华友钴业关于召开 2022 年度业绩暨现金分红说明会的公告 | | 华友钴业关于召开 2022 | 年度业绩暨现金分红说明会的公告 | | --- | --- | --- | | 股票代码：603799 | 股票简称：华友钴业 | 公告编号：2023-049 | | 转债代码：113641 | 转债简称：华友转债 | | 浙江华友钴业股份有限公司 关于召开2022年度业绩暨现金分红说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 浙江华友钴业股份有限公司（以下简称"公司"）将于 2023 年 4 月 28 日发布公 司 2022 年度报告，为便于广大投资者更全面深入地了解公司 2022 年度经营成果、 财务状况，公司计划于 2023 年 5 月 8 日下午 15:00-16:30 举行 2022 年度业绩暨现 金分红说明会，就投资者关心的问题进行交流。 一、说明会类型 本次投资者说明会以视频结合网络互动召开，公司将针对 2022 年度经营成果及 财务指标的具体情况与投资者进行互动交流和沟通，在 ...

Financial Performance - The company's operating revenue for the first half of 2022 reached ¥31,018,304,267.06, representing a 117.01% increase compared to ¥14,293,612,635.27 in the same period last year[15]. - Net profit attributable to shareholders of the listed company was ¥2,255,513,730.90, a 53.60% increase from ¥1,468,407,903.12 in the previous year[15]. - The net profit after deducting non-recurring gains and losses was ¥2,192,290,161.57, reflecting a 54.77% increase compared to ¥1,416,495,948.42 in the same period last year[15]. - Basic earnings per share for the reporting period (1-6 months) increased by 48.42% to CNY 1.41 compared to CNY 0.95 in the same period last year[16]. - Diluted earnings per share rose by 42.11% to CNY 1.35 from CNY 0.95 year-on-year[16]. - The weighted average return on equity increased to 10.53%, up from 10.08% in the previous year, reflecting a growth of 0.45%[16]. - The company achieved a net profit attributable to shareholders of 2.256 billion, a year-on-year increase of 53.60%[32]. - The total profit for the first half of 2022 was CNY 3,561,827,715.11, compared to CNY 2,006,183,681.24 in the previous year, marking an increase of 77.5%[144]. - The total comprehensive income attributable to the parent company was CNY 2,901,884,957.62, compared to CNY 1,338,824,313.35 in the previous year, representing a growth of 116.7%[143]. Cash Flow and Investments - The net cash flow from operating activities was -¥1,057,411,058.52, a significant decrease of 165.61% from ¥1,611,561,801.93 in the previous year[15]. - The cash flow from investment activities showed a net outflow of -12,074,683,344.50 CNY, compared to -4,655,703,931.18 CNY last year[148]. - Cash inflow from financing activities totaled 30,869,089,221.20 CNY, up from 13,519,133,737.04 CNY in the previous year[148]. - The company reported a cash balance of 12,918,044,204.99 CNY at the end of the period, compared to 5,546,245,776.23 CNY at the end of the previous year[148]. - The company received 657,531,343.63 CNY from investment, a decrease from 6,470,458,320.76 CNY last year[148]. Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥90,648,598,965.94, a 56.32% increase from ¥57,989,056,348.94 at the end of the previous year[15]. - The company's total liabilities increased significantly, with long-term payables rising by 178.44% to approximately CNY 2.95 billion, mainly due to increased financing[46]. - The company's total liabilities amounted to CNY 61.83 billion, compared to CNY 34.09 billion, an increase of 81.5%[137]. - Long-term borrowings increased by 80.27% to ¥12,147,363,387.26, up from ¥6,738,260,645.42, reflecting a restructuring of the company's debt[45]. - The company's total equity reached CNY 28.82 billion, up from CNY 23.90 billion, a growth of 20.5%[137]. Research and Development - Research and development expenses surged by 198.14% to ¥839,734,971.25, up from ¥281,655,585.01, indicating a strong commitment to innovation[42]. - The company has made significant advancements in R&D, with the monthly production scale of ultra-high nickel NCMA cathode materials reaching over 3,000 tons, and total sales exceeding 10,000 tons in the first half of 2022[35]. - The company is actively developing lithium battery recycling business and has entered the first and second batches of the Ministry of Industry and Information Technology's list of compliant enterprises[25]. Market Position and Strategy - The company aims to enhance its technological innovation and product development capabilities to maintain industry leadership in new energy materials[22]. - The overall strategy focuses on expanding market share and improving cost efficiency through advanced manufacturing and green production practices[22]. - The company aims to transform from a global leader in cobalt to a leader in the new energy lithium battery materials industry[26]. - The company has established strategic cooperation intentions with major automotive companies regarding nickel-cobalt resource development in Indonesia[24]. - The company has established strategic cooperation with major automotive manufacturers, including Volkswagen and Tesla, to enhance