中创环保(300056) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥293,196,316.74, representing a 3.03% increase compared to ¥284,583,957.75 in the same period last year[9]. - Net profit attributable to shareholders was ¥12,207,590.91, a significant increase of 553.83% from ¥1,867,097.86 in the previous year[9]. - The net profit after deducting non-recurring gains and losses reached ¥9,158,498.09, marking a dramatic increase of 23,830.26% compared to a loss of ¥38,594.18 in the same period last year[9]. - Basic earnings per share rose to ¥0.0320, up 553.06% from ¥0.0049 in the same period last year[9]. - The company reported a net profit for Q1 2021 of CNY 21,348,705.38, a significant increase from CNY 1,082,762.96 in the same period last year, representing a growth of approximately 1,874%[52]. - The total comprehensive income for the period was CNY 21,321,459.24, compared to CNY 1,140,174.21 in the same period last year, showing a growth of approximately 1,769%[52]. Cash Flow and Liquidity - The net cash flow from operating activities improved to -¥52,677,735.48, a 70.16% improvement from -¥176,536,649.50 in the previous year[9]. - Cash and cash equivalents decreased by 44.71% to 136.83 million yuan due to cash payments for purchasing minority equity interests[19]. - The company's cash flow from operating activities showed a net outflow of CNY 52,677,735.48, an improvement from a net outflow of CNY 176,536,649.50 in the previous year[59]. - The company reported a total cash inflow from operating activities of 228,047,142.35 yuan, up from 94,000,425.73 yuan in the previous period, representing an increase of approximately 143%[61]. - The company reported a decrease in cash and cash equivalents to CNY 49,981,456.35 from CNY 72,434,871.32, a decline of about 30.9%[47]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,522,213,400.00, a decrease of 6.02% from ¥1,619,800,774.75 at the end of the previous year[9]. - The company's total assets amounted to CNY 1,586,078,689.35, up from CNY 1,513,411,313.04 at the end of 2020[48]. - Total liabilities decreased to CNY 443,753,443.56 from CNY 488,895,169.46, representing a decline of about 9.2%[44]. - The total liabilities as of March 31, 2021, were CNY 584,623,610.40, compared to CNY 535,337,091.38 at the end of 2020, indicating an increase of approximately 9.2%[48]. - The company's total liabilities increased from 520,000,618.15 yuan to 488,895,169.46 yuan, reflecting a decrease in financial leverage[67]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,663[13]. - The largest shareholder, Shanghai Zhongchuang Lingxing Energy Technology Group Co., Ltd., held 19.96% of the shares, totaling 76,945,848 shares[13]. - The company has initiated a second employee stock ownership plan, transferring over 5 million shares to a dedicated account for employee benefits[33]. - The company has repurchased a total of 4,811,051 shares, accounting for 1.25% of its total share capital, with a total expenditure of approximately ¥29.49 million[34]. Business Development and Strategy - The company expanded its business by acquiring Jiangxi Naihua Environmental Technology Co., enhancing its hazardous waste disposal segment[22]. - The company is actively expanding into hazardous waste disposal through the acquisition of Jiangxi Naihwa project, enhancing its capabilities in this new field[28]. - The company aims to improve its financing capabilities by engaging with financial institutions and utilizing various financing tools to support business development[28]. - The company emphasizes innovation by developing market-driven technologies and products, focusing on integrated solutions to create greater value for customers[28]. - The company is enhancing its market development efforts in mature businesses like filtration materials and flue gas treatment, while exploring new application scenarios[28]. Research and Development - Research and development efforts are focused on improving core competitiveness in flue gas treatment and expanding applications of filtration materials[22]. - The company has successfully completed the first generation of reusable air purification filter products and is now developing the second generation[24]. - The company has made significant progress in revising standards for coal-fired power plant filter materials to meet stricter environmental regulations[25]. - Research and development expenses were CNY 2,689,287.25, slightly decreased from CNY 3,021,601.42, indicating a focus on cost management in R&D[54]. Risk Management and Internal Control - The company is focused on optimizing its internal control system to mitigate risks associated with rapid expansion and management challenges[29]. - The company has identified management risks due to rapid growth and plans to improve internal structures and processes to enhance management efficiency[30]. - The company has eliminated reliance on a single supplier, with no supplier accounting for more than 30% of total procurement, reducing supply chain risks[25]. Government Support and Subsidies - The company received government subsidies amounting to ¥2,082,523.19 during the reporting period[10].