神雾节能(000820) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for the first quarter of 2021 was 0.00 yuan, unchanged from the same period last year[8]. - The net profit attributable to shareholders was -28,526,099.41 yuan, a 46.83% improvement compared to -53,646,534.45 yuan in the previous year[8]. - Basic and diluted earnings per share were both -0.04 yuan, a 50.00% improvement from -0.08 yuan in the previous year[8]. - The net profit for the first quarter of 2021 was -28,526,099.41 CNY, compared to -53,646,534.45 CNY in the same period last year, indicating an improvement of approximately 47% year-over-year[63]. - The total comprehensive income for the first quarter was -28,526,099.41 CNY, which is a 47% improvement from -53,646,534.45 CNY in the previous year[64]. - Operating profit for the first quarter was -13,282,299.41 CNY, an improvement from -38,300,091.60 CNY year-over-year[63]. - The company is focusing on improving its financial performance and reducing losses in future quarters[63]. Cash Flow - The net cash flow from operating activities improved by 82.21%, reaching -76,273.30 yuan compared to -428,791.21 yuan in the same period last year[8]. - Cash flow from operating activities for the first quarter was -76,273.30 CNY, an improvement from -428,791.21 CNY in the same period last year[71]. - The net cash flow from financing activities was 664,649.42 CNY, with cash inflows totaling 964,649.42 CNY and outflows of 300,000.00 CNY[72]. - The net cash flow from operating activities was -1,238.52 CNY, with cash inflows of 2,542.89 CNY and outflows of 3,781.41 CNY[73]. - The ending balance of cash and cash equivalents was 942,511.82 CNY, down from 1,013,218.12 CNY at the beginning of the period[72]. - The company reported a significant decrease in cash received from operating activities, dropping from 336,168.02 CNY in the previous period to 2,542.89 CNY[73]. - The cash and cash equivalents decreased by 70,706.30 CNY during the period[72]. - The company did not report any cash inflows from investment activities during the period[75]. Assets and Liabilities - Total assets decreased by 5.91% to 12,628,054.66 yuan from 13,420,893.22 yuan at the end of the previous year[8]. - The company's total equity attributable to shareholders decreased to CNY -2,408,660,758.04 from CNY -2,380,134,658.63, indicating a decline of about 1.19%[56]. - Total liabilities increased to CNY 2,421,288,812.70 from CNY 2,393,555,551.85, reflecting a growth of approximately 1.17%[55]. - Current liabilities totaled CNY 2,007,283,380.68, up from CNY 1,994,793,919.83, representing an increase of approximately 0.14%[55]. - The company has a total of 11,112,345.85 in current assets as of March 31, 2021, down from 11,805,670.84 on December 31, 2020[53]. - The company's cash and cash equivalents decreased to 1,820,227.04 from 1,856,215.97[53]. - The total non-current liabilities remained unchanged at CNY 414,005,432.02, compared to CNY 398,761,632.02 previously[59]. Expenses - The company reported total operating expenses of 15,243,800.00 CNY for the first quarter, consistent with the previous year's figure of 15,352,468.35 CNY[63]. - Financial expenses for the first quarter amounted to 10,889,283.89 CNY, compared to 9,306,641.44 CNY in the previous year, reflecting an increase of approximately 17%[66]. - The company incurred sales expenses of 49,500.00 CNY in the first quarter, with management expenses totaling 117,137.79 CNY[66]. Debt and Restructuring - The company reported non-operating expenses of -15,243,800.00 yuan due to violations and litigation losses[9]. - The company’s subsidiary entered bankruptcy reorganization, leading to a significant reduction in management and sales expenses by 70.61% and 63.42% respectively[15]. - The company has committed to fulfilling its obligations regarding asset restructuring and has no significant overdue debts[19]. - The company has signed a "Debt Transfer and Compensation Agreement" with Shenwu Environmental Protection and Hengjiantong to recover losses caused by the transfer of a guarantee fund of 157.70129 million yuan[37]. - The company is currently unable to fulfill its commitments regarding the injection of assets and management due to the loss of control over Shenyuan Environmental Protection, which was transferred to Beijing Xulangde Low Carbon Technology Co., Ltd. in April 2018[37]. - The company has reported that it is facing a liquidity crisis, with all of its shares being pledged and judicially frozen, making it temporarily unable to fulfill its compensation obligations[37]. - Jiangsu Institute is currently facing liquidity issues, and the company acknowledges the inability to fulfill compensation obligations temporarily[29]. - The company is actively communicating with creditors regarding debt repayment and performance compensation plans[29]. Compliance and Governance - The company has not faced any major administrative penalties or criminal sanctions in the last five years[19]. - The company is in normal compliance with its commitments related to the acquisition of Jin Cheng shares[22]. - The company is committed to adhering to relevant laws and regulations regarding share transfers and corporate governance[22]. - The company aims to ensure compliance with legal and regulatory requirements regarding related transactions[25]. - The company is focused on maintaining fair pricing in related transactions according to market standards[25]. Commitments and Agreements - The company has implemented a long-term commitment to avoid competition with Jiangsu Institute in the copper tailings comprehensive utilization project[22]. - Jiangsu Institute's commitment to prioritize the acquisition of all shares held by the promisor and related enterprises in Jin Chuan Shenwu after the completion of the "Jin Chuan Abandoned Slag Comprehensive Utilization Project"[23]. - The commitment to avoid and reduce related transactions with Jin Cheng Co., ensuring no illegal transfer of funds or interests from Jin Cheng Co. to Shenwu Technology Group[24]. - The related sales ratio for Jiangsu Institute is committed to not exceed 30% in 2016, 25% in 2017, and 20% in 2018[26]. - The promisor will not engage in any direct or indirect competition with the target company and its subsidiaries[27]. - The promisor will supervise and restrict its production activities to prevent competition with the target company[28]. - The commitment will be effective from the date of approval by the China Securities Regulatory Commission regarding the asset replacement and share issuance[28]. - The promisor will compensate Jiangsu Institute for any losses or expenses incurred due to violations of the commitment[28]. - The commitment will remain valid as long as the promisor holds shares in the listed company[28].