its competitive position in the new energy lithium battery materials sector[33]. Environmental and Social Responsibility - The company has been recognized for its commitment to green development, achieving "zero carbon" certification for several facilities, including the world's first zero-carbon cathode materials factory[39]. - The company is actively involved in social responsibility initiatives, including infrastructure investment and community support in regions where it operates[39]. - The company has implemented various environmental protection measures, but future compliance with stricter standards may increase operational costs[58]. - The company has established a hazardous waste incineration disposal system, allowing for self-disposal of certain hazardous wastes[70]. - The company has drilled over 15 wells in local communities, significantly improving water access for residents[91]. Shareholder and Corporate Governance - The company will not distribute profits or increase capital reserves for the first half of 2022, indicating a focus on reinvestment[63]. - The company has undergone changes in senior management, with new appointments aimed at strengthening leadership[62]. - The company has committed to maintaining shareholder rights and not to engage in activities that could harm company interests[96]. - The company issued 10,655,700 new shares, resulting in a total share count of 1,598,133,418 shares, with the proportion of unrestricted circulating shares at 98.65%[116]. - The company has outlined measures to mitigate the dilution of immediate returns from the non-public issuance of shares[96]. Compliance and Risk Management - The company faces risks from price fluctuations of cobalt, nickel, and copper, which can significantly impact profitability due to high volatility in metal prices[56]. - The company has a high degree of international business operations, exposing it to substantial foreign exchange risks, particularly with USD settlements, which can affect profitability if exchange rate fluctuations worsen[57]. - The company has established a comprehensive environmental management system that complies with ecological and environmental regulations[88]. - The company has completed various environmental assessments and permits for its ongoing and new projects, ensuring adherence to environmental regulations[77].

Financial Performance - The company's operating revenue for 2021 was approximately ¥35.32 billion, representing a 66.69% increase compared to ¥21.19 billion in 2020[23]. - Net profit attributable to shareholders reached approximately ¥3.90 billion, a significant increase of 234.59% from ¥1.16 billion in 2020[23]. - Basic earnings per share for 2021 was ¥3.25, up 215.53% from ¥1.03 in 2020[24]. - The weighted average return on equity increased to 23.49% in 2021, compared to 12.73% in 2020, reflecting a growth of 10.76 percentage points[24]. - Total assets at the end of 2021 were approximately ¥57.99 billion, a 115.21% increase from ¥26.95 billion at the end of 2020[23]. - The net cash flow from operating activities was negative at approximately -¥61.71 million, a decline of 103.32% compared to ¥1.86 billion in 2020[23]. - The company reported a net asset attributable to shareholders of approximately ¥19.38 billion at the end of 2021, a 95.36% increase from ¥9.92 billion at the end of 2020[23]. - The company achieved a record net profit of 3.898 billion, a year-on-year increase of 234.59%[37]. - The company's investment income surged by 773.16% to CNY 635.96 million, driven by increased returns from long-term equity investments[71]. Dividend and Capital Structure - The company plans to distribute a cash dividend of 3.00 RMB per 10 shares, totaling approximately 366.38 million RMB, based on a total share capital of 1,221,265,783 shares[6]. - The company will also increase its capital reserve by issuing 3 additional shares for every 10 shares held, based on the same total share capital[6]. - The company completed a non-public stock issuance of 6.018 billion for strategic projects, enhancing its capital structure[43]. Risk Management and Compliance - The company has outlined potential risks in its future development strategy, which investors should be aware of[7]. - There are no instances of non-operational fund occupation by controlling shareholders or related parties[8]. - The company has confirmed that all board members can guarantee the authenticity and completeness of the annual report[8]. - The company has not violated any decision-making procedures regarding external guarantees[8]. - The company has detailed its risk factors in the management discussion and