惠城环保(300779) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥241,061,638.28, representing a 369.61% increase compared to ¥51,331,924.55 in the same period last year[4] - Net profit attributable to shareholders for Q1 2023 was ¥36,142,617.27, a significant increase of 759.08% from a loss of ¥5,483,792.05 in the previous year[4] - The net profit after deducting non-recurring gains and losses was ¥35,177,877.88, up 575.95% from a loss of ¥7,391,083.68 in the same period last year[4] - Basic earnings per share for Q1 2023 were ¥0.35, an increase of 800.00% from a loss of ¥0.05 per share in the same period last year[4] - Diluted earnings per share were ¥0.32, reflecting a 740.00% increase from a loss of ¥0.05 per share in the previous year[4] - The weighted average return on equity was 4.49%, up 5.25 percentage points from -0.76% in the same period last year[4] - The gross profit margin for Q1 2023 was approximately 21.5%, compared to a negative margin in Q1 2022[20] Cash Flow and Liquidity - The net cash flow from operating activities was ¥5,445,809.03, a turnaround of 115.49% from a negative cash flow of ¥35,160,812.94 in the previous year[4] - Total cash inflow from operating activities was ¥248,206,805.70, while cash outflow was ¥242,760,996.67, resulting in a net increase of ¥5,445,809.03[24] - Cash inflow from financing activities totaled ¥385,510,001.81, with cash outflow amounting to ¥243,067,063.69, leading to a net cash flow of ¥142,442,938.12[25] - Cash and cash equivalents increased to ¥165,611,626.66 from ¥135,587,729.01 at the beginning of the year, representing a growth of 22.4%[17] - Cash and cash equivalents at the end of Q1 2023 stood at ¥141,234,494.50, an increase from ¥109,386,025.66 at the beginning of the quarter[25] - The company reported cash inflow from other operating activities of ¥81,929,786.62, a significant increase from ¥7,261,533.95 in Q1 2022[24] - The total cash outflow for investment activities was ¥115,352,082.46, compared to ¥222,889,751.35 in the previous year, indicating a reduction in investment spending[24] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥2,811,357,280.79, a 9.84% increase from ¥2,559,505,091.68 at the end of the previous year[4] - Total liabilities increased to CNY 1,943,939,876.13 in Q1 2023 from CNY 1,795,298,070.71 in Q1 2022, reflecting a growth of about 8.2%[22] - Shareholders' equity attributable to the parent company was ¥847,075,636.07, an increase of 11.14% from ¥762,162,366.84 at the end of the previous year[4] - The total equity attributable to shareholders of the parent company rose to CNY 847,075,636.07 from CNY 762,162,366.84, marking an increase of approximately 11.1%[22] Shareholder Information - The total number of common shareholders at the end of the reporting period is 6,327[11] - Zhang Xinguang holds 16.08% of shares, totaling 17,060,250 shares, with 12,795,187 shares under lock-up[11] - The total number of shares held by the top ten unrestricted shareholders includes 10,828,500 shares held by Qingdao Huicheng Xinde Investment Co., Ltd.[11] Project Developments - The significant increase in revenue and profit was attributed to the completion and operation of new projects, which boosted service and product sales[8] - The company has launched a new 40,000 tons/year FCC catalyst project, which commenced production in February 2023[15] - A new project for the recycling and utilization of solid waste from FCC catalysts is currently in trial production, enhancing waste catalyst disposal capacity[15] - The company has developed a high-sulfur petroleum coke hydrogen ash comprehensive utilization project, which is the first of its kind in China[15] Research and Development - Research and development expenses for Q1 2023 were CNY 4,923,907.26, up from CNY 3,485,687.96 in the previous year, indicating a growth of about 41.3%[20] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[22]