ST升达(002259) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥269,113,199.33, representing a 179.90% increase compared to ¥96,146,497.25 in the same period last year[8] - Net profit attributable to shareholders was ¥17,891,111.57, a significant turnaround from a loss of ¥30,939,764.28 in the previous year, marking a 157.83% improvement[8] - The net profit after deducting non-recurring gains and losses reached ¥20,851,747.10, compared to a loss of ¥30,964,346.98 last year, reflecting a 167.34% increase[8] - Basic earnings per share improved to ¥0.0238 from a loss of ¥0.0411, indicating a 157.91% increase[8] - The weighted average return on net assets rose to 26.37%, a substantial increase of 295.19% from -13.51% in the previous year[8] - The company reported a significant increase in income tax expenses, rising by 2880.87% to ¥6,218,309.86 due to higher total profits[15] - The net profit for the quarter was CNY 17,681,615.99, a recovery from a net loss of CNY 39,625,014.88 in the previous year[43] - The basic and diluted earnings per share for the first quarter were both -0.0208 CNY, an improvement from -0.0278 CNY in the previous year[48] Cash Flow and Assets - The net cash flow from operating activities was ¥25,181,669.74, up 195.42% from ¥8,524,118.02 in the same quarter last year[8] - Cash received from sales increased by 196.26% to ¥309,045,376.40, attributed to higher sales collections during the reporting period[15] - The total cash and cash equivalents at the end of the quarter were 59,515,695.09 CNY, down from 91,568,740.32 CNY at the beginning of the period, indicating a decrease of about 35%[52] - The cash flow from operating activities generated a net inflow of 25,181,669.74 CNY, up from 8,524,118.02 CNY in the same quarter last year, reflecting a year-over-year increase of approximately 194.5%[51] - The cash outflow for purchasing goods and services was 259,261,592.78 CNY, which is significantly higher than 85,639,552.04 CNY in the same period last year, indicating increased operational costs[51] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,033,463,763.68, a decrease of 2.15% from ¥1,056,177,106.18 at the end of the previous year[8] - Total liabilities decreased to CNY 945,836,138.64 from CNY 987,192,121.09, a reduction of about 4.2%[34][35] - The company's equity attributable to shareholders rose to CNY 77,117,670.80 from CNY 58,319,996.27, an increase of approximately 32.2%[35] - The total liabilities to equity ratio improved, indicating a stronger financial position compared to the previous period[34][35] - The total liabilities to equity ratio is approximately 14.34, suggesting a high level of leverage[59] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,692[11] - The top shareholder, Huabao Trust Co., Ltd., held 28.33% of the shares, amounting to 213,115,525 shares[11] Inventory and Receivables - Accounts receivable decreased by 42.70% to ¥6,188,340.43 due to the recovery of prior payments during the reporting period[15] - Inventory increased by 146.16% to ¥46,725,831.13 as a result of expanded production and sales scale[15] Financial Challenges and Initiatives - The company has faced a total of ¥605.79 million in misappropriated fundraising, impacting its financial stability[21] - The company’s fundraising project for a clean energy initiative remains stalled due to market conditions and potential land rights recovery[21] - The company reported a net loss of CNY 1,314,206,362.51 in retained earnings, indicating ongoing financial challenges[61] Other Information - The company did not engage in any research, communication, or interview activities during the reporting period[27] - The company has not reported any significant new product developments or market expansions during this quarter[56] - The company has not undergone an audit for the first quarter report, which may affect the reliability of the financial data presented[63] - The company is not applying the new leasing standards retrospectively, which may impact future financial reporting[62]