中辰股份(300933) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥464,272,203.41, representing a 43.22% increase compared to ¥324,174,956.65 in the same period last year[8]. - Net profit attributable to shareholders for Q1 2021 was ¥16,129,170.98, up 15.24% from ¥13,995,671.77 in the previous year[8]. - The net profit after deducting non-recurring gains and losses was ¥15,780,907.80, reflecting a 20.74% increase from ¥13,070,191.55 year-on-year[8]. - The company's operating revenue reached 464,272,203.41 yuan, a year-on-year increase of 43.22% due to the recovery from the impact of the COVID-19 pandemic[16]. - The net profit attributable to shareholders was 1,612.92 million yuan, reflecting a growth of 15.24% compared to the previous year[18]. - The total profit for Q1 2021 was CNY 16,967,028.56, an increase of 9.9% compared to CNY 15,440,038.38 in the previous year[45]. - The net profit for Q1 2021 reached CNY 14,593,886.28, representing a year-on-year increase of 8.2% from CNY 13,482,241.51[45]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥248,834,315.26, a decline of 21.08% compared to -¥205,519,276.01 in the same period last year[8]. - The company's cash flow from financing activities was 274,445,790.07 yuan, a substantial increase of 1027.57% due to new share issuance[20]. - The company's operating cash flow for Q1 2021 was -229,543,859.59 CNY, compared to -167,305,490.33 CNY in the same period last year, indicating a decline of approximately 37.2%[55]. - The company reported a net increase in cash and cash equivalents of 12,208,615.80 CNY in Q1 2021, contrasting with a decrease of -188,181,204.67 CNY in Q1 2020[53]. - Total cash and cash equivalents at the end of Q1 2021 amounted to 299,579,625.28 CNY, a significant increase from 75,546,595.36 CNY at the end of Q1 2020[53]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,422,346,505.58, an increase of 8.62% from ¥2,230,132,199.90 at the end of the previous year[8]. - Total liabilities as of March 31, 2021, were CNY 977,995,374.94, down from CNY 1,087,752,976.35 at the end of 2020, indicating a reduction of 10.1%[40]. - The company's total assets stood at 2,230,132,199.90 CNY as of Q1 2021, unchanged from the previous year[60]. - Total current liabilities were approximately ¥1.07 billion, with short-term borrowings accounting for approximately ¥558.35 million[62]. - Owner's equity totaled approximately ¥1.04 billion, reflecting a stable capital structure[62]. Shareholder Information - The total number of shareholders at the end of the reporting period was 35,747[12]. - The largest shareholder, Zhongchen Holdings Co., Ltd., held 48.80% of the shares, totaling 223,750,000 shares[12]. - Net assets attributable to shareholders increased by 26.61% to ¥1,301,743,738.65 from ¥1,028,137,284.64 at the end of the previous year[8]. Research and Development - Research and development expenses rose by 46.66% to 13,471,639.28 yuan, indicating increased investment in innovation[16]. - Research and development expenses for Q1 2021 were CNY 13,471,639.28, compared to CNY 9,185,751.73 in Q1 2020, reflecting a growth of 46.5%[43]. Operational Challenges - The gross profit margin was impacted by a 46.66% increase in operating costs, which totaled 394,439,270.41 yuan[16]. - The company faces risks related to raw material price fluctuations, which account for approximately 80% of product costs, and plans to strengthen supplier relationships to mitigate these risks[21]. - The company reported a decrease in accounts payable by 45.54% to 99,789,180.33 yuan, attributed to suppliers shortening payment terms[16]. Investment Activities - The total amount of raised funds for the quarter is CNY 25,747.73 million, with CNY 1,731.73 million invested during this period[24]. - The company has not achieved the planned progress or expected benefits for any investment projects during the reporting period[25]. - The company raised 257,477,283.03 CNY from investment activities in Q1 2021, compared to no such income in the previous year[56].