怡球资源(601388) - 2021 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders increased by 314.51% to CNY 202,616,932.41 compared to the same period last year[5] - Operating revenue rose by 54.90% to CNY 1,995,785,766.65 year-on-year[5] - Basic earnings per share increased by 281.74% to CNY 0.092 per share[5] - The company reported a gross profit margin of approximately 13.5% for Q1 2021, compared to 10.5% in Q1 2020[20] - The company achieved a profit before tax of ¥261,514,860.41 in Q1 2021, compared to ¥58,321,388.72 in Q1 2020, marking an increase of 348.5%[21] - The total profit for Q1 2021 was CNY 22,775,743.56, compared to a total loss of CNY 13,101,464.60 in Q1 2020[23] Assets and Liabilities - Total assets increased by 6.73% to CNY 5,498,369,791.43 compared to the end of the previous year[5] - Total liabilities increased to CNY 2,036,400,011.02 from CNY 1,865,280,270.68 year-over-year[13] - Cash and cash equivalents rose to CNY 809,740,447.18 from CNY 677,431,922.17 at the end of 2020[11] - The total assets as of Q1 2021 amounted to ¥3,545,132,750.99, slightly up from ¥3,534,064,828.64 at the end of Q1 2020[16] - Total liabilities for Q1 2021 were ¥868,668,869.38, a decrease from ¥877,450,439.34 in Q1 2020[16] - The total equity increased to ¥2,676,463,881.61 in Q1 2021 from ¥2,656,614,389.30 in Q1 2020, showing a growth of 0.7%[16] Cash Flow - The net cash flow from operating activities decreased by 122.91% to -CNY 29,424,920.68 compared to the same period last year[5] - Net cash flow from operating activities decreased by 122.91% to CNY -29,424,920.68, primarily due to increased raw material procurement costs[10] - Net cash flow from financing activities was CNY 90,782,005.85, a significant improvement from CNY -65,016,268.45 in the previous year[10] - The company reported a net cash outflow from operating activities of CNY -29,424,920.68 in Q1 2021, a decrease from a net inflow of CNY 128,422,054.07 in Q1 2020[25] - The company generated CNY 1,812,022,381.46 in cash from sales of goods and services in Q1 2021, compared to CNY 1,083,486,755.10 in Q1 2020[24] Expenses - Cost of goods sold rose by 53.60% to CNY 1,595,299,940.83, driven by increased sales volume[10] - Financial expenses decreased by 76.11% to CNY 8,295,766.56, attributed to reduced interest expenses and currency fluctuations[10] - Income tax expenses surged by 523.90% to CNY 58,897,921.19, reflecting increased profits[10] - The company incurred research and development expenses of CNY 660,383.29 in Q1 2021, an increase from CNY 530,017.57 in Q1 2020[22] Other Financial Metrics - The weighted average return on equity increased by 4.21 percentage points to 5.98%[5] - Other income increased by 181.15% to CNY 2,184,586.20, mainly due to government subsidies received[10] - The company reported a significant reduction in financial expenses, totaling CNY 1,312,424.86 in Q1 2021, down from CNY 15,361,099.53 in Q1 2020[22] Investment Activities - Investment activities generated a net cash inflow of CNY 72,813,456.94 in Q1 2021, down from CNY 89,426,906.59 in Q1 2020[26] - The net cash flow from investment activities was $110,591,820.57, an increase of 40.8% compared to $78,507,721.00 in the previous year[29] - Total cash inflow from investment activities amounted to $480,227,502.57, up from $376,509,399.00, reflecting a growth of 27.5%[29] - Cash outflow for investment activities was $369,635,682.00, compared to $298,001,678.00, representing a 24.0% increase[29] Cash and Cash Equivalents - Cash inflow from financing activities totaled $19,269,718.87, significantly down from $104,090,014.35, indicating an 81.5% decline[29] - The ending balance of cash and cash equivalents was $530,428,419.00, down from $605,107,288.95, reflecting a decrease of 12.4%[29] - The beginning balance of cash and cash equivalents was $357,728,236.39, compared to $452,324,659.45, indicating a decline of 21.0%[29] Other Information - The company did not apply the new leasing standards for the first time in 2021[29]