三钢闽光(002110) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was CNY 14.52 billion, representing a 36.28% increase compared to CNY 10.65 billion in the same period last year[8]. - Net profit attributable to shareholders was CNY 923.79 million, a 61.87% increase from CNY 503.64 million year-on-year[8]. - The net profit excluding non-recurring gains and losses was CNY 881.82 million, up 78.12% from CNY 495.08 million in the previous year[8]. - The basic earnings per share increased to CNY 0.380, reflecting a 63.09% growth compared to CNY 0.205 in the same period last year[8]. - The company's total profit increased by 61.59% compared to the same period last year, attributed to higher average gross margins and sales volume of steel products[17]. - Total comprehensive income for the period was CNY 926,943,579.15, compared to CNY 565,718,094.43 in the same quarter last year, marking a 63.7% increase[42]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 44.24 billion, a 2.16% increase from CNY 43.30 billion at the end of the previous year[8]. - The net assets attributable to shareholders increased to CNY 21.26 billion, marking a 4.41% rise from CNY 20.36 billion at the end of the previous year[8]. - The total liabilities amounted to CNY 22.86 billion, slightly up from CNY 22.82 billion year-over-year[33]. - The total current liabilities decreased to CNY 19.93 billion from CNY 21.35 billion, a reduction of 6.6%[33]. - The company's long-term borrowings increased significantly to CNY 2.29 billion from CNY 865 million, indicating a rise of 164.5%[33]. Cash Flow - The net cash flow from operating activities was negative at CNY -3.51 billion, a significant decline of 775.76% compared to CNY 165.16 million in the same period last year[8]. - The cash inflow from operating activities totaled CNY 16,476,793,162.88, a decrease of 5.93% compared to CNY 17,516,070,011.18 in the previous period[49]. - The total cash outflow from operating activities was CNY 19,989,828,799.25, compared to CNY 16,996,208,962.23 in the last period, indicating an increase of 11.7%[49]. - The ending cash and cash equivalents balance was CNY 4,516,299,723.92, up from CNY 3,431,043,747.06 in the previous period[50]. Shareholder Information - The top shareholder, Fujian Sansteel (Group) Co., Ltd., holds a 56.55% stake in the company[12]. - As of March 31, 2021, the company repurchased a total of 22,500,011 shares, accounting for 0.9178% of the total share capital, with a total expenditure of RMB 151.48 million[19]. Inventory and Receivables - The financial report indicates a significant increase in inventory, which rose to CNY 4,237,183,751.49 from CNY 3,788,088,677.97, reflecting an increase of approximately 11.85%[30]. - Accounts receivable increased by RMB 13.72 million, a rise of 415.52%, mainly due to an increase in expected settlement payments[16]. - Accounts receivable rose significantly to CNY 17,026,107.77 from CNY 3,302,720.13, marking an increase of approximately 415.5%[30]. Investment and Expenses - Investment income increased by RMB 25.90 million, a significant rise of 337.99%, due to higher returns from debt investments[17]. - Research and development expenses increased to CNY 291,412,436.90, a rise of 20.4% compared to CNY 241,892,826.40 in the previous year[40]. - The company's financial expenses increased by RMB 17.30 million, a rise of 47.6%, primarily due to higher net interest expenses compared to the previous year[16]. Compliance and Governance - The company has no instances of non-compliance regarding external guarantees during the reporting period[24]. - There were no non-operating fund occupations by controlling shareholders or related parties reported during the period[25]. - The report was presented by Chairman Li Lizhang on April 28, 2021[65].