清水源(300437) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥332,879,279.21, representing a 22.68% increase compared to ¥271,333,931.78 in the same period last year[7] - The net profit attributable to shareholders decreased by 83.03% to ¥3,440,571.91 from ¥20,278,319.96 year-on-year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 84.03% to ¥3,265,354.82 from ¥20,441,811.22 in the previous year[7] - Basic earnings per share decreased by 83.21% to ¥0.0156 from ¥0.0929 year-on-year[7] - Net profit for the period was 5.29 million yuan, a decrease of 79.31% year-on-year, primarily due to rising raw material prices and increased shipping costs[18] - Net profit for Q1 2021 was CNY 5,289,306.35, a decrease from CNY 25,566,054.52 in the same period last year[50] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly, reaching ¥44,168,951.46, compared to a negative cash flow of ¥23,338,101.86 in the same period last year, marking a 289.26% increase[7] - Cash received from tax refunds increased by 210.80% to 12.01 million yuan, due to changes in export tax rebate rates[1] - The company's cash outflow for purchasing goods and services rose by 45.25% to 293.45 million yuan, driven by increased raw material prices[1] - The company's cash and cash equivalents were CNY 521,298,133.83 as of March 31, 2021, slightly down from CNY 529,148,880.31 at the end of 2020, a decrease of about 1.61%[40] - The total cash and cash equivalents at the end of the period were CNY 214,524,611.83, down from CNY 262,944,228.48 at the beginning of the period[59] Assets and Liabilities - Total assets at the end of the reporting period increased by 3.95% to ¥4,560,992,346.25 from ¥4,387,774,793.05 at the end of the previous year[7] - The company's total liabilities reached CNY 3,065,226,409.66, compared to CNY 2,896,708,704.35 at the end of 2020, representing a rise of approximately 5.84%[42] - The company's current assets totaled CNY 2,596,911,671.52, up from CNY 2,415,739,298.71 at the end of 2020, indicating an increase of about 7.51%[40] - The company reported a significant increase in contract assets, which rose to CNY 888,119,529.88 from CNY 750,126,994.03, marking an increase of about 18.43%[40] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,096[10] - The largest shareholder, Wang Zhiqing, holds 43.06% of the shares, totaling 95,270,000 shares[10] - As of March 31, 2021, the company has repurchased 290,700 shares, accounting for 0.131% of the total share capital, with a total payment of RMB 2,413,974[30] Research and Development - Research and development expenses increased by 87.69% to 7.75 million yuan, reflecting higher investment in R&D compared to the previous period[1] - Research and development expenses for the quarter were CNY 287,261.10, slightly lower than CNY 350,244.28 in the previous period[53] Regulatory and Risk Management - The company has received a warning letter from the China Securities Regulatory Commission, indicating regulatory scrutiny[28] - The company faces risks from international trade protectionism, which could adversely affect export business and international market expansion[23] - The company is actively managing accounts receivable to mitigate cash flow risks, especially in the context of expanding into environmental governance[27] - The company is closely monitoring foreign exchange trends to mitigate the impact of RMB fluctuations against the USD on export profitability[24] - The company is enhancing internal management and talent retention to address management risks associated with business diversification[26] Investment and Projects - The company secured a major PPP project in Henan Province with a total investment of 1.92 billion yuan, with a cooperation period of 30 years[19] - The company has invested a total of RMB 48,044.68 million in fundraising projects, with 54.84% of the annual production expansion project completed[32] - The company has entered trial production for the annual production expansion project of 180,000 tons of water treatment agents[28] Financial Expenses - The company’s financial expenses increased by 31.71% to 20.66 million yuan, mainly due to higher one-time payment fees for letters of credit[1] - The company incurred a financial expense of CNY 4,999,402.40, which included interest expenses of CNY 4,728,998.12[53]