Guizhou Gas(SH:600903)2021-04-27 16:00Financial Performance - Total revenue for Q1 2021 reached CNY 1,415,430,904.64, an increase of 43.13% compared to CNY 988,899,220.10 in the same period last year[12] - Net profit attributable to shareholders was CNY 17,437,647.48, a decrease of 30.25% from CNY 24,999,335.53 in the previous year[12] - Operating profit for Q1 2021 was CNY 25,445,877.70, slightly up from CNY 25,116,051.15 in Q1 2020[35] - The net profit attributable to shareholders of the parent company was CNY 17,437,647.48, down 30.5% from CNY 24,999,335.53 in Q1 2020[37] - Net profit for Q1 2021 was CNY 19,711,479.75, a decrease of 2.5% compared to CNY 20,215,518.47 in Q1 2020[35] - The company reported a total comprehensive income of CNY -74,891,185.04 for Q1 2021, compared to CNY -119,218,571.51 in Q1 2020[37] - The company reported no significant changes in its net profit forecast compared to the previous year[22] Cash Flow and Investments - Operating cash flow for the period was a net outflow of CNY 123,092,651.47, an improvement of 3.3% compared to the outflow of CNY 127,291,145.82 last year[12] - The net cash flow from financing activities was CNY 159,491,479.37, a turnaround from a net outflow of CNY 2,335,162.82 in the previous year, mainly due to minority shareholder investments[18] - Investment activities resulted in a net cash outflow of -72,622,925.52 RMB in Q1 2021, an improvement from -94,332,005.18 RMB in Q1 2020[41] - Cash inflow from financing activities totaled 1,397,899,583.33 CNY, up from 1,070,000,000.00 CNY year-over-year, reflecting a strong financing position[42] - Cash outflow from financing activities was 1,061,847,042.01 CNY, compared to 913,783,531.99 CNY in the previous year, showing an increase in cash used for debt repayment and dividends[42] - The net increase in cash and cash equivalents was -34,958,699.82 CNY, a decrease from -237,665,306.96 CNY in the same period last year, indicating improved cash management[42] Assets and Liabilities - Total assets at the end of the reporting period were CNY 9,037,328,924.10, down 1.58% from CNY 9,182,201,087.20 at the end of the previous year[12] - The company's net assets attributable to shareholders decreased by 2.84% to CNY 2,740,913,138.06 from CNY 2,820,949,366.67[12] - Total liabilities decreased to CNY 5,583,138,945.76 from CNY 5,800,727,542.47, a reduction of about 3.7%[31] - Current liabilities increased to CNY 3,985,682,795.47 from CNY 3,472,975,744.04, showing an increase of approximately 14.7%[32] - Non-current liabilities totaled CNY 839,355,170.19, slightly up from CNY 821,606,471.89, indicating a growth of about 2.0%[32] Shareholder Information - The number of shareholders at the end of the reporting period was 60,259, with the top ten shareholders holding a significant portion of the shares[15] - Shareholders' equity increased to CNY 3,454,189,978.34 from CNY 3,381,473,544.73, reflecting a growth of approximately 2.2%[31] Operating Costs - The company reported a significant increase in operating costs, with total operating costs rising by 49.65% to CNY 1,245,748,477.84 due to increased gas procurement costs[18] - Total operating costs for Q1 2021 were CNY 1,404,030,427.50, up 44.0% from CNY 972,277,617.37 in Q1 2020[35] Goodwill and Non-Current Assets - The company's goodwill increased by 36.92% to CNY 77,242,503.71, primarily due to the acquisition of a new company[18] - The goodwill on the balance sheet increased to RMB 77.24 million from RMB 56.42 million, indicating a growth of approximately 37%[28] - The company's non-current assets totaled RMB 6.87 billion, down from RMB 6.95 billion at the end of 2020[28] Research and Development - Research and development expenses for Q1 2021 were CNY 123,597.89, a decrease of 44.8% from CNY 223,469.06 in Q1 2020[35]