节能环境(300140) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥221,749,354.14, a decrease of 47.77% compared to the same period last year[3]. - The net profit attributable to shareholders was -¥37,264,721.63, representing a decline of 1,111.79% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥74,633,923.85, a decrease of 4,424.01% compared to the previous year[3]. - The company reported a net loss of ¥138,460,571.90, an increase in loss of 35.46% compared to a loss of ¥102,213,466.64 in the previous period[14]. - The company reported a net profit attributable to shareholders of the parent company of -50.43 million yuan, reflecting a significant change due to the adjustment in accounting treatment for the subsidiary Qiyuan Darong[17]. - The total operating cost for Q1 2021 was approximately CNY 410.07 million, a significant increase from CNY 246.76 million in the same period last year, representing a growth of 66.1%[42]. - The total comprehensive income for the first quarter was -28,916,378.05 CNY, compared to -20,911,956.07 CNY in the previous year, indicating a decline[47]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥181,262,106.49, a significant improvement from -¥440,561,512.06 in the same period last year[3]. - Cash inflow from operating activities totaled 788,852,660.66 CNY, significantly up from 335,060,690.89 CNY in the previous year, reflecting a strong operational performance[48]. - Cash outflow from operating activities was 607,590,554.17 CNY, down from 775,622,202.95 CNY, leading to a net cash flow from operating activities of 181,262,106.49 CNY, a recovery from -440,561,512.06 CNY last year[49]. - The ending cash and cash equivalents balance was 823,746,486.22 CNY, up from 439,241,562.37 CNY year-over-year, showing improved liquidity[50]. - The company reported a significant increase in cash received from other operating activities, totaling 442,576,257.50 CNY, compared to 15,612,621.24 CNY in the previous year[48]. - The company disposed of subsidiaries and other business units, resulting in cash inflow of 633,033,500.00 CNY, contributing to the strong cash flow from investing activities[52]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,858,421,629.22, down 33.71% from the end of the previous year[3]. - The total liabilities amounted to CNY 1,961,335,174.11, down from CNY 3,936,829,613.55 year-over-year[37]. - Short-term borrowings were reported at CNY 820.81 million, down from CNY 1.19 billion, indicating a reduction of 30.9%[35]. - The total current liabilities were CNY 1,508,964,912.67, a decrease from CNY 3,249,218,286.90 in the previous year[36]. - The total current assets amounted to CNY 2.83 billion, down from CNY 4.44 billion, representing a decline of 36.2%[34]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 28,177[6]. - The largest shareholder, China Energy Conservation and Environmental Protection Group, held 22.97% of the shares[6]. - The net assets attributable to shareholders increased by 3.13% to ¥1,767,099,633.73 compared to the end of the previous year[3]. Investments and Subsidiaries - The company plans to transfer 100% equity of its wholly-owned subsidiary Beijing Fusion Environmental Protection Co., Ltd. for a price of RMB 633.0335 million and related debts for RMB 429.89523054 million[22]. - The company recognized an investment income of 35.46 million yuan from the transfer of the subsidiary Fusion Environmental's equity and related debts, positively impacting the quarterly performance[16]. - Long-term equity investments increased by 35.35% to ¥33,548,268.68 from ¥24,786,412.37, reflecting changes in accounting treatment for the subsidiary Qiyuan Darong[12]. Operational Strategy - The company plans to continue focusing on strategic disposals and restructuring to enhance operational efficiency and financial performance[12]. - The company’s main business has shifted to focus on energy-saving environmental equipment and electrical equipment, following the transfer of Fusion Environmental and its subsidiaries[17]. - The company aims to enhance business quality and expand market share through mergers and acquisitions in the energy-saving equipment sector, while focusing on "smart manufacturing" in the electrical equipment sector[21]. Research and Development - Research and development expenses decreased to CNY 16.23 million in Q1 2021 from CNY 20.90 million in Q1 2020, a reduction of 22.5%[42]. Compliance and Governance - The company has resolved previous violations regarding guarantees, with a total repayment of RMB 168 million made to Zhejiang Zhongda Yuantong Financing Leasing Co., Ltd. on January 29, 2021[22]. - The company has no overdue commitments from actual controllers, shareholders, or related parties during the reporting period[23]. - The company has no outstanding issues regarding the use of raised funds or any non-operating fund occupation by major shareholders during the reporting period[31]. - The company has no violations related to external guarantees during the reporting period[31].