重庆水务(601158) - 2021 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders rose by 117.70% to CNY 568,591,597.64 year-on-year[4] - Operating revenue grew by 28.49% to CNY 1,459,166,739.08 compared to the same period last year[4] - Basic earnings per share increased by 140.00% to CNY 0.12[5] - The company reported a significant increase in income tax expenses, rising by 447.73% to ¥88,894,278.22, due to profits from wastewater treatment services[12] - The company reported a net profit increase, with retained earnings rising to ¥4.38 billion from ¥3.81 billion, reflecting a growth of approximately 15.0%[19] - Net profit for Q1 2021 reached ¥568,960,595.13, compared to ¥261,553,258.00 in Q1 2020, representing a growth of 117.5%[25] - The total comprehensive income for Q1 2021 was approximately ¥285.30 million, significantly higher than ¥88.52 million in Q1 2020[29] Assets and Liabilities - Total assets increased by 10.83% to CNY 27,191,880,733.72 compared to the end of the previous year[4] - Total liabilities increased to ¥11.06 billion from ¥8.94 billion, showing a growth of about 23.7%[19] - Current liabilities totaled ¥6.05 billion, up from ¥4.16 billion, indicating an increase of approximately 45.4%[18] - The company's equity attributable to shareholders increased to ¥16.06 billion from ¥15.52 billion, a growth of approximately 3.5%[19] - Total assets reached ¥21,368,918,702.30 in Q1 2021 from ¥19,951,449,526.37 in Q1 2020, marking an increase of 7.1%[22] - Total liabilities rose to ¥8,256,733,169.50 in Q1 2021, compared to ¥7,124,560,844.41 in Q1 2020, indicating a growth of 15.9%[22] Cash Flow - Net cash flow from operating activities decreased by 5.11% to CNY 398,015,702.87 compared to the previous year[4] - Total cash inflow from operating activities amounted to CNY 1,865,179,718.19, up from CNY 1,632,881,475.59, reflecting a growth of 14.2%[31] - Cash outflow for purchasing goods and services increased to CNY 649,232,210.24 from CNY 469,940,954.56, representing a rise of 38.2%[31] - The net cash flow from investing activities was -CNY 1,170,774,785.85, compared to -CNY 49,489,062.28 in the previous year, indicating a significant increase in cash outflow[32] - Cash inflow from financing activities totaled CNY 1,076,535,566.31, down from CNY 2,067,300,000.00, a decline of 47.9%[32] Operational Highlights - The company signed a new service agreement for wastewater treatment in Chongqing, enhancing its operational scope[14] - The company is involved in a PPP project in Anning, with a total investment of approximately ¥709.55 million, expected to last 15 years[14] - The company has implemented new leasing standards, resulting in the recognition of lease liabilities of ¥2,026,130.73[10] Receivables and Payables - Accounts receivable decreased by 37.38% to CNY 689,109,422.22 compared to the end of the previous year[9] - Accounts payable increased to ¥2,421,665,959.07, up 57.34% from the previous year[10] - Prepayments decreased significantly by 81.80% to ¥1,008,148.95, primarily due to the recognition of rental income[10] - Employee compensation payable decreased by 32.21% to ¥185,671,408.92, reflecting payments made for the previous year's salaries[10] Investment and Expenses - Investment income increased by 44.73% to ¥39,569,534.06, driven by better performance from joint ventures[11] - Research and development expenses for Q1 2021 were ¥322,337.29, up from ¥64,853.27 in Q1 2020, reflecting a substantial increase in investment in innovation[25] - Financial expenses improved significantly, with interest expenses rising by 165.40% to ¥26,333,970.67[11]