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常青股份(603768) - 2021 Q1 - 季度财报
ChangqingChangqing(SH:603768)2021-04-28 16:00

Financial Performance - Operating revenue surged by 82.82% to CNY 779,570,438.87 year-on-year[5] - Net profit attributable to shareholders reached CNY 34,570,661.29, a significant increase of 2,017.60% compared to the same period last year[5] - Basic earnings per share rose to CNY 0.17, an increase of 1,800.00% compared to the previous year[5] - Total revenue for Q1 2021 reached ¥779,570,438.87, a significant increase of 83.0% compared to ¥426,415,927.47 in Q1 2020[21] - Operating profit for Q1 2021 was ¥42,914,681.99, compared to ¥2,052,584.31 in Q1 2020, indicating a substantial improvement[22] - Net profit for Q1 2021 was ¥34,570,661.29, a turnaround from a net loss of ¥1,802,804.60 in Q1 2020[22] - The company reported a total comprehensive income of ¥18,799,017.26 for Q1 2021, compared to -¥729,647.40 in Q1 2020, reflecting overall financial recovery[26] Assets and Liabilities - Total assets increased by 5.40% to CNY 3,820,728,595.96 compared to the end of the previous year[5] - The company's total equity reached ¥1,798,943,143.03, up from ¥1,764,372,481.74, indicating a growth in retained earnings[17] - Total liabilities increased to ¥2,021,785,452.93 from ¥1,860,554,557.60, reflecting a rise in short-term borrowings and other liabilities[16] - Current assets increased to ¥2,034,127,292.29 from ¥1,922,051,924.13, reflecting a growth of 5.8%[19] - Total liabilities rose to ¥1,406,106,864.01, compared to ¥1,259,440,309.99 at the end of 2020, marking an increase of 11.6%[20] Cash Flow - Cash flow from operating activities improved by 9.39% to a net outflow of CNY 126,157,746.05[5] - The net cash flow from investment activities decreased by 124.42% to -¥76,209,780.73, mainly due to the company not using raised funds for financial products and increased cash payments for fixed asset purchases[11] - The net cash flow from financing activities decreased by 32.94% to ¥13,324,564.38, primarily due to increased cash payments for debt repayment compared to the previous year[11] - The net cash flow from operating activities was -¥126,157,746.05 in Q1 2021, an improvement from -¥139,224,239.83 in Q1 2020[28] - The company reported a total cash outflow of $250,564,993.88 for the quarter, contrasting with a cash inflow of $221,281,868.36 in the previous year[32] Shareholder Information - The number of shareholders reached 8,987, with the top ten shareholders holding a significant portion of shares[9] Inventory and Receivables - Accounts receivable increased by 62.40% to CNY 565,925,548.15, attributed to higher sales revenue[10] - The company's prepaid accounts increased by 34.72% from the beginning of the period, reaching ¥223,625,427.91, primarily due to increased sales and higher steel orders[11] - Other receivables rose by 56.96% to ¥3,773,314.34, mainly due to deposits and guarantees paid by the company[11] - Inventory increased by 35.67% to ¥516,227,370.92, attributed to higher sales revenue and increased stockpiling[11] Research and Development - Research and development expenses for Q1 2021 were ¥21,001,402.73, up from ¥13,800,313.34 in Q1 2020, representing a growth of 52.1%[21] - Research and development expenses increased to ¥12,696,597.09 in Q1 2021, up from ¥9,921,004.77 in Q1 2020, reflecting a focus on innovation[25] Financial Management - The company incurred financial expenses of ¥4,913,643.34 in Q1 2021, a decrease from ¥6,383,438.95 in Q1 2020, indicating improved cost management[25] Taxation - The company reported a significant increase in tax payable, which rose by 68.22% to ¥44,752,350.71, due to increased sales revenue and unpaid income tax expenses[11] Other Financial Metrics - The weighted average return on equity improved by 2.05 percentage points to 1.94%[5] - The gross profit margin for Q1 2021 was approximately 20.5%, compared to 19.7% in Q1 2020, showing slight improvement in profitability[25] Accounting Standards - The company did not apply the new lease accounting standards for the current year[33] - There were no adjustments made to prior period comparative data due to the new lease accounting standards[33] - The audit report was not applicable for this quarter[33]