玉龙股份(601028) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue increased by 85.06% to CNY 2,481,536,341.85 year-on-year[17] - Net profit attributable to shareholders increased by 397.47% to CNY 104,805,953.63 compared to the same period last year[17] - The company reported a net profit increase of 30.06% in retained earnings, reaching ¥473,847,652.92, due to a rebound in commodity market prices[27] - The company anticipates a significant increase in cumulative net profit for the year compared to the previous year, driven by rising commodity prices[34] - Net profit for Q1 2021 was ¥102,732,114.46, compared to ¥21,067,949.16 in Q1 2020, representing a growth of 387.5%[56] - The company reported a total comprehensive income of ¥107,155,129.97 for Q1 2021, significantly higher than ¥21,067,949.16 in Q1 2020[56] - The company’s total comprehensive income for the current period was approximately 24.32 million, compared to 22.83 million in the same period last year, indicating an increase of about 6.5%[61] Cash Flow - Net cash flow from operating activities decreased by 89.28% to CNY 3,322,540.36 compared to the previous year[17] - Cash inflow from operating activities totaled approximately 2.75 billion, significantly higher than 1.33 billion in the previous year, marking an increase of about 106.5%[66] - Cash outflow from operating activities was approximately 2.74 billion, compared to 1.30 billion in the same period last year, reflecting an increase of about 111%[66] - Net cash flow from operating activities was approximately 3.32 million, a decrease from 31 million in the previous year, indicating a decline of about 89.3%[66] - Total cash inflow from operating activities amounted to $2,013,853,494.99, compared to $1,334,677,603.29 previously, reflecting a growth of approximately 51%[71] - Total cash outflow from operating activities was $2,014,307,322.84, up from $1,269,895,065.46, indicating an increase of about 58%[71] - The company reported cash received from other operating activities of $1,142,260,370.74, compared to $388,032,538.54 previously, marking a significant increase[71] Assets and Liabilities - Total assets decreased by 3.55% to CNY 3,580,387,309.48 compared to the end of the previous year[17] - Total current assets decreased to ¥3,572,494,491.65 from ¥3,703,141,764.11, a decline of approximately 3.5%[38] - Total non-current assets decreased to ¥7,892,817.83 from ¥8,889,015.04, a decline of approximately 11.2%[42] - Total current liabilities decreased to ¥1,169,013,373.53 from ¥1,407,811,973.17, a decrease of approximately 16.9%[44] - Total liabilities decreased to ¥1,169,013,373.53 from ¥1,407,811,973.17, a decline of about 16.9%[44] - The balance of accounts payable was ¥66,174,820.02, a decrease of 42.87% from the previous year, due to payments made to suppliers during the reporting period[27] Shareholder Information - The number of shareholders at the end of the reporting period was 17,420[20] - The largest shareholder, Hainan Houai Technology Co., Ltd., holds 26.00% of the shares[20] Inventory and Receivables - Accounts receivable decreased by 48.51% to CNY 247,571,313.43 due to increased collection of receivables[24] - Other receivables increased by 84.16% to CNY 26,616,829.76 due to increased performance guarantees[24] - The ending balance of inventory was ¥321,858,955.26, a decrease of 44.68% compared to the end of the previous year due to a reduction in operational inventory[27] Financial Expenses - The company reported a financial expense of ¥4,715,632.29, reflecting an increase due to higher interest expenses compared to the previous period[30] - The financial expenses for Q1 2021 amounted to ¥4,715,632.29, compared to a negative expense of -¥701,745.62 in Q1 2020[54] - The company’s tax expenses for Q1 2021 were ¥2,034,194.80, compared to a tax benefit of -¥455,913.33 in Q1 2020[56] Future Plans - The company plans to terminate a major asset acquisition and related transaction due to changes in the international economic environment[31] - The company plans to continue expanding its market presence and investing in new technologies, although specific strategies were not disclosed in the provided content[54]