荣晟环保(603165) - 2021 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders increased by 39.05% to CNY 72,326,763.38 year-on-year[5] - Operating revenue rose by 35.12% to CNY 470,239,862.36 compared to the same period last year[5] - The company reported a net profit excluding non-recurring items of CNY 69,038,309.88, up 40.34% year-on-year[5] - Net profit attributable to shareholders for Q1 2021 was ¥61,969,282.90, compared to ¥32,054,924.23 in Q1 2020, reflecting a growth of 93.2%[22] - The net profit for Q1 2021 reached CNY 72,326,763.38, up 39.1% from CNY 52,014,357.59 in Q1 2020[25] - The total profit for Q1 2021 was CNY 78,991,946.31, an increase of 37.9% from CNY 57,266,313.83 in Q1 2020[25] Revenue and Costs - Revenue for Q1 2021 reached ¥470,239,862.36, a 35.12% increase compared to ¥348,024,877.82 in Q1 2020, driven by increased product sales and price hikes[12] - Total operating revenue for Q1 2021 reached ¥470,239,862.36, a 35.1% increase from ¥348,024,877.82 in Q1 2020[22] - Total operating costs for Q1 2021 were ¥409,270,579.46, up 29.5% from ¥315,969,953.59 in Q1 2020[22] - Gross profit margin improved to 17.4% in Q1 2021 compared to 14.9% in Q1 2020[25] Cash Flow - Net cash flow from operating activities improved significantly, reaching CNY 11,623,105.78, a 164.31% increase from the previous year[5] - The net cash flow from operating activities for Q1 2021 was ¥11,623,105.78, a significant improvement compared to a net outflow of ¥-18,074,538.72 in Q1 2020[29] - Total cash inflow from operating activities reached ¥482,048,088.4, while cash outflow was ¥470,424,982.62, resulting in a net cash flow of ¥11,623,105.78[29] - Cash inflow from sales of goods and services was ¥452,383,747.47, up from ¥272,849,991.45 in the same quarter last year, indicating a growth of approximately 65.7%[32] Assets and Liabilities - Total assets increased by 1.19% to CNY 2,154,086,394.54 compared to the end of the previous year[5] - Total assets as of March 31, 2021, amounted to ¥2,154,086,394.54, up from ¥2,128,668,471.98 as of December 31, 2020[16] - The company’s liabilities decreased, with accounts payable dropping to ¥125,554,494.73 from ¥159,305,644.02, indicating better cash management[16] - Total liabilities decreased to ¥435,674,785.22 from ¥471,049,525.45 at the end of 2020, a reduction of 7.5%[20] Shareholder Information - The number of shareholders reached 11,815 by the end of the reporting period[10] - The largest shareholder, Feng Ronghua, holds 41.12% of the shares, with 104,428,865 shares pledged[10] Research and Development - R&D expenses increased by 34.12% to ¥16,502,824.46 from ¥12,304,113.10 in Q1 2020, indicating a focus on innovation and product development[12] - Research and development expenses for Q1 2021 were ¥16,502,824.46, an increase from ¥12,304,113.10 in Q1 2020, reflecting a focus on innovation[22] - Research and development expenses increased to CNY 14,623,650.70, a rise of 19% from CNY 12,304,113.10 in the previous year[25] Investment Income - The company reported a significant increase in investment income, which rose by 256.00% to ¥11,158,808.22 from ¥3,134,503.75 in Q1 2020, reflecting better performance from joint ventures[12] - The company reported an investment income of ¥11,158,808.22 for Q1 2021, significantly higher than ¥3,134,503.75 in Q1 2020[22] Future Outlook - The company plans to continue focusing on market expansion and product innovation to sustain growth momentum in the upcoming quarters[13] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[22]