COSMOS(SZ:300856)2021-04-23 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥258,735,113.90, a decrease of 14.35% compared to ¥302,070,679.11 in the same period last year[8]. - Net profit attributable to shareholders was ¥47,966,203.77, representing a slight increase of 1.86% from ¥47,091,129.12 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was ¥43,304,082.41, down 7.99% from ¥47,063,768.82 in the previous year[8]. - Basic and diluted earnings per share were both ¥0.4249, down 23.61% from ¥0.5562 in the previous year[8]. - The weighted average return on equity was 3.20%, a decrease of 5.08% from 8.28% in the same period last year[8]. - The company achieved operating revenue of RMB 258.7351 million, a year-on-year decrease of 14.35%[22]. - The net profit attributable to shareholders was RMB 47.9662 million, remaining stable compared to the previous year[22]. - The decline in revenue was primarily due to the ongoing global COVID-19 pandemic, which reduced downstream consumer demand, particularly for sunscreen products[22]. - The company expects a gradual recovery in consumer demand for sunscreen products starting in the second half of this year as vaccination rates increase[22]. Cash Flow and Investments - The net cash flow from operating activities was ¥74,126,579.97, a decrease of 12.72% compared to ¥84,932,487.73 in the same period last year[8]. - The company reported a significant increase in cash received from investment returns, amounting to RMB 7.055 million, a 9,455.06% increase compared to the previous period[21]. - The cash paid for investment increased to RMB 516 million, a 330% rise due to higher purchases of financial products[21]. - The company’s cash flow from operating activities showed a 47.92% increase in cash received related to operating activities, totaling RMB 2.2206 million[21]. - The company did not incur any bank borrowings during the reporting period, leading to a 100% decrease in cash received from loans[21]. - The company reported a cash inflow from sales of goods and services of CNY 294,017,881.78, slightly down from CNY 299,534,016.78, a decrease of approximately 1.7%[61]. - Cash inflow from investment activities significantly increased to CNY 497,126,538.77 from CNY 90,103,793.61, representing a growth of approximately 438.5%[63]. - Cash outflow for investment activities rose to CNY 566,173,277.66 from CNY 143,588,958.08, marking an increase of about 295.5%[63]. - The net cash flow from investment activities was negative at CNY -69,046,738.89, compared to CNY -53,485,164.47 in the previous period[63]. - The net cash flow from financing activities was negative at CNY -5,924,252.57, indicating a decrease from the previous period's CNY -5,178,511.32[65]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,708,217,819.81, an increase of 1.73% from ¥1,679,100,411.20 at the end of the previous year[8]. - Net assets attributable to shareholders increased by 3.19% to ¥1,522,427,895.48 from ¥1,475,394,198.68 at the end of the previous year[8]. - The total current assets reached CNY 1,042,509,095.75, slightly up from CNY 1,038,851,787.93, indicating a marginal increase of about 0.16%[40]. - The total liabilities decreased from CNY 1,679,100,411.20 to CNY 1,708,217,819.81, indicating a slight increase in leverage[42]. - The total liabilities were CNY 185,789,924.33, down from CNY 203,706,212.52 in the previous year, indicating a reduction of approximately 8.81%[49]. - The total current liabilities decreased to CNY 170,487,748.34 from CNY 189,789,789.02, reflecting a reduction of approximately 10.16%[49]. Research and Development - Research and development expenses increased to CNY 10,486,188.71 in Q1 2021, up from CNY 9,468,572.03 in Q1 2020, reflecting a focus on innovation[58]. - The company has invested in new product development, including high-end daily-use fragrance raw materials and sunscreen agents, with a project completion rate of 33.15% for the first phase[30]. Risks and Challenges - The company has a high proportion of export revenue, which is significantly affected by exchange rate fluctuations, particularly with USD and EUR, impacting competitiveness and potential foreign exchange gains or losses[24]. - The company is exposed to risks from raw material price fluctuations, which are influenced by international conditions and domestic economic changes, potentially affecting profitability[24]. - Environmental protection measures are in place, but stricter future regulations could pose risks if the company fails to upgrade its facilities to meet new standards[25]. - The company is actively addressing safety production risks associated with hazardous chemicals, maintaining a controlled production environment[25]. - The ongoing global COVID-19 pandemic has not significantly impacted the company's performance in the reporting period, but future outbreaks could pose risks[26].