首创环保(600008) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue rose by 44.76% to CNY 4.24 billion year-on-year[4] - Net profit attributable to shareholders increased by 153.41% to CNY 298.65 million compared to the same period last year[4] - Basic earnings per share rose by 96.62% to CNY 0.0407 per share[4] - Total operating revenue for Q1 2021 was ¥4,236,313,605.46, an increase from ¥2,926,479,447.61 in Q1 2020, representing a growth of approximately 44.8%[23] - Net profit for Q1 2021 was ¥347,567,605.83, significantly higher than ¥108,255,479.59 in Q1 2020, marking an increase of approximately 221.5%[24] - The company's net profit for Q1 2021 was CNY 228,321,698.96, a significant increase from CNY 25,667,135.18 in Q1 2020, representing a growth of approximately 786.5%[26] Asset and Liability Changes - Total assets increased by 1.60% to CNY 102.18 billion compared to the end of the previous year[4] - Total current assets decreased to CNY 19,393,273,006.10 from CNY 20,346,381,672.80, indicating a reduction in liquidity[15] - Long-term receivables increased to CNY 13,089,178,222.85 from CNY 12,483,390,996.75, reflecting a growth in long-term financial commitments[15] - Current liabilities decreased to ¥27.78 billion from ¥31.13 billion, a reduction of about 10.7%[18] - Long-term borrowings rose to ¥25.82 billion, up from ¥22.44 billion, indicating an increase of approximately 15.9%[18] - The total liabilities increased to ¥66.51 billion from ¥65.17 billion, reflecting a growth of about 2%[18] Cash Flow Analysis - Net cash flow from operating activities decreased by 68.00% to CNY 189.70 million year-to-date[4] - The company reported a significant decrease in financing cash flow, which fell by 73.73% to CNY 1,178,100,618.40 from CNY 4,483,693,411.02 in the previous year[11] - Cash flow from operating activities generated a net amount of CNY 189,696,877.77 in Q1 2021, down from CNY 592,814,970.43 in Q1 2020[28] - The net cash flow from operating activities was negative CNY 605,956,791.80, worsening from negative CNY 491,744,708.66 in the same quarter of the previous year[31] - The net cash flow from financing activities was negative CNY 1,108,464,271.83, a significant decline from positive CNY 2,669,744,731.52 in the previous year[32] Investment and Development - Significant increase in contract assets by 161.34% due to increased investment in engineering projects[9] - Development expenditures increased by 56.40% reflecting higher R&D investments[9] - R&D expenses surged by 308.88% to CNY 26,639,440.63 from CNY 6,515,215.42 in the previous year, indicating increased investment in innovation[11] - The company has not disclosed any new product developments or market expansion strategies in this report[9] - The company has initiated an EPC+O project in Zhongshan with a total construction cost of approximately CNY 3,325.24 million, focusing on comprehensive water body remediation[12] Equity and Shareholder Information - The company's equity attributable to shareholders increased to ¥26.15 billion from ¥25.94 billion, a growth of about 0.8%[18] - The company reported a total comprehensive income of ¥246,425,209.15 for Q1 2021, compared to ¥106,465,549.56 in Q1 2020, indicating a growth of approximately 131.6%[24] - The company’s intangible assets rose to ¥33.11 billion from ¥32.84 billion, an increase of approximately 0.8%[18] - The retained earnings stand at 920,284,973.13, indicating profitability and potential for reinvestment[38]