方大特钢(600507) - 2021 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders rose by 103.70% to CNY 552,809,280.37 year-on-year[8] - Operating revenue increased by 26.95% to CNY 4,041,637,023.88 compared to the same period last year[8] - Basic earnings per share doubled to CNY 0.26 from CNY 0.13 in the previous year[8] - The company reported a net profit margin improvement due to increased operational efficiency, although specific profit figures were not disclosed in the provided data[28] - Net profit for Q1 2021 reached CNY 554,513,579.58, representing a 106.7% increase from CNY 268,260,597.73 in Q1 2020[30] - Operating profit for Q1 2021 was CNY 736,009,199.43, up 87.3% from CNY 393,058,610.19 in Q1 2020[29] - The total profit for Q1 2021 was CNY 731,751,492.24, a 105.5% increase from CNY 356,773,347.28 in Q1 2020[29] Assets and Liabilities - Total assets increased by 12.34% to CNY 15,407,485,544.72 compared to the end of the previous year[8] - Total current assets reached RMB 11,149,378,525.79, up from RMB 9,448,419,650.32, indicating strong liquidity growth[19] - Current liabilities totaled ¥6,768,749,337.87, an increase of 17.9% from ¥5,744,602,011.87 in the previous period[25] - Non-current liabilities amounted to ¥39,168,148.61, slightly decreased from ¥39,627,383.26, indicating a reduction of 1.2%[25] - Shareholders' equity totaled ¥7,288,799,288.83, an increase of 3.2% from ¥7,062,491,070.60[25] Cash Flow - Net cash flow from operating activities was negative at CNY -128,391,927.93, compared to CNY 556,587,110.62 in the same period last year[8] - The company reported a financial expense of CNY -54,437,146.35 in Q1 2021, compared to CNY -25,380,703.03 in Q1 2020, indicating a significant increase in financial income[29] - The company experienced a decrease in cash flow from operating activities, with CNY 3,001,056,308.82 in Q1 2021 compared to CNY 3,579,534,744.64 in Q1 2020, a decline of 16.1%[36] - The net cash flow from operating activities for Q1 2021 was -128,391,927.93 RMB, a significant decrease compared to 556,587,110.62 RMB in Q1 2020[37] - Cash inflow from sales of goods and services was 2,759,908,166.52 RMB, down from 3,464,358,844.42 RMB in the same period last year[39] Shareholder Information - The total number of shareholders reached 104,998 by the end of the reporting period[11] - The top shareholder, CITIC Securities, holds 468,053,000 shares, accounting for 21.71% of total shares[11] - The company plans to distribute a cash dividend of RMB 2,371,545,245.30 (RMB 11 per 10 shares) to shareholders, reflecting a commitment to returning value[16] Research and Development - Research and development expenses grew by 30.30% to RMB 12,803,777.76 from RMB 9,826,360.93, reflecting increased investment in R&D[15] - Research and development expenses increased to CNY 12,803,777.76 in Q1 2021, up from CNY 9,826,360.93 in Q1 2020, reflecting a growth of 30.1%[29] Financing Activities - Cash flow from financing activities surged by 542.96% to RMB 589,709,939.53 from RMB 91,717,597.46, mainly due to a reduction in loan repayments in the previous period[16] - The company received 200,000,000.00 RMB from borrowings during Q1 2021, compared to no borrowings in Q1 2020[40] - The net cash flow from financing activities was 589,709,939.53 RMB in Q1 2021, a substantial increase from 91,717,597.46 RMB in Q1 2020[38] Inventory and Receivables - Accounts receivable increased by 111.26% to RMB 613,672,929.61 from RMB 290,483,294.35 due to an increase in receivables within the contract scope[15] - Financing receivables rose by 61.37% to RMB 1,692,598,003.89 from RMB 1,048,899,740.54 as the company reduced the use of receivables and increased the issuance of payables[15] - Contract liabilities increased by 137.69% to RMB 529,920,588.53 from RMB 222,943,253.79, primarily due to an increase in contract liabilities at the end of the period[15] - Other receivables increased by 73.71% to RMB 59,202,182.13 from RMB 34,081,149.47, primarily due to an increase in accrued deposit interest[15] Operational Costs - Total operating costs for Q1 2021 were CNY 3,348,481,553.04, an increase of 18.1% from CNY 2,833,552,059.06 in Q1 2020[29] - Inventory increased to ¥1,033,226,722.36 from ¥812,779,809.17, representing a growth of 27.1%[24] - Accounts payable rose to ¥2,176,315,275.93, up from ¥1,795,007,965.03, reflecting a growth of 21.2%[24]