湖北宜化(000422) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was CNY 3,561,855,257.48, representing a 34.17% increase compared to CNY 2,654,706,617.21 in the same period last year [9] - Net profit attributable to shareholders was CNY 212,321,226.74, a significant turnaround from a loss of CNY 189,141,626.34 in the previous year, marking a 212.26% increase [9] - The net profit after deducting non-recurring gains and losses was CNY 157,945,179.50, compared to a loss of CNY 243,705,717.91 last year, reflecting a 164.81% improvement [9] - Basic earnings per share increased to CNY 0.236 from a loss of CNY 0.211, representing a 211.85% increase [9] - The weighted average return on equity improved to 49.11% from -261.16% in the previous year, a change of 310.27% [9] - The total operating revenue for the first quarter was CNY 3,561,855,257.48, an increase of 34.1% compared to CNY 2,654,706,617.21 in the same period last year [55] - The net profit for the current period is 250,871,869.06 CNY, compared to a net loss of -216,547,510.50 CNY in the previous period, indicating a significant turnaround [61] - The operating profit for the current period is 257,940,034.20 CNY, a recovery from an operating loss of -208,568,961.97 CNY in the previous period [61] - The basic earnings per share for the current period is 0.236 CNY, compared to a loss per share of -0.211 CNY in the previous period [64] Assets and Liabilities - Total assets at the end of the reporting period were CNY 21,893,895,584.96, a slight decrease of 0.55% from CNY 22,015,668,467.05 at the end of the previous year [9] - The total liabilities amounted to CNY 20,316,423,834.30, a decrease of 1.7% from CNY 20,672,143,267.13 [46] - The total assets were reported at CNY 13,699,712,806.07, slightly down from CNY 13,746,519,724.94 [53] - The current liabilities totaled CNY 11,088,481,223.39, down from CNY 11,859,323,302.51, a decrease of 6.5% [46] - The total non-current liabilities increased to CNY 9,227,942,610.91 from CNY 8,812,819,964.62, an increase of 4.7% [46] Cash Flow - The company reported a net cash flow from operating activities of -CNY 69,053,324.90, a decline of 148.07% compared to CNY 143,658,502.85 in the same period last year [9] - Cash inflow from operating activities was ¥2,743,824,873.28, an increase from ¥2,602,230,373.04 in the previous period [72] - The net cash flow from operating activities was -¥69,053,324.90, down from ¥143,658,502.85 in the previous period [75] - Cash outflow from investing activities totaled ¥196,547,770.26, compared to ¥73,671,120.96 in the previous period [75] - Cash inflow from financing activities was ¥3,146,675,000.00, up from ¥2,127,729,620.42 in the previous period [78] - The net cash flow from financing activities was -¥259,022,544.98, an improvement from -¥726,437,824.02 in the previous period [78] - The ending balance of cash and cash equivalents was ¥2,249,171,121.90, compared to ¥1,312,664,201.24 in the previous period [78] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 40,348 [12] - Net assets attributable to shareholders increased by 65.27% to CNY 539,131,826.91 from CNY 326,207,863.93 at the end of the previous year [9] - The total equity attributable to shareholders increased to CNY 539,131,826.91 from CNY 326,207,863.93, marking a significant rise of 65.2% [46] Operational Highlights - Accounts receivable increased by 75% compared to the beginning of the period, mainly due to an increase in sales products collected via acceptance bills [21] - Operating revenue increased by 34% year-on-year, primarily due to the impact of the pandemic in the same period last year [21] - Other income increased by 98% year-on-year, mainly due to government subsidies received during the period [21] - The company’s subsidiary, Hubei Yihua New Material Technology Co., Ltd., commenced production of 20,000 tons of trimethylolpropane and its supporting facilities during the reporting period [22] - The company plans to invest in a new subsidiary for a 60,000 tons/year biodegradable material project [22] Expenses - Research and development expenses increased to 72,610,226.81 CNY from 63,154,097.77 CNY, reflecting a growth of approximately 7.5% [60] - The financial expenses decreased to 140,491,162.98 CNY from 181,395,152.58 CNY, showing a reduction of about 22.6% [60] - The total operating costs for the current period are 3,338,811,919.34 CNY, up from 2,891,108,038.17 CNY, reflecting an increase of approximately 15.4% [60] - The tax expenses for the current period are 23,481,642.11 CNY, compared to 18,269,442.17 CNY in the previous period, an increase of about 28.5% [60] Other Information - The company received government subsidies amounting to CNY 11,830,428.97 during the reporting period [9] - The company has initiated new investment strategies, including cash inflow from investment activities of ¥34,412,401.02, compared to ¥6,295,734.00 in the previous period [75] - The company is focusing on expanding its market presence and enhancing its product offerings, although specific details were not disclosed in the extracted data [81] - The first quarter report was not audited [85] - The company has implemented the new leasing standards starting from 2021, with retrospective adjustments to prior comparative data [85]