representing an increase of approximately 125.0%[56] Operational Highlights - Accounts receivable increased by 31.83% to RMB 2.64 billion, primarily due to credit terms extended to quality customers[20] - The company maintained a diversified supplier base, with no single supplier accounting for over 50% of purchases[24] - The first major customer accounted for 3.12% of total sales, up from 2.58% in the previous year[24] Project Updates - The project for 30,000 tons/year of silicone monomer and 20,000 tons/year of downstream silicone products has a completion status of 27.92% as of March 31, 2022[29] - The company plans to complete the silicone R&D center project by March 2022, which was delayed due to higher requirements for R&D equipment and technology[32] Miscellaneous - The company has not reported any non-operating fund occupation by controlling shareholders during the reporting period[38] - The company has not experienced any significant changes in expected cumulative net profit compared to the same period last year[37] - The company did not undergo an audit for the first quarter report[69]