京源环保(688096) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue for the current period was CNY 33.97 million, representing a year-on-year increase of 7.84%[5] - Net profit attributable to shareholders of the listed company reached CNY 4.54 million, an increase of 26.44% compared to the same period last year[5] - Total revenue for Q1 2021 was CNY 33,965,729.01, an increase of 7.85% compared to CNY 31,495,252.42 in Q1 2020[22] - Operating profit for Q1 2021 was CNY 7,088,178.15, representing a 76.77% increase from CNY 4,006,404.54 in Q1 2020[22] - Net profit for Q1 2021 reached CNY 5,759,792.21, a 45.24% increase compared to CNY 3,968,417.41 in Q1 2020[22] - The total profit for Q1 2021 was CNY 7,102,196.83, an increase of 52.66% from CNY 4,650,552.34 in Q1 2020[22] - The company’s total comprehensive income for Q1 2021 was CNY 5,759,792.21, compared to CNY 3,968,417.41 in Q1 2020[23] Research and Development - Research and development expenses accounted for 8.21% of operating revenue, an increase of 1.45 percentage points year-on-year[5] - Research and development expenses increased by 30.91% to ¥2,788,104.84 from ¥2,129,707.93, mainly due to an increase in R&D personnel[13] - Research and development expenses were CNY 2,788,104.84, up from CNY 2,129,707.93 in Q1 2020, indicating a focus on innovation[22] Cash Flow - The net cash flow from operating activities was negative at CNY -44.08 million, compared to CNY -39.15 million in the same period last year[5] - Net cash flow from operating activities in Q1 2021 was -¥44,081,253.25, compared to -¥39,151,076.71 in Q1 2020, indicating a worsening cash flow situation[28] - Total cash inflow from investment activities in Q1 2021 was ¥58,621,588.25, up from ¥90,000.00 in Q1 2020, while cash outflow for investment activities increased to ¥42,154,166.87 from ¥2,163,930.22[28] - Net cash flow from financing activities in Q1 2021 was ¥22,404,485.11, compared to ¥11,636,445.76 in Q1 2020, showing an improvement in financing cash flow[28] - The net increase in cash and cash equivalents for Q1 2021 was -¥5,209,346.76, compared to -¥29,588,561.17 in Q1 2020, indicating a reduced cash burn rate[28] Assets and Liabilities - Total assets at the end of the reporting period were approximately CNY 985.49 million, a decrease of 0.61% compared to the end of the previous year[5] - The company's total liabilities decreased significantly, with current liabilities dropping by 100% in the category of non-current liabilities due within one year, reflecting the repayment of bonds[12] - Current liabilities decreased from ¥254,333,228.68 to ¥216,295,868.72, a reduction of about 15%[16] - Non-current liabilities decreased from ¥259,547,339.99 to ¥248,921,070.57, a decrease of approximately 4.8%[17] - Total liabilities decreased from ¥259,233,163.10 to ¥246,889,007.15, a reduction of about 4.7%[20] - Total equity increased from ¥732,034,862.51 to ¥736,570,435.83, an increase of about 0.5%[17] Shareholder Information - The total number of shareholders at the end of the reporting period was 4,825[10] - The largest shareholder, Li Wulin, held 14.85% of the shares, amounting to 15,930,000 shares[10] Market and Product Development - The company has not disclosed any new product developments or market expansion strategies in this report[5] - The company’s management indicated a commitment to market expansion and new product development in future strategies[22] Other Financial Metrics - The weighted average return on net assets decreased by 0.29 percentage points to 0.80%[5] - The company reported non-operating income totaling CNY 1.30 million, including gains from the disposal of non-current assets[8] - The company reported a credit impairment loss of CNY 6,170,179.72, significantly higher than CNY 378,746.55 in Q1 2020, reflecting increased risk provisions[22] - Basic and diluted earnings per share remained stable at CNY 0.05 for both Q1 2021 and Q1 2020[23]