YTCO(SH:600066)2021-04-27 16:00Financial Performance - Operating revenue for the period was CNY 3,629,105,287.98, representing an increase of 28.97% year-on-year[5] - Net profit attributable to shareholders was CNY -110,749,856.06, showing an improvement from CNY -142,929,741.65 in the same period last year[5] - The company's revenue for Q1 2021 was RMB 3,106,472,668.15, representing a 31.10% increase from RMB 2,369,528,555.74 in Q1 2020[13] - Total operating revenue for Q1 2021 was approximately ¥3.63 billion, a 29% increase from ¥2.81 billion in Q1 2020[23] - Net loss for Q1 2021 was approximately ¥110.44 million, compared to a net loss of ¥142.02 million in Q1 2020, showing an improvement of 22%[23] - The company expects a significant increase in cumulative net profit compared to the same period last year due to a recovery in demand in the bus industry[17] Cash Flow - The net cash flow from operating activities was CNY -313,370,894.84, compared to CNY -501,668,968.73 in the previous year, indicating a reduction in cash outflow[5] - In Q1 2021, the net cash flow from operating activities was -313,370,894.84 RMB, an improvement from -501,668,968.73 RMB in Q1 2020, indicating a reduction in cash outflow[26] - Total cash inflow from operating activities in Q1 2021 was 5,538,753,707.41 RMB, down 10.4% from 6,181,124,772.88 RMB in Q1 2020[26] - Cash outflow for purchasing goods and services in Q1 2021 was 3,891,213,205.69 RMB, a decrease of 18.4% compared to 4,771,657,968.23 RMB in Q1 2020[26] - The net cash flow from investing activities in Q1 2021 was -1,312,161,409.71 RMB, contrasting with a positive cash flow of 1,485,352,659.94 RMB in Q1 2020[26] - Cash inflow from investment recovery in Q1 2021 was 2,023,731,200.52 RMB, significantly lower than 4,278,267,312.88 RMB in Q1 2020, representing a decline of 52.7%[26] - The net cash flow from financing activities in Q1 2021 was 343,954,080.00 RMB, compared to -51,096,589.38 RMB in Q1 2020, showing a positive shift[26] Assets and Liabilities - Total assets at the end of the reporting period were CNY 32,316,805,079.52, a decrease of 2.99% compared to the end of the previous year[5] - The company reported a decrease in total liabilities primarily due to the repayment of factoring guarantees[10] - Total liabilities decreased from 17,869,254,952.84 to 17,168,665,552.32, a reduction of approximately 3.9%[20] - Current assets decreased from 18,221,143,145.72 to 17,147,343,139.34, a decline of about 5.9%[21] - Cash and cash equivalents dropped from 3,763,418,793.44 to 2,571,528,335.16, representing a decrease of approximately 31.7%[21] - Total equity decreased from 15,442,617,577.30 to 15,148,139,527.20, a decline of about 1.9%[22] - The company's retained earnings decreased from 8,397,057,843.08 to 8,307,822,746.68, a reduction of approximately 1.1%[20] - The total assets as of March 31, 2021, were RMB 32,316,805,079.52, a decrease from RMB 33,311,872,530.14 at the end of 2020[19] Shareholder Information - The company had a total of 65,060 shareholders at the end of the reporting period[8] - The largest shareholder, Zhengzhou Yutong Group Co., Ltd., held 823,314,023 shares, accounting for 37.19% of total shares[8] Government Subsidies and Other Income - The company recognized government subsidies amounting to CNY 53,071,096.07 during the period[6] - The company received other income of RMB 57,493,747.87 in Q1 2021, which is a 42.82% increase from RMB 40,257,475.49 in Q1 2020[13] Financial Ratios and Returns - The weighted average return on equity increased by 0.09 percentage points to -0.73%[5] - The company's tax payable decreased to RMB 93,557,096.81, down 46.66% from RMB 175,401,632.93 at the end of 2020[11] Research and Development - Research and development expenses for Q1 2021 were approximately ¥304.57 million, down 17% from ¥366.79 million in Q1 2020[23] Investment Income - Investment income for Q1 2021 was approximately ¥62.38 million, compared to ¥56.11 million in Q1 2020, reflecting an increase of 11%[23]