analysis section of the report[8]. - The company faces risks from price fluctuations of key products such as lithium battery cathode materials, precursor products, and cobalt-nickel new materials, with significant price volatility observed in cobalt, nickel, and copper during the reporting period[142]. - The company has a high degree of international business operations, leading to substantial foreign exchange risks, particularly with USD settlements, which could impact profitability if the RMB appreciates further[143]. - Environmental protection compliance is critical, with increased costs and management challenges anticipated due to potential stricter regulations in the future[144]. Innovation and R&D - The company holds 235 valid patents, reflecting significant advancements in innovation and technology[38]. - The company has established a complete technological innovation system, with multiple research institutes dedicated to the development of lithium battery materials and green manufacturing technologies[62]. - The company achieved significant breakthroughs in new technologies and products, winning several awards for advancements in cobalt and nickel materials, including the first Chinese patent excellence award for cobalt oxide manufacturing methods[63]. - The company is investing heavily in R&D, with a budget allocation of 100 million for new technologies[157]. - The company’s R&D expenses increased by 120.15% to CNY 816.27 million, reflecting a significant investment in new product development[71]. Market Expansion and Strategic Partnerships - The company established strategic cooperation with major clients, including a partnership with Volkswagen (China) and Qingshan Holding Group for the battery material supply chain[37]. - The company is actively expanding its international footprint through the acquisition of Zimbabwe's Prospect Lithium Mine[41]. - The company has entered the core supply chain of major global power battery manufacturers, including LG Chem, SK, CATL, and BYD[53]. - The company is actively expanding its sales network and has established stable partnerships with key downstream customers, enhancing market presence[65]. - The company aims to build an integrated manufacturing platform for competitive lithium battery materials in collaboration with major industry players[64]. Corporate Governance and Management - The company has established several specialized committees under the board, including the audit, nomination, compensation and assessment, and strategy committees[174]. - The board of directors has maintained a high attendance rate, with all members attending the majority of meetings[172]. - The company has implemented a performance evaluation mechanism for senior management, linking compensation to profitability and operational goals[193]. - The company has established a management control system for subsidiaries, ensuring compliance with legal regulations and improving governance structures[194]. - The company has completed the internal control evaluation report for 2021, receiving a standard unqualified opinion from Tianjian Accounting Firm[195]. Employee and Compensation - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 57.1148 million yuan[167]. - The remuneration for directors, supervisors, and senior management is determined based on the company's operational performance and achievement of targets, following a performance-linked principle[167]. - The company has implemented a restricted stock incentive plan to attract and retain talent, which includes stock grants to management and core personnel[182]. - The company employed 1,121 R&D personnel, making up 7.66% of the total workforce[90]. - The company has a total of 28 retired employees for whom it bears costs[180]. Environmental Responsibility - The company operates a wastewater treatment facility that meets the emission standards set by GB25467-2010, ensuring compliance with environmental regulations[199]. - In 2021, the company did not experience any environmental pollution disputes or incidents of exceeding emission standards[199]. - The company is committed to reducing carbon emissions and increasing the use of clean energy in its production processes[141]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25%[157]. - The company aims to increase the proportion of high-end products in total sales revenue as part of its high-end product strategy[134]. - By 2025, new energy vehicles are projected to account for 20% of total new car sales in China[123]. - The global demand for lithium iron phosphate batteries is expected to reach 600 GWh by 2025, approximately 4.42 times that of 2021[127].

