On April 20, Yanggu Huatai (300121) released the first quarter report of 2021. During the reporting period, the company achieved an operating revenue of 588582983.97 yuan, up 44.30% year on year; The net profit attributable to shareholders of listed companies was 88625075.46 yuan, up 1719.56% year on year.
During the reporting period, the net cash flow from operating activities was 38342082.64 yuan, and the net assets attributable to shareholders of listed companies were 1744810174.00 yuan by the end of 2020.
During the reporting period, the operating revenue was 588582983.97 yuan, an increase of 44.30% over the same period last year, mainly due to the increase in sales volume and product sales price during the reporting period.
Sales expenses decreased by 40.30% on a year-on-year basis, mainly due to the fact that transportation expenses meeting the contract performance cost were included in the cost according to the new revenue standard in this reporting period.
Dig shell network information shows that Yanggu Huatai is mainly engaged in the research and development, production and sales of rubber additives.