华阳新材(600281) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue fell by 61.38% to CNY 81,260,368.55 year-on-year[5] - Net profit attributable to shareholders was CNY 2,967,067.09, a significant recovery from a loss of CNY 1,284,821.04 in the same period last year[5] - The company reported a basic earnings per share of CNY 0.0058, a recovery from a loss of CNY 0.0025 per share in the previous year[5] - Operating profit for Q1 2021 was CNY 2,966,007.70, compared to a loss of CNY 1,299,701.54 in Q1 2020, showing a significant turnaround[24] - Net profit for Q1 2021 was CNY 2,967,067.09, while the company reported a net loss of CNY 1,284,821.04 in Q1 2020, marking a positive shift[25] - The company’s total comprehensive income for the period was -1,385,530.66 RMB, compared to -3,355,329.38 RMB in Q1 2020, showing an improvement[33] Assets and Liabilities - Total assets decreased by 13.91% to CNY 735,143,525.83 compared to the end of the previous year[5] - Total current assets decreased from CNY 392,883,439.01 to CNY 274,769,534.13, a decline of 30.06%[14] - The total assets decreased from CNY 853,970,368.50 to CNY 735,143,525.83, a reduction of 13.87%[16] - The total liabilities decreased from CNY 327,337,430.63 to CNY 205,543,520.87, a decline of 37.14%[16] - The company's total liabilities as of Q1 2021 amounted to CNY 180,447,006.08, down from CNY 302,779,190.31 in the previous year, a reduction of approximately 40.5%[20] Cash Flow - Cash flow from operating activities improved, with a net cash outflow of CNY 10,230,010.52, compared to CNY 18,571,920.18 in the previous year[5] - In Q1 2021, the company reported a net cash flow from operating activities of -10,230,010.52 RMB, an improvement from -18,571,920.18 RMB in Q1 2020, indicating a 45.5% reduction in losses[32] - Total cash inflow from operating activities was 9,449,311.03 RMB, down 92.5% from 126,101,746.47 RMB in the same period last year[31] - The company incurred total cash outflows from operating activities of 19,679,321.55 RMB, a decrease of 86.4% from 144,673,666.65 RMB in Q1 2020[32] - The net cash flow from financing activities was -118,926,915.04 RMB, compared to -7,377,756.68 RMB in the same quarter last year, indicating a substantial increase in cash outflows[35] Shareholder Information - The number of shareholders reached 26,010, with the largest shareholder holding 43.48% of the shares[8] Expenses - Management expenses rose by 48.16% year-on-year, from CNY 6,460,888.78 to CNY 9,572,284.76, mainly due to increases in employee compensation and repair costs[14] - Financial expenses decreased by 41.56%, from CNY 4,785,996.88 to CNY 2,797,063.10, primarily due to reduced bank loan interest[14] - Management expenses for Q1 2021 were CNY 9,572,284.76, an increase from CNY 6,460,888.78 in Q1 2020, reflecting a rise of about 48.5%[24] - The company paid 7,178,176.85 RMB to employees, an increase from 5,220,385.93 RMB in Q1 2020, reflecting a 37.5% rise in employee-related expenses[32] Other Financial Metrics - The weighted average return on equity increased to 0.56% from -0.27% year-on-year[5] - The company reported a total equity of CNY 529,600,004.96, slightly up from CNY 526,632,937.87, indicating a marginal increase of 0.35%[16] - Total operating costs for Q1 2021 were CNY 78,297,117.03, down from CNY 211,727,129.62 in Q1 2020, indicating a decrease of about 63.0%[24] - Basic and diluted earnings per share for Q1 2021 were CNY 0.0058, compared to a loss per share of CNY 0.0025 in Q1 2020[25] Borrowings and Commitments - The company had no short-term borrowings at the end of the reporting period, down from CNY 196,000,000.00 previously[10] - The company has no overdue commitments or significant changes in net profit expectations compared to the previous year[14] Cash and Cash Equivalents - Cash and cash equivalents decreased by 66.28% to CNY 65,785,326.36, primarily due to repayment of bank loans[10] - Cash and cash equivalents decreased from CNY 195,102,459.00 to CNY 65,785,326.36, a drop of 66.32%[14] - The ending balance of cash and cash equivalents was 65,785,326.36 RMB, down from 220,338,419.90 RMB in the previous year[33]