东方环宇(603706) - 2021 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders was CNY 52,189,873.08, representing a year-on-year increase of 13.60%[6] - Operating revenue for the period reached CNY 367,692,128.61, up 27.90% from the same period last year[6] - The net cash flow from operating activities was CNY 9,247,553.97, an increase of 180.83% compared to the previous year[6] - Operating costs increased by 40.93% to CNY 283,416,073.55 from CNY 201,108,854.96, primarily due to rising natural gas procurement and heating costs[12] - The company reported a significant increase in other income by 60.53% to CNY 830,181.54 from CNY 517,143.38, attributed to subsidies received[12] - Total revenue for Q1 2021 reached ¥367,692,128.61, an increase of 28% compared to ¥287,488,176.92 in Q1 2020[23] - Net profit for Q1 2021 was ¥58,176,760.08, compared to ¥53,917,456.92 in Q1 2020, representing an increase of 8%[24] - The total profit for Q1 2021 was CNY 25.99 million, an increase of 69.06% from CNY 15.35 million in Q1 2020[26] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,632,442,369.31, a decrease of 0.99% compared to the previous year[6] - The company's total assets as of March 31, 2021, amounted to ¥1,933,361,739.33, a slight increase from ¥1,914,216,999.54 at the end of 2020[22] - The total current liabilities decreased to CNY 398,212,236.01 from CNY 471,896,784.66, a reduction of 15.6%[19] - The company’s total liabilities decreased to CNY 879,781,873.95 from CNY 964,749,969.36, a decrease of 8.8%[19] - The company’s long-term borrowings decreased slightly to CNY 350,012,599.42 from CNY 360,431,303.84, a reduction of 3.9%[19] - The total liabilities as of January 1, 2021, were ¥1,212,221,330.91, indicating a stable position compared to the previous year[34] Cash Flow - The net cash flow from investing activities was negative at CNY -315,391,722.31, reflecting increased fixed asset investments[13] - Cash flow from operating activities generated CNY 9.25 million, compared to CNY 3.29 million in Q1 2020, marking an increase of 180.36%[28] - The net cash flow from investment activities for Q1 2021 was -¥179,759,175.93, compared to -¥161,908,826.35 in Q1 2020[30] - The company reported a decrease in investment income to CNY 83,000 in Q1 2021, down from CNY 1.23 million in Q1 2020[25] Shareholder Information - The number of shareholders at the end of the reporting period was 15,432[8] - The largest shareholder, Li Ming, holds 32.95% of the shares, totaling 62,399,588 shares[9] Financial Ratios - The weighted average return on equity decreased by 0.55 percentage points to 3.32%[6] - The company's basic earnings per share for Q1 2021 was ¥0.28, slightly down from ¥0.29 in Q1 2020[24] Strategic Initiatives - The company plans to focus on market expansion and new product development in the upcoming quarters[30] - The company is actively exploring strategic mergers and acquisitions to enhance its market position[30] Changes in Accounting Standards - The company adopted a new leasing standard effective January 1, 2021, which did not require adjustments to retained earnings for the year[36] - The company has implemented new leasing standards starting from 2021, which may impact future financial reporting[31]