On April 27, Xinke materials (600255) released the first quarter report of 2021. During the reporting period, the company achieved operating revenue of 66622273.35 yuan, a year-on-year increase of 55.57%; The net profit attributable to the shareholders of the listed company was 21593660.58 yuan, turning losses into profits over the same period of last year.
During the reporting period, the net cash flow from operating activities was -98925232.98 yuan, and the net assets attributable to shareholders of listed companies were 1237464014.42 yuan by the end of 2020.
During the reporting period, the operating revenue was 666222273.35 yuan, a year-on-year increase of 55.57%, mainly due to the increase in sales volume in the current period. During the period, the sales expenses were 3141190.01 yuan, a year-on-year increase of 52.45%, which was mainly due to the implementation of the new revenue standard, which was originally included in the sales expenses and the freight as the contract performance cost.
According to our data, Xinke materials focuses on the R & D, production and sales of high-performance and high-precision copper alloy plate and strip products.