嘉亨家化(300955) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was ¥250,824,651.33, representing a 91.83% increase compared to ¥130,752,880.63 in the same period last year[8] - Net profit attributable to shareholders was ¥20,796,366.59, a significant increase of 270.56% from ¥5,612,096.08 in the previous year[8] - The net profit after deducting non-recurring gains and losses was ¥20,206,569.18, up 278.22% from ¥5,342,560.83 year-on-year[8] - Basic earnings per share were ¥0.28, reflecting a 300.00% increase from ¥0.07 in the previous year[8] - The company achieved operating revenue of CNY 250.82 million in Q1 2021, representing a 91.83% increase compared to CNY 130.75 million in Q1 2020[20] - Net profit attributable to shareholders reached CNY 20.80 million, a significant increase of 270.56% from the previous year's CNY 5.61 million[20] - The total comprehensive income for Q1 2021 was CNY 20,796,497.81, compared to CNY 5,632,305.07 in the prior year, marking an increase of about 269%[50] - The company's operating profit for the current period was CNY 24,815,724.64, compared to CNY 6,781,686.19 in the previous period, showing a significant improvement[49] Cash Flow and Liquidity - The net cash flow from operating activities reached ¥21,649,804.23, a remarkable increase of 1,846.98% compared to ¥1,111,970.49 in the same period last year[8] - Cash flow from operating activities was CNY 298,751,413.56, up from CNY 174,155,232.90 in the previous period, demonstrating strong cash generation capabilities[56] - Total cash inflow from financing activities reached CNY 401,029,798.00, compared to CNY 39,500,000.00 in the previous year, indicating a substantial increase of over 910%[58] - The total cash and cash equivalents at the end of Q1 2021 amounted to CNY 446,063,670.98, up from CNY 89,598,509.45 at the end of Q1 2020, marking an increase of approximately 397%[58] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,298,041,154.67, up 48.53% from ¥873,929,046.40 at the end of the previous year[8] - The total liabilities increased to CNY 373,640,553.32 from CNY 345,128,984.32, indicating a rise in financial obligations[41] - The company's total equity attributable to shareholders rose to CNY 924,400,601.35 from CNY 528,800,062.08, showing a substantial increase in shareholder value[41] - The company reported a significant inventory amount of 161.24 million yuan, representing 18.48% of current assets, which may lead to operational risks if not managed properly[25] Investment and R&D - Research and development expenses rose by 35.93% to CNY 4.80 million, reflecting increased investment in R&D activities[18] - The company is committed to continuous R&D investment to meet customer demands and maintain competitive advantages in technology and product updates[24] - The company absorbed investments amounting to CNY 385,029,798.00 during the quarter, with no comparable figure from the previous year[61] Risks and Challenges - The company faces risks from market demand fluctuations, with potential impacts on orders if macroeconomic conditions worsen, affecting consumer confidence and purchasing power[22] - High customer concentration poses a risk, as the top five customers account for 80.29% of revenue; any loss of market share by these customers could significantly impact business income[22] - The company is implementing measures to mitigate risks from raw material price fluctuations, particularly for key materials like PE and PP, which are influenced by international oil prices[22] Operational Efficiency - The company is actively enhancing its management mechanisms and human resources systems to adapt to rapid business expansion and improve overall management levels[24] - The company plans to leverage its OEM/ODM capabilities to expand its customer base and reduce reliance on a few major clients, thereby lowering customer concentration risks[23] - The company maintained its annual business plan without changes, progressing according to set goals in business development and project construction[21]