CECM(SZ:300385)2021-04-26 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥430,055,934.40, representing a 204.82% increase compared to ¥141,083,569.63 in the same period last year[8]. - The net profit attributable to shareholders was ¥23,233,304.97, a significant turnaround from a loss of ¥26,191,503.37 in the previous year, marking an increase of 188.71%[8]. - The net profit after deducting non-recurring gains and losses was ¥20,020,002.96, compared to a loss of ¥27,099,282.41 last year, reflecting a 173.88% improvement[8]. - The basic earnings per share increased to ¥0.0697 from a loss of ¥0.1258, showing a growth of 155.41%[8]. - The weighted average return on equity improved to 2.66%, up by 4.83% from -2.17% in the previous year[8]. - The company reported a total comprehensive income of CNY 29,184,100.78 for Q1 2021, reversing from a comprehensive loss of CNY 28,493,969.23 in Q1 2020[49]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,656,438,934.85, a decrease of 4.72% from ¥3,837,629,303.97 at the end of the previous year[8]. - The total amount of accounts receivable decreased by 65.89% to CNY 8,304,701.20, mainly due to the settlement of notes[17]. - Current assets decreased from CNY 2,464,155,811.12 to CNY 2,292,505,819.17, a decline of approximately 7%[39]. - Total liabilities decreased from CNY 2,835,187,440.83 to CNY 2,624,812,970.93, a reduction of approximately 7.4%[41]. - The company's retained earnings increased from CNY 79,054,760.98 to CNY 102,288,065.95, an increase of about 29.3%[41]. Cash Flow - The company reported a net cash flow from operating activities of -¥141,475,178.70, which is a 10.70% decline compared to -¥127,804,180.44 in the same period last year[8]. - The net cash flow from operating activities was -158,787,852.98 CNY, compared to -120,373,828.54 CNY in the previous period, indicating a decline of approximately 31.8%[56]. - Cash inflow from investment activities totaled 91,230,878.36 CNY, an increase from -15,110,608.56 CNY in the previous period, showing a significant turnaround[56]. - The total cash and cash equivalents at the end of the period were 97,221,574.96 CNY, compared to 94,842,750.95 CNY in the previous period, marking a slight increase of 2.9%[56]. Research and Development - Research and development expenses increased by 103.88% to CNY 14,807,160.97, driven by higher investment in R&D projects[17]. - The company is focusing on several key R&D projects, including high-efficiency SCR technology and new waste treatment methods, to enhance its competitive edge[19]. - The company established a new industrial development center to actively explore resource utilization-related businesses[23]. - The company obtained 1 new patent and initiated several R&D projects during the reporting period, while also passing the re-certification as a high-tech enterprise[23]. Market and Competition - The company faces risks from macroeconomic fluctuations, industry policy changes, intensified market competition, rising raw material prices, accounts receivable management, and financial risks from acquisitions[24][25][26][28][29][30]. - The company plans to enhance refined management and cost reduction efforts to adapt to market changes and improve core competitiveness[24][25]. - The company aims to strengthen its control and integration of acquired subsidiaries to achieve synergies and mutual benefits[30]. Shareholder Information - The total number of shareholders at the end of the reporting period was 17,468, with the largest shareholder, New Su Environmental Industry Group, holding 29.86% of the shares[11].