富春环保(002479) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥852,583,589.51, representing a 12.06% increase compared to ¥760,841,601.40 in the same period last year[8]. - Net profit attributable to shareholders was ¥119,064,303.48, a significant increase of 390.80% from ¥24,258,999.53 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was ¥20,981,253.18, up 12.71% from ¥18,614,715.17 in the previous year[8]. - Basic earnings per share were ¥0.1376, reflecting a 404.03% increase from ¥0.0273 in the previous year[8]. - The net profit attributable to shareholders for the first half of 2021 is expected to be between 21,357.61 million yuan and 23,730.68 million yuan, representing a growth of 80.00% to 100.00% compared to the same period last year[26]. - Basic earnings per share are projected to be between 0.2469 yuan and 0.2743 yuan, indicating an increase of 84.94% to 105.47% year-on-year[26]. - The increase in net profit is primarily due to non-recurring gains of approximately 93.82 million yuan from compensation and rewards received during the first quarter[26]. Cash Flow - The net cash flow from operating activities reached ¥197,490,916.92, an increase of 23.80% compared to ¥159,529,913.37 in the same period last year[8]. - Net cash flow from investment activities increased by 184.12% to ¥530,622,290, primarily from demolition compensation received[17]. - The cash flow from investing activities showed a net inflow of CNY 530.62 million, a significant improvement compared to a net outflow of CNY 630.79 million in the previous period[54]. - The net cash flow from investment activities was 476,140,431.91 CNY, a significant improvement compared to -569,432,007.23 CNY in the previous period[58]. - The cash flow from operating activities generated a net amount of CNY 197.49 million, up from CNY 159.53 million in the previous year, reflecting a growth of about 23.7%[54]. Assets and Liabilities - Total assets at the end of the reporting period were ¥11,320,110,916.10, a 1.78% increase from ¥11,121,958,591.41 at the end of the previous year[8]. - Total liabilities as of Q1 2021 were CNY 3,292,010,844.87, compared to CNY 3,034,817,088.77 in the previous year, reflecting an increase of 8.49%[45]. - Total non-current assets decreased to CNY 6,700,586,170.52 from CNY 7,648,750,604.72, a decline of approximately 12.4%[36]. - Liabilities held for sale increased by 986.31% to ¥3,249,347,952, primarily from transfers of assets from the parent company and Qingyuan Ecology[16]. - Short-term borrowings decreased significantly to CNY 401,827,739.99 from CNY 2,981,273,350.68, a reduction of approximately 86.5%[36]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 42,137, indicating a stable shareholder base[12]. - The company is committed to maintaining independence from its controlling shareholder, ensuring no harm to the interests of the listed company and its shareholders[23]. Research and Development - Research and development expenses increased by 42.92% to ¥27,720,543, mainly due to the consolidation of Suichang Huijin[16]. - Research and development expenses for Q1 2021 amounted to CNY 27,720,543.61, up from CNY 19,396,057.74, indicating a year-over-year increase of 43.06%[45]. Other Financial Metrics - The weighted average return on equity was 3.08%, up from 0.75% in the previous year, indicating improved profitability[8]. - The company reported non-recurring gains of ¥98,083,050.30 after accounting for tax effects and minority interests[9]. - The company reported a decrease in accounts payable from CNY 1,087,690,034.72 to CNY 570,584,065.25, a decline of about 47.5%[37]. - The company received cash from sales of goods and services amounting to CNY 846.29 million, down from CNY 1,104.40 million in the previous period, reflecting a decrease of approximately 23.4%[53]. Compliance and Governance - The company has no securities or derivative investments during the reporting period[24][25]. - There are no violations regarding external guarantees during the reporting period[29]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[30]. - The company has not conducted any research, communication, or interview activities during the reporting period[31]. - The report for the first quarter was not audited[61]. - The company did not apply the new leasing standards for the current period[59]. - The first quarter report was released on April 27, 2021[61].