*ST围海(002586) - 2021 Q1 - 季度财报

Financial Performance - Revenue for the first quarter reached ¥438,826,991.47, an increase of 54.48% compared to ¥284,061,220.62 in the same period last year[8] - Net profit attributable to shareholders was a loss of ¥11,867,702.24, an improvement of 46.98% from a loss of ¥22,384,517.77 in the previous year[8] - The net profit after deducting non-recurring gains and losses was ¥7,074,126.22, a significant turnaround from a loss of ¥29,052,546.69, representing a 124.35% increase[8] - The company's operating revenue for the current period reached 43,882.70 million, a 54.48% increase compared to 28,406.12 million in the same period last year, primarily due to the impact of COVID-19 in the previous year[17] - The net loss for the company in Q1 2021 was CNY 4.21 million, compared to a loss of CNY 3.65 million in Q1 2020[63] - The total profit for Q1 2021 was reported at a loss of CNY 9,797,857.54, which is an improvement from a loss of CNY 21,555,250.27 in the previous year[64] - The company's total comprehensive income for Q1 2021 was a loss of CNY 12,159,759.74, compared to a loss of CNY 23,825,651.38 in the same period last year[65] Cash Flow and Assets - The net cash flow from operating activities was negative at ¥165,226,583.77, worsening by 15.95% from a negative cash flow of ¥142,503,208.10 in the previous year[8] - The company's cash flow from operating activities for Q1 2021 was a net outflow of CNY 165,226,583.77, worsening from a net outflow of CNY 142,503,208.10 in the previous year[72] - Operating cash inflow for the first quarter was CNY 933,740,610.75, a decrease of 21.1% from CNY 1,185,152,899.75 in the previous year[75] - Net cash flow from operating activities was CNY 209,539,929.75, down 24.3% compared to CNY 276,627,688.83 in the same period last year[75] - The ending balance of cash and cash equivalents was CNY 11,842,934.08, down from CNY 55,344,364.19 in the previous year[76] - Total cash and cash equivalents decreased by CNY 1,562,212.26 during the quarter[76] Assets and Liabilities - Total assets decreased by 8.33% to ¥7,452,383,846.18 from ¥8,129,486,565.42 at the end of the previous year[8] - The company's total assets as of March 31, 2021, were CNY 6.94 billion, down from CNY 7.10 billion at the end of 2020[60] - Total liabilities decreased to CNY 4,836,470,310.51 from CNY 5,000,000,000, reflecting a reduction of about 3.3%[54] - The company's current assets decreased to CNY 2,836,470,310.51 from CNY 3,326,630,647.15, reflecting a reduction of about 14.8%[53] - The company's short-term borrowings were CNY 1,273,514,628.49, down from CNY 1,346,905,544.95, a decrease of approximately 5.4%[54] Shareholder Information - The company reported a total of 14,359 common shareholders at the end of the reporting period[12] - The largest shareholder, Zhejiang Weihai Holdings Group Co., Ltd., holds 43.06% of the shares, with 492,677,204 shares pledged and frozen[12] - The controlling shareholder, Zhejiang Weihai Holding Group, has made commitments to avoid competition that may harm the interests of the company and its shareholders[28] Investment Activities - Investment activity cash inflow was 39,317.75 million, down 43.54% from 69,636.39 million in the previous year, mainly due to a decrease in the recovery of BT project investment funds[18] - The company reported a net cash outflow from financing activities of -15,570.48 million, a reduction of 41.75% compared to -26,731.32 million in the previous year, reflecting a decrease in financing scale after being warned of ST risk[18] - The company has initiated a recruitment process for potential investors for the restructuring of its controlling shareholder, which is currently in the negotiation stage[19] Compliance and Legal Matters - The company reported a violation of guarantee matters with a remaining balance of 72,022.37 million, which has not yet been resolved as of the announcement date[21] - The company has not reported any violations regarding external guarantees during the reporting period[40] - The company is actively working on improving internal control systems to mitigate the impact of fund occupation issues[47] - The company has initiated bankruptcy reorganization procedures for its controlling shareholder and related parties[47] Research and Development - Research and development expenses decreased significantly by 86.20% to 190.75 million, attributed to changes in the scope of consolidation compared to the same period last year[17] - The company's research and development expenses for Q1 2021 were CNY 1,187,800.75, up from CNY 420,176.60 in the previous year, reflecting a focus on innovation[67] Future Plans - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming quarters[63] - The company has committed to ensuring the accuracy and completeness of information provided during the transaction process, adhering to relevant laws and regulations[26]