赤天化(600227) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue for the first quarter reached CNY 440,200,269.71, a 54.10% increase year-on-year[7] - Net profit attributable to shareholders was CNY 30,873,936.72, compared to a loss of CNY 26,857,172.13 in the same period last year[7] - Basic earnings per share improved to CNY 0.0182 from a loss of CNY 0.0159 in the previous year[7] - The weighted average return on equity was 0.96%, up from -0.85% year-on-year[7] - The company reported an operating profit of ¥29,316,412.95 for Q1 2021, compared to an operating loss of ¥26,203,899.47 in Q1 2020[26] - The net profit for Q1 2021 was CNY 29,410,266.61, compared to a net loss of CNY 27,416,555.63 in Q1 2020, marking a turnaround in profitability[27] - The company reported a total comprehensive income for Q1 2021 of CNY 28,425,498.63, compared to a total comprehensive loss of CNY -27,095,801.07 in Q1 2020[27] - The company experienced a net loss of CNY 7,232,620.71 in Q1 2021, an improvement from a net loss of CNY 9,407,926.04 in Q1 2020[30] Cash Flow - Net cash flow from operating activities increased by 49.90% to CNY 114,553,375.80 compared to the same period last year[7] - Cash flow from operating activities improved by 49.90% to CNY 114,553,375.80, primarily due to increased cash receipts from sales[15] - Operating cash inflow for Q1 2021 was CNY 457,246,416.21, up from CNY 279,524,600.41 in Q1 2020, indicating strong cash generation[31] - Total cash inflow from operating activities was CNY 404,188,339.77, up from CNY 220,288,981.75 in the same period last year, representing an increase of approximately 83.2%[34] - The net cash flow from investing activities was -CNY 30,782,627.81, showing a decrease from -CNY 33,149,642.89 in Q1 2020[33] - The net cash flow from financing activities was -CNY 29,226,019.92, compared to -CNY 16,060,391.25 in Q1 2020, indicating a worsening cash flow situation[33] Assets and Liabilities - Total assets increased by 1.75% to CNY 4,736,924,175.23 compared to the end of the previous year[7] - The company’s total assets as of March 31, 2021, amounted to CNY 4,736,924,175.23, up from CNY 4,655,407,666.13 at the end of 2020[21] - Total liabilities amounted to CNY 1,478,382,559.17 as of March 31, 2021, compared to CNY 1,425,504,585.53 at the end of 2020, showing a slight increase of 4%[22] - Total liabilities were reported at CNY 1,000,000,000.00, reflecting the company's financial obligations[38] - Total liabilities amounted to CNY 1,425,504,585.53, with current liabilities at CNY 1,301,092,378.12 and non-current liabilities at CNY 124,412,207.41[39] Shareholder Information - The total number of shareholders reached 61,978 by the end of the reporting period[10] - The largest shareholder, Guizhou Yuyang Trading Co., Ltd., holds 26.44% of the shares, with 414,954,654 shares pledged[10] Research and Development - The company’s research and development expenses rose by 36.56% to CNY 11,226,015.51, reflecting increased R&D projects at its subsidiary[14] - Research and development expenses for Q1 2021 were ¥11,226,015.51, an increase from ¥8,220,788.28 in Q1 2020, indicating a rise of 37%[26] Operating Costs - Operating costs increased by 72.05% to CNY 353,328,056.80, driven by higher production and transportation costs[13] - The company incurred operating costs of CNY 48,889,166.63 in Q1 2021, which is an increase from CNY 12,548,661.98 in Q1 2020[29] Government Subsidies - The company received government subsidies amounting to CNY 2,005,098.68 related to its normal business operations[7] Financial Management - The company reported a decrease in management expenses to CNY 7,015,837.43 in Q1 2021 from CNY 8,212,230.83 in Q1 2020, reflecting improved cost management[29] - The company reported a decrease in financial expenses to CNY 2,235,136.13 in Q1 2021 from CNY 2,377,349.74 in Q1 2020, indicating better financial management[29]