泰山石油(000554) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥615,061,588.26, representing a 32.25% increase compared to ¥465,087,705.48 in the same period last year[8] - The net profit attributable to shareholders was ¥1,370,211.32, a significant turnaround from a loss of ¥8,127,416.05, marking a 117.85% improvement[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,422,257.91, also a 117.61% increase from a loss of ¥8,076,061.38 in the previous year[8] - The basic earnings per share increased to ¥0.0028 from a loss of ¥0.0169, reflecting a 116.86% improvement[8] - Operating revenue increased by 32% year-on-year, primarily due to increased sales compared to the same period last year during the pandemic[15] - Operating profit increased by 140% year-on-year, mainly driven by the increase in operating revenue[22] - Net profit increased by 118% year-on-year, attributed to the rise in operating revenue[26] - The company reported a gross profit margin improvement, with operating profit of CNY 3,263,349.76 compared to a loss of CNY 8,058,466.11 in the previous period[40] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,379,151,245.23, down 7.19% from ¥1,486,065,037.29 at the end of the previous year[8] - The net assets attributable to shareholders increased slightly by 0.48% to ¥918,083,321.99 from ¥913,653,286.61[8] - Non-current liabilities increased by 69% year-on-year, mainly due to new lease contracts for gas stations[14] - Other current liabilities decreased by 67% year-on-year, primarily due to a reduction in contract liabilities[12] - Total liabilities decreased to CNY 417,652,037.85 from CNY 568,136,095.35 at the end of 2020[36] Cash Flow - Cash flow from operating activities showed a net outflow of ¥49,465,551.28, a decline of 124.15% compared to a positive cash flow of ¥204,830,308.81 in the same period last year[8] - Cash flow from operating activities decreased by 124% year-on-year, mainly due to increased payments for goods[31] - The company’s cash and cash equivalents decreased to CNY 139,127,952.93 from CNY 225,878,947.72 at the end of 2020[35] - The company recorded a total cash inflow from operating activities of CNY 687.23 million, compared to CNY 572.97 million in the previous period[46] - Net cash flow from operating activities was -$76,637,603.14, down from $203,358,643.31 in the previous period[51] - The net increase in cash and cash equivalents was -$86,750,994.79, a decrease from an increase of $190,340,297.20 in the previous period[52] Inventory and Receivables - Accounts receivable increased by 3027% compared to the beginning of the period, primarily due to an increase in settlement receivables[15] - Inventory decreased by 40% compared to the beginning of the period, attributed to increased sales of finished oil products[15] - The company’s inventory decreased to CNY 105,056,583.57 from CNY 197,188,800.45 at the end of 2020[35] Financial Expenses and Income - Financial expenses increased by 53% year-on-year, primarily due to increased interest expenses on lease liabilities[17] - Investment income increased by 40% year-on-year, mainly due to an increase in recognized investment losses[19] - Other income increased by 38% year-on-year, primarily due to an increase in tax fee refunds[18] - The company incurred operating costs of CNY 547.76 million, up from CNY 417.99 million in the previous period[43] - The company reported a decrease in financial expenses to CNY 288,921.64 from CNY 512,602.37 in the previous period[43] Audit and Standards - The company did not undergo an audit for the first quarter report[54] - The company has not applied the new leasing standards for the current reporting period[53]