醋化股份(603968) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue rose by 26.97% to CNY 640,310,110.93 year-on-year[5] - Net profit attributable to shareholders decreased by 26.16% to CNY 44,426,104.62 compared to the same period last year[5] - The weighted average return on equity decreased by 1.19 percentage points to 2.57%[5] - Total operating revenue for Q1 2021 was CNY 640,310,110.93, an increase of 27% compared to CNY 504,295,509.92 in Q1 2020[21] - Net profit for Q1 2021 was CNY 44,426,104.62, a decrease of 26.2% from CNY 60,164,772.77 in Q1 2020[22] - Basic earnings per share for Q1 2021 were CNY 0.22, down from CNY 0.29 in Q1 2020[22] - The company reported a total comprehensive income of CNY 54,361,795.10 for Q1 2021, compared to CNY 50,852,322.47 in Q1 2020, reflecting an increase of 9.9%[22] Cash Flow - Cash flow from operating activities showed a significant decline of 149.90%, resulting in a net outflow of CNY 34,075,645.75[5] - The net cash flow from operating activities decreased by 149.90% to -34,075,645.75 RMB compared to the previous period due to an increase in accounts receivable and prepayments[11] - The net cash flow from investing activities decreased by 222.85% to -212,888,512.76 RMB, attributed to an increase in cash management investments and fixed asset acquisitions[11] - The net cash flow from financing activities decreased by 61.88% to 42,981,068.49 RMB, primarily due to a reduction in net bank borrowings compared to the previous year[11] - Cash flow from operating activities for Q1 2021 was negative at -¥34.08 million, compared to positive cash flow of ¥68.28 million in Q1 2020[26] - Investment activities resulted in a net cash outflow of -¥212.89 million in Q1 2021, compared to a net inflow of ¥173.29 million in Q1 2020[27] - Cash flow from financing activities resulted in a net inflow of $43.04 million, down from $53.08 million year-over-year[29] Assets and Liabilities - Total assets increased by 5.37% to CNY 2,522,971,652.76 compared to the end of the previous year[5] - Total current assets as of March 31, 2021, amounted to 1,746,342,776.24 RMB, an increase from 1,671,259,843.00 RMB at the end of 2020[14] - The total assets as of March 31, 2021, were 2,522,971,652.76 RMB, compared to 2,394,434,224.25 RMB at the end of 2020[16] - The total liabilities increased to 764,597,026.33 RMB from 690,860,743.55 RMB, indicating a rise in financial obligations[16] - Total liabilities increased to CNY 633,457,346.47 in Q1 2021, up from CNY 600,911,666.13 in Q1 2020, marking a rise of 5.4%[19] - The company's total equity reached CNY 1,654,277,116.27 in Q1 2021, compared to CNY 1,612,131,095.26 in Q1 2020, indicating an increase of 2.6%[19] Investment and Research - Research and development expenses increased by 47.65% to CNY 5,300,069.04, indicating a higher investment in innovation[10] - Research and development expenses increased to CNY 5,300,069.04 in Q1 2021, compared to CNY 3,589,617.00 in Q1 2020, reflecting a growth of 47.6%[21] - Financial derivatives business generated an investment income of CNY 13,388,388.61, up 488.08% year-on-year[10] Shareholder Information - The number of shareholders reached 15,709, reflecting a stable investor base[9] - The total equity attributable to shareholders increased to 1,758,374,626.43 RMB from 1,703,573,480.70 RMB, reflecting retained earnings growth[16] Cash and Cash Equivalents - The company's cash and cash equivalents decreased to 693,280,351.62 RMB from 896,394,201.87 RMB, showing a decline in liquidity[14] - Cash and cash equivalents at the end of Q1 2021 were ¥693.28 million, down from ¥879.48 million at the end of Q1 2020[27] - The total cash and cash equivalents at the end of the period decreased to $587.53 million from $758.72 million in the previous year[29] - The beginning cash and cash equivalents balance was $721.44 million, indicating a strong starting position despite the net decrease[29] Foreign Exchange Impact - The company reported a significant reduction in foreign exchange impact on cash and cash equivalents, decreasing by 87.75% to 869,239.77 RMB compared to the previous period[11] - The company experienced a foreign exchange impact on cash and cash equivalents of $796,716.62, compared to $5.46 million in the previous year[29]