华昌化工(002274) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥2,053,979,356.12, representing a 70.00% increase compared to ¥1,208,197,152.16 in the same period last year [8] - Net profit attributable to shareholders was ¥318,300,443.11, a significant increase of 2,811.43% from ¥10,932,801.08 in the previous year [8] - The net profit after deducting non-recurring gains and losses reached ¥299,154,228.33, up 32,111.30% from ¥928,724.44 year-on-year [8] - Basic earnings per share were ¥0.3342, reflecting a 2,806.09% increase from ¥0.0115 in the previous year [8] - Operating profit for the current period was ¥415,095,648.24, compared to only ¥9,705,379.52 in the previous period, indicating a substantial improvement [53] - The company reported a total profit of ¥417,816,444.32, a significant increase from ¥8,718,873.30 in the previous period [53] - The company achieved a gross profit margin of approximately 13.4%, up from a negative margin in the previous period [60] Cash Flow - The net cash flow from operating activities was ¥446,488,667.66, a remarkable increase of 758.71% compared to a negative cash flow of -¥67,782,143.67 in the same period last year [8] - The company generated a net cash flow from operating activities of 446.49 million yuan, reflecting a strong operational cash generation capability [20] - Cash flow from operating activities generated a net inflow of ¥446,488,667.66, compared to a net outflow of ¥67,782,143.67 in the previous period [63] - Net cash flow from operating activities reached $408.92 million, compared to a negative $105.19 million in the previous period [69] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥7,624,052,184.99, a 2.85% increase from ¥7,413,031,263.05 at the end of the previous year [8] - Current assets totaled ¥2,623,822,229.79, up from ¥2,463,904,549.34, indicating an increase of about 6.49% [40] - Total liabilities decreased slightly to ¥4,468,018,172.38 from ¥4,511,572,307.48, a reduction of approximately 0.97% [42] - The company's total current liabilities remained relatively stable at ¥4,261,634,252.99 compared to ¥4,260,662,183.24, showing a marginal increase of about 0.02% [42] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 40,742, with the largest shareholder holding 30.46% of the shares [12] - The net assets attributable to shareholders increased by 9.01% to ¥3,091,821,185.71 from ¥2,836,206,190.15 at the end of the previous year [8] - The company's equity attributable to shareholders increased to ¥3,091,821,185.71 from ¥2,836,206,190.15, reflecting a growth of about 8.99% [42] Investments and Expenses - Long-term equity investments increased by 38.62% to 226.86 million yuan, driven by additional investments in aerogel material companies [17] - Research and development expenses for the current period were ¥6,958,725.27, slightly down from ¥7,233,695.34 in the previous period [53] - Research and development expenses increased to ¥2,016,129.55 from ¥1,717,391.92, reflecting a commitment to innovation [60] Other Financial Metrics - The weighted average return on net assets was 10.74%, up from 0.40% in the previous year, indicating improved profitability [8] - The company reported government subsidies recognized in the current period amounting to ¥10,563,045.97 [8] - The company reported a decrease in accounts payable to ¥510,228,174.68 from ¥515,265,694.07, a reduction of about 0.72% [42] Share Repurchase and Financing Activities - The company repurchased a total of 9,904,936 shares, accounting for 1.04% of the total share capital, with a total transaction amount of approximately 62.69 million yuan [22] - The company’s cash flow from financing activities was -233.69 million yuan, a decrease of 471.98% year-on-year, mainly due to loan repayments exceeding new borrowings [20] Compliance and Commitments - The company has made commitments to avoid competition and ensure fair transactions with its shareholders [24] - The company has maintained good performance in fulfilling its commitments [24] - There are no violations of external guarantees during the reporting period [31] - The company has no non-operating fund occupation by controlling shareholders or related parties [32] Future Outlook - The company has not forecasted significant changes in net profit for the first half of 2021 [30] - The company has not encountered any situations that may lead to impairment of entrusted financial management principal [30]