FJC(SH:600802)2021-04-28 16:00Financial Performance - Net profit attributable to shareholders decreased by 45.73% to CNY 40,778,830.06 year-on-year[6] - Operating revenue rose by 43.15% to CNY 618,244,480.84 compared to the same period last year[6] - Total profit decreased by 64.85% year-on-year to CNY 37.49 million, mainly due to falling cement sales prices and rising raw material costs[19] - The net profit attributable to shareholders of the parent company was ¥40,778,830.06, down 45.5% from ¥75,134,701.00 in Q1 2020[35] - Net profit for Q1 2021 was ¥32,183,346.53, a decrease of 60.9% from ¥82,409,100.75 in Q1 2020[34] - The company's net profit for Q1 2021 reached CNY 145,046,010.59, a significant increase compared to CNY 12,217,994.15 in Q1 2020, reflecting a growth of approximately 1,188%[37] - Operating profit for Q1 2021 was CNY 144,393,514.04, compared to CNY 13,259,496.01 in the same period last year, indicating a year-over-year increase of about 984%[37] Assets and Liabilities - Total assets increased by 2.10% to CNY 4,604,109,770.81 compared to the end of the previous year[6] - Current assets decreased to CNY 641,149,961.53 from CNY 787,625,082.77, a decline of about 18.5%[26] - Non-current assets rose to CNY 3,962,959,809.28 from CNY 3,721,853,462.98, an increase of approximately 6.5%[27] - Total liabilities slightly increased to CNY 2,735,760,607.31 from CNY 2,719,369,514.77, showing a marginal growth of about 0.6%[28] - Current liabilities decreased to CNY 2,417,063,094.42 from CNY 2,514,999,339.11, a reduction of approximately 3.9%[28] - The company's total liabilities rose from 2,719,369,514.77 RMB to 2,730,241,601.53 RMB, reflecting an increase in long-term lease liabilities[47] Cash Flow - Cash flow from operating activities improved significantly, reaching CNY 26,765,700.47, compared to a negative CNY 156,741,283.97 in the previous year[6] - Cash received from tax refunds increased by CNY 10.59 million, attributed to incremental tax refunds received by the Lianshi plant[20] - Cash and cash equivalents at the end of Q1 2021 were CNY 258,313,410.23, down from CNY 523,088,508.85 at the end of Q1 2020, reflecting a decrease of approximately 50.7%[40] - The cash inflow from financing activities was 562,560,000.00 RMB, primarily from borrowings, compared to 649,781,895.83 RMB in the previous period[42] - The cash outflow for investing activities was 18,141,525.53 RMB, significantly higher than 136,375,107.59 RMB in the previous period, indicating increased capital expenditures[42] Shareholder Information - The number of shareholders reached 62,003, with the largest shareholder holding 28.78% of the shares[10] - The company reported a total equity of CNY 1,868,349,163.50, up from CNY 1,790,109,030.98, reflecting an increase of approximately 4.4%[28] - Total equity increased to ¥1,746,406,343.32 in Q1 2021, up 14.4% from ¥1,525,687,133.78 in Q1 2020[34] Operational Metrics - Operating costs surged by 100.63% year-on-year to CNY 518.72 million, primarily due to increased sales and rising raw material costs[18] - The company reported a significant increase in accounts receivable by 339.16% to CNY 1,692,789.55[13] - Prepayments surged by 702.6% to CNY 9,885,066.48 compared to the beginning of the year[13] - The company established a wholly-owned subsidiary, Fujian Shunchang Lianshi Cement Co., Ltd., from the Lianshi Cement Plant on February 20, 2021[22] Investment Activities - Investment activities resulted in a net cash outflow of CNY -100,076,882.22 in Q1 2021, compared to a net outflow of CNY -136,792,878.94 in Q1 2020, indicating an improvement in investment cash flow[40] - The net cash flow from investment activities was -11,898,661.87 RMB, a significant decrease compared to -136,159,295.67 RMB in the previous period, indicating a reduction in investment outflows[42]