荣盛石化(002493) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥34.58 billion, representing a 64.26% increase compared to ¥21.05 billion in the same period last year[7] - Net profit attributable to shareholders reached ¥2.62 billion, a significant increase of 113.86% from ¥1.23 billion year-on-year[7] - Basic and diluted earnings per share both stood at ¥0.39, up 105.26% from ¥0.19 in the same quarter last year[7] - Net profit for Q1 2021 reached CNY 4.76 billion, representing a 131.8% increase compared to CNY 2.06 billion in Q1 2020[43] - The total comprehensive income for Q1 2021 was CNY 4.78 billion, compared to CNY 2.10 billion in Q1 2020, indicating strong overall performance[43] Cash Flow - The net cash flow from operating activities was ¥5.20 billion, a remarkable turnaround from a negative cash flow of ¥2.13 billion in the previous year, marking a 344.29% improvement[7] - Cash inflows from operating activities totaled CNY 35.33 billion, an increase from CNY 25.82 billion in the same quarter last year[48] - The company's cash and cash equivalents increased to ¥29.95 billion as of March 31, 2021, compared to ¥10.64 billion at the end of 2020, reflecting a significant growth of approximately 182.5%[32] - The company reported a total cash inflow from financing activities of ¥61.88 billion, compared to ¥24.06 billion in the same quarter of the previous year, indicating a 157% increase[50] - The company's total cash inflow from operating activities was ¥5.76 billion, a substantial increase from ¥1.24 billion in the same quarter last year[52] Assets and Liabilities - Total assets at the end of the reporting period were ¥282.13 billion, an increase of 16.82% from ¥241.51 billion at the end of the previous year[7] - The company's total liabilities amounted to CNY 206.24 billion, up from CNY 171.65 billion, reflecting a year-on-year increase of 20.1%[35] - Long-term borrowings rose by 45.21% to ¥9,065,133.63 million, mainly due to increased syndicated loans from subsidiary Zhejiang Petrochemical[16] - The total equity attributable to shareholders of the parent company was CNY 39.61 billion, up from CNY 36.97 billion, marking an increase of 7.1%[35] Shareholder Information - The company reported a total of 54,301 common shareholders at the end of the reporting period, with the top ten shareholders holding a combined 69.57% of the shares[11] - Zhejiang Rongsheng Holding Group Co., Ltd. remains the largest shareholder, holding 61.22% of the company's shares[11] Research and Development - Research and development expenses increased by 77.51% to ¥12,555.62 million, reflecting higher R&D investments by subsidiary Zhejiang Petrochemical[16] - Research and development expenses were CNY 395.35 million, significantly higher than CNY 111.86 million in the previous year, indicating a focus on innovation[42] Investment and Financial Activities - Investment income decreased by 129.32% to -¥2,812.34 million, mainly due to reduced futures settlement gains from subsidiary Dalian Yisheng[16] - The company reported an investment loss of CNY 28.12 million, a significant decrease from a gain of CNY 95.93 million in Q1 2020[42] Operational Highlights - The first phase of the Zhejiang Petrochemical's 40 million tons/year refining and chemical integration project has commenced production, with steady increases in operational load and profitability[25] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[42] Miscellaneous - The company has no reported violations regarding external guarantees during the reporting period[28] - The first quarter report was not audited, indicating preliminary financial data[60] - The company has not disclosed specific future outlook or guidance in the provided documents[61] - No new products or technologies were mentioned in the financial report[61] - There were no indications of market expansion or mergers and acquisitions in the current report[61]