六国化工(600470) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue rose by 28.36% to CNY 1,182,987,016.14 from CNY 921,582,197.61 in the same period last year[5] - Net profit attributable to shareholders of the listed company reached CNY 42,618,771.07, a significant improvement from a loss of CNY 3,227,952.30 in the previous year[5] - Basic and diluted earnings per share were both CNY 0.11, compared to a loss of CNY 0.01 per share in the previous year[5] - Operating profit for Q1 2021 was ¥71,015,170.74, compared to ¥3,814,921.95 in Q1 2020, indicating significant improvement[20] - The company reported a net profit of ¥71,810,719.92 for Q1 2021, a turnaround from a net loss of ¥8,085,970.89 in Q1 2020[20] - Net profit for Q1 2021 was ¥71,291,394.15, compared to a net loss of ¥8,091,276.49 in Q1 2020, marking a significant turnaround[21] - The total comprehensive income for Q1 2021 was ¥71,291,394.15, compared to a loss of ¥8,091,276.49 in Q1 2020[21] Assets and Liabilities - Total assets increased by 7.19% to CNY 4,841,184,855.43 compared to the end of the previous year[5] - Total assets increased to ¥4,841,184,855.43 from ¥4,516,277,653.10, indicating growth in the company's asset base[12] - Total liabilities as of March 31, 2021, were ¥2,287,681,866.26, compared to ¥1,959,837,043.58 at the end of 2020, showing a 16.7% increase[17] - Short-term borrowings rose to ¥1,513,724,664.77 from ¥1,338,636,047.28, reflecting increased financing activities[13] Cash Flow - Cash flow from operating activities decreased by 96.64% to CNY 4,018,406.12 compared to CNY 119,729,251.16 in the same period last year[5] - Net cash flow from operating activities was ¥4,018,406.12, a significant decrease compared to ¥119,729,251.16 in the same period last year, mainly due to increased cash payments for goods and services[10] - The net cash flow from operating activities was ¥58,763,265.79, a decrease of 62% compared to ¥154,510,270.18 in Q1 2020[30] - Cash inflow from operating activities totaled ¥786,439,987.08, up 17.3% from ¥670,726,256.56 in the same period last year[30] - Cash outflow from operating activities increased to ¥727,676,721.29, compared to ¥516,215,986.38 in Q1 2020, reflecting a rise of 40.9%[30] - The net cash flow from financing activities increased to ¥121,102,542.55, compared to ¥108,997,381.17 in the previous year, marking a rise of 11.9%[31] Shareholder Information - The total number of shareholders reached 28,854 by the end of the reporting period[6] - The largest shareholder, Tongling Chemical Industry Group Co., Ltd., held 25.49% of the shares[7] Research and Development - Research and development expenses rose by 65.98% to ¥29,211,644.07, reflecting increased investment in R&D projects[10] - Research and development expenses for Q1 2021 were ¥29,211,644.07, up from ¥17,599,484.63 in Q1 2020, reflecting a 66.5% increase in investment in innovation[20] - Research and development expenses increased to ¥25,924,607.81 in Q1 2021, up from ¥16,847,134.05 in Q1 2020, reflecting a focus on innovation[23] Inventory and Receivables - Inventory increased by 38.38% to ¥986,989,302.31, primarily due to an increase in stock of goods[10] - Accounts receivable financing decreased by 39.08% to ¥35,892,061.70 due to a reduction in payments made by customers using bank acceptance bills[10] Other Financial Metrics - Non-recurring gains and losses totaled CNY 12,232,694.19, primarily from asset disposal and government subsidies[6] - Other income surged by 483.92% to ¥20,922,813.35, primarily due to an increase in government subsidies received compared to the previous year[10] - Management expenses increased by 47.65% to ¥28,126,577.44, mainly due to higher employee compensation[10] - Total operating costs for Q1 2021 were ¥1,132,860,558.81, up from ¥923,630,264.35 in Q1 2020, reflecting a 22.6% increase[20] - The company has not disclosed any significant new product developments or market expansion strategies in this report[8]