和远气体(002971) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was CNY 207,980,099.83, representing a 104.97% increase compared to CNY 101,466,306.28 in the same period last year[8] - Net profit attributable to shareholders was CNY 20,651,123.48, up 92.33% from CNY 10,737,342.78 year-on-year[8] - The net profit after deducting non-recurring gains and losses was CNY 13,764,807.37, reflecting a 15.58% increase from CNY 11,909,093.21 in the previous year[8] - The basic earnings per share increased to CNY 0.13, an 85.71% rise from CNY 0.07 in the same quarter last year[8] - The company reported a net profit of ¥428,625,020.57, an increase from ¥407,973,897.09 year-over-year[39] - The company reported a total profit of ¥24,489,736.50 for Q1 2021, which is 93.1% higher than ¥12,697,847.52 in Q1 2020[46] - The total comprehensive income for the first quarter of 2021 was CNY 11,835,376.80, compared to CNY 4,013,609.78 in the same period last year, indicating a significant increase[51] Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,936,867,588.33, a 6.25% increase from CNY 1,822,996,604.12 at the end of the previous year[8] - The net assets attributable to shareholders were CNY 1,106,364,849.39, which is a 1.68% increase compared to CNY 1,088,082,850.52 at the end of the last year[8] - Total non-current assets reached ¥1,258,932,363.84, reflecting an increase of 10.63% from ¥1,137,729,094.20[37] - Total liabilities increased to ¥830,502,738.94, up 12.99% from ¥734,913,753.60[38] - The company’s total liabilities increased significantly, with notes payable rising by 346.58% to ¥178,630,000.00 as of March 31, 2021, from ¥40,000,000.00 at the end of 2020, reflecting a shift in financing strategy[19] Cash Flow - The net cash flow from operating activities was CNY -19,169,291.60, showing a 72.94% improvement from CNY -70,850,557.70 in the same period last year[8] - Cash inflows from operating activities amounted to CNY 145,695,637.80, up from CNY 79,416,974.57 year-over-year, reflecting a growth of approximately 83.3%[54] - The company reported cash inflows from financing activities of CNY 261,129,996.12, a decrease from CNY 634,468,000.00 in the same period last year[55] - The ending cash and cash equivalents balance was CNY 175,548,331.87, down from CNY 435,950,594.67 year-over-year[55] - Cash outflows for purchasing goods and services were CNY 96,404,810.31, down from CNY 115,303,498.59, showing a decrease of about 16.4%[54] Operating Costs and Expenses - Operating costs increased by 142.45% to ¥138,886,605.18 in Q1 2021 from ¥57,283,803.62 in Q1 2020, reflecting a significant expansion in industrial gas business[19] - Research and development expenses rose by 94.25% to ¥2,614,239.24 in Q1 2021, up from ¥1,345,801.93 in Q1 2020, indicating increased investment in innovation[19] - Total operating costs for Q1 2021 were ¥191,143,742.33, up 118.5% from ¥87,382,761.33 in Q1 2020[45] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,078[12] - The company’s equity attributable to shareholders reached ¥1,106,364,849.39, an increase from ¥1,088,082,850.52[39] Government Subsidies - The company received government subsidies amounting to CNY 8,867,289.44 during the reporting period[9] - The company reported a 771.22% increase in other income, totaling ¥5,017,374.09 in Q1 2021, compared to ¥575,904.53 in Q1 2020, due to increased government subsidies[21] Other Information - The company has initiated several projects, including the food liquid nitrogen project, which is currently in trial production, indicating ongoing market expansion efforts[27] - The company has adopted new leasing standards starting from 2021, which may affect the financial statements[59] - The first quarter report for 2021 was not audited, indicating preliminary financial data[67]