Shuifa Energas(SH:603318)2021-04-29 16:00Financial Performance - Operating revenue increased by 177.60% to CNY 383,249,647.12 compared to the same period last year[6] - Net profit attributable to shareholders was CNY 10,004,737.86, reversing from a loss of CNY 9,636,464.69 in the same period last year[6] - Basic and diluted earnings per share were both CNY 0.02, compared to a loss of CNY 0.02 per share in the previous year[6] - Total operating revenue for Q1 2021 reached ¥383,249,647.12, a significant increase of 177.7% compared to ¥138,056,130.12 in Q1 2020[29] - Net profit for Q1 2021 was ¥21,061,533.39, compared to a net loss of ¥9,636,464.69 in Q1 2020, marking a turnaround[30] - The total comprehensive income for Q1 2021 was ¥21,067,836.24, compared to a loss of ¥9,647,536.03 in Q1 2020[31] Cash Flow and Liquidity - Net cash flow from operating activities surged to CNY 80,112,170.81, a significant increase from CNY 413,259.41 in the previous year[6] - The company reported a significant increase in cash flow from operations, contributing to improved liquidity and financial stability[30] - Cash flow from operating activities generated a net inflow of CNY 80,112,170.81, a substantial increase from CNY 413,259.41 in Q1 2020[38] - Total cash inflow from operating activities was CNY 469,709,189.16, compared to CNY 121,284,379.5 in the previous year, reflecting a growth of approximately 287%[38] - Cash outflow from operating activities totaled CNY 389,597,018.35, up from CNY 120,871,120.1 in Q1 2020[38] - The company experienced a net cash outflow of CNY 169,441,205.96 in Q1 2021, compared to a smaller outflow of CNY 7,396,088.42 in Q1 2020[39] Assets and Liabilities - Total assets decreased by 5.84% to CNY 2,856,155,932.48 compared to the end of the previous year[6] - Current assets totaled ¥892,212,244.50, down from ¥1,053,466,728.07, indicating a decrease of about 15.29%[22] - Total liabilities decreased to ¥1,399,414,795.63 from ¥1,598,927,514.86, a reduction of about 12.47%[23] - The company reported a total liability of ¥1,195,038,724.99 as of Q1 2021, a decrease from ¥1,321,028,359.85 in the previous year[30] Shareholder Information - The total number of shareholders at the end of the reporting period was 22,964[12] - The largest shareholder, Shui Fa Zhong Xing Group Co., Ltd., held 30.08% of the shares, with 120,950,353 shares[13] Research and Development - Research and development expenses skyrocketed by 848.05% to ¥1,494,958.28, as the previous year was impacted by the pandemic[15] - Research and development expenses increased to ¥1,494,958.28 in Q1 2021, compared to ¥157,687.04 in Q1 2020, reflecting a focus on innovation[30] Acquisitions and Investments - The company is actively pursuing acquisitions, with a recent agreement to extend payment deadlines for the acquisition of 100% equity in two companies[19] - The company completed the repurchase and cancellation of 24,151,122 shares at a price of ¥7.32 per share, reducing total share capital[16] Financial Obligations - Short-term borrowings increased by 114.73% to ¥232,123,674.17, primarily due to new bank loans[15] - The company raised CNY 382,200,000.00 through borrowings in Q1 2021, significantly higher than CNY 115,000,000.00 in Q1 2020[39] - The company incurred financial expenses of ¥12,457,560.98 in Q1 2021, up from ¥7,797,566.11 in Q1 2020, indicating higher interest costs[30] Inventory and Equity - Inventory levels were reported at ¥173,767,823.67, up from ¥162,387,297.95, reflecting an increase of about 7.99%[22] - The total owner's equity increased slightly to ¥1,456,741,136.85 from ¥1,434,457,543.74, an increase of about 1.79%[23]