中盐化工(600328) - 2021 Q1 - 季度财报

Financial Performance - The net profit attributable to shareholders for Q1 2021 increased by 315.83% year-on-year, reaching ¥255,089,538.92, primarily due to improved business conditions as the impact of COVID-19 eased and the prices of main products like PVC and soda ash rose[11]. - Operating revenue for Q1 2021 was ¥2,364,906,993.94, representing a year-on-year growth of 22.80% compared to ¥1,925,888,628.79 in the same period last year[11]. - The net profit for Q1 2021 increased by CNY 439,018,365.15, reflecting a significant growth driven by improved product volume and pricing due to the easing of the pandemic[23]. - Basic earnings per share for Q1 2021 were ¥0.2664, a significant increase of 262.94% from ¥0.0734 in the same period last year[11]. - Operating profit for Q1 2021 was ¥340,580,774.49, significantly higher than ¥126,356,211.45 in Q1 2020, indicating a year-over-year increase of 169.5%[44]. - The company reported a net profit margin improvement, with net profit for Q1 2021 showing a substantial increase compared to the previous year[44]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 47.61% year-on-year, amounting to ¥725,808,410.04, up from ¥491,717,532.41[11]. - Cash and cash equivalents at the end of the reporting period amounted to CNY 829,446,574.35, an increase of 40.91% from CNY 588,651,235.89 at the beginning of the year[23]. - The net cash flow from operating activities was 273,894,775.40 RMB, a significant improvement compared to a net outflow of 18,684,998.89 RMB in the same quarter last year[57]. - Cash inflow from operating activities totaled 1,143,932,839.63 RMB, up from 717,714,335.02 RMB year-over-year[57]. - The ending balance of cash and cash equivalents was 479,841,170.37 RMB, up from 97,993,067.33 RMB in the previous year[59]. Assets and Liabilities - The total assets at the end of Q1 2021 were ¥13,771,828,887.00, a 2.86% increase from ¥13,388,895,102.71 at the end of the previous year[11]. - Total current assets increased to ¥3,308,508,324.42 from ¥2,759,055,271.94, representing a growth of approximately 19.9% year-over-year[29]. - Total liabilities increased to ¥6,528,342,036.69 from ¥6,422,390,430.77, representing a growth of about 1.7%[34]. - Current liabilities amounted to ¥5,774,042,129.12, slightly up from ¥5,634,733,404.32, which is an increase of approximately 2.5%[32]. - The company reported a significant reduction in financial expenses, down 31.92% to CNY 35,228,742.57, attributed to a decrease in interest-bearing liabilities[23]. Shareholder Information - The company reported a total of 33,901 shareholders as of the end of the reporting period[18]. - The largest shareholder, Zhongyan Jilantai Salt Chemical Group Co., Ltd., held 56.69% of the shares, amounting to 542,945,300 shares[18]. - Shareholders' equity rose to ¥7,243,486,850.31 from ¥6,966,504,671.94, indicating an increase of approximately 4.0%[34]. Research and Development - The company's research and development expenses decreased by 67.71% to CNY 1,729,032.37 compared to CNY 5,355,074.55 in the same period last year[23]. - Research and development expenses for Q1 2021 were ¥1,729,032.37, down from ¥5,355,074.55 in Q1 2020, indicating a strategic focus on cost management[44]. Future Plans - The company plans to continue focusing on the development of new products and technologies to enhance market expansion and competitiveness[11]. - The company plans to continue focusing on market expansion and product development to sustain growth momentum in the upcoming quarters[22]. - The company plans to expand its market presence and invest in new technologies to drive future growth[44].