Sanfeng Environment(SH:601827)2021-04-29 16:00Financial Performance - Net profit attributable to shareholders increased by 345.39% to CNY 537,379,931.95 compared to the same period last year[18]. - Operating revenue rose by 69.59% to CNY 1,597,860,369.32 compared to the same period last year[18]. - Net cash flow from operating activities surged by 544.72% to CNY 300,537,889.44 compared to the same period last year[18]. - Basic earnings per share increased by 255.56% to CNY 0.32 compared to the same period last year[20]. - The weighted average return on net assets increased by 4.06 percentage points to 6.68%[20]. - The company reported a net profit of ¥624,732,357.11 for Q1 2021, a significant increase of 292.64% from ¥159,112,458.35 in Q1 2020[31]. - The net profit for Q1 2021 reached CNY 571,447,791.77, up from CNY 132,690,186.25 in Q1 2020, marking a growth of approximately 331.5%[57]. - The company reported a significant increase in investment income, reaching CNY 19,998,812.24 compared to a loss of CNY 1,343,113.31 in the previous year[57]. Assets and Liabilities - Total assets increased by 5.77% to CNY 19,926,416,031.07 compared to the end of the previous year[18]. - The total liabilities amounted to RMB 11,151,627,965.51, compared to RMB 10,656,783,290.46, marking an increase of approximately 4.64%[46]. - The total equity attributable to shareholders was RMB 8,315,922,247.36, up from RMB 7,763,542,315.41, which is an increase of about 7.10%[46]. - The total non-current assets reached RMB 14,700,887,968.41, up from RMB 13,884,281,635.79, indicating an increase of about 5.88%[43]. - The total current assets amounted to RMB 5,225,528,062.66, an increase from RMB 4,954,843,707.45 as of December 31, 2020, representing a growth of approximately 5.45%[43]. - The total assets as of March 31, 2021, were RMB 19,926,416,031.07, compared to RMB 18,839,125,343.24, representing an increase of about 5.77%[48]. - The total liabilities were CNY 2,540,712,621.63, down from CNY 2,647,663,956.16, indicating a reduction of approximately 4.0%[51]. - The company’s total liabilities were $10,256,054,121.52, indicating a significant leverage position[79]. Shareholder Information - The total number of shareholders reached 74,512 at the end of the reporting period[22]. - The largest shareholder, Chongqing Derun Environment Co., Ltd., holds 43.86% of the shares[22]. Cash Flow - Cash received from operating activities was ¥1,381,592,627.22, a 49.86% increase from ¥921,936,604.02 in Q1 2020[35]. - Cash flow from operating activities generated ¥300,537,889.44, a substantial increase from ¥46,615,529.29 in the previous year[69]. - Cash inflow from financing activities was $432,956,523.04, with cash outflow of $539,516,249.10, leading to a net cash flow of -$106,559,726.06[73]. - The net increase in cash and cash equivalents was -$290,351,063.95, compared to an increase of $52,545,149.34 in the previous period[73]. Research and Development - Research and development expenses rose to ¥6,992,971.14, marking a 40.04% increase from ¥4,993,655.10 in the previous year[31]. - Research and development expenses for Q1 2021 amounted to CNY 6,992,971.14, which is an increase from CNY 4,993,655.10 in Q1 2020, representing a growth of about 40.0%[53]. Other Financial Metrics - The company received government subsidies amounting to CNY 2,245,037.58 during the reporting period[20]. - The company has not disclosed any new product or technology developments in this report[25]. - The company’s cash and cash equivalents decreased to RMB 1,914,306,680.94 from RMB 2,426,865,094.51, a decline of about 21.05%[43]. - The company holds CNY 1,167,790,501.93 in other payables, which is a significant component of current liabilities[86]. - The retained earnings stood at CNY 924,119,981.63, showcasing the company's ability to generate profits[86].