金丹科技(300829) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was CNY 319,492,683.60, representing a 56.88% increase compared to CNY 203,652,077.75 in the same period last year[8]. - The net profit attributable to shareholders decreased by 25.22% to CNY 27,906,648.99 from CNY 37,317,480.84 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was CNY 25,435,702.97, down 14.32% from CNY 29,688,232.50 in the previous year[8]. - Basic and diluted earnings per share were both CNY 0.25, down 43.18% from CNY 0.44 in the previous year[8]. - The company reported a total comprehensive income of CNY 27,074,734.84, down from CNY 36,824,559.80 in the previous year[47]. - Total comprehensive income for the first quarter was CNY 31,916,395.24, compared to CNY 38,870,272.50 in the previous period, indicating a decrease[51]. Cash Flow - The net cash flow from operating activities was CNY 26,185,385.55, a decline of 52.08% compared to CNY 54,638,715.90 in the same period last year[8]. - Cash inflow from operating activities totaled CNY 337,179,593.13, up from CNY 243,683,026.88 in the previous period, representing an increase of approximately 38.5%[54]. - Cash outflow for purchasing goods and services was CNY 261,811,905.24, compared to CNY 134,690,843.99 in the previous period, showing an increase of approximately 94.3%[54]. - Cash flow from investing activities resulted in a net outflow of CNY 34,725,192.87, slightly improved from a net outflow of CNY 36,106,247.31 in the previous period[54]. - Cash flow from financing activities showed a net outflow of CNY 2,119,367.64, an improvement from a net outflow of CNY 22,467,919.65 in the previous period[55]. - The ending balance of cash and cash equivalents was CNY 127,652,684.99, down from CNY 138,375,630.57 at the beginning of the period[55]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,775,918,607.97, an increase of 1.42% from CNY 1,751,131,954.37 at the end of the previous year[8]. - Total liabilities were CNY 412,463,438.05, a slight decrease from CNY 414,756,584.38, showing a reduction of approximately 0.6%[37]. - The company's equity attributable to shareholders increased to CNY 1,329,165,463.49 from CNY 1,301,347,038.61, reflecting a growth of about 2.1%[38]. - Current assets totaled CNY 555,210,068.73, slightly decreasing from CNY 558,211,562.97, indicating a decline of about 0.4%[35]. - Inventory increased significantly to CNY 165,884,641.08 from CNY 130,457,102.27, representing a growth of approximately 27.2%[35]. - Total equity increased to CNY 1,352,451,724.04 from CNY 1,320,535,328.80, indicating a growth of approximately 2.5%[45]. Operating Costs and Expenses - Operating costs rose to CNY 259.45 million, a 97.75% increase from CNY 131.20 million in the same period last year, primarily due to a significant rise in corn procurement prices[18]. - Research and development expenses increased by 69.65% to CNY 12.62 million, reflecting the company's increased investment in R&D[18]. - Operating costs amounted to CNY 293,851,986.51, compared to CNY 170,167,271.38 in the same period last year, reflecting a rise in costs[45]. - Research and development expenses rose to CNY 12,616,662.18, up from CNY 7,436,849.12, reflecting a 69.3% increase in investment in innovation[45]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,066[12]. - The largest shareholder, Zhang Peng, holds 32.69% of the shares, amounting to 36,906,000 shares, with 2,180,000 shares pledged[12]. Future Plans and Investments - The company plans to invest CNY 300 million in a project to produce 60,000 tons of biodegradable polyester and related products, enhancing its product line in biodegradable materials[23]. - The company plans to continue focusing on market expansion and product development to drive future growth[46]. Risks and Sensitivities - The company faces risks related to corn price fluctuations, which significantly impact production costs, as corn accounts for a large portion of the cost of lactic acid and its derivatives[20]. - Approximately 30% of the company's main business revenue comes from export sales, making it sensitive to fluctuations in the RMB/USD exchange rate[22].