大禹节水(300021) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥435,115,104.13, representing a 127.07% increase compared to ¥191,623,140.79 in the same period last year[8] - Net profit attributable to shareholders was ¥15,586,591.95, a significant increase of 1,285.19% from ¥1,125,234.58 year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥13,784,189.19, compared to a loss of ¥1,240,557.89 in the previous year, marking a 1,211.13% improvement[8] - The basic earnings per share rose to ¥0.0198, up 1,314.29% from ¥0.0014 in the same quarter last year[8] - The diluted earnings per share increased to ¥0.0233, reflecting a 1,564.29% rise from ¥0.0014 year-on-year[8] - The total operating revenue for the first quarter of 2021 was CNY 435,115,104.13, compared to CNY 191,623,140.79 in the previous period, indicating a significant increase[66] - Net profit for the first quarter reached CNY 11,233,988.97, compared to CNY 1,180,569.03 in the same period last year, representing a significant increase[68] Assets and Liabilities - The total assets at the end of the reporting period were ¥5,647,911,257.58, a 2.58% increase from ¥5,506,071,992.39 at the end of the previous year[8] - The net assets attributable to shareholders were ¥1,674,449,909.86, showing a 0.95% increase from ¥1,658,679,590.05 at the end of the previous year[8] - Long-term borrowings increased by 123.39% to ¥556,812,356.89, attributed to a rise in bank loans[18] - The total liabilities reached CNY 3,683,437,246.15, compared to CNY 3,549,218,032.14, marking an increase of about 3.78%[60] - Current liabilities decreased to CNY 2,409,202,989.68 from CNY 2,598,667,556.53, a reduction of about 7.29%[60] - Non-current liabilities increased to CNY 1,274,234,256.47 from CNY 950,550,475.61, indicating a rise of approximately 34.05%[60] Cash Flow - The company reported a net cash flow from operating activities of -¥128,676,317.04, which is a 156.05% decline compared to -¥50,166,597.93 in the same period last year[8] - Cash flow from operating activities was CNY 587,039,502.06, significantly higher than CNY 339,185,114.07 in the previous period[75] - The net cash flow from investment activities was -43,587,497.54 CNY, indicating a significant investment outflow compared to -62,950,444.37 CNY in the previous year[76] - Total cash inflow from financing activities was 467,808,351.00 CNY, while cash outflow was 422,823,292.81 CNY, resulting in a net cash flow of 44,985,058.19 CNY[77] Research and Development - The company reported a 143.06% increase in R&D expenses, totaling ¥6,367,307.69, reflecting increased investment in research and development[20] - Research and development expenses were CNY 6,367,307.69, an increase from CNY 2,619,683.01 in the previous period, indicating a focus on innovation[68] Contracts and Projects - The company signed significant contracts, including a PPP project in Wu Zhong City with an investment scale of ¥139,975,000, currently in progress[21] - The company won the contract for the Tianjin Jinghai District 2020 40 Villages Domestic Sewage Treatment Project with an investment scale of CNY 282.87 million, currently under execution[26] - The company secured the contract for the Changtu County New High-Standard Farmland Construction Project with an investment scale of CNY 165.19 million, currently under execution[26] - The company obtained the contract for the Lanzhou New Area Zhongchuan Park High-Standard Farmland Improvement Project with an investment scale of CNY 62.08 million, currently under execution[26] - The company achieved a contract for the 2021 High-Standard Farmland Construction Project in Bozhou City with an investment scale of CNY 299.32 million, currently under execution[27] Market Position and Strategy - The company has established a competitive advantage in high-standard farmland construction and social capital investment in farmland operations, with a focus on smart agriculture and farmland operation services[36] - The company is focused on expanding its market share by capitalizing on policy advantages and increasing its market development efforts[31] - The company has actively participated in government and social capital cooperation projects in the "Three Rural and Three Water" sectors, accumulating sufficient project experience to mitigate risks[31] Risk Management - The company emphasizes risk control by selecting financially sound and reputable partners for its projects, aiming to minimize operational risks[33] - The company is committed to strengthening its internal risk management systems and enhancing its decision-making processes to adapt to rapid changes in the external environment[34] Equity and Financing - The company plans to issue a total of CNY 638 million in convertible bonds, with a maturity of 6 years, to support its operations and expansion efforts[39] - The convertible bonds "Dayu Convertible Bonds" were issued on August 19, 2020, with a total amount not exceeding RMB 500 million[41] - The company repurchased 9,800,000 shares at a total cost of RMB 49,980,000, representing 1.23% of the total share capital, at a price of RMB 5.10 per share[42] Compliance and Governance - The company has disclosed that it will adhere to the latest regulatory requirements from the China Securities Regulatory Commission regarding compensation measures[43] - The company has not reported any violations of commitments by its directors and senior management[43]