章源钨业(002378) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was ¥575,834,543.68, representing a 65.76% increase compared to ¥347,393,366.70 in the same period last year[10]. - Net profit attributable to shareholders was ¥6,725,174.50, a significant turnaround from a loss of ¥48,892,729.17, marking a 113.75% improvement[10]. - Basic earnings per share increased to ¥0.0073 from -¥0.05, reflecting a 114.60% improvement[10]. - The company's operating revenue for the current period increased by 228.44 million yuan, a growth of 65.76% compared to the same period last year, driven by favorable tungsten market conditions and significant sales volume growth[31]. - Net profit for the current period reached 71.10 million yuan, an increase of 557.44% compared to the same period last year, primarily due to rising tungsten product prices and increased sales volume[31][33]. - The total profit for the current period increased by 56.20 million yuan, a growth of 112.83%, reflecting improved market conditions and operational efficiency[31][33]. - The company's net profit attributable to shareholders increased to CNY 11,182,798.26 from CNY 4,495,918.67, reflecting a growth of about 148%[70]. - The total comprehensive income for the current period was ¥7,110,090.03, compared to a loss of ¥48,634,000.54 in the previous period[86]. Cash Flow and Investments - The net cash flow from operating activities was -¥172,124,621.08, a drastic decline of 52,449.12% compared to ¥328,801.35 in the previous year[10]. - The company's cash outflow from operating activities increased by 178.52 million yuan, a rise of 41.60%, mainly due to increased payments for raw materials to meet sales order demands[39]. - The company's cash flow from investment activities saw a net inflow of 1.51 million yuan, a significant increase of 535.63% compared to the previous year[40]. - The net cash flow from investment activities was -8,911,509.13 CNY, a significant decrease compared to -57,690,037.90 CNY in the previous period[104]. - The cash flow from financing activities resulted in a net inflow of 29,177,213.71, compared to a net outflow of -64,815,615.34 in the previous period[100]. - The net cash flow from financing activities was 15,049,619.76 CNY, a recovery from -85,001,598.28 CNY in the previous period[104]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,212,324,240.81, up 7.89% from ¥3,904,307,172.62 at the end of the previous year[10]. - The company's total liabilities increased by 195.79 million yuan, a rise of 75.06%, due to optimized financing structure and increased purchases of tungsten raw materials[26]. - Total current assets reached ¥2,079,711,282.22, compared to ¥1,760,519,910.97 at the end of 2020, reflecting a growth of approximately 18.1%[61]. - The total liabilities reached CNY 2,507,949,349.89, compared to CNY 2,212,479,940.42, indicating an increase of approximately 13.3%[67]. - The company's total assets increased to ¥5,113,941,418.09 from ¥4,864,823,508.63, indicating a growth of approximately 5.1%[77]. - The total liabilities increased to ¥2,328,422,591.43 from ¥2,100,822,154.65, reflecting a rise of approximately 10.8%[77]. Shareholder Information - The company reported a total of 71,848 common shareholders at the end of the reporting period[15]. - The largest shareholder, Chongyi Zhangyuan Investment Holding Co., Ltd., held 64.22% of the shares, amounting to 593,527,697 shares[15]. - The company has committed to a three-year shareholder return plan (2020-2022) approved on June 19, 2020, ensuring consistent returns to shareholders[47]. Compliance and Governance - The company has adhered to commitments regarding employee housing fund contributions since August 1, 2009, with no penalties or losses incurred as of the first quarter of 2021[47]. - The company has maintained compliance with commitments to avoid competition and related transactions, ensuring no conflicts of interest as of the first quarter of 2021[47]. - There were no significant non-operating fund occupations by controlling shareholders or related parties during the reporting period[56]. - The company has not engaged in any major contracts or entrusted financial management during the reporting period[52][57]. Other Financial Metrics - The weighted average return on equity rose to 0.40%, an increase of 3.34 percentage points from -2.94%[10]. - The company's investment income increased by 6.01 million yuan, a growth of 152.49%, due to higher returns from joint ventures[33]. - Research and development expenses for the current period were ¥7,100,793.22, down from ¥9,207,915.83, a decrease of approximately 22.8%[80]. - The company reported an investment income of ¥2,070,390.52, recovering from a loss of ¥3,944,518.02 in the prior period[80].