2021-04-27 16:00Financial Performance - The company's operating revenue for Q1 2021 was CNY 751.43 million, representing a year-on-year increase of 14.19%[8] - Net profit attributable to shareholders decreased by 42.80% to CNY 31.78 million compared to the same period last year[8] - The net cash flow from operating activities dropped by 78.23% to CNY 50.88 million, down from CNY 233.73 million in the previous year[8] - The company's net profit margin decreased due to increased operating costs, with operating costs rising by approximately 18.4% year-over-year[42] - The net profit for the first quarter of 2021 was CNY 29,972,638.72, down from CNY 46,779,584.14 year-over-year, representing a decline of approximately 36%[44] - The profit attributable to the parent company's shareholders was CNY 31,781,096.24, compared to CNY 55,561,985.79 in the same period last year, indicating a decrease of about 43%[44] - The total comprehensive income for the first quarter was CNY 29,963,872.83, compared to CNY 48,005,190.10 in the same period last year, reflecting a decline of approximately 37%[44] - The total profit for the first quarter was CNY 40,446,966.38, down from CNY 63,894,702.86 year-over-year, representing a decrease of about 37%[44] - The operating profit for the first quarter was CNY 39,634,004.76, compared to CNY 67,003,424.53 in the previous year, indicating a decline of approximately 41%[44] Revenue and Costs - Revenue from resource recycling products reached approximately CNY 299 million, up 50.11% year-on-year, driven by rising copper prices and increased sales volume[9] - Total operating costs for Q1 2021 were CNY 725,661,678.49, up from CNY 613,067,635.72 in the previous period[42] - Sales expenses rose by 35.83% to ¥25,807,700.26 as the company intensified market expansion efforts amid increased competition in the hazardous waste market[19] - The company reported a significant decline in gross profit due to a sharp drop in hazardous waste disposal prices amid intensified market competition[9] Cash Flow and Investments - The cash inflow from operating activities was CNY 840,101,872.46, an increase from CNY 821,172,989.73 in the previous period[49] - The cash and cash equivalents at the end of the period decreased to 531,582,547.85 CNY from 1,289,310,293.07 CNY in the previous period, reflecting a significant decline[52] - The company recorded a cash inflow of 1,049,000,000.00 CNY from borrowings, which is an increase from 1,008,389,500.00 CNY in the previous period[55] - The company reported a total cash outflow from investing activities of 274,358,827.36 CNY, compared to 158,033,167.73 CNY in the previous period, indicating increased investment expenditures[52] - The net cash flow from investing activities was -¥273,439,387.71, a 73.36% increase in cash outflows due to accelerated project construction payments[19] Assets and Liabilities - Total assets at the end of the reporting period were CNY 10.49 billion, a slight increase of 0.59% from the end of the previous year[8] - Total liabilities increased to CNY 4,847,978,429.78 from CNY 4,662,309,685.96, indicating a rise in financial obligations[39] - The total equity attributable to shareholders rose to CNY 4,571,970,731.78 from CNY 4,539,562,929.93, reflecting a slight increase in shareholder value[35] - The total non-current liabilities amounted to CNY 687,051,459.41, slightly up from CNY 669,568,826.25, indicating stable long-term financial commitments[39] Research and Development - R&D expenses increased by 44.69% to ¥31,944,281.61, reflecting the company's commitment to innovation in response to rapid industry growth and competition[19] - Research and development expenses for Q1 2021 were CNY 31,944,281.61, compared to CNY 22,077,328.15 in the previous period, indicating a focus on innovation[42] Strategic Initiatives - The company plans to enhance its core competitiveness by expanding domestic and international markets and improving service levels[9] - The company will continue to strengthen budget management and control costs and expenses to adapt to the competitive landscape[9]