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥14.29 billion, representing a 57.91% increase compared to ¥9.05 billion in the same period last year[15]. - Net profit attributable to shareholders was ¥1.47 billion, a significant increase of 319.91% from ¥349.69 million in the previous year[15]. - The net profit after deducting non-recurring gains and losses was ¥1.42 billion, up 380.50% from ¥294.79 million year-on-year[15]. - The net cash flow from operating activities was ¥1.61 billion, an increase of 352.95% compared to ¥355.79 million in the same period last year[15]. - Basic earnings per share for the first half of the year reached 1.23 RMB, a significant increase of 296.77% compared to 0.31 RMB in the same period last year[16]. - The weighted average return on equity rose to 10.08%, an increase of 6.09 percentage points from 3.99% year-on-year[16]. - The company achieved its best half-year revenue record during the reporting period, driven by increased market expansion and sales growth[33]. - The company reported a significant increase in revenue from its subsidiaries, with Huayou Quzhou generating CNY 4.61 billion in operating income[54]. - Huayou Cobalt achieved a revenue of 3.57 billion CNY in the first half of 2021, reflecting a year-on-year increase of 45%[107]. Assets and Liabilities - The total assets of the company at the end of the reporting period were ¥37.65 billion, a 39.74% increase from ¥26.95 billion at the end of the previous year[15]. - The net assets attributable to shareholders reached ¥16.98 billion, reflecting a 71.13% increase from ¥9.92 billion at the end of the previous year[15]. - The company's total liabilities increased to ¥15,082,088,641.97 from ¥11,990,610,990.91, which is an increase of approximately 25.5%[123]. - The total owner's equity at the end of the first half of 2021 was approximately CNY 12.55 billion, an increase from CNY 6.52 billion at the end of the previous year[146]. Research and Development - The company has made significant progress in R&D, with several high-end new products achieving major breakthroughs, including high nickel NCMA precursor products entering the C sample stage and five new 8-series NCM products reaching production certification levels[35]. - Research and development expenses surged by 123.44% to ¥281,655,585.01, up from ¥126,055,634.16[41]. - The company is investing 500 million CNY in R&D for new lithium battery technologies aimed at enhancing energy density and reducing costs[107]. Market Expansion and Strategy - The company has established a vertically integrated industrial chain in the new energy lithium battery materials sector, focusing on low-carbon and environmentally friendly products[20]. - The new energy segment is the core of the company's "two new" industry strategy, with a focus on rapid development and high-end breakthroughs[21]. - The company is actively pursuing acquisitions, including a project to acquire a stake in Bamo Technology to strengthen its position in the lithium battery cathode materials sector[38]. - The company aims to transform from a global leader in cobalt to a leader in the global new energy lithium battery materials industry, implementing a strategy of "two new, three transformations"[26]. Environmental Compliance - The company has implemented strict environmental protection measures, ensuring compliance with various environmental laws and standards during its operations[84]. - The company reported a total COD discharge of 10.237 tons, significantly below the approved limit of 32.720 tons, achieving a discharge concentration of 33.567 mg/L against the standard of 50 mg/L[68]. - The company has not experienced any environmental pollution disputes or incidents in the first half of 2021, maintaining compliance with discharge standards[67]. - The company has established an online monitoring system for pollutants, directly connected to environmental authorities, to ensure continuous compliance with emission standards[71]. Shareholder and Governance - The company has not disclosed any plans for profit distribution or capital reserve transfer to increase share capital during this reporting period[2]. - The company’s management promised to faithfully perform their duties and protect the legal rights of all shareholders[90]. - The company’s major shareholders committed to ensuring that measures to mitigate the dilution of immediate returns from the non-public offering are effectively implemented[90]. - The company’s integrity status was reported as good during the reporting period[94]. Future Outlook - The company has outlined future guidance, projecting a growth rate of approximately 15% in revenue for the next fiscal year[106]. - The company plans to continue expanding its market presence and investing in new technologies to enhance competitiveness[145]. - New product launches in the second half of 2021 are expected to contribute an additional 1 billion CNY in revenue[108].

