Camel Group(601311)2021-04-22 16:00Financial Performance - Operating revenue for the period was ¥3,227,218,564.43, representing a significant increase of 89.78% year-on-year[11] - Net profit attributable to shareholders was ¥275,323,638.58, a remarkable increase of 321.86% compared to the same period last year[11] - The net profit after deducting non-recurring gains and losses was ¥248,960,849.40, reflecting a 415.55% increase year-on-year[11] - Basic earnings per share rose to ¥0.25, an increase of 316.67% compared to ¥0.06 in the previous year[11] - Total operating revenue for Q1 2021 reached ¥3,227,218,564.43, a significant increase of 89.88% compared to ¥1,700,512,900.91 in Q1 2020[43] - Net profit for Q1 2021 was ¥282,496,585.74, compared to ¥57,896,366.91 in Q1 2020, representing an increase of 387.56%[46] - The total comprehensive income for Q1 2021 was ¥129,132,451.11, compared to ¥54,052,087.46 in Q1 2020, indicating a strong performance[46] Sales and Production - The sales volume of lead-acid batteries reached approximately 8.76 million KVAH, an increase of about 80% year-on-year, achieving record highs in both quarterly sales and main business revenue[11] - Operating revenue rose by 89.78% to CNY 3,227,218,564.43, primarily driven by increased sales of lead-acid batteries[20] - Operating costs increased by 88.24% to CNY 2,560,538,567.07, reflecting the rise in sales volume of lead-acid batteries[20] Cash Flow and Liquidity - The net cash flow from operating activities was -¥390,171,358.97, indicating a significant change from ¥632,998,446.04 in the same period last year[11] - The company’s cash and cash equivalents decreased to CNY 680,884,090.39 from CNY 704,299,023.28[28] - Total cash inflow from operating activities was 1,071,869,419.74 RMB, up from 751,427,413.70 RMB in the previous year[57] - The net cash flow from investing activities was 372,369,483.67 RMB, a recovery from -432,512,978.59 RMB in Q1 2020[57] - The ending balance of cash and cash equivalents was 504,973,382.58 RMB, up from 448,172,045.39 RMB in the previous year[59] Assets and Liabilities - Total assets at the end of the reporting period reached ¥12,761,359,967.59, an increase of 3.20% compared to the end of the previous year[11] - Total liabilities increased to ¥4,747,488,568.98 from ¥4,591,072,267.46, reflecting a growth of around 3.4%[33] - Current liabilities rose to ¥3,104,009,330.01 from ¥2,947,479,151.21, an increase of approximately 5.3%[31] - Owner's equity totaled ¥8,013,871,398.61, up from ¥7,774,105,282.63, indicating an increase of about 3.1%[33] Investment and Expenses - Investment income decreased significantly to CNY -15,120,905.79, attributed to reduced investment income from joint ventures[20] - Research and development expenses for Q1 2021 were ¥26,646,403.61, a decrease of 21.66% from ¥33,999,884.60 in Q1 2020[43] - The company incurred financial expenses of ¥12,995,301.21 in Q1 2021, up from ¥10,894,290.25 in Q1 2020, reflecting an increase of about 19.2%[50] Other Financial Metrics - The weighted average return on equity increased by 2.65 percentage points to 3.65%[11] - The company continues to optimize its product structure and strengthen cost control, enhancing product competitiveness and profitability[11] - The company reported a notable increase in other income, which amounted to ¥106,013,270.97 in Q1 2021, compared to ¥67,809,708.04 in Q1 2020[43]