双良节能(600481) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue surged by 97.37% to CNY 434,094,342.51 year-on-year[12] - Net profit attributable to shareholders reached CNY 27,419,702.32, a significant turnaround from a loss of CNY 27,701,795.54 in the same period last year, representing a 198.98% increase[12] - Basic earnings per share were CNY 0.0169, compared to a loss of CNY 0.0169 per share in the previous year, marking a 199.89% increase[12] - The company's operating revenue for the reporting period was CNY 434,094,342.5, representing a 97.37% increase compared to CNY 219,933,922.5 in the previous year[22] - The net profit for Q1 2021 was CNY 11,062,945.36, compared to a net loss of CNY 23,496,873.07 in Q1 2020, indicating a turnaround in profitability[48] - The total comprehensive income for Q1 2021 was CNY 11,062,945.36, contrasting with a total comprehensive loss of CNY 23,496,873.07 in Q1 2020[48] Cash Flow - Net cash flow from operating activities improved by 23.83%, amounting to -CNY 195,549,525.87[12] - The cash inflow from operating activities totaled CNY 468,222,793.43 in Q1 2021, significantly higher than CNY 160,025,430.99 in Q1 2020[51] - The net cash flow from operating activities for Q1 2021 was -153,139,528.52 RMB, an improvement from -229,189,561.54 RMB in Q1 2020[53] - Cash inflow from financing activities reached 360,000,000.00 RMB, a substantial increase from 80,000,000.00 RMB in the previous year[56] - The ending cash and cash equivalents balance for Q1 2021 was 910,700,983.22 RMB, up from 576,090,069.50 RMB in Q1 2020[56] Assets and Liabilities - Total assets increased by 8.75% to CNY 4,468,272,285.37 compared to the end of the previous year[12] - The company's total assets decreased by 51.00% in trading financial assets, down to CNY 5,106,856.25 from CNY 10,421,598.66[21] - Total liabilities increased to ¥2,224,992,265.29, up from ¥1,896,521,237.49, reflecting a growth of approximately 17.3%[33] - The company's total liabilities rose to ¥1,996,594,492.01 from ¥1,843,395,000.15, reflecting an increase of about 8.3%[38] Shareholder Information - The total number of shareholders reached 75,535 by the end of the reporting period[17] - The top three shareholders held a combined 49.39% of the shares, with 双良集团有限公司 holding 20.18%[17] Investment and Financing - The company’s investment income rose significantly to CNY 13,199,555.37 from a loss of CNY -1,086,252.058 in the previous year, marking a 1,315.15% increase[22] - The company plans to expand its new projects and increase orders, which contributed to the growth in various financial metrics[22] Inventory and Receivables - Inventory increased by 30.85%, amounting to CNY 580,236,380.77 compared to CNY 443,420,459.64 in the previous year[22] - Accounts receivable decreased by 35.30%, totaling CNY 9,920,795.53 compared to CNY 15,332,716.15 in the previous period[21] - The company reported a significant increase of 65.69% in receivables financing, reaching CNY 352,047,089.44 from CNY 212,471,471.10[21] Financial Expenses - The company’s financial expenses surged by 167.63%, totaling CNY 6,998,738.23 due to increased exchange losses[22] - The company experienced a decrease in interest expenses, which were CNY 2,555,504.16 in Q1 2021, down from CNY 4,071,039.20 in Q1 2020[46]