海新能科(300072) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was ¥1,300,214,788.33, representing a 26.65% increase compared to ¥1,026,635,611.10 in the same period last year[11] - The net profit attributable to shareholders was ¥13,016,948.93, a significant recovery from a loss of ¥81,716,828.41, marking a 115.93% improvement[11] - The net cash flow from operating activities was ¥351,203,794.41, a turnaround from a negative cash flow of ¥472,034,862.66, reflecting a 174.40% increase[11] - The basic earnings per share were ¥0.0055, compared to a loss of ¥0.0348 per share in the previous year, indicating a 115.80% improvement[11] - The company reported a net profit of CNY 3,970,359,262.78, slightly up from CNY 3,957,342,313.85, indicating a stable performance[77] - The company’s operating revenue for the current period was approximately ¥110.14 million, compared to ¥76.46 million in the previous period, representing an increase of 44.1%[94] - The net profit for the current period was approximately ¥28.28 million, compared to a net loss of ¥115.67 million in the previous period, showing a significant turnaround[90] - The company reported a profit before tax of approximately ¥39.51 million, compared to a loss of ¥117.48 million in the previous period, marking a substantial improvement[90] Assets and Liabilities - Total assets at the end of the reporting period were ¥18,553,042,265.14, a decrease of 1.78% from ¥18,889,296,831.40 at the end of the previous year[11] - Total liabilities amounted to CNY 8,743,406,748.54, a decrease of 4.1% from CNY 9,115,858,348.46[74] - Total equity reached CNY 9,809,635,516.60, an increase from CNY 9,773,438,482.94[77] - Current assets totaled CNY 7,529,885,159.91, up from CNY 6,565,604,051.46, reflecting a growth of 14.7%[78] - The total assets amounted to CNY 10,839,053,415.43, up from CNY 10,515,628,385.90, indicating a growth of 3.1%[81] - The company's total equity as of January 1, 2021, was CNY 9,771,343,733.99, reflecting a minor adjustment[116] Cash Flow - Cash received from operating activities increased by 259.62% to ¥251,591,093.27 due to an increase in performance guarantee deposits received[27] - The company achieved a net cash inflow of ¥304,137,593.75 from the disposal of subsidiaries, marking a 100% increase[27] - Cash inflow from operating activities totaled 1,924,212,567.38, compared to 1,526,105,184.48 in the previous period[105] - Cash outflow from operating activities was 1,573,008,772.97, resulting in a net cash flow from operating activities of 351,203,794.41, compared to -472,034,862.66 in the previous period[105] - Cash inflow from financing activities increased by 9,968.34% to ¥1,138,119,567.18 due to increased financial support from Haidian Guotou[30] Shareholder Information - The top shareholder, Beijing Haidian Technology Development Co., Ltd., holds 29.48% of the shares, with a total of 692,632,562 shares[15] - The company has a total of 46,396 common shareholders at the end of the reporting period[15] - The company reported a significant increase in the number of restricted shares, with a total of 210,816,572 shares under lock-up agreements[21] - The company did not engage in any repurchase transactions for its top 10 ordinary shareholders during the reporting period[19] Research and Development - The company's development expenditures rose by 30.53% to RMB 223,678,479.33, attributed to increased investment in R&D projects during the reporting period[24] - R&D expenses grew by 30.22% to RMB 60,543,856.78, reflecting the company's commitment to enhancing its research and development efforts[24] - Research and development expenses increased to approximately ¥60.54 million from ¥46.49 million, reflecting a growth of 30.2%[1] Market and Business Strategy - The company is actively developing new products and expanding into domestic markets to establish a unique bioenergy industry in China[43] - The company is focusing on optimizing production conditions and increasing load for the bioenergy project, which is still in its early development stage[38] - The company has established a supply chain system to mitigate risks associated with a single market and is focused on optimizing production technology to maintain competitive production costs[43] - The company aims to reduce reliance on single projects and industries by optimizing project cycles and expanding business areas[43] Compliance and Standards - The company has not utilized any of the raised funds for supplementary working capital, achieving a 100% investment progress on committed projects[58] - The implementation of the new leasing standards resulted in a lease liability of CNY 54,986,071.50 recognized on the balance sheet[116] - The company has adjusted its financial statements in accordance with the new leasing standards effective from January 1, 2021[119] Other Financial Metrics - Financial expenses decreased by 68.34% to ¥22,450,833.41 due to reduced interest expenses from financial institutions[27] - Investment income surged by 20,162.76% to ¥59,190,733.81 primarily from the transfer of wholly-owned subsidiaries[27] - The company recognized lease liabilities of RMB 52,916,027.30, following the implementation of new leasing standards[24]