冀东水泥(000401) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥5,095,831,046.37, representing a 64.40% increase compared to ¥3,099,743,882.17 in the same period last year[2]. - The net profit attributable to shareholders was -¥51,485,534.03, an improvement of 81.68% from -¥280,972,698.29 year-on-year[2]. - The basic earnings per share improved to -¥0.076 from -¥0.246, reflecting an increase of ¥0.17 per share year-on-year[2]. - The gross profit margin for Q1 2021 was impacted by a 79.69% increase in operating costs, which reached CNY 3,777,729,644.74, compared to CNY 2,102,403,829.87 in Q1 2020[7]. - The company reported a net cash flow from operating activities of CNY 418,006,380.37, a significant increase of 264.37% compared to a negative cash flow of CNY -254,308,143.19 in the same period last year[8]. - The company reported a total current asset of RMB 17,884,465,906.58 as of March 31, 2021, an increase from RMB 15,968,634,622.83 at the end of 2020[20]. - The total operating revenue for the first quarter was CNY 879,661,192.27, an increase from CNY 584,862,941.03 in the previous year, representing a growth of approximately 50.4%[32]. - The net profit for the quarter was a loss of CNY 22,425,766.08, compared to a loss of CNY 392,810,586.02 in the same period last year, showing a significant reduction in losses[29]. Cash Flow and Liquidity - The net cash flow from operating activities increased by ¥672,314,523.56, reaching ¥418,006,380.37, compared to -¥254,308,143.19 in the previous year[2]. - As of March 31, 2021, cash and cash equivalents increased by 35.23% to CNY 7,973,782,814.02 compared to CNY 5,896,553,283.87 at the end of 2020, primarily due to increased interest-bearing debt and net cash flow from operating activities[7]. - Cash inflow from operating activities reached CNY 5,740,266,177.15, compared to CNY 3,678,435,855.26 in the previous year, representing a growth of approximately 56.1%[36]. - Cash inflow from sales of goods and services was CNY 5,485,612,640.25, compared to CNY 3,447,873,342.37 in the previous year, indicating a growth of approximately 59.2%[35]. - The cash and cash equivalents at the end of the period amounted to CNY 7,593,221,894.44, slightly up from CNY 7,572,161,637.23 in the previous year[37]. - The company reported a cash decrease of 224,893,833.80 CNY during the period, contrasting with an increase of 397,009,739.40 CNY in the previous year[39]. Assets and Liabilities - Total assets at the end of the reporting period were ¥60,652,721,265.43, a 2.89% increase from ¥58,947,299,370.17 at the end of the previous year[2]. - The total liabilities increased to ¥30,259,139,213.31 as of March 31, 2021, compared to ¥26,797,928,703.07 at the end of 2020, reflecting a rise of about 17.3%[22]. - The company's total equity decreased to ¥30,393,582,052.12 from ¥32,149,370,667.10, showing a decline of about 5.5%[23]. - The company's short-term borrowings increased to ¥3,084,670,730.59 from ¥2,345,893,596.66 year-over-year[21]. - The company's total liabilities increased significantly, with other payables rising by 140.58% to CNY 4,579,729,338.43, primarily due to increased dividends payable to subsidiaries[7]. Shareholder Information - The first major shareholder, Jidong Development Group, holds 30.00% of the shares, with a total of 404,256,874 shares[4]. - The second major shareholder, Beijing Jinyu Group, holds 7.00% of the shares, totaling 94,326,501 shares[4]. - There were no repurchase agreements conducted by the top 10 shareholders during the reporting period[5]. Investment and Restructuring - The company is in the process of a major asset restructuring, with stock and convertible bonds suspended since March 18, 2021, and plans to absorb and merge with Jinyu Jidong Cement (Tangshan) Co., Ltd.[9]. - The company raised a total of RMB 2,820,000,000.00 from the issuance of 28,200,000 convertible bonds, with a net amount of RMB 2,792,537,735.85 after deducting fees[15]. - The company plans to modify and improve the restructuring proposal after completing the necessary audit and evaluation work[10]. Other Financial Metrics - The company's investment income rose by 190.27% to CNY 18,679,828.49, compared to a loss of CNY -20,693,090.68 in the previous year, mainly due to increased net profits from joint ventures[7]. - The company's other income increased by 81.72% to CNY 70,062,246.45, attributed to higher resource utilization tax refunds received[7]. - The company's financial expenses decreased to CNY 173,158,652.69 from CNY 257,360,345.92, a reduction of approximately 32.8%[29]. - The company reported no significant non-recurring gains or losses during the reporting period[3]. - The company has no significant contracts or entrusted wealth management activities during the reporting period[16].