华茂股份(000850) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥783,494,061.51, representing a 42.94% increase compared to ¥548,133,300.59 in the same period last year[8] - The net profit attributable to shareholders was -¥24,626,595.24, an improvement of 85.42% from -¥168,930,934.62 year-on-year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥36,118,014.28, a significant increase of 240.88% compared to -¥25,637,448.26 in the previous year[8] - The basic earnings per share for the reporting period was -¥0.03, improving by 83.33% from -¥0.18 in the same period last year[8] - The diluted earnings per share for the reporting period was also -¥0.03, reflecting the same improvement of 83.33% from -¥0.18 year-on-year[8] - The weighted average return on equity was -0.57%, an improvement of 3.60% from -4.17% in the previous year[8] - Net profit improved by 84.67% to -¥26,726,742.58, driven by significant increases in main business profits and reduced fair value losses[16] - The total comprehensive income for the first quarter was a loss of CNY 27.79 million, compared to a loss of CNY 170.41 million in the previous year[44] Cash Flow and Liquidity - The net cash flow from operating activities was ¥16,398,392.51, up 49.43% from ¥10,973,683.11 in the same period last year[8] - Cash flow from operating activities increased by 49.43% to ¥16,398,392.51, primarily due to higher sales and cash receipts from goods sold[16] - The balance of cash and cash equivalents increased by 16.60% to ¥413,039,386.82, indicating improved liquidity[16] - The company's cash and cash equivalents decreased to approximately CNY 413 million from CNY 527 million at the end of 2020, reflecting a decline of about 21.6%[32] - The company reported a cash balance of CNY 211,366,811.62, down from CNY 237,456,852.85, suggesting a decrease in liquidity[36] - The ending balance of cash and cash equivalents was CNY 413,039,386.82, a decrease from CNY 354,248,403.91 in the previous year[52] Assets and Liabilities - The total assets at the end of the reporting period were ¥7,066,611,395.71, a decrease of 1.13% from ¥7,147,216,896.78 at the end of the previous year[8] - The net assets attributable to shareholders at the end of the reporting period were ¥4,278,112,763.42, down 0.59% from ¥4,303,617,709.08 at the end of the previous year[8] - The company's total assets amounted to approximately CNY 7.07 billion, a decrease from CNY 7.15 billion at the end of 2020[32] - Total liabilities decreased to CNY 2,705,867,368.22 from CNY 2,758,913,627.99, indicating a reduction in financial obligations[35] - The total equity attributable to shareholders decreased to CNY 4,278,112,763.42 from CNY 4,303,617,709.08, indicating a slight decline in shareholder value[35] Investment and Expenses - Research and development expenses rose by 41.07% to ¥27,498,456.42, reflecting increased investment in new product development[15] - The company reported non-recurring losses totaling -¥60,744,609.52, primarily due to fair value changes in financial assets and liabilities[9] - Investment income surged by 930.93% to ¥4,119,028.74, indicating a substantial increase in investment returns compared to the previous period[15] - The company reported no significant changes in its investment projects or major contracts during the reporting period[25][26] - The company's financial expenses decreased to CNY 10.44 million from CNY 15.41 million in the previous year, indicating improved cost management[46] Operational Metrics - Accounts receivable decreased by 62.15% to ¥77,512,518.06 due to the maturity and payment of certain notes[15] - Operating revenue increased by 42.94% to ¥783,494,061.51, attributed to new production capacity coming online and recovery from COVID-19 impacts[15] - Total operating costs amounted to CNY 740,894,460.04, up from CNY 584,090,099.84, with operating costs specifically rising to CNY 646,281,080.49 from CNY 502,166,886.98[42] - Sales revenue from goods and services received was CNY 643,347,793.09, up from CNY 313,845,193.60 in Q1 2020, reflecting a growth of approximately 105.5%[53] - The total cash outflow from operating activities was CNY 648,856,535.83, compared to CNY 295,725,110.24 in the previous year, indicating an increase of about 119%[53] Legal and Compliance - The company is currently involved in litigation regarding the review of accounting records from Xinjiang Lihua Group, with uncertain impacts on future performance[18] - The company has not undergone an audit for the Q1 2021 report[57]