安源煤业(600397) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue for the first quarter reached CNY 1,934,141,513.24, a 51.46% increase year-on-year[7] - Net profit attributable to shareholders was CNY -21,506,289.79, improving by 71.05% compared to the same period last year[7] - The net cash flow from operating activities was CNY 26,487,079.76, a significant turnaround from CNY -177,338,332.29 in the previous year[7] - Operating revenue for Q1 2021 reached ¥1,934,141,513.24, an increase of ¥657,109,064.53 or 51.46% compared to Q1 2020, primarily due to increased trading activities[14] - The net profit attributable to the parent company was a loss of ¥21,506,289.79, an improvement of ¥52,793,063.65 or 71.05% compared to a loss of ¥74,299,353.44 in the same period last year, largely impacted by the pandemic[14] - The company reported a significant increase in other income, which rose to ¥4,702,093.05, a growth of 292.03% compared to ¥1,199,415.97 in Q1 2020, mainly due to increased government subsidies[14] - Investment income for Q1 2021 was ¥157,123.62, a turnaround from a loss of ¥1,400,750.68 in the same period last year, primarily due to improved performance of associated companies[14] - Net loss for Q1 2021 was CNY 23,759,953.65, an improvement from a net loss of CNY 75,386,821.10 in Q1 2020[24] - Basic and diluted earnings per share for Q1 2021 were both CNY -0.0217, compared to CNY -0.0751 in Q1 2020[24] Assets and Liabilities - Total assets increased by 3.75% to CNY 7,767,956,609.76 compared to the end of the previous year[7] - The company reported a significant increase in accounts receivable by 60.56% to CNY 604,129,873.25 due to increased bill settlements[13] - Construction in progress rose by 57.81% to CNY 140,433,843.47, attributed to ongoing mining projects[13] - The company recognized a new asset category for right-of-use assets amounting to CNY 13,988,807.20 due to the adoption of new leasing standards[13] - Total liabilities increased to ¥7,281,565,063.36 from ¥6,980,200,316.59 at the end of 2020, reflecting ongoing financial commitments[19] - The company's total assets as of March 31, 2021, were CNY 4,361,022,031.31, compared to CNY 4,204,478,962.79 at the end of 2020[22] - Current assets increased to CNY 484,467,777.84 as of March 31, 2021, from CNY 341,592,964.26 at the end of 2020, reflecting a growth of 42.0%[22] - Total liabilities as of March 31, 2021, were CNY 1,261,587,257.27, compared to CNY 1,104,743,991.77 at the end of 2020, representing an increase of 14.2%[22] - The company’s total current liabilities increased to ¥6,568,723,533.29 from ¥6,254,532,155.76 at the end of 2020, indicating a rise in short-term financial obligations[19] Cash Flow - The net cash flow from operating activities was -$156.67 million, a decrease from $60.94 million in the previous year[32] - Cash outflow from investing activities totaled $379,252.50, resulting in a net cash flow from investing activities of -$379,252.50[32] - Cash inflow from financing activities was $359.85 million, compared to $270 million in the previous year, leading to a net cash flow from financing activities of $218.75 million[32] - The net increase in cash and cash equivalents was $61.71 million, contrasting with a decrease of $1.77 million in the previous year[32] - The ending balance of cash and cash equivalents was $62.47 million, up from $49.35 million in the previous year[32] Shareholder Information - The number of shareholders reached 58,500, with Jiangxi Energy Group Co., Ltd. holding 39.34% of shares[11] Employee Compensation - Employee compensation payable decreased by 58.68% to CNY 44,869,232.89, reflecting changes in payroll timing[13] Financial Expenses - The company incurred financial expenses of CNY 5,189,522.28 in Q1 2021, significantly higher than CNY 2,378,748.28 in Q1 2020[26] - The company reported interest expenses of CNY 15,395,227.57 in Q1 2021, down from CNY 26,947,954.49 in Q1 2020[26]