ST花王(603007) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue increased by 13.37% to CNY 59,293,587.10 compared to the same period last year[7] - Net profit attributable to shareholders was CNY -16,817,679.63, a decrease of 17.61% year-on-year[7] - Basic earnings per share improved to CNY -0.05 from CNY -0.06, a change of 16.67%[7] - Total operating revenue for Q1 2021 was CNY 59,293,587.10, an increase of 13.1% compared to CNY 52,299,605.37 in Q1 2020[26] - Net loss for Q1 2021 was CNY 17,676,402.59, an improvement from a net loss of CNY 21,969,697.72 in Q1 2020[27] - Operating profit for Q1 2021 was CNY -16,131,906.70, compared to CNY -20,603,954.58 in Q1 2020, indicating a narrowing loss[27] - Basic earnings per share for Q1 2021 were CNY -0.05, compared to CNY -0.06 in Q1 2020[27] - The company’s total comprehensive income for Q1 2021 was reported at ¥-15,110,097.72, compared to ¥-16,517,298.64 in Q1 2020, indicating a slight improvement[30] Cash Flow - Net cash flow from operating activities improved significantly to CNY 68,617,540.23 from CNY -220,710,936.36 in the previous year, representing a 131.09% increase[7] - Net cash flow from operating activities increased by 131.09% year-on-year, driven by higher cash receipts from sales and reduced cash payments for goods[14] - In Q1 2021, the company reported a net cash flow from operating activities of ¥68,617,540.23, a significant improvement compared to a net outflow of ¥-220,710,936.36 in Q1 2020[32] - Total cash inflow from operating activities was ¥341,686,299.72, up from ¥240,658,361.62 in the same period last year, representing an increase of approximately 42%[32] - The company recorded a total cash outflow from operating activities of ¥273,068,759.49, down from ¥461,369,297.98 in Q1 2020, indicating a reduction of about 41%[32] - The net cash flow from investing activities was ¥-644,068.32, an improvement from ¥-23,717,086.93 in Q1 2020[32] - Cash flow from financing activities resulted in a net outflow of ¥-153,610,991.23, compared to a net inflow of ¥164,420,725.18 in the previous year[33] - The company's total cash and cash equivalents at the end of Q1 2021 stood at ¥86,281,822.23, down from ¥183,993,236.69 at the end of Q1 2020[33] Assets and Liabilities - Total assets decreased by 7.13% to CNY 3,483,670,593.65 compared to the end of the previous year[7] - Total assets decreased from CNY 3,750,959,774.84 to CNY 3,483,670,593.65, reflecting a decline in both current and non-current assets[19] - As of March 31, 2021, the total assets of the company amounted to RMB 3,065,792,668.39, a decrease from RMB 3,278,903,271.27 as of December 31, 2020, representing a decline of approximately 6.5%[22] - The company's current assets totaled RMB 1,788,460,675.15, down from RMB 1,805,374,267.58, indicating a decrease of about 0.5%[22] - The company's non-current assets totaled RMB 1,277,331,993.24, down from RMB 1,473,529,003.69, indicating a decrease of approximately 13.3%[22] - The total liabilities as of Q1 2021 were CNY 1,899,134,997.19, a decrease from CNY 2,096,618,524.10 in Q1 2020[26] - The total number of shareholders reached 19,910, with the largest shareholder holding 39.81% of the shares[10] - Major shareholders' shares are currently under pledge and freeze, indicating potential liquidity concerns[10] Expenses - Operating costs increased by 39.38% year-on-year, mainly due to increased maintenance costs for completed projects[14] - Research and development expenses grew by 62.25% year-on-year, attributed to a slowdown in R&D progress last year due to the pandemic[14] - Research and development expenses increased to CNY 6,087,204.97 in Q1 2021, up 62.3% from CNY 3,751,749.58 in Q1 2020[26] - The company received government subsidies totaling CNY 2,659,644.57, including CNY 2,470,000 for R&D[7] - Other income surged by 2209.99% year-on-year, primarily due to obtaining R&D expense subsidies from 2019[14] Receivables and Prepayments - Cash and cash equivalents decreased by 41.43% compared to the end of the previous year, primarily due to payments to suppliers and bank loan repayments[14] - Prepayments increased by 79.00% compared to the end of the previous year, mainly due to an increase in advance project payments[14] - Long-term receivables decreased by 48.54% compared to the end of the previous year, mainly due to the collection of certain long-term receivables[14] - The company reported an increase in other receivables to RMB 234,619,950.97 from RMB 177,450,881.71, representing an increase of approximately 32.3%[22]