SANY(SH:600031)2021-04-29 16:00Financial Performance - Operating revenue reached RMB 33,327,574 thousand, representing a 93.00% increase year-on-year[5] - Net profit attributable to shareholders was RMB 5,538,031 thousand, a significant rise of 146.16% compared to the same period last year[5] - Basic earnings per share increased to RMB 0.6579, reflecting a growth of 146.50%[5] - The company achieved a total profit of CNY 6,590,904 thousand in Q1 2021, compared to CNY 2,720,389 thousand in Q1 2020, reflecting a 142.5% increase[22] - Net profit for Q1 2021 was CNY 5,648,452 thousand, compared to CNY 2,273,667 thousand in Q1 2020, representing a 148.5% increase[23] - The company reported a significant increase in sales expenses, which rose to CNY 2,004,911 thousand in Q1 2021 from CNY 941,809 thousand in Q1 2020, a 112.5% increase[22] Assets and Liabilities - Total assets increased to RMB 141,443,706 thousand, up 11.83% from the previous year[5] - The company’s total liabilities increased by 77.44% to RMB 8,040,700 thousand, up from RMB 4,531,569 thousand, as part of a strategy to optimize the debt structure[10] - Long-term borrowings increased significantly to CNY 8,040,700 thousand from CNY 4,531,569 thousand, a growth of 77.5%[17] - Current liabilities rose to CNY 67,641,480 thousand, compared to CNY 62,067,520 thousand, marking an increase of 9.1%[16] - Total liabilities reached CNY 77,537,499 thousand, up from CNY 68,085,209 thousand, indicating a growth of 13.5%[17] Cash Flow - Cash flow from operating activities turned positive at RMB 956,780 thousand, a 334.17% improvement year-on-year[5] - Cash inflow from operating activities reached 28,834,267 thousand RMB, up from 15,977,829 thousand RMB in the same period last year, representing an increase of approximately 80.5%[27] - The net cash flow from operating activities was 956,780 thousand RMB, a turnaround from a negative cash flow of 408,581 thousand RMB in Q1 2020[28] - Cash inflow from investment activities totaled 3,453,376 thousand RMB, compared to 3,302,642 thousand RMB in Q1 2020, showing a slight increase of 4.6%[28] Shareholder Information - The total number of shareholders at the end of the reporting period was 690,670[7] - The largest shareholder, SANY Group Co., Ltd., holds 2,486,096,074 shares, representing 29.30% of total shares[7] Research and Development - The company's R&D expenses rose to RMB 1,422,685 thousand, marking a 125.51% increase from RMB 630,876 thousand, reflecting a stronger focus on engineering machinery and key component development[11] - Research and development expenses increased to CNY 1,422,685 thousand in Q1 2021, up from CNY 630,876 thousand in Q1 2020, marking a 125.5% rise[22] Investment Income - The company’s investment income surged by 919.88% to RMB 296,255 thousand, compared to RMB 29,048 thousand, primarily from increased financial management returns[11] - The company reported investment income of CNY 296,255 thousand in Q1 2021, compared to CNY 29,048 thousand in Q1 2020, indicating a substantial increase[22] Government Subsidies - The company reported a government subsidy of RMB 110,565 thousand related to its normal business operations[6]