华东重机(002685) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥1,621,392,589.78, a decrease of 7.09% compared to ¥1,745,213,884.62 in the same period last year[7] - The net profit attributable to shareholders was ¥24,685,511.54, down 13.79% from ¥28,633,380.22 year-on-year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses surged by 779.08% to ¥23,563,124.31 from ¥2,680,416.17 in the previous year[7] - Basic and diluted earnings per share were both ¥0.0245, reflecting a decrease of 13.73% from ¥0.0284[7] - The company reported a net loss of CNY 251,237,893.46, an improvement from a loss of CNY 275,923,405.00 in the previous period[35] - The net profit for the first quarter of 2021 was CNY 272,025,554, a decrease of 80% compared to CNY 1,351,764,580 in the same period last year[47] - Operating profit for the first quarter was CNY 1,163,237,590, down from CNY 2,526,076,290 year-over-year[47] - Total revenue from operating activities was CNY 1,980,068,051, compared to CNY 2,303,924,354 in the previous year, reflecting a decline of approximately 14%[51] - The total comprehensive income for the first quarter was CNY 272,025,554, significantly lower than CNY 1,351,764,580 in the same period last year[48] Cash Flow - The net cash flow from operating activities was negative at -¥65,435,232.01, a decline of 251.99% compared to ¥43,052,771.27 in the same period last year[7] - Cash flow from operating activities showed a net outflow of CNY 65,435,232, contrasting with a net inflow of CNY 43,052,771 in the same quarter last year[51] - The company reported a total cash inflow from financing activities of CNY 281,416,504, an increase from CNY 230,265,025 in the previous year[52] - The cash outflow from investing activities was CNY 134,017,240, compared to CNY 194,021,491 in the same period last year, indicating a reduction in investment spending[51] - The net cash flow from investment activities was -5,900,340.97 CNY, a significant decrease compared to -69,166,781.68 CNY in the previous year[55] - The net cash flow from financing activities was 649,077.34 CNY, a decrease from 97,089,556.33 CNY year-over-year[55] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,103,541,357.46, an increase of 0.71% from ¥6,060,462,178.82 at the end of the previous year[7] - The company's current assets totaled CNY 3,841,264,676.50, slightly up from CNY 3,800,489,917.72 at the end of 2020, with cash and cash equivalents decreasing from CNY 280,434,178.39 to CNY 130,758,667.72[32] - The total liabilities of the company were CNY 2,140,681,089.30, compared to CNY 2,131,349,357.08 at the end of the previous year[34] - The company's total current liabilities amounted to CNY 2,082,027,829.10, slightly up from CNY 2,071,583,921.84[34] - The company's non-current assets totaled CNY 2,262,276,680.96, a marginal increase from CNY 2,259,972,261.10[33] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 41,003[11] - The net assets attributable to shareholders increased by 0.68% to ¥3,846,507,581.22 from ¥3,820,688,420.84 at the end of the previous year[7] - The company's equity attributable to shareholders rose to CNY 3,846,507,581.22 from CNY 3,820,688,420.84, marking an increase of approximately 0.67%[35] - The total equity attributable to shareholders as of the end of Q1 2021 was CNY 4,170,643,839.36, a marginal increase from CNY 4,170,113,669.14 in Q1 2020[39] Expenses - Sales expenses increased by 45.65% to ¥11,242,741.27 from ¥7,719,098.21 due to growth in high-end equipment manufacturing revenue[15] - Management expenses rose by 33.11% to ¥30,132,615.43 from ¥22,637,253.67 due to increased personnel salaries and social security costs[15] - Financial expenses increased by 41.27% to ¥12,229,058.61 from ¥8,656,537.36 due to higher interest costs[15] - Research and development expenses for Q1 2021 were CNY 7,287,429.37, slightly down from CNY 7,568,277.13 in Q1 2020[42] Investments and Future Plans - The company plans to invest in a high-end stainless steel deep processing industrial park to enhance its supply chain service capabilities[18] - The company approved a non-public issuance of A-shares to raise funds, as well as an extension of the employee stock ownership plan by one year[17] - Construction in progress surged by 1987.40% to ¥1,300,994.49 from ¥62,326.09 due to investments in the Chongqing Intelligent Equipment Industrial Park project[15] - Prepayments rose by 450.90% to ¥1,221,236.99 from ¥221,680.80 due to rental income from real estate leases[15] Other Information - The company did not adjust the beginning balance sheet items for the new leasing standards implemented in 2021[56] - The first quarter report was not audited[56]