中电环保(300172) - 2021 Q1 - 季度财报

Financial Performance - Revenue for the first quarter reached ¥158,728,789.69, an increase of 11.71% compared to ¥142,086,520.06 in the same period last year[7] - Net profit attributable to shareholders was ¥21,209,123.22, reflecting an 8.86% increase from ¥19,482,895.03 year-on-year[7] - Basic earnings per share rose to ¥0.0403, up 6.05% from ¥0.0380 in the same quarter last year[7] - The total profit for Q1 2021 was 26.41 million yuan, reflecting a growth of 15.60% year-on-year[24] - The net profit attributable to shareholders for Q1 2021 was 21.21 million yuan, up 8.86% from the previous year[24] - Net profit for Q1 2021 reached CNY 21,976,666.39, representing a 10.3% increase from CNY 19,944,214.30 in Q1 2020[59] - Operating profit increased to CNY 20,692,846.95, compared to CNY 19,132,451.96 in the previous year, reflecting a growth of approximately 8.15%[63] Cash Flow and Assets - The net cash flow from operating activities improved significantly to ¥2,719,600.48, a turnaround from a negative cash flow of ¥53,201,735.93 in the previous year, marking a 105.11% increase[7] - The company's current assets totaled CNY 1,554,254,589.25, slightly down from CNY 1,559,699,850.39 at the end of 2020, indicating a decrease of about 0.35%[49] - The cash and cash equivalents decreased to CNY 99,476,409.73 from CNY 136,965,123.69, representing a decline of approximately 27.4%[48] - The company reported a significant increase in cash inflow from operating activities, totaling CNY 172,434,455.89, compared to CNY 134,726,679.68 in the previous year[67] - The net cash flow from financing activities was 9,141,420.51 CNY, compared to 74,632,470.83 CNY in the previous period[71] - The net increase in cash and cash equivalents for Q1 2021 was -26,213,054.17 CNY, indicating a decrease in liquidity[71] Shareholder Information - The total number of shareholders at the end of the reporting period was 38,729[11] - The top shareholder, Wang Zhengfu, holds 28.21% of the shares, amounting to 146,912,004 shares[11] - The company has a structured approach to managing its commitments and obligations to shareholders and stakeholders[42] Contracts and Revenue Recognition - The company secured new contracts worth 58 million yuan during the reporting period, primarily from the water industry[25] - The total amount of contracts not yet recognized as revenue at the end of the period was 2.841 billion yuan, with 963 million yuan from water services and 1.839 billion yuan from solid waste treatment[25] - The company reported a total of 103.42 million yuan in unconfirmed revenue orders at the end of the reporting period[28] Operational Management and Strategy - The company plans to accelerate market expansion and improve operational management to enhance performance in the ecological environment industry[23] - The company is actively managing risks associated with accounts receivable to ensure cash flow stability despite the growing balance[39] - The company is focused on improving its operational efficiency and cost control capabilities in response to market pressures[38] - The company is closely monitoring the impact of the COVID-19 pandemic on its operations and is prepared to adjust its management strategies accordingly[34] Research and Development - The company obtained 3 new authorized patents during the reporting period through independent research and development[25] - The company reported an increase in research and development expenses to CNY 6,247,396.25, up from CNY 5,296,800.81 in Q1 2020[58] Market and Competition - The company is actively addressing market competition risks by leveraging its technological and brand advantages, and by collaborating with government and industry funds to consolidate resources[35] - The company anticipates continued growth in the environmental protection industry, driven by national policies and increased demand for public ecological services due to heightened awareness of public health safety[34] Financial Health and Liabilities - Total assets at the end of the reporting period were ¥2,655,408,849.28, a decrease of 0.68% from ¥2,673,520,663.83 at the end of the previous year[7] - The total liabilities decreased to CNY 932,317,578.50 from CNY 972,804,716.72, showing a decline of approximately 4.15%[51] - The company's equity attributable to shareholders increased to CNY 1,662,619,503.74 from CNY 1,641,011,723.24, reflecting an increase of about 1.32%[52] Supplier and Customer Dynamics - The company’s top five suppliers saw changes, with four out of five suppliers changing, but the overall procurement ratio remained reasonable, indicating no significant reliance on a few suppliers[32] - The total revenue from the top five customers was 98.62 million yuan, accounting for 62.13% of the company's total revenue, with four out of five customers changing, maintaining a reasonable sales ratio[33]