WEIMING(SH:603568)2021-04-20 16:00Financial Performance - Net profit attributable to shareholders rose by 87.27% to CNY 367,694,200.16 year-on-year[4] - Operating revenue surged by 72.16% to CNY 750,506,331.81 compared to the same period last year[4] - Basic earnings per share increased by 81.25% to CNY 0.29 compared to the same period last year[4] - The weighted average return on net assets improved by 1.98 percentage points to 6.48%[4] - The company reported a significant increase in R&D expenses, which rose by 192.77% to 10,953,780.50 CNY from 3,741,419.78 CNY[11] - Total operating revenue for Q1 2021 reached ¥750,506,331.81, a significant increase of 72.2% compared to ¥435,944,457.12 in Q1 2020[24] - Net profit for Q1 2021 was ¥367,984,200.85, representing an increase of 87.5% from ¥196,304,354.95 in Q1 2020[26] - Total comprehensive income for Q1 2021 was CNY 248,454,359.60, significantly higher than CNY 91,709,057.81 in Q1 2020[28] Cash Flow - Net cash flow from operating activities increased by 108.43% to CNY 172,465,145.07 year-on-year[4] - The net cash flow from operating activities for Q1 2021 was ¥22,788,330.11, a significant improvement from a negative cash flow of ¥311,329.83 in Q1 2020, representing a turnaround of over 7,300%[31] - Cash flow from operating activities for Q1 2021 was CNY 172,465,145.07, up from CNY 82,745,097.78 in Q1 2020, indicating a growth of 108.4%[30] - The net cash flow from financing activities increased by 30.65% to 137,242,252.16 CNY, primarily due to increased project loans[12] - Cash flow from financing activities generated a net inflow of CNY 137,242,252.16 in Q1 2021, compared to CNY 105,048,757.66 in Q1 2020, reflecting an increase of 30.7%[30] Assets and Liabilities - Total assets increased by 5.30% to CNY 11,028,660,674.45 compared to the end of the previous year[4] - Total liabilities rose to ¥5,261,108,205.07, up from ¥4,924,529,413.23, reflecting an increase of around 6.8%[19] - Owner's equity increased to ¥5,767,552,469.38 from ¥5,548,702,502.07, showing a growth of about 3.9%[19] - Current liabilities decreased to ¥1,476,916,876.20 from ¥1,538,811,764.64, a decline of approximately 4.0%[19] - Long-term borrowings increased to ¥1,414,569,903.76 from ¥1,093,924,818.93, an increase of about 29.4%[19] Shareholder Information - The total number of shareholders at the end of the reporting period was 36,996[6] - The largest shareholder, Weiming Group Co., Ltd., holds 42.63% of the shares[6] Investments and R&D - The company plans to invest up to 100 million CNY in the expansion of the Yongkang waste incineration power plant, with a total project investment of approximately 190 million CNY[14] - Research and development expenses for Q1 2021 were ¥10,953,780.50, significantly higher than ¥3,741,419.78 in Q1 2020, indicating a focus on innovation[25] Inventory and Receivables - Accounts receivable increased by 38.73% to 778,182,565.67 CNY from 560,942,157.10 CNY due to the inclusion of renewable energy power generation subsidy projects[9] - The total inventory increased by 35.78% to 215,874,833.60 CNY from 158,989,554.63 CNY, mainly due to increased contract performance costs[9] Financial Position - The company’s total liabilities included short-term borrowings of ¥150,184,427.11 and accounts payable of ¥985,097,584.32 as of the reporting date[34] - The company’s total liabilities and equity combined reached approximately ¥10.47 billion, indicating a robust financial position[35]