惠城环保(300779) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥67,845,131.02, a decrease of 9.23% compared to ¥74,744,470.89 in the same period last year[8]. - Net profit attributable to shareholders was ¥4,335,419.53, representing a significant increase of 186.58% from ¥1,512,827.05 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was ¥3,161,856.66, up 162.61% from ¥1,204,002.88 in the previous year[8]. - The basic earnings per share rose to ¥0.04, doubling from ¥0.02 in the same period last year[8]. - The total operating revenue for the current period is ¥64,420,534.40, a decrease of 10.5% compared to ¥71,945,527.65 in the previous period[88]. - The net profit for the current period is ¥7,237,393.34, an increase of 67.5% from ¥4,313,823.83 in the previous period[91]. - The total comprehensive income for the current period is ¥4,525,265.24, compared to ¥1,763,917.07 in the previous period[87]. Assets and Liabilities - The company's total assets increased by 12.78% to ¥1,085,538,150.97 from ¥962,485,059.01 at the end of the previous year[8]. - The total amount of raised funds is 298.21 million CNY, with 50.92% of the funds having been allocated to different purposes[42]. - The total liabilities increased to CNY 415,052,517.44 from CNY 296,524,690.72, marking an increase of about 40.1%[65]. - The company's equity attributable to shareholders reached CNY 670,485,633.53, up from CNY 665,960,368.29, reflecting a growth of approximately 0.4%[68]. - The company's current assets totaled CNY 438,597,823.80, up from CNY 324,541,112.99, indicating a significant increase of about 35.2%[59]. Cash Flow - The net cash flow from operating activities was -¥19,109,412.10, an improvement of 5.70% compared to -¥20,264,002.14 in the previous year[8]. - The cash inflow from operating activities totaled ¥37,815,650.25, down from ¥54,874,509.26 in the previous period[99]. - The net cash flow from financing activities was 150,152,882.24 CNY, compared to a negative cash flow of -20,636,323.49 CNY in the previous period[101]. - The cash outflow from operating activities was 48,757,163.71 CNY, reduced from 68,926,220.24 CNY, indicating a decrease of about 29.2%[102]. Shareholder Information - The total number of shareholders at the end of the reporting period was 10,806, with the top ten shareholders holding significant stakes[12]. - Zhang Xinguo, a major shareholder, holds 17.06% of the shares, amounting to 17,060,250 shares[12]. Government Support and Subsidies - The company received government subsidies amounting to ¥1,088,255.71 during the reporting period, primarily for project funding[8]. Strategic Initiatives - The company plans to focus on expanding its market presence internationally, particularly targeting high-quality clients such as Sinopec and China National Petroleum[27]. - The company is focusing on the development of new technologies for waste catalyst resource utilization, including industrial waste sulfuric acid recycling technology and high-sulfur petroleum coke hydrogen production technology[29]. - The company is enhancing its management and talent development systems to match its expanding scale and operational needs[33]. Risks and Challenges - The company is facing risks from international trade frictions, particularly between China and the U.S., which may impact international customer demand[28]. Investment and Projects - The company signed an acquisition agreement to purchase 100% equity of Qingdao Hengyuan Chemical Co., Ltd. from Yangquan Coal Chemical Group for cash[35]. - The company is expanding its project construction, including a 30,000 tons/year FCC catalyst solid waste regeneration project and a 40,000 tons/year FCC catalyst new materials project[34]. - The cumulative investment in the 10,000 tons/year industrial solid waste treatment and resource utilization project is 96.64 million CNY, with 34.80 million CNY sourced from raised funds[45].