SIPG(SH:600018)2021-04-29 16:00Financial Performance - Net profit attributable to shareholders rose by 77.21% to CNY 2.95 billion year-on-year[4] - Operating revenue increased by 42.36% to CNY 7.69 billion compared to the same period last year[4] - Basic earnings per share increased by 77.19% to CNY 0.1274[4] - Operating profit for Q1 2021 was ¥3,871,541,918.68, compared to ¥2,224,926,396.90 in Q1 2020, reflecting a growth of 74.0%[20] - Net profit attributable to shareholders for Q1 2021 was ¥2,953,262,425.30, up 77.0% from ¥1,666,503,558.95 in Q1 2020[21] - The company reported a total comprehensive income of ¥3,122,982,567.89 for Q1 2021, compared to ¥2,084,043,642.56 in Q1 2020, marking a 49.9% increase[21] - The company reported a total profit of CNY 2,193,514,362.05 for Q1 2021, which is an increase of 74.8% from CNY 1,254,300,447.25 in Q1 2020[22] Assets and Liabilities - Total assets increased by 1.52% to CNY 158.30 billion compared to the end of the previous year[4] - Total liabilities decreased to ¥59.38 billion from ¥59.95 billion, a reduction of about 0.95%[16] - Current liabilities decreased to ¥20.40 billion from ¥22.41 billion, a reduction of approximately 9.03%[16] - Long-term borrowings increased to ¥20.27 billion from ¥19.07 billion, representing a growth of about 6.31%[16] - Total assets reached ¥158.30 billion, up from ¥155.92 billion, indicating a growth of about 1.76%[16] - Total liabilities amounted to ¥59,945,150,325.72, a decrease of ¥173,778,647.28 compared to the previous period[30] - Non-current liabilities were recorded at ¥37,539,362,699.55, down from ¥37,658,422,189.03[30] Cash Flow - Net cash flow from operating activities improved significantly to CNY 2.88 billion, a turnaround from a negative CNY 199.57 million in the previous year[4] - Cash flow from operating activities generated a net inflow of CNY 2,878,687,239.14, a significant improvement from a net outflow of CNY -199,573,893.29 in Q1 2020[23] - The company incurred a net cash outflow from financing activities of $2,306,492,265.70, contrasting with a net inflow of $871,534,851.20 in the same quarter last year[26] Shareholder Information - The total number of shareholders reached 213,880 by the end of the reporting period[6] - The top three shareholders hold a combined 71.51% of the shares, with the largest being Shanghai State-owned Assets Supervision and Administration Commission at 31.36%[6] Research and Development - Research and development expenses surged by 863.92% to ¥1,320,601.87, indicating increased investment in R&D projects[10] - Research and development expenses for Q1 2021 were ¥1,320,601.87, compared to a negative expense of -¥172,871.60 in Q1 2020, indicating a shift towards increased investment in R&D[20] Government Subsidies and Tax - The company reported government subsidies of CNY 87.83 million related to normal business operations[5] - The company reported a significant increase in tax payable by 41.40% to ¥990,522,106.81, reflecting higher corporate income tax obligations[9] Inventory and Receivables - Accounts receivable increased by 37.09% to ¥3,307,905,720.96 due to revenue growth[8] - Inventory increased to ¥16.90 million from ¥15.78 million, reflecting a growth of approximately 7.07%[18] - Accounts receivable rose to ¥363.12 million from ¥266.35 million, marking an increase of about 36.36%[17] Equity and Retained Earnings - The total equity attributable to shareholders reached ¥90.29 billion, up from ¥87.52 billion, indicating an increase of about 3.19%[16] - The company has a total of ¥45,946,190,524.64 in undistributed profits, indicating retained earnings for future growth[31] Other Financial Metrics - The weighted average return on net assets rose by 1.3089 percentage points to 3.3193%[4] - The company's cash and cash equivalents stood at ¥8.11 billion, down from ¥8.80 billion, a decline of approximately 7.83%[17] - The company reported a deferred income of approximately $130.47 million[34]