厦门钨业(600549) - 2021 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2021 reached RMB 6.30 billion, a year-on-year increase of 78.11%[4] - Net profit attributable to shareholders was RMB 308 million, representing a 327.50% increase compared to the same period last year[4] - The tungsten and molybdenum business generated revenue of RMB 2.36 billion, up 62.76% year-on-year, with a profit of RMB 348 million, an increase of 109.09%[8] - Revenue from new energy battery materials reached RMB 2.97 billion, a 100.74% increase year-on-year, with a profit of RMB 136 million, up 298.97%[9] - The rare earth business achieved revenue of RMB 926 million, a 61.92% increase year-on-year, with a profit of RMB 49.57 million, an increase of RMB 54.58 million[9] - The real estate business reported revenue of RMB 4.1 million, a 19.09% increase year-on-year, with a profit loss reduction of RMB 6.67 million[9] - Basic earnings per share for the quarter were RMB 0.219, a 327.73% increase compared to RMB 0.0512 in the same period last year[4] - Total operating revenue for Q1 2021 reached ¥6,297,475,903.51, representing a 78.11% increase compared to ¥3,535,632,260.49 in the same period last year[12] - Net profit for Q1 2021 was ¥454,829,348.26, representing a 190.5% increase from ¥156,218,377.01 in Q1 2020[24] Cash Flow and Liquidity - The cash flow from operating activities showed a net outflow of RMB 143 million, a decrease of 179.05% year-on-year[4] - The company's cash and cash equivalents increased by 44.66% to ¥1,657,139,841.99 from ¥1,145,540,949.99 at the beginning of the period, mainly due to increased cash inflow from financing activities[10] - Cash and cash equivalents rose to ¥957,579,435.46 from ¥597,658,280.01, marking a significant increase of approximately 60.3%[20] - The company reported a cash inflow from financing activities of 3,373,448,894.73 RMB in Q1 2021, compared to 2,675,224,548.79 RMB in Q1 2020, reflecting an increase of approximately 26%[30] - The cash outflow from investing activities in Q1 2021 was 226,898,350.08 RMB, compared to 282,375,622.15 RMB in Q1 2020, indicating a reduction in investment spending[30] Assets and Liabilities - The total assets at the end of the reporting period were RMB 27.99 billion, an increase of 11.51% compared to the end of the previous year[4] - The total assets of the company reached ¥27,993,314,564.06, up from ¥25,103,875,213.03, indicating a growth in overall asset base[17] - Total liabilities increased to ¥17,616,247,567.90, up from ¥15,177,488,739.37, representing a growth of approximately 16.1% year-over-year[19] - Total current liabilities reached ¥14,317,358,883.15, up from ¥12,589,576,600.25, indicating a growth of about 13.7%[19] - The company's long-term borrowings rose by 32.87% to ¥2,751,516,607.75, attributed to increased long-term bank loans[10] - The accounts payable increased by 46.67% to ¥3,160,282,533.17, indicating higher procurement costs for raw materials[10] Research and Development - Research and development expenses increased by 62.46% to ¥228,846,998.64, reflecting the company's commitment to innovation[12] - Research and development expenses increased to ¥228,846,998.64 in Q1 2021, up 62.3% from ¥140,865,852.35 in Q1 2020[23] Investment and Income - The company's investment income surged by 306.26% to ¥34,308,265.30, driven by increased returns from joint ventures[12] - Investment income for Q1 2021 was ¥34,308,265.30, a significant rise from ¥8,445,001.12 in Q1 2020[24] Management and Future Plans - The company’s management indicated plans for market expansion and new product development in the upcoming quarters[24] Other Financial Metrics - The weighted average return on net assets increased to 3.96%, up 2.99 percentage points year-on-year[4] - The company reported a total comprehensive income of ¥442,670,945.28 for Q1 2021, compared to ¥151,342,148.47 in Q1 2020[25] - Financial expenses for Q1 2021 were ¥120,362,146.81, an increase from ¥92,981,166.83 in Q1 2020[23] - The company achieved a profit before tax of ¥520,055,305.35 in Q1 2021, compared to ¥175,034,963.73 in Q1 2020, indicating strong operational performance[24]