金禾实业(002597) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥1,137,138,227.17, representing a 32.62% increase compared to ¥857,471,764.66 in the same period last year[9] - Net profit attributable to shareholders was ¥210,203,133.05, up 38.34% from ¥151,946,864.75 year-on-year[9] - The net profit after deducting non-recurring gains and losses reached ¥198,068,598.21, marking a 48.95% increase from ¥132,978,339.02 in the previous year[9] - Basic earnings per share were ¥0.37, up 37.04% from ¥0.27 in the same period last year[9] - Revenue for Q1 2021 reached ¥1,137,138,227.17, a 32.62% increase from ¥857,471,764.66 in Q1 2020, as business operations normalized following the COVID-19 pandemic[23] - The company reported a net profit of CNY 3,634,853,502.30 in retained earnings, an increase from CNY 3,424,650,369.25[53] - Total operating revenue for the first quarter reached ¥1,137,138,227.17, an increase of 32.6% compared to ¥857,471,764.66 in the previous year[60] - Net profit for the quarter was ¥209,907,357.27, representing a 38.2% increase from ¥151,826,927.73 in the same period last year[66] - The company reported a total comprehensive income of ¥185,654,137.33, up from ¥157,976,251.65, marking a growth of 17.5%[76] Cash Flow - The net cash flow from operating activities was ¥48,163,328.45, a significant increase of 115.56% compared to ¥22,343,802.47 in the same period last year[9] - The company reported a 584.23% increase in net cash flow from financing activities to ¥328,895,096.02, attributed to new long-term borrowings[26] - Cash flow from operating activities amounted to ¥48,163,328.45, compared to ¥22,343,802.47 in the previous period, showing a significant increase of 115.5%[80] - The net cash flow from operating activities was 71,331,609.62, an increase from 54,306,072.67 in the previous period, reflecting a growth of approximately 31.5%[84] - Cash inflow from operating activities totaled 1,017,739,439.23, compared to 909,146,089.02 in the prior period, indicating an increase of about 11.9%[84] - The net cash flow from financing activities was 282,075,224.03, compared to -17,001,130.41 in the previous period, indicating a substantial turnaround[87] Assets and Liabilities - Total assets at the end of the reporting period were ¥7,393,999,992.28, reflecting a 5.66% increase from ¥6,998,152,136.98 at the end of the previous year[9] - Net assets attributable to shareholders amounted to ¥5,158,946,736.42, an increase of 4.31% from ¥4,945,909,384.69 at the end of the previous year[9] - Total current assets amounted to CNY 4,241,220,226.24, an increase of 3.39% from CNY 4,102,412,178.43 on December 31, 2020[44] - Total liabilities increased to CNY 2,234,257,916.61, up 8.91% from CNY 2,051,151,637.26[50] - Current liabilities decreased to CNY 1,240,149,090.04, down 17.43% from CNY 1,502,488,428.60[50] - Non-current liabilities rose to ¥957,135,754.14, significantly higher than ¥510,901,098.86 from the previous year, indicating a 87.2% increase[60] Investments and Expenses - Investment income surged by 306.41% to ¥35,467,761.46, driven by increased returns from financial products and trading financial assets[23] - Research and development expenses for the quarter were ¥36,685,547.61, an increase of 24% compared to ¥29,554,647.52 in the previous year[63] - The company reported investment income of ¥35,467,761.46, significantly higher than ¥8,727,186.91 from the previous year[63] - The company reported a decrease in financial expenses, with interest expenses rising to ¥11,807,891.96 from ¥9,085,575.09, while interest income decreased to ¥6,376,426.36 from ¥9,273,635.09[70] Shareholder Information - The top ten shareholders held a total of 44.66% of the shares, with the largest shareholder, Anhui Jinrui Investment Group Co., Ltd., holding 250,487,223 shares[14] - The total equity attributable to shareholders of the parent company increased to CNY 5,158,946,736.42, up 4.31% from CNY 4,945,909,384.69[53] Other Notable Events - The company is currently facing a patent infringement investigation by Celanese regarding its sweetener products, which accounted for 1.98% of total revenue in 2020[28]