Financial Performance - Total assets increased by 33.11% to RMB 35.87 billion compared to the end of the previous year[4] - Net profit attributable to shareholders of the listed company surged by 256.50% to RMB 654.19 million[4] - Operating revenue grew by 45.20% to RMB 6.42 billion[4] - Net cash flow from operating activities skyrocketed by 1,337.04% to RMB 939.54 million[4] - Basic earnings per share increased by 229.41% to RMB 0.56[4] - Weighted average return on equity rose by 3.09 percentage points to 5.34%[4] - Revenue increased by 45.20% to 6,424,126,825.03 RMB, driven by higher sales prices and volumes of main products[10] - Operating cash flow increased by 1,337.04% to 939,538,618.73 RMB, reflecting higher profits compared to the same period last year[10] - Total revenue for Q1 2021 reached 6,424,126,825.03 RMB, a significant increase from 4,424,395,821.46 RMB in Q1 2020[19] - Operating profit for Q1 2021 was RMB 935,707,838.51, a significant increase from RMB 210,943,094.86 in the same period last year[20] - Net profit attributable to the parent company's shareholders in Q1 2021 was RMB 654,190,512.39, compared to RMB 183,503,528.41 in Q1 2020[20] - Total comprehensive income for Q1 2021 was RMB 692,622,372.64, up from RMB 274,798,773.00 in Q1 2020[21] - Basic earnings per share (EPS) for Q1 2021 were RMB 0.56, compared to RMB 0.17 in Q1 2020[21] - Revenue for Q1 2021 was RMB 724,004,557.04, a significant increase from RMB 428,454,295.31 in Q1 2020[22] - Net profit for Q1 2021 was RMB 100,333,285.80, up from RMB 10,019,926.61 in Q1 2020[24] - Sales revenue from goods and services in Q1 2021 reached 6,807,727,509.37 RMB, a significant increase from 4,621,487,104.26 RMB in Q1 2020[25] - Total comprehensive income for Q1 2021 was RMB 100,333,285.80, up from RMB 10,019,926.61 in Q1 2020[52] - Operating profit for Q1 2021 was RMB 116,761,011.78, up from RMB 11,052,118.25 in Q1 2020[52] Cash Flow - Net cash flow from operating activities skyrocketed by 1,337.04% to RMB 939.54 million[4] - Operating cash flow increased by 1,337.04% to 939,538,618.73 RMB, reflecting higher profits compared to the same period last year[10] - Investment cash flow decreased by 75.56% to -2,181,392,822.97 RMB, mainly due to increased external investments[10] - Financing cash flow increased by 573.97% to 6,937,770,556.94 RMB, largely due to the receipt of 6.018 billion RMB from the non-public issuance of shares[10] - Net cash flow from operating activities in Q1 2021 was 939,538,618.73 RMB, compared to 65,380,232.82 RMB in Q1 2020[25] - Net cash flow from investing activities in Q1 2021 was -2,181,392,822.97 RMB, a decrease from -1,242,520,068.90 RMB in Q1 2020[26] - Net cash flow from financing activities in Q1 2021 was 6,937,770,556.94 RMB, a substantial increase from 1,029,385,213.25 RMB in Q1 2020[26] - Total cash and cash equivalents at the end of Q1 2021 were 7,189,153,032.26 RMB, up from 1,843,022,301.34 RMB in Q1 2020[26] - Net cash flow from operating activities in Q1 2021 was -222,628,837.26 RMB, compared to 228,053,001.74 RMB in Q1 2020[27] - Net cash flow from investing activities in Q1 2021 was -1,759,065,386.73 RMB, a significant decrease from -8,386,174.17 RMB in Q1 2020[27] - Net cash flow from financing activities in Q1 2021 was 6,037,550,357.86 RMB, a substantial increase from 42,879,759.79 RMB in Q1 2020[27] - Total cash and cash equivalents at the end of Q1 2021 were 4,149,293,284.73 RMB, up from 567,235,271.61 RMB in Q1 2020[27] - Cash flow from operating activities in Q1 2021 was RMB 939,538,618.73, compared to RMB 65,380,232.82 in Q1 2020[53] - Cash flow from financing activities in Q1 2021 surged to RMB 6,937,770,556.94, up from RMB 1,029,385,213.25 in Q1 2020[54] - Cash and cash equivalents at the end of Q1 2021 stood at RMB 7,189,153,032.26, a substantial increase from RMB 1,843,022,301.34 in Q1 2020[54] - Operating cash flow was negative at -222.63 million, compared to a positive 228.05 million