万马股份(002276) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥2,297,826,363.82, representing a 79.47% increase compared to ¥1,280,366,181.07 in the same period last year[10] - The net profit attributable to shareholders of the listed company was -¥40,741,043.08, an improvement of 54.80% from -¥90,129,795.54 year-on-year[10] - The basic earnings per share for the period was -¥0.0409, showing a 52.99% improvement from -¥0.0870 in the same period last year[10] - The net profit for Q1 2021 was a loss of CNY 40,634,594.53, an improvement compared to a loss of CNY 90,832,175.20 in Q1 2020, reflecting a reduction in losses of approximately 55.2%[87] - The company reported a gross profit margin of approximately 11.5% for Q1 2021, compared to a gross profit margin of 10.5% in the same quarter last year[87] Cash Flow and Liquidity - The net cash flow from operating activities was -¥585,292,794.21, a significant decline of 253.40% compared to -¥165,618,857.14 in the previous year[10] - The company's cash and cash equivalents decreased by 44.57% to CNY 83,962.07 million, mainly due to increased payments for bank acceptances[21] - Cash flow from operating activities showed a net outflow of CNY -585,292,794.21, worsening from CNY -165,618,857.14 in the previous period[95] - Total cash and cash equivalents at the end of the period decreased to ¥186,367,464.67 from ¥254,362,896.82, reflecting a decline of about 27%[99] Assets and Liabilities - The total assets at the end of the reporting period were ¥7,990,125,084.93, down 4.22% from ¥8,341,953,129.96 at the end of the previous year[10] - The total liabilities as of Q1 2021 amounted to CNY 2,699,001,412.83, slightly down from CNY 2,716,608,960.02 in the previous year[84] - Total liabilities decreased to CNY 3,583,591,652.87 from CNY 3,815,558,043.41, a decline of approximately 6.07%[58] - Total equity decreased to CNY 4,406,533,432.06 from CNY 4,526,395,086.55, reflecting a decrease of about 2.65%[73] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 89,023[13] - The largest shareholder, Qingdao West Coast New Area Marine Holdings Group Co., Ltd., held 25.01% of the shares[13] Investment and R&D - Research and development expenses increased to CNY 63,064,888.36 from CNY 49,997,112.97, marking a rise of about 26.0% year-over-year[87] - The company reported a significant long-term equity investment of CNY 1,794,402,446.61, indicating strong investment strategies[104] Risk Management and Governance - The company has established a comprehensive risk control system for copper futures hedging, with a maximum investment of 180 million, effectively managing legal, credit, operational, and cash flow risks[31] - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period, indicating good governance practices[37] Other Financial Metrics - The company reported non-operating income of ¥12,707,628.20 from government subsidies closely related to business[10] - The company’s investment income improved significantly, reaching CNY 119.06 million, a 113.67% increase from the previous period[21] - The company has effectively utilized hedging strategies to mitigate risks associated with commodity price fluctuations, enhancing operational stability[31]