Financial Performance - The company's revenue for Q1 2021 was CNY 663,402,652.98, representing a 27.35% increase compared to CNY 520,943,916.96 in the same period last year[8]. - Net profit attributable to shareholders was CNY 55,501,699.38, up 16.83% from CNY 47,504,998.11 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was CNY 49,295,243.97, reflecting a 12.80% increase from CNY 43,699,595.04 in the previous year[8]. - The total profit reached CNY 63,768,182.28, reflecting a growth of 13.51% year-over-year[19]. - The net profit for Q1 2021 reached CNY 55,480,645.43, representing a 22.2% increase from CNY 45,401,746.94 in Q1 2020[49]. - The total comprehensive income for Q1 2021 was CNY 55,480,645.43, compared to CNY 45,401,746.94 in the same quarter last year, reflecting a growth of 22.2%[50]. Cash Flow - The net cash flow from operating activities was negative at CNY -142,287,722.28, worsening by 177.27% compared to CNY -51,317,815.41 in the same period last year[8]. - The total cash inflow from operating activities was CNY 546,497,084.59, an increase from CNY 494,905,353.04 in the previous period, representing a growth of approximately 10.3%[56]. - Cash outflow for purchasing goods and services was CNY 484,788,074.37, up from CNY 329,505,176.40, indicating a significant increase of about 47.2%[56]. - The net cash flow from operating activities for the parent company was -CNY 186,166,144.85, worsening from -CNY 31,551,208.90 in the prior period[59]. - Cash inflow from investment activities totaled CNY 143,209,408.12, a substantial increase from CNY 6,531,900.92, marking a growth of over 2,000%[56]. - The net cash flow from investment activities was -CNY 41,354,074.44, an improvement from -CNY 102,775,556.93 in the previous period[56]. - Cash inflow from financing activities was CNY 447,615,345.00, slightly down from CNY 462,564,555.90[57]. - The net cash flow from financing activities improved to CNY 181,748,869.03 from CNY 53,366,314.82[57]. - The ending cash and cash equivalents balance was CNY 578,851,959.99, compared to CNY 501,577,950.46 in the previous period, reflecting an increase of approximately 15.4%[57]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 9,976,608,434.14, a 1.67% increase from CNY 9,813,021,924.24 at the end of the previous year[8]. - As of March 31, 2021, the company's total current assets amounted to approximately CNY 5.69 billion, an increase from CNY 5.50 billion as of December 31, 2020, reflecting a growth of about 3.5%[39]. - Accounts receivable rose to approximately CNY 1.92 billion, up from CNY 1.75 billion, indicating an increase of around 9.5%[39]. - Current liabilities totaled CNY 3,551,838,669.95, slightly down from CNY 3,597,099,597.96, indicating improved management of short-term obligations[41]. - Non-current liabilities rose to CNY 1,957,471,470.10 from CNY 1,806,608,044.69, suggesting increased long-term financing[41]. - Owner's equity increased to CNY 4,467,298,294.09 from CNY 4,409,314,281.59, reflecting a strengthening of the company's financial position[42]. Investments and Projects - The company reported a significant increase of 87.9% in prepaid accounts, amounting to CNY 141,902,386.99, due to investments in the construction of an industrial research institute and an environmental intelligent cloud platform[16]. - The company has completed 100% of its commitments for several projects, including the Tonglu County sewage treatment project and the Wenling City leachate treatment plant expansion[28]. - The investment in Hanfeng Technology totaled CNY 35,000 million, with a cumulative investment of CNY 30,257 million realized by the end of the reporting period[28]. - The company is actively pursuing market expansion through various environmental projects, including the construction of new waste treatment facilities[29]. - The company has committed to various projects, including the construction of an environmental intelligent cloud platform with an investment of CNY 6.35 billion, expected to be completed by the end of 2022[31]. - The marketing service network and exhibition center construction project has an investment of approximately CNY 4.78 billion, with a completion target set for December 31, 2023[31]. Financial Management and Strategy - Financial expenses increased by 34.28% to CNY 23,283,471.61, primarily due to the accrual of convertible bond interest expenses[16]. - The company is actively managing risks related to high accounts receivable balances, aiming to improve cash flow and minimize bad debt losses[24][25]. - The company plans to enhance its competitive edge by focusing on technological innovation and strengthening partnerships with large state-owned enterprises[22]. - The company plans to repay part of its bank loans and bonds, ensuring financial stability and supporting ongoing projects[29]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[46]. - The company is focusing on enhancing its product offerings and exploring potential mergers and acquisitions to strengthen its competitive position[46].
维尔利(300190) - 2021 Q1 - 季度财报