龙利得(300883) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was ¥159,794,192.52, representing a 14.66% increase compared to ¥139,360,148.68 in the same period last year[9] - Net profit attributable to shareholders was ¥12,307,429.13, up 9.39% from ¥11,251,204.93 year-over-year[9] - The net profit after deducting non-recurring gains and losses decreased by 10.63% to ¥8,110,727.05 from ¥9,075,089.70 in the previous year[9] - Basic and diluted earnings per share were both ¥0.0356, down 17.97% from ¥0.0434 in the previous year[9] - Total operating revenue for the first quarter of 2021 was CNY 159,794,192.52, an increase from CNY 139,360,148.68 in the previous period[48] - Total operating costs for the first quarter of 2021 were CNY 152,355,199.14, up from CNY 128,984,308.61 in the previous period[49] - Net profit for the first quarter of 2021 was CNY 12,307,429.13, compared to CNY 11,251,204.93 in the same period last year, reflecting a growth of approximately 9.4%[50] Cash Flow - The net cash flow from operating activities was negative at -¥2,712,352.53, a decline of 120.97% compared to ¥12,932,403.78 in the same period last year[9] - The total cash inflow from operating activities was ¥188,293,121.58, compared to ¥161,429,388.82, representing an increase of 16.6%[57] - The net cash flow from financing activities was ¥31,067,859.74, down from ¥93,267,056.04 in the previous period, indicating a decrease of 66.7%[58] - Net cash flow from operating activities improved to $9,532,863.41 compared to $5,301,739.01 in the previous period, marking an increase of 79.5%[60] - Net cash flow from investment activities was negative at -$94,890,025.46, compared to -$1,112,965.60 previously[61] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,799,425,367.83, an increase of 1.37% from ¥1,775,053,582.60 at the end of the previous year[9] - The total amount of unused raised funds as of March 31, 2021, was CNY 202,542,777.08, with CNY 76,542,777.08 held in special accounts[39] - The total liabilities of the company as of March 31, 2021, were CNY 419,206,660.35, compared to CNY 407,142,304.25 at the end of 2020[41] - The company's equity attributable to shareholders reached CNY 1,380,218,707.48, up from CNY 1,367,911,278.35 at the end of 2020[42] Research and Development - Research and development expenses increased by 57.71% to CNY 8,693,526.85, indicating a stronger focus on R&D[20] - The company reported an increase in research and development expenses to CNY 8,693,526.85 from CNY 5,512,380.42, reflecting a commitment to innovation[49] - The company plans to increase R&D investment and has established a reasonable technology development and product innovation plan to enhance management capabilities and operational efficiency[25] Market and Competition - The company is facing risks from intensified market competition in the packaging industry, where the top 10 companies hold less than 10% market share[23] - The company has identified risks related to gross margin decline if it cannot enhance competitive advantages and improve pricing power[25] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 27,997[12] - The top ten shareholders held a combined 54.66% of the company's shares, with the largest shareholder holding 12.39%[13] Government Support - The company received government subsidies amounting to ¥4,694,561.24 during the reporting period[10] Compliance and Safety - The company has implemented safety production measures and introduced various quality management system certifications to mitigate fire risks associated with flammable paper materials[26] - The company has committed to improving compliance and safety production facilities through ongoing personnel training and upgrades[26] - There were no violations regarding external guarantees during the reporting period[32] Investment Activities - The company is expanding its smart and efficient printing and forming production line, with a project budget of 10,000 million yuan, and has achieved 19.15% progress as of June 30, 2021[30] - The company reported an investment cash outflow of ¥96,415,872.71, compared to ¥10,031,117.10 in the previous period, reflecting a substantial increase[58] Miscellaneous - The first quarter report was not audited, which may affect the reliability of the financial data presented[64] - The company has not encountered any overdue commitments from actual controllers, shareholders, or related parties during the reporting period[27] - The company has not reported any significant changes in project feasibility or expected benefits for the investment projects[30]