SMAC(SH:600073)2021-04-27 16:00Financial Performance - Operating revenue for the first quarter reached CNY 6,759,736,714.98, a growth of 4.22% year-on-year[12] - Net profit attributable to shareholders increased by 17.15% to CNY 173,110,099.84 compared to the same period last year[12] - Basic earnings per share rose by 12.50% to CNY 0.18 compared to the previous year[12] - Total operating revenue for Q1 2021 was approximately ¥6.76 billion, an increase of 4.2% compared to ¥6.49 billion in Q1 2020[44] - Net profit for Q1 2021 was approximately ¥229.26 million, a decrease of 10.5% from ¥256.27 million in Q1 2020[46] - The total profit for Q1 2021 was approximately ¥331.04 million, a decrease of 6.4% from ¥353.72 million in Q1 2020[46] - The total profit for the first quarter of 2021 was approximately ¥55.35 million, compared to ¥42.67 million in the same period last year, representing a year-over-year increase of 29.7%[51] - The net profit for the first quarter of 2021 was approximately ¥35.35 million, significantly up from ¥12.67 million in the first quarter of 2020, indicating a growth of 178.5%[51] Cash Flow - Net cash flow from operating activities was negative at CNY -252,413,731.49, a decline of 628.03% year-on-year[12] - Cash inflow from operating activities totaled approximately ¥6.39 billion, a decrease of 1.5% from ¥6.49 billion in the first quarter of 2020[54] - Cash outflow from operating activities was approximately ¥6.64 billion, an increase of 3.2% compared to ¥6.44 billion in the same period last year[56] - The net cash flow from operating activities was negative at approximately -¥252.41 million, contrasting with a positive ¥47.80 million in the first quarter of 2020[56] - The net cash flow from investing activities was negative at approximately -¥217.99 million, compared to -¥169.64 million in the same period last year[57] - Cash inflow from financing activities was approximately ¥1.64 billion, an increase from ¥1.21 billion in the first quarter of 2020[56] - The net cash flow from financing activities was approximately ¥274.33 million, down from ¥457.10 million in the same period last year[56] - The net cash flow from operating activities was -558,194,921.72 RMB, compared to 143,473,551.57 RMB in the previous period, indicating a significant decline[60] Assets and Liabilities - Total assets increased by 4.50% to CNY 15,446,007,216.76 compared to the end of the previous year[12] - Current liabilities rose to ¥6,776,696,325.77 from ¥6,218,669,362.69, reflecting increased short-term borrowings and payables[31] - Total liabilities increased to ¥8,310,264,481.90 from ¥7,562,752,620.05, representing a growth of approximately 9.85% year-over-year[33] - Total equity decreased to ¥7,135,742,734.86 from ¥7,217,728,359.50, reflecting a decline of about 1.13%[33] - Total assets decreased to ¥5,995,221,952.92 from ¥6,310,766,991.58, indicating a reduction of approximately 4.99%[39] - Total liabilities remained stable at 6,218,669,362.69 RMB, indicating consistent management of financial obligations[66] - Total assets amounted to ¥6,310,766,991.58, consistent with prior reports[74] Shareholder Information - The total number of shareholders at the end of the reporting period was 66,932[16] - The largest shareholder, Shanghai Yimin Food Factory (Group) Co., Ltd., holds 31.82% of the shares[16] Research and Development - R&D expenses rose by 259.93% to ¥7,210,567.73, reflecting increased investment in research and development[22] - R&D expenses increased significantly to approximately ¥7.21 million in Q1 2021, compared to ¥2.00 million in Q1 2020, reflecting a growth of 259.5%[44] Government Support - The company received government subsidies amounting to CNY 23,028,017.44, closely related to its normal business operations[15] Other Financial Metrics - The weighted average return on equity increased by 0.35 percentage points to 3.99%[12] - Other comprehensive income showed a significant increase of 430.49%, reaching -¥191,546,973.49, due to foreign exchange translation differences[22] - Financial expenses improved by 63.77% to -¥103,369,447.20, driven by foreign exchange gains from the New Zealand subsidiary[22]