东华科技(002140) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥822,892,240.42, representing a 222.34% increase compared to ¥255,287,248.21 in the same period last year[8]. - Net profit attributable to shareholders was ¥55,075,474.43, up 73.93% from ¥31,664,722.35 year-on-year[8]. - Basic earnings per share increased to ¥0.1029, reflecting a 73.82% rise from ¥0.0592 in the same quarter last year[8]. - The company reported a net profit excluding non-recurring gains and losses of ¥54,894,483.14, which is a 73.28% increase from ¥31,679,411.01 year-on-year[8]. - The company's operating revenue for the reporting period reached 822.89 million yuan, an increase of 222.34% year-on-year[19]. - Net profit for the current period was ¥55,397,820.82, up from ¥31,809,815.38 in the previous period, reflecting an increase of approximately 74%[77]. - The company's total equity increased to CNY 2,466,346,385.60 from CNY 2,404,030,941.08, representing a growth of about 2.59%[61]. - The company’s total profit for the current period was ¥61,627,457.40, compared to ¥35,531,237.38 in the previous period, indicating an increase of about 73.4%[83]. Cash Flow and Assets - The net cash flow from operating activities was ¥61,643,919.35, a significant improvement of 116.49% compared to a negative cash flow of ¥373,807,162.29 in the previous year[8]. - The total current asset of CNY 6,353,058,171.86 as of March 31, 2021, a slight increase from CNY 6,337,493,507.60 on December 31, 2020, representing a growth of approximately 0.24%[52]. - Cash and cash equivalents increased to CNY 1,837,893,908.94 from CNY 1,771,410,199.73, marking an increase of about 3.74%[52]. - The ending balance of cash and cash equivalents was ¥1,703,644,654.16, up from ¥1,089,292,881.60 in the previous period[97]. - The cash flow from operating activities generated a net amount of ¥61,643,919.35, a turnaround from a negative cash flow of ¥373,807,162.29 in the previous period[87]. Liabilities and Equity - Total liabilities amounted to CNY 5,703,215,714.85, a slight decrease from CNY 5,730,682,043.15, showing a reduction of approximately 0.48%[58]. - The total equity attributable to shareholders increased to ¥2,425,320,501.82, a growth of 2.30% from ¥2,370,690,923.38 at the end of the previous year[8]. - Total liabilities decreased slightly to ¥4,888,812,961.90 from ¥4,906,232,851.51, a reduction of approximately 0.4%[69]. - The total equity of the company rose to ¥2,367,466,634.51 from ¥2,315,569,667.23, marking an increase of about 2.2%[69]. Investments and Projects - The company is actively pursuing the restructuring and restart of the 300,000 tons/year coal-to-ethylene glycol project with Inner Mongolia Kangle Chemical Industry Co., Ltd[21]. - The company has ongoing major contracts, including a total contract amount of 3.05 billion yuan for a potash project in Congo, with a progress rate of 6.82%[38]. - Another significant contract with Qianxi County Qianxi Coal Chemical Investment Co., Ltd. has a total amount of 3.156 billion yuan, with a progress rate of 95.62%[40]. - The company has a contract with Kangnai Chemical Industry Co., Ltd. for a project worth 3.696 billion yuan, with a progress rate of 62.38%[40]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 20,941, with the top ten shareholders holding a significant portion of the shares[12]. - The largest shareholder, Chemical Industry Third Design Institute Co., Ltd., held 58.13% of the shares, totaling 316,962,401 shares[13]. Research and Development - Research and development expenses for the current period were ¥13,229,300.42, down from ¥24,018,183.55 in the previous period, indicating a decrease of approximately 45%[73]. - Research and development expenses decreased to ¥13,201,218.24 from ¥24,008,917.36, a reduction of about 45.0%[80]. Legal and Compliance - The company has been negotiating with Huaihua Group regarding the execution of the share repurchase agreement since 2016, but no agreement has been reached[30]. - In June 2020, the Supreme People's Court designated the Anhui Provincial High Court to retry the case against Huaihua Group, which resulted in a judgment confirming the company's claim of a principal amount of 45 million yuan and interest of 21.018 million yuan[30]. - The company did not undergo an audit for the first quarter report[113].