中环环保(300692) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥179,890,867.24, representing a 76.27% increase compared to ¥102,056,734.12 in the same period last year[9] - Net profit attributable to shareholders for Q1 2021 was ¥32,102,743.27, a significant increase of 134.65% from ¥13,680,866.24 in the previous year[9] - The basic earnings per share for Q1 2021 was ¥0.14, up 75.00% from ¥0.08 in the same period last year[9] - The company achieved operating revenue of CNY 179.89 million in Q1 2021, a year-on-year increase of 76.27% driven by growth in engineering business and new projects in wastewater treatment and waste-to-energy operations[20] - The net profit attributable to shareholders reached CNY 32.10 million, representing a year-on-year growth of 134.65%[24] - Operating profit for Q1 2021 was CNY 38,130,287.40, representing a 113.5% increase from CNY 17,850,416.31 in the previous year[55] - Total operating revenue for Q1 2021 was CNY 53,894,696.07, an increase of 58.7% compared to CNY 33,957,953.59 in the same period last year[58] - Net profit for Q1 2021 reached CNY 33,826,556.21, up 134.5% from CNY 14,460,226.32 in Q1 2020[55] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,469,967,222.01, reflecting a 17.51% increase from ¥3,803,944,465.48 at the end of the previous year[9] - The total liabilities reached CNY 2,389,551,039.99, compared to CNY 1,795,929,182.78, which is an increase of about 33%[47] - Non-current assets totaled CNY 3,342,191,193.03, up from CNY 2,766,798,360.54, representing an increase of about 20.8%[48] - Current liabilities rose to CNY 1,017,553,101.23 from CNY 998,820,369.26, showing a slight increase of 0.7%[47] - Long-term borrowings increased significantly to CNY 794,844,870.63 from CNY 572,701,118.83, marking an increase of approximately 38.8%[47] - The equity attributable to shareholders of the parent company increased to CNY 1,845,348,615.21 from CNY 1,813,245,871.92, reflecting a growth of approximately 1.8%[48] Cash Flow - The net cash flow from operating activities improved to -¥32,686,600.70, a 62.36% improvement from -¥86,831,677.72 in the same period last year[9] - Total cash inflow from operating activities reached 247,363,280.93 CNY, while cash outflow was 280,049,881.63 CNY, resulting in a net cash flow deficit[63] - Cash flow from investment activities showed a net outflow of -258,933,139.44 CNY, significantly higher than -18,810,493.64 CNY in the previous period[64] - The net cash flow from financing activities was 250,714,920.09 CNY, a substantial increase from -7,194,846.08 CNY in the previous period[64] - The ending balance of cash and cash equivalents was 58,083,717.26 CNY, down from 66,429,522.98 CNY in the previous period[65] Shareholder Information - The top shareholder, Zhang Bozhong, holds 15.47% of the shares, totaling 34,508,123 shares[13] - The company has a total of 24,037 common shareholders at the end of the reporting period[13] Investment and R&D - Research and development expenses increased by 68.58% to CNY 5.03 million, reflecting higher investment in R&D initiatives[18] - The company has signed new energy-saving and environmental protection contracts worth CNY 107.16 million during the reporting period[21] - The company reported a significant increase in investment activity, with cash outflows for investment activities rising by 2361.73% to CNY 469.52 million[19] - The company made investments totaling 218,700,010.00 CNY, indicating a focus on growth and expansion despite cash flow challenges[64] Risk Management - The company is currently in a rapid expansion phase, which may lead to liquidity risks if not managed properly[25] - The average credit period for operational revenue is 3-4 months, with a risk of delayed collections despite a majority of clients being government entities[26] - The company emphasizes the importance of budget management and financial planning to ensure stable operating cash flow amidst project investments[29] - The company is committed to enhancing its management practices to mitigate risks associated with rapid growth and maintain steady development[30] - The company has not reported any environmental discharge exceedances during the reporting period, but risks remain due to external factors such as natural disasters[28] Fund Management - The total amount of raised funds is 54,355.66 million, with 3,912.14 million invested in the current quarter[36] - Cumulative investment from raised funds amounts to 42,059.84 million, with a utilization rate of 77.29%[36] - The company has not changed the use of raised funds, with no funds being redirected[36] - As of March 31, 2021, the company has unused raised funds totaling 12,445.15 million, with 12,371.42 million allocated for financial investments[37] - There are no significant changes in project feasibility or any major issues with the use of raised funds[36] Other Financial Metrics - The company's consolidated asset-liability ratio as of March 31, 2021, was 53.46%, indicating a significant reliance on debt financing for its operations[25] - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[39] - The company reported a credit impairment loss of CNY -1,992,702.90 for Q1 2021, compared to CNY -1,894,173.44 in Q1 2020[54] - Financial expenses for Q1 2021 were CNY 17,512,421.94, slightly up from CNY 16,742,950.25 in the previous year[54] - Tax expenses for Q1 2021 amounted to CNY 4,372,891.04, an increase from CNY 3,390,189.86 in Q1 2020[55] - Other income for Q1 2021 was CNY 1,766,559.73, down from CNY 2,679,627.30 in the same period last year[54]