ST富润(600070) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue decreased by 16.04% to CNY 541,465,423.54 year-on-year[5] - Net profit attributable to shareholders increased by 42.91% to CNY 88,650,742.86 compared to the same period last year[5] - Basic earnings per share rose by 41.67% to CNY 0.17[5] - The weighted average return on net assets increased by 1.6 percentage points to 3.76%[5] - Total revenue for Q1 2021 was ¥541,465,423.54, a decrease of 16.0% compared to ¥644,936,457.17 in Q1 2020[27] - Net profit for Q1 2021 reached ¥87,095,640.69, an increase of 28.5% from ¥67,748,640.34 in Q1 2020[29] - Operating profit for Q1 2021 was ¥112,008,585.46, up 25.0% from ¥89,573,040.49 in Q1 2020[27] Cash Flow - The company reported a net cash flow from operating activities of CNY -108,684,191.19, indicating a significant decline compared to CNY -17,445,509.66 in the previous year[5] - The net cash flow from operating activities was negative at RMB -108,684,191.19, worsening from RMB -17,445,509.66 in the previous year, primarily due to increased cash payments for labor[13] - The net cash flow from investing activities improved to RMB 72,582,595.79 from RMB -3,029,665.74, mainly due to the sale of 4.0691 million shares of Shafeng Cement[13] - Cash inflow from investment activities totaled CNY 83,780,082.42, significantly up from CNY 3,260,427.71 in Q1 2020[36] - The net cash flow from investment activities was CNY 72,582,595.79, compared to -CNY 3,029,665.74 in Q1 2020, indicating a positive turnaround[36] - The net cash flow from financing activities improved to CNY 22,660,825.43 from -CNY 38,939,024.04 in the previous year[36] Assets and Liabilities - Total assets increased by 2.53% to CNY 3,781,584,054.54 compared to the end of the previous year[5] - Current liabilities totaled CNY 1,099,447,203.43, slightly decreasing from CNY 1,101,181,078.65 in the previous period[21] - Non-current liabilities amounted to CNY 226,946,107.18, up from CNY 220,657,499.61, indicating an increase of about 2.0%[21] - The total liabilities of the company were CNY 1,326,393,310.61, a slight increase from CNY 1,321,838,578.26[21] - The company’s cash and cash equivalents decreased to CNY 109,878,514.38 from CNY 135,779,963.75, a decline of approximately 19.1%[23] - The total current assets as of March 31, 2021, amounted to RMB 2,726,931,574.80, compared to RMB 2,645,466,141.71 at the end of the previous year[19] Shareholder Information - The total number of shareholders reached 31,432 by the end of the reporting period[10] - The largest shareholder, Furen Holdings Group Co., Ltd., holds 19.40% of the shares, with 101,273,442 shares pledged[10] - The company completed a share repurchase plan, acquiring 15,225,386 shares, representing 2.92% of the total share capital, at an average price of RMB 6.58 per share, totaling RMB 100.22 million[14] - The company plans to implement a stock incentive plan, granting 15,225,386 restricted shares at a price of RMB 3.29 per share, which is 50% of the repurchase price[14] Expenses and Costs - The company’s tax and additional fees decreased by 53.43% to RMB 1,303,990.79 compared to RMB 2,800,124.11 in the same period last year, primarily due to the exclusion of certain companies from the consolidated financial statements[11] - Sales expenses dropped by 48.22% to RMB 4,666,864.38 from RMB 9,012,505.37, also due to the exclusion of certain companies from the consolidated financial statements[12] - Financial expenses for Q1 2021 were ¥11,344,336.77, a decrease of 43.7% from ¥20,187,541.46 in Q1 2020[27] - Research and development expenses for Q1 2021 were ¥13,509,577.90, slightly up from ¥13,366,434.24 in Q1 2020[27] Inventory and Other Assets - Inventory increased significantly by 675.65% to RMB 16,020,314.92 from RMB 2,065,409.50, mainly due to the increase in purchased goods for e-commerce operations[11] - Other current assets rose by 64.96% to RMB 2,468,670.97 from RMB 1,496,490.44, attributed to an increase in prepaid lease expenses[11] - The company reported a goodwill amounting to CNY 287,871,515.22, indicating potential for future growth through acquisitions[41] Regulatory and Compliance - The company implemented a new leasing standard effective January 1, 2021, impacting the recognition of right-of-use assets and lease liabilities[43]