巴安水务(300262) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥105,252,766.87, a decrease of 53.21% compared to ¥224,932,034.17 in the same period last year[9]. - The net profit attributable to shareholders was ¥323,560.12, down 98.29% from ¥18,910,980.26 year-on-year[9]. - The net profit after deducting non-recurring gains and losses was -¥1,431,050.80, a decline of 107.61% compared to ¥18,813,602.96 in the previous year[9]. - The net cash flow from operating activities was ¥16,191,074.94, representing a decrease of 31.50% from ¥23,635,812.98 in the same period last year[9]. - Basic earnings per share were ¥0.0005, down 98.23% from ¥0.0282 in the previous year[9]. - Total operating revenue for Q1 2021 was CNY 105,252,766.87, a decrease of 53.21% compared to the same period last year[20]. - The net profit for Q1 2021 was a loss of CNY 1,914,127.31, compared to a profit of CNY 14,068,456.69 in Q1 2020[59]. - The total comprehensive income for Q1 2021 was -¥744,866.84, compared to ¥5,478,660.76 in Q1 2020[64]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,318,976,687.01, an increase of 0.21% from ¥5,307,623,143.11 at the end of the previous year[9]. - The company's current assets decreased to CNY 1,140,634,564.49 from CNY 1,163,731,365.47 at the end of 2020, representing a decline of approximately 1.98%[48]. - The total liabilities increased to CNY 3,477,627,479.94 from CNY 3,460,338,990.54, indicating a rise of about 0.50%[50]. - The company's total equity as of March 31, 2021, was CNY 1,947,263,211.94, slightly down from CNY 1,948,033,594.56 at the end of 2020[55]. Cash Flow - The cash flow from operating activities for Q1 2021 was ¥16,191,074.94, a decrease of 31.5% from ¥23,635,812.98 in the same period last year[67]. - The cash flow from investing activities was -¥827,087.03, compared to -¥35,322,826.87 in Q1 2020, showing an improvement in cash outflow[68]. - The cash flow from financing activities resulted in a net outflow of -¥41,402,256.14, compared to a net inflow of ¥22,730,880.74 in the previous year[68]. - The total cash and cash equivalents at the end of Q1 2021 were ¥66,023,157.71, down from ¥305,521,390.11 at the end of Q1 2020[68]. Shareholder Information - The total number of shareholders at the end of the reporting period was 26,478[13]. - The company has signed a cooperation framework agreement for a potential change in control, involving the transfer of 9.91% of shares and the relinquishment of voting rights for 29.72% of shares[36]. Strategic Initiatives - The company plans to leverage government policies favoring the environmental protection industry to drive future growth[20]. - The company aims to enhance its market position by focusing on high-quality environmental products and technologies to address customer pain points[21]. - The company is actively pursuing external integration by seeking complementary acquisition targets in the industrial water treatment sector[21]. - The company is committed to continuous investment in R&D to develop high-quality products across various sectors, including municipal and environmental services[22]. Risks and Challenges - The company faces risks related to policy changes, market competition, customer concentration, and accounts receivable management[25][27][28][30]. - The company is facing management risks due to its expanding scale and complexity, necessitating improvements in governance and decision-making capabilities[31]. - The company is enhancing its overseas business strategy by adapting to local laws and strengthening financial controls to mitigate risks[32]. Supplier and Customer Concentration - The top five suppliers accounted for 62.27% of the total procurement amount, with the largest supplier contributing 24.39%[24]. - The top five customers represented 64.15% of total sales, with the largest customer accounting for 30.96%[24].