兴源环境(300266) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was ¥375,940,576.28, representing a 59.60% increase compared to ¥235,558,238.48 in the same period last year[8] - The net profit attributable to shareholders was a loss of ¥23,783,551.15, an improvement of 36.51% from a loss of ¥37,460,132.18 in the previous year[8] - The company reported a net loss attributable to shareholders of 24.11 million yuan, a decrease in loss of 38.71% year-on-year[16] - The net loss for Q1 2021 was CNY 22,667,001.46, an improvement from a net loss of CNY 37,276,805.55 in the same period last year[39] - The total comprehensive income for Q1 2021 was -19,560,154.14 CNY, compared to -17,750,941.41 CNY in the same period last year[44] Cash Flow - The net cash flow from operating activities was a negative ¥75,100,853.85, which is a 39.53% increase in cash outflow compared to a negative ¥53,825,633.25 in the same period last year[8] - The company experienced a cash outflow of 649,982,086.47 CNY in operating activities, which was higher than the previous year's outflow of 567,664,759.86 CNY[47] - The cash outflow for investment activities was 312,032,854.18 CNY, a decrease from 397,254,484.80 CNY year-over-year[47] - The company's cash inflow from investment activities was significantly lower than the cash outflow, highlighting a need for improved investment management strategies[51] Assets and Liabilities - Total assets at the end of the reporting period were ¥11,131,461,113.44, a decrease of 1.83% from ¥11,338,664,370.07 at the end of the previous year[8] - The company's current assets totaled CNY 3,828,351,689.15, down from CNY 4,091,353,933.80 at the end of 2020, indicating a decrease of about 6.43%[29][32] - Total liabilities decreased to CNY 8,953,643,026.56 from CNY 9,122,434,579.71, reflecting a decrease of approximately 1.85%[31][32] - The total current liabilities were 5,885,194,699.97 CNY, reflecting the company's short-term financial obligations[55] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 32,486[11] - The largest shareholder, New Hope Investment Group Co., Ltd., holds 23.43% of the shares, totaling 369,205,729 shares[11] - The equity attributable to shareholders was CNY 2,030,799,323.28, a decrease from CNY 2,066,957,490.58[35] Operational Highlights - The company's operating revenue for the reporting period reached 375.94 million yuan, a year-on-year increase of 59.60% due to the growth in agricultural rural ecological projects and strong sales of filter presses[16] - The company plans to enhance its agricultural rural ecological business and develop new agricultural equipment with a focus on smart and digital solutions[17] - The company aims to upgrade its filter press products and promote the mass production of kitchen waste processors to create new profit growth points[17] Risks and Challenges - The company is facing risks related to policy changes, tight cash flow, slow transformation, and intensified market competition, and is taking measures to mitigate these risks[20] - The company’s investment income showed a loss of 1.20 million yuan, an increase in loss of 46.77% due to increased losses from joint ventures[15] Other Financial Metrics - The weighted average return on equity was -1.25%, an improvement from -1.51% in the previous year[8] - Research and development expenses for the quarter were CNY 19,489,311.86, up from CNY 15,317,943.73 in the previous year[38] - The company reported a decrease in short-term borrowings to CNY 941,359,281.19 from CNY 1,091,613,509.01[35]