银星能源(000862) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥331,111,044.78, representing a 29.24% increase compared to ¥256,206,230.90 in the same period last year[9] - Net profit attributable to shareholders was ¥75,314,553.71, a significant increase of 1,316.11% from ¥5,318,408.90 year-on-year[9] - The net profit after deducting non-recurring gains and losses reached ¥76,382,139.55, up 1,399.84% from ¥5,092,697.98 in the previous year[9] - Basic earnings per share were ¥0.1067, a 1,322.67% increase from ¥0.0075 in the same period last year[9] - Operating profit surged by 826.62% to 82,136,767.97 from 8,864,107.54, driven by increased utilization hours in renewable energy generation[21] - Net profit skyrocketed by 1217.96% to 76,904,129.24 from 5,835,080.27, reflecting the same reasons as operating profit[21] - Total operating revenue for the current period reached ¥331,111,044.78, an increase of 29.3% compared to ¥256,206,230.90 in the previous period[45] - Net profit for the current period was ¥76,904,129.24, a substantial rise from ¥5,835,080.27, representing an increase of 1,116.5%[46] - Basic and diluted earnings per share improved to ¥0.1067 from ¥0.0075, indicating a growth of 1,322.7%[47] Cash Flow and Liquidity - The net cash flow from operating activities was ¥79,216,754.66, showing a 120.11% increase compared to ¥35,988,850.51 in the same period last year[9] - Cash received from sales increased by 31.59% to 160,680,131.70 from 122,105,419.69, due to higher sales collections[22] - Operating cash inflow rose by 36.72% to 175,688,211.34 from 128,502,963.89, driven by increased cash receipts from sales and tax refunds[22] - Cash and cash equivalents decreased by 33.48% to ¥122,419,971.88 due to unsettled renewable energy subsidy payments[17] - As of March 31, 2021, the company's cash and cash equivalents decreased to ¥122,419,971.88 from ¥184,030,824.64 as of December 31, 2020, representing a decline of approximately 33.5%[37] - The cash and cash equivalents at the end of the period stood at CNY 122,419,971.88, up from CNY 69,984,706.30 year-on-year, reflecting an increase of 75%[55] - The company’s cash and cash equivalents decreased by CNY 61,610,852.76 during the quarter, compared to a decrease of CNY 176,434,642.87 in the same period last year, indicating a significant reduction in cash outflow[55] Assets and Liabilities - Total assets at the end of the reporting period were ¥8,920,761,995.97, a slight decrease of 0.15% from ¥8,933,984,596.11 at the end of the previous year[9] - The net assets attributable to shareholders increased by 2.84% to ¥2,731,214,195.32 from ¥2,655,899,641.61 at the end of the previous year[9] - Current liabilities totaled CNY 2,298,316,150.25, down from CNY 2,326,499,203.63, indicating a reduction of approximately 1.5%[39] - Non-current liabilities decreased to CNY 3,859,980,359.04 from CNY 3,921,924,035.04, reflecting a decline of about 1.6%[39] - The company's total liabilities were CNY 6,158,296,509.29, down from CNY 6,248,423,238.67, representing a decrease of approximately 1.4%[39] - The equity attributable to shareholders of the parent company increased to CNY 2,731,214,195.32 from CNY 2,655,899,641.61, showing an increase of about 2.8%[40] Expenses and Income - Total operating costs amounted to ¥263,510,459.82, up from ¥250,735,573.96, reflecting a growth of 5.5%[46] - Other income increased by 42.58% to 14,704,996.48 from 10,313,434.15, mainly due to an increase in VAT refunds recognized this period[20] - Investment income rose by 115.61% to 454,108.93 from 210,619.68, attributed to increased profits from joint ventures[20] - Financial expenses decreased to ¥67,578,064.87 from ¥75,739,410.40, a reduction of 10.4%[46] - Tax expenses for the current period were ¥1,964,375.02, up from ¥758,284.06, indicating an increase of 159.5%[46] Government Support and Subsidies - The company received government subsidies amounting to ¥2,238,143.59 during the reporting period[10] Operational Independence and Governance - The company has committed to maintaining operational independence from its controlling shareholder, ensuring independent personnel, assets, and financial management[26] - The company is in the process of addressing competition issues with its controlling shareholder, with commitments expected to be fulfilled by March 2025[25] - There were no violations regarding external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[31][32] - The company has not forecasted significant changes in net profit for the first half of 2021 compared to the previous year[29]