in the previous period[55] - Investment cash flow was significantly negative at -1.76 billion, primarily due to investment payments of 1.93 billion[55] - Financing cash flow showed a substantial increase to 6.04 billion, driven by investment receipts of 6.02 billion[55] - Total cash and cash equivalents increased by 4.06 billion, reaching a closing balance of 4.15 billion[55] - Cash received from other operating activities was 943.87 million, up from 893.40 million in the previous period[55] - Cash paid for goods and services increased to 688.99 million from 546.66 million[55] - Cash paid to employees rose to 96.04 million from 79.56 million[55] - Cash received from financing activities surged to 6.79 billion, compared to 1.90 billion previously[55] - Cash paid for debt repayment decreased to 567.58 million from 826.88 million[55] - Cash paid for dividends and interest dropped to 20.87 million from 32.80 million[55] Assets and Liabilities - Total assets increased by 33.11% to RMB 35.87 billion compared to the end of the previous year[4] - The company's monetary funds increased by 253.27% to 8,246,342,274.88 RMB, primarily due to the receipt of 6.018 billion RMB from the non-public issuance of shares[10] - Trading financial assets surged by 2,330.69% to 736,917,550.34 RMB, mainly due to an increase in financial products[10] - Total assets increased to 35.87 billion CNY as of March 31, 2021, compared to 26.95 billion CNY as of December 31, 2020[15] - Cash and cash equivalents surged to 8.25 billion CNY as of March 31, 2021, up from 2.33 billion CNY as of December 31, 2020[13] - Trade receivables rose to 1.22 billion CNY as of March 31, 2021, compared to 1.14 billion CNY as of December 31, 2020[13] - Inventory decreased slightly to 3.98 billion CNY as of March 31, 2021, from 4.07 billion CNY as of December 31, 2020[13] - Total current liabilities increased to 13.59 billion CNY as of March 31, 2021, up from 11.99 billion CNY as of December 31, 2020[14] - Long-term liabilities grew to 3.04 billion CNY as of March 31, 2021, compared to 2.50 billion CNY as of December 31, 2020[15] - Shareholders' equity increased significantly to 19.24 billion CNY as of March 31, 2021, from 12.45 billion CNY as of December 31, 2020[15] - Capital reserve expanded to 9.76 billion CNY as of March 31, 2021, up from 3.88 billion CNY as of December 31, 2020[15] - Retained earnings grew to 5.46 billion CNY as of March 31, 2021, compared to 4.81 billion CNY as of December 31, 2020[15] - Fixed assets increased to 8.51 billion CNY as of March 31, 2021, from 8.32 billion CNY as of December 31, 2020[13] - Total assets as of Q1 2021 stood at 18,433,165,039.53 RMB, a substantial rise from 11,628,017,164.71 RMB in the previous year[17] - Long-term equity investments grew to 10,051,065,300.96 RMB in Q1 2021, up from 8,818,071,591.35 RMB in the previous year[17] - Total liabilities for Q1 2021 were 5,860,243,927.38 RMB, compared to 5,106,130,848.30 RMB in the previous year[18] - Shareholders' equity increased to 12,572,921,112.15 RMB in Q1 2021, up from 6,521,886,316.41 RMB in the previous year[18] - Accounts receivable financing stood at 232,801,474.89 RMB in Q1 2021, compared to 146,244,337.36 RMB in the previous year[17] - Prepayments decreased to 520,697,009.17 RMB in Q1 2021, down from 652,165,324.97 RMB in the previous year[17] - Other receivables surged to 1,107,083,316.40 RMB in Q1 2021, a significant increase from 283,760,430.65 RMB in the previous year[17] - Total assets increased to 35,867,859,873.01 RMB, up from 26,945,318,022.98 RMB at the end of the previous year[41] - Long-term accounts receivable slightly increased to 346,726,951.61 RMB from 344,278,709.93 RMB[41] - Fixed assets grew to 8,509,583,566.60 RMB, up from 8,321,024,911.82 RMB[41] - Total current liabilities increased to 13,588,038,317.34 RMB from 11,990,610,990.91 RMB[42] - Total liabilities increased to 16.63 billion RMB, up from 14.49 billion RMB in the previous