科顺股份(300737) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 reached ¥1,461,287,655.52, representing an increase of 80.57% compared to the same period last year[9]. - Net profit attributable to shareholders was ¥165,481,606.80, a significant increase of 463.19% year-on-year[9]. - The basic earnings per share rose to ¥0.27, reflecting a growth of 440.00% compared to the previous year[9]. - The company reported a net profit excluding non-recurring gains and losses of ¥159,416,645.51, which is a 235.39% increase year-on-year[9]. - The company's operating profit for the current period is ¥198,503,025.35, a significant increase from ¥34,584,563.89 in the previous period, representing a growth of approximately 474%[81]. - The net profit for the current period is ¥165,481,606.80, compared to ¥29,382,913.67 in the previous period, indicating an increase of about 463%[81]. - Total revenue for the current period is ¥1,073,028,840.75, compared to ¥555,432,236.17 in the previous period, marking an increase of approximately 93%[85]. - The total comprehensive income for the current period is ¥172,922,555.53, compared to ¥30,926,490.35 in the previous period, showing an increase of approximately 460%[81]. Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥8,718,658,968.66, marking a 7.00% increase from the end of the previous year[9]. - Current assets totaled ¥6,556,942,960.36, up from ¥6,090,253,621.71, indicating an increase of about 7.66%[58]. - The company's equity attributable to shareholders reached ¥4,559,268,561.31, up from ¥4,152,488,797.20, reflecting an increase of around 9.8%[67]. - Total liabilities increased to ¥4,159,390,407.35 from ¥3,995,896,676.23, marking a growth of approximately 4.1%[64]. - The company's total assets as of March 31, 2021, were ¥7,604,005,646.01, a decrease from ¥7,788,309,406.77 at the end of 2020[74]. - Total liabilities decreased to ¥3,669,107,886.67 as of March 31, 2021, down from ¥4,175,983,159.10 at the end of 2020, indicating a reduction of approximately 12.2%[74]. - Owner's equity increased to ¥3,934,897,759.34 as of March 31, 2021, compared to ¥3,612,326,247.67 at the end of 2020, reflecting an increase of about 8.9%[74]. Cash Flow - The net cash flow from operating activities was negative at ¥-273,401,680.98, a slight decline of 4.72% compared to the same period last year[9]. - Cash flow from operating activities for the current period is ¥1,405,140,879.08, compared to ¥891,543,117.61 in the previous period, indicating an increase of about 57%[88]. - Cash inflow from investment activities was CNY 321,554,876.66, significantly higher than CNY 100,653,703.07 in the last period, marking a 219.5% increase[91]. - Total cash inflow from financing activities was CNY 467,109,423.33, down from CNY 530,106,165.13 in the prior period, a decrease of 11.9%[94]. - The ending cash and cash equivalents balance was CNY 1,230,918,320.44, compared to CNY 828,185,877.59 at the end of the previous period, an increase of 48.5%[94]. Shareholder Information - The top shareholder, Chen Weizhong, holds 27.83% of the shares, with a total of 176,811,368 shares[13]. - The total number of shareholders at the end of the reporting period was 29,824[13]. Operational Highlights - The increase in sales revenue was driven by strong market demand and improved production capacity from new projects in Jingmen and Weinan[25]. - The gross profit margin saw an increase due to a significant rise in production and sales volume, despite changes in accounting for transportation costs[26]. - The company plans to acquire 100% of Fengze Co., leveraging its resources to expand into infrastructure markets[33]. - A winter storage plan for asphalt was implemented to enhance the company's stability against raw material price fluctuations[35]. - The company aims to mitigate risks from the real estate sector by diversifying its customer base and enhancing its presence in infrastructure construction[36]. - The company is closely monitoring raw material price trends and plans to use hedging strategies to manage price volatility risks[39]. Risk Management - The company's accounts receivable increased in line with revenue growth, posing a risk of collection delays or bad debts due to potential financial deterioration of major clients, primarily large state-owned enterprises and well-known real estate companies[40]. - The company has implemented measures to mitigate risks associated with accounts receivable, including adjusting sales strategies and enhancing credit risk management[40]. - The company has no overdue commitments from actual controllers, shareholders, related parties, or acquirers during the reporting period[42]. - The company has no violations regarding external guarantees during the reporting period[49]. - The company has no non-operating occupation of funds by controlling shareholders or related parties during the reporting period[50].