创业环保(600874) - 2020 Q1 - 季度财报

Financial Performance - Operating revenue for the first quarter reached CNY 71,627.6 million, a 20.86% increase year-on-year[11] - Net profit attributable to shareholders was CNY 12,980.7 million, representing a 39.00% increase compared to the same period last year[11] - Basic earnings per share rose by 40.00% to CNY 0.091 per share[11] - Total revenue for Q1 2020 reached 716,276, an increase of 20.9% compared to 592,634 in Q1 2019[42] - Operating profit for Q1 2020 was 167,983, up 29.4% from 129,846 in Q1 2019[42] - Net profit for Q1 2020 was 135,034, representing a 38.6% increase from 97,454 in Q1 2019[42] - Earnings per share for Q1 2020 was 0.091, compared to 0.065 in Q1 2019, reflecting a 39.7% growth[44] - The total comprehensive income for the first quarter of 2020 was 92,585 thousand RMB, compared to 40,046 thousand RMB in the same period of 2019, representing an increase of 131.3%[50] Cash Flow - Net cash flow from operating activities decreased significantly by 102.54% to -CNY 525.2 million[11] - The net cash flow from operating activities for the first quarter of 2020 was -5,252 thousand RMB, a decrease from 206,931 thousand RMB in the first quarter of 2019[53] - Cash inflows from operating activities totaled 612,724 thousand RMB in Q1 2020, down 12.1% from 697,103 thousand RMB in Q1 2019[53] - Cash outflows from operating activities increased to 617,976 thousand RMB in Q1 2020, compared to 490,172 thousand RMB in Q1 2019, marking a rise of 26.0%[53] - The net cash flow from investing activities was -469,117 thousand RMB in Q1 2020, an improvement from -693,252 thousand RMB in Q1 2019[53] - Cash inflows from financing activities amounted to 1,165,230 thousand RMB in Q1 2020, compared to 697,230 thousand RMB in Q1 2019, reflecting a growth of 67.0%[53] - The net cash flow from financing activities was 560,530 thousand RMB in Q1 2020, up from 413,732 thousand RMB in Q1 2019, indicating an increase of 35.5%[53] - The ending balance of cash and cash equivalents was 2,152,462 thousand RMB at the end of Q1 2020, compared to 1,735,954 thousand RMB at the end of Q1 2019, representing a growth of 24.0%[54] Assets and Liabilities - Total assets increased by 2.39% to CNY 1,842,046.2 million compared to the end of the previous year[11] - Total liabilities reached RMB 1,113,054 million, up by RMB 28,192 million or 2.60% from the end of the previous year[20] - Total assets amounted to CNY 12,203,723 thousand, up from CNY 11,894,179 thousand, indicating an increase of around 2.6%[35] - Non-current liabilities totaled CNY 8,276,814 thousand, compared to CNY 7,299,751 thousand, reflecting an increase of approximately 13.4%[31] - Total equity attributable to shareholders rose to CNY 6,303,832 thousand, compared to CNY 6,174,025 thousand, reflecting an increase of about 2.1%[31] - Cash and cash equivalents reached CNY 925,270 thousand, an increase from CNY 741,257 thousand, marking a growth of approximately 25%[31] - Accounts receivable increased to CNY 2,078,702 thousand from CNY 1,958,081 thousand, showing a rise of about 6.1%[31] Operational Highlights - The company processed approximately 350 million cubic meters of wastewater in Q1 2020, representing a year-on-year increase of about 7.6%[20] - The new wastewater treatment price in Tianjin was set at RMB 2.32 per cubic meter, compared to RMB 1.76 per cubic meter in the same period last year[20] - Sales expenses surged by RMB 280.40 million or 277.08% due to the operational launch of hazardous waste projects[20] - Other income rose by RMB 2,260.10 million or 130.87%, primarily due to increased VAT refunds and deferred income[20] Shareholder Information - The total number of shareholders at the end of the reporting period was 76,421[14] - The largest shareholder, Tianjin Municipal Investment Co., Ltd., holds 50.14% of the shares[14] Government Support - The company received government subsidies amounting to CNY 1,811.9 million during the reporting period[14] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency and drive future growth[51]