period[43] - Total owner's equity rose to 19.24 billion RMB, compared to 12.45 billion RMB in the previous period[43] - Monetary funds surged to 4.22 billion RMB, a significant increase from 215.04 million RMB in the previous period[44] - Long-term equity investments grew to 10.05 billion RMB, up from 8.82 billion RMB in the previous period[45] - Total assets increased to 18.43 billion RMB, compared to 11.63 billion RMB in the previous period[45] - Short-term borrowings decreased to 1.44 billion RMB, down from 1.65 billion RMB in the previous period[45] - Total current liabilities stood at 4.81 billion RMB, up from 4.48 billion RMB in the previous period[45] - Total non-current liabilities increased to 1.05 billion RMB, compared to 627.20 million RMB in the previous period[46] - Retained earnings rose to 1.67 billion RMB, up from 1.57 billion RMB in the previous period[46] - Total equity and liabilities reached 18.43 billion RMB, compared to 11.63 billion RMB in the previous period[46] Shareholders and Equity - The company's total number of shareholders reached 132,737[7] - Zhejiang Huayou Cobalt Holdings Group Co., Ltd. holds 16.51% of the company's shares[7] - Capital reserve grew by 151.63% to 9,762,426,482.85 RMB, primarily due to the 5.88 billion RMB premium from the non-public issuance of shares[10] - The company's largest shareholder, Zhejiang Huayou Holding Group, holds 16.51% of the shares[35] - The top 10 shareholders collectively hold a significant portion of the company's shares, with the top two shareholders being related parties[36] - The company's total number of shareholders reached 132,737 at the end of the reporting period[35] Expenses and Costs - R&D expenses rose by 108.11% to 106,896,428.55 RMB, primarily due to increased material consumption[10] - R&D expenses increased to 106,896,428.55 RMB in Q1 2021, up from 51,364,550.10 RMB in Q1 2020[19] - R&D expenses for Q1 2021 were RMB 22,327,932.03, compared to RMB 16,876,862.74 in Q1 2020[22] - R&D expenses increased to RMB 106,896,428.55 in Q1 2021, more than double the RMB 51,364,550.10 in Q1 2020[47] - Operating costs for Q1 2021 were 5,549,967,044.41 RMB, compared to 4,218,267,315.16 RMB in Q1 2020[19] - Operating costs for Q1 2021 were RMB 505,499,907.30, up from RMB 352,391,770.37 in Q1 2020[22] - Cash paid for goods and services increased to 688.99 million from 546.66 million[55] - Cash paid to employees rose to 96.04 million from 79.56 million[55] Non-Recurring Items - Government subsidies recognized in current profits amounted to RMB 6.30 million[6] - Non-recurring gains and losses totaled a net loss of RMB 4.62 million[6] - Non-recurring gains and losses amounted to a net loss of RMB 4.62 million[34] Miscellaneous - Contract liabilities increased by 147.58% to 642,216,654.21 RMB, mainly due to an increase in advance payments for goods[10] - Income tax expenses surged by 486.96% to 249,932,855.93 RMB, reflecting higher profits compared to the same period last year[10] - Interest income for Q1 2021 was RMB 10,610,798.94, a significant increase from RMB 1,304,798.85 in Q1 2020[22] - Credit impairment losses for Q1 2021 were RMB 3,582,389.35, compared to RMB 436,631.99 in Q1 2020[24] - Interest income increased to RMB 12,937,312.50 in Q1 2021 from RMB 5,488,839.34 in Q1 2020[47] - Fair value change gains were RMB 38,338,829.02 in Q1 2021, a substantial increase from RMB 1,233,306.80 in Q1 2020[47] - Other comprehensive income after tax for Q1 2021 was RMB 22,060,807.05, compared to RMB 107,174,550.85 in Q1 2020[48] - Cash outflow from investing activities in Q1 2021 was RMB 2,262,321,377.80, compared to RMB 1,525,642,631.08 in Q1 2020[54] - Cash inflow from financing activities in Q1 2021 was RMB 9,716,147,695.18, compared to RMB 4,790,747,383.25 in Q1 2020[54] - Cash outflow for purchasing fixed assets, intangible assets, and other long-term assets in Q1 2021 was RMB 963,374,638.41, down from RMB 1,222,100,217.49 in Q1 2020[54]