龙磁科技(300835) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was CNY 181,768,447.82, representing a 59.39% increase compared to CNY 114,040,903.13 in the same period last year[8]. - Net profit attributable to shareholders was CNY 29,073,064.67, a significant increase of 151.82% from CNY 11,545,015.25 year-on-year[8]. - The net profit after deducting non-recurring gains and losses reached CNY 26,578,875.78, up 208.27% from CNY 8,621,849.24 in the previous year[8]. - Basic earnings per share rose to CNY 0.41, an increase of 86.36% from CNY 0.22 in the previous year[8]. - The company achieved operating revenue of 181.77 million, a year-on-year increase of 59.39% due to higher sales[16]. - Net profit attributable to shareholders reached 29.07 million, reflecting a significant growth of 151.82% compared to the previous year[19]. - Total operating revenue for Q1 2021 reached CNY 181,768,447.82, compared to CNY 114,040,903.13 in the same period last year[44]. - The total comprehensive income for Q1 2021 was CNY 28.99 million, significantly higher than CNY 10.82 million in the prior year[47]. - The total profit for Q1 2021 was CNY 31.81 million, up from CNY 13.62 million in the same period last year[49]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY 34,656,972.60, an increase of 107.02% compared to CNY 16,740,480.86 in the same period last year[8]. - The company's cash and cash equivalents increased to CNY 141,551,550.36 as of March 31, 2021, compared to CNY 139,071,570.18 at the end of 2020[35]. - Cash and cash equivalents rose to CNY 35,898,895.13 from CNY 27,137,658.88, indicating improved liquidity[39]. - The ending cash and cash equivalents balance increased to CNY 141,551,550.36 from CNY 46,878,522.59, marking a substantial rise[55]. - The net cash flow from operating activities for Q1 2021 was CNY 34,656,972.60, an increase of 106.4% compared to CNY 16,740,480.86 in Q1 2020[54]. - Total cash inflow from operating activities was CNY 142,626,925.98, up from CNY 124,152,113.57 in the previous year[54]. - The net cash flow from operating activities for the parent company was CNY 22,506,931.56, a significant recovery from a negative cash flow of CNY -1,998,055.74 in the previous year[57]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,098,535,726.82, reflecting a 3.14% increase from CNY 1,065,097,884.02 at the end of the previous year[8]. - The net assets attributable to shareholders increased to CNY 865,837,051.52, up 3.46% from CNY 836,848,383.07 at the end of the previous year[8]. - Total assets increased to CNY 850,511,477.62 from CNY 830,304,182.98, indicating growth in the company's asset base[42]. - Total liabilities rose to CNY 190,790,374.00 from CNY 181,646,936.29, reflecting increased financial obligations[42]. - The company's equity increased to CNY 659,721,103.62 from CNY 648,657,246.69, showing a positive trend in shareholder value[42]. Investments and Expenditures - The company invested 31.99 million in fixed assets and intangible assets, marking a 114.06% increase from the previous year[17]. - The company plans to invest up to 25 million in the construction of high-frequency magnetic devices (inductors) project[23]. - The total amount of raised funds is CNY 27,945.6 million, with CNY 253.41 million invested in the current quarter[27]. - Cumulative investment from raised funds amounts to CNY 16,244.39 million, representing 34.80% of the total committed investment for the high-performance ferrite project[27]. Operational Efficiency - Operating costs increased to 115.99 million, up 52.17% year-on-year, primarily due to the rise in sales revenue[16]. - Accounts receivable financing increased by 65.03% to CNY 13,655,147.27 due to an increase in customer bank acceptance bills received[15]. - Prepayments rose by 68.19% to CNY 26,583,028.22, primarily due to increased payments to suppliers for raw materials[15]. - Contract liabilities increased by 56.88% to CNY 6,911,406.78, mainly due to an increase in customer prepayments[15]. - Accounts receivable decreased to CNY 180,399,895.87 from CNY 187,764,621.50, indicating a reduction in outstanding customer payments[35]. - Inventory levels slightly increased to CNY 178,600,805.98 from CNY 178,252,821.26, reflecting stable stock management[35]. - Inventory levels decreased to CNY 82,539,692.22 from CNY 86,687,069.39, suggesting improved inventory management[39]. Research and Development - The company is focusing on enhancing its R&D capabilities to maintain a competitive edge in the permanent magnet ferrite industry[20]. - Research and development expenses for the quarter were CNY 7,721,457.51, compared to CNY 6,513,139.41 in the previous year, highlighting a focus on innovation[45]. - The company's research and development expenses for Q1 2021 were CNY 3,57 million, slightly down from CNY 3.64 million in the previous year[49]. Risk Management and Compliance - The company is actively expanding its marketing channels and improving its network to mitigate risks from downstream demand fluctuations[20]. - The company has no overdue commitments from shareholders or related parties during the reporting period[25]. - There were no violations regarding external guarantees during the reporting period[29]. - The company did not experience any significant changes in the feasibility of its investment projects[28]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[30]. - The company reported a decrease in financial expenses by 62.99%, attributed to increased exchange gains and reduced interest expenses[16]. - Tax expenses rose to 2.74 million, a 31.84% increase due to higher total profit[16]. Audit and Reporting - The company did not undergo an audit for the Q1 2021 report[60].