ST华铁(000976) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥390,861,515.31, representing a 23.33% increase compared to ¥316,910,521.53 in the same period last year[7]. - Net profit attributable to shareholders for Q1 2021 was ¥44,650,825.64, a 46.61% increase from ¥30,454,789.24 year-on-year[7]. - The net profit after deducting non-recurring gains and losses was ¥44,650,921.00, reflecting a 46.41% increase compared to ¥30,498,139.24 in the previous year[7]. - The basic earnings per share for Q1 2021 was ¥0.0283, up 41.50% from ¥0.020 in the same period last year[7]. - The weighted average return on net assets increased to 0.91% from 0.68% year-on-year, an increase of 0.23%[7]. - Total operating revenue for the first quarter reached CNY 390,861,515.31, an increase from CNY 316,910,521.53 in the previous period[41]. - Net profit for Q1 2021 reached 66,276,365.52 CNY, compared to 35,167,434.09 CNY in the same period last year, marking an increase of about 88.5%[43]. - The total comprehensive income for Q1 2021 was 65,662,881.31 CNY, up from 37,656,440.95 CNY, representing an increase of approximately 74.4%[44]. Cash Flow and Assets - The net cash flow from operating activities was -¥237,258,300.35, worsening by 40.78% compared to -¥168,533,466.87 in the previous year[7]. - As of March 31, 2021, the company's cash and cash equivalents decreased to approximately 774 million yuan from 970 million yuan at the end of 2020, a decline of about 20%[33]. - Accounts receivable decreased to approximately 935 million yuan from approximately 1.32 billion yuan, a reduction of about 29%[33]. - Inventory increased significantly to approximately 659 million yuan from approximately 354 million yuan, an increase of about 86%[33]. - The company’s total current assets as of March 31, 2021, were approximately 3.65 billion yuan, slightly down from approximately 3.67 billion yuan at the end of 2020[33]. - The total cash and cash equivalents at the end of the period were 734,709,386.16 CNY, compared to 263,517,036.02 CNY at the end of the previous period[52]. - The company generated cash inflows from operating activities amounting to 897,577,264.35 CNY, significantly higher than 461,282,004.74 CNY in the previous year[49]. Investments and Acquisitions - The company plans to publicly issue bonds with a total scale not exceeding 1 billion yuan, which will not exceed 40% of the latest audited net assets before issuance[15]. - The company intends to acquire 100% equity of Qingdao Zhaoying through a combination of issuing shares and cash payments, involving a total of 62% equity from Chongqing Zhaoying and Jinan Gangtong[16]. - The company’s cash acquisition of 23.2112% equity in Hunan Boke Rui New Materials was completed for 15.075 million yuan, followed by an increase to 51% equity through capital increase for 36.8327 million yuan[19]. Liabilities and Equity - Current liabilities totaled CNY 1,153,697,294.12, a decrease from CNY 1,265,456,030.34 in the previous period[35]. - The company's total liabilities were CNY 2,237,076,004.82, slightly down from CNY 2,280,287,512.21[35]. - Owner's equity attributable to shareholders reached CNY 4,952,984,049.41, up from CNY 4,908,946,707.98[36]. - The company has a long-term borrowing of CNY 1,064,727,708.33, which increased from CNY 994,217,708.33[35]. Operational Efficiency - The company reported a decrease in management expenses by ¥10 million compared to the previous year, contributing to the growth in revenue and profit[14]. - The increase in revenue was primarily driven by the growth in the Shandong Jiatai seating business compared to the same period last year[14]. - The company reported a total operating cost of 319,068,193.99 CNY, up from 273,650,461.98 CNY, indicating a rise of approximately 16.6%[42]. - Research and development expenses decreased to 4,278,479.29 CNY from 6,068,691.38 CNY, a reduction of about 29.5%[42]. Governance and Compliance - The company’s board member Li Yuqing resigned for personal reasons, effective March 24, 2021[18]. - The company has not reported any violations regarding external guarantees during the reporting period[27]. - There were no significant changes in the company's financial commitments or investment strategies during the reporting period[22]. - The first quarter report was not audited, indicating that the figures may be subject to change upon final review[58].