驰宏锌锗(600497) - 2021 Q1 - 季度财报

Important Notice Report Authenticity Statement The company's management guarantees the truthfulness and completeness of this unaudited quarterly report, assuming legal responsibility - The company's management guarantees the truthfulness, accuracy, and completeness of this quarterly report and assumes corresponding legal responsibilities[3] - This company's Q1 2021 report is unaudited[3] Basic Company Information Key Financial Data In Q1 2021, the company achieved strong performance with significant year-on-year growth in revenue and net profit, alongside increased basic EPS and steady asset growth | Key Financial Indicators | Q1 2021 (CNY) | Q1 2020 (CNY) | Year-on-Year Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue (CNY) | 5,258,072,085.54 | 3,400,156,099.52 | 54.64% | | Net Profit Attributable to Shareholders (CNY) | 369,674,336.66 | 176,779,484.45 | 109.12% | | Basic EPS (CNY/share) | 0.0726 | 0.0347 | 109.22% | | Weighted Average ROE (%) | 2.50% | 1.18% | Increased by 1.32 percentage points | | Net Cash Flow from Operating Activities (CNY) | 528,571,905.87 | 564,543,266.80 | -6.37% | - Total non-recurring gains and losses for the period amounted to CNY 39.84 million, primarily comprising government grants of CNY 48.28 million[5] Shareholder Information As of the reporting period end, the company had 165,695 shareholders, with controlling shareholder Yunnan Metallurgical Group holding 38.19%, and the top ten including diverse institutional and individual investors - As of the end of the reporting period, the company had 165,695 shareholders[7] | Shareholder Name | Number of Shares Held | Percentage of Total Share Capital (%) | | :--- | :--- | :--- | | Yunnan Metallurgical Group Co., Ltd. | 1,944,142,784 | 38.19 | | Su Tingbao | 315,511,064 | 6.20 | | Huaneng Guicheng Trust Co., Ltd. - Huaneng Trust·Yuesheng No. 1 | 203,665,987 | 4.00 | | Zhuhai Jinrun Zhongze Investment Center (Limited Partnership) | 162,932,790 | 3.20 | | Bank of China Ltd. - Fullgoal Innovation Trend Stock Investment Fund | 92,897,286 | 1.82 | Significant Events Analysis of Significant Changes in Financial Statement Items This period saw significant changes across financial statements, with asset increases from prepayments and receivables, simultaneous high growth in revenue and costs, reduced financial expenses, and increased investment cash outflows due to equity acquisitions Significant Changes in Balance Sheet Items Significant balance sheet changes include a 1,206.31% surge in prepayments, a 10,358.87% increase in receivables financing, and a 233.16% rise in accounts receivable, driven by acquisitions, bill receipts, and sales growth | Item | Change (%) | Primary Reason | | :--- | :--- | :--- | | Prepayments | 1,206.31 | Increased prepaid equity acquisition payments and imported raw material payments | | Receivables Financing | 10,358.87 | Increased amount of bills received not yet endorsed or matured for acceptance | | Accounts Receivable | 233.16 | Increased zinc alloy sales and accounts receivable within credit limits | | Development Expenditures | 583.25 | Increased capitalized R&D project amounts and ongoing projects | | Contract Liabilities | 93.43 | Increased advance payments for goods under contracts | Significant Changes in Income Statement Items Income statement changes reflect business expansion and cost control, with operating revenue and costs up 54.64% and 60.76% respectively, R&D expenses up 178.10%, and financial expenses down 34.75% due to lower financing costs | Account | Change (%) | Primary Reason | | :--- | :--- | :--- | | Operating Revenue | 54.64 | Increased sales of self-produced products and trade volume | | Operating Cost | 60.76 | Increased purchases of raw materials and trade volume | | R&D Expenses | 178.10 | Increased R&D investment | | Financial Expenses | -34.75 | Decreased interest-bearing debt and financing costs | | Non-operating Income | 1,274.53 | Increased government grants received | Significant Changes in Cash Flow Statement Items Cash flow structure shifted significantly, with operating cash flow slightly down, investing cash outflow sharply up due to acquisitions, and financing cash outflow increasing due to debt repayments | Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | Reason for Change | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 528,571,905.87 | 564,543,266.80 | Increase in operating receivables | | Net Cash Flow from Investing Activities | -448,011,127.33 | -204,847,887.58 | Increased payments for equity acquisitions | | Net Cash Flow from Financing Activities | -152,141,487.80 | 44,775,784.50 | Increased repayment of interest-bearing debt | Appendix Financial Statements This appendix presents the company's unaudited consolidated and parent company financial statements as of March 31, 2021, including the balance sheet, income statement, and cash flow statement Consolidated Balance Sheet As of March 31, 2021, total assets reached CNY 29.56 billion (up 1.11%), total liabilities were CNY 12.18 billion (stable), and parent company equity was CNY 14.96 billion (up 2.26%), indicating a stable financial position | Item | March 31, 2021 (CNY) | December 31, 2020 (CNY) | Change from Prior Year-End (%) | | :--- | :--- | :--- | :--- | | Total Assets | 29,562,712,221.12 | 29,239,050,333.49 | 1.11% | | Total Liabilities | 12,183,284,152.80 | 12,188,814,966.49 | -0.05% | | Total Equity Attributable to Parent Company Owners | 14,959,895,767.75 | 14,628,684,123.56 | 2.26% | Parent Company Balance Sheet As of March 31, 2021, the parent company's total assets were stable at CNY 27.19 billion, total liabilities decreased by 2.46% to CNY 9.89 billion, and total owner's equity increased by 1.45% to CNY 17.30 billion Consolidated Income Statement In Q1 2021, the company reported total operating revenue of CNY 5.26 billion (up 54.64%), total profit of CNY 440 million (up 88.41%), and net profit attributable to parent shareholders of CNY 370 million (up 109.12%), demonstrating enhanced profitability | Item | Q1 2021 (CNY) | Q1 2020 (CNY) | Year-on-Year Change (%) | | :--- | :--- | :--- | :--- | | I. Total Operating Revenue | 5,258,072,085.54 | 3,400,156,099.52 | 54.64% | | IV. Total Profit | 439,508,235.20 | 233,265,605.30 | 88.41% | | Net Profit Attributable to Parent Company Shareholders | 369,674,336.66 | 176,779,484.45 | 109.12% | | VIII. Basic EPS (CNY/share) | 0.0726 | 0.0347 | 109.22% | Parent Company Income Statement In Q1 2021, the parent company's operating revenue grew by 79.32% to CNY 3.40 billion, with net profit increasing by 41.50% to CNY 246 million Consolidated Cash Flow Statement In Q1 2021, operating cash flow slightly decreased to CNY 529 million, while investing activities resulted in a CNY 448 million net outflow due to acquisitions, and financing activities led to a CNY 152 million net outflow from debt repayments, with period-end cash at CNY 719 million | Item | Q1 2021 (CNY) | Q1 2020 (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 528,571,905.87 | 564,543,266.80 | | Net Cash Flow from Investing Activities | -448,011,127.33 | -204,847,887.58 | | Net Cash Flow from Financing Activities | -152,141,487.80 | 44,775,784.50 | | Cash and Cash Equivalents at Period-End | 718,620,023.98 | 1,213,331,104.04 | Parent Company Cash Flow Statement In Q1 2021, the parent company's operating cash flow was a net outflow of CNY 92 million (vs. CNY 135 million inflow prior year), investing activities had a CNY 5 million net inflow, and financing activities a CNY 63 million net outflow