2021-04-28 16:00Financial Performance - Operating revenue surged by 76.42% to CNY 28.90 billion year-on-year[4] - Net profit attributable to shareholders increased by 244.66% to CNY 834.87 million compared to the same period last year[4] - Basic earnings per share rose by 244.95% to CNY 0.1128 per share[4] - Operating profit increased by 233.01% to CNY 1.04 billion, benefiting from a low profit base in the same period last year due to COVID-19[10] - Net profit rose by 289.72% to CNY 863.68 million, attributed to effective control of domestic COVID-19 and stable recovery of the macro economy[11] - Total revenue for Q1 2021 reached ¥28,902,257,074.23, a significant increase from ¥16,382,711,535.10 in Q1 2020, representing a growth of approximately 76.5%[26] - The total profit for Q1 2021 was CNY 1,041,254,149.58, compared to CNY 322,431,705.59 in Q1 2020, indicating strong growth[27] - The net profit for Q1 2021 reached CNY 863,682,786.94, compared to CNY 221,617,422.77 in Q1 2020, representing a significant increase[27] Assets and Liabilities - Total assets increased by 4.33% to CNY 68.67 billion compared to the end of the previous year[4] - The total current assets as of March 31, 2021, amounted to CNY 30.78 billion, an increase from CNY 28.26 billion as of December 31, 2020, reflecting a growth of approximately 8.9%[21] - The total liabilities as of March 31, 2021, were CNY 35.49 billion, compared to CNY 33.57 billion at the end of 2020, showing an increase of approximately 5.7%[22] - The company's non-current assets totaled CNY 37.90 billion, slightly up from CNY 37.56 billion year-over-year, reflecting a growth of about 0.9%[22] - The company reported a total equity of CNY 33.18 billion, an increase from CNY 32.25 billion year-over-year, reflecting a growth of approximately 2.9%[22] Cash Flow - Net cash flow from operating activities was negative at CNY -2.18 billion, compared to CNY -966.65 million in the previous year[4] - Cash flow from operating activities showed a net outflow of CNY 2.18 billion, impacted by increased business volume and freight rates[12] - Total cash inflow from operating activities reached CNY 28,075,004,775.31, up from CNY 15,462,468,986.59 in the previous year, indicating a significant increase of approximately 81.5%[31] - The net cash flow from operating activities was negative at CNY -2,182,023,264.67, compared to CNY -966,647,927.07 in the same quarter last year[31] - Cash inflow from financing activities amounted to CNY 2,335,865,479.08, a significant increase from CNY 41,929,542.93 in the prior year[31] - The total cash and cash equivalents at the end of the period were CNY 8,755,308,292.35, down from CNY 9,200,078,621.78 year-over-year[32] Shareholder Information - The total number of shareholders at the end of the reporting period was 59,182[6] - The largest shareholder, Sinotrans Limited, holds 33.40% of the shares[6] Research and Development - Research and development expenses increased by 179.93% to CNY 19.70 million, reflecting the company's commitment to digital transformation and information system development[10] - Research and development expenses rose to ¥19,703,171.87 in Q1 2021, compared to ¥7,038,504.16 in Q1 2020, marking an increase of approximately 180.5%[26] Business Operations - Accounts receivable increased by 34.54% to CNY 14.83 billion due to higher business volume and rising freight rates[8] - Prepayments rose by 42.78% to CNY 3.87 billion, driven by increased air transport business and higher freight rates[8] - The company's contract logistics volume reached 7.39 million tons, up from 6.29 million tons year-over-year, representing a growth of approximately 17.5%[18] - The cross-border e-commerce logistics volume surged to 123.91 million tickets, compared to 36.32 million tickets in the same period last year, marking an increase of about 241%[18] - The company's logistics e-commerce platform saw a volume of 17,500 standard containers, up from 3,500 standard containers year-over-year, representing a growth of about 400%[18] - The company's railway agency business increased to 4.0 million standard containers, up from 2.5 million standard containers year-over-year, indicating a growth of 60%[18] Government Support - The company received government subsidies totaling CNY 20.88 million, primarily related to its daily operations[15]