GDG(SH:600098)2021-04-29 16:00Financial Performance - Operating revenue rose by 43.54% to CNY 8.98 billion year-on-year[4] - Net profit attributable to shareholders increased by 72.33% to CNY 199.61 million compared to the same period last year[4] - Basic earnings per share increased by 73.61% to CNY 0.0750[4] - The company's operating revenue reached ¥8,975,983,211.35, a 43.54% increase compared to ¥6,253,208,208.62 from the previous year, driven by rising coal sales volume and prices[10] - The net profit for the period was ¥186,133,823.94, representing an 80.20% increase from ¥103,290,833.45 in the same period last year, attributed to the growth in the renewable energy business[11] - The company’s operating profit was ¥146,205,114.43, a 65.06% increase from ¥88,574,439.20, driven by profit growth in the renewable energy sector[11] - The company reported a total comprehensive income of 361,495,951.18 CNY for Q1 2021, compared to a loss of 28,579,359.65 CNY in Q1 2020[23] - The net profit for Q1 2021 was 186,133,823.94 CNY, a significant increase from 103,290,833.45 CNY in Q1 2020, representing an increase of approximately 80.2%[22] - Total operating revenue for Q1 2021 reached ¥8,989,577,684.30, a significant increase of 43.3% compared to ¥6,276,312,094.54 in Q1 2020[21] Assets and Liabilities - Total assets increased by 13.40% to CNY 49.21 billion compared to the end of the previous year[4] - The total number of shareholders reached 57,704 by the end of the reporting period[8] - The total liabilities increased by 749.12% to ¥2,773,532,588.72, primarily due to the issuance of ultra-short-term financing[10] - The total assets as of March 31, 2021, amounted to ¥25,512,726,834.77, up from ¥23,044,399,144.02 at the end of December 2020, reflecting a growth of 10.7%[21] - The total liabilities increased to ¥13,607,500,400.03, compared to ¥11,234,381,116.16 in the previous period, marking a rise of 21%[21] - The total current liabilities were RMB 3,020,946,135.52, highlighting short-term financial obligations[37] - The total non-current assets were reported at RMB 18,785,118,101.09, indicating significant long-term investments[37] Cash Flow - Net cash flow from operating activities decreased by 64.38% to -CNY 245.87 million[4] - Cash flow from financing activities showed a net increase of ¥3,391,943,086.12, a significant turnaround from a net outflow of ¥718,363,763.54 in the previous year, driven by new bond issuance and bank loans[12] - The net cash flow from financing activities was 3,391,943,086.12 RMB in Q1 2021, a turnaround from -718,363,763.54 RMB in Q1 2020[29] - The net cash flow from investing activities was -2,821,869,734.94 RMB in Q1 2021, compared to -524,564,380.23 RMB in Q1 2020, showing a significant increase in cash outflow[28] - Total cash inflow from operating activities in Q1 2021 was 10,459,731,884.73 RMB, up from 6,914,812,052.20 RMB in Q1 2020, representing an increase of approximately 51%[28] Shareholder Information - The largest shareholder, Guangzhou State-owned Assets Development Holdings Co., Ltd., holds 62.69% of the shares[8] - The company has not disclosed any significant new product developments or market expansion strategies in this report[9] Research and Development - Research and development expenses increased by 47.20% to ¥77,256,780.65, reflecting the company's commitment to fostering high-tech enterprises and increasing R&D projects[11] - The company has allocated resources for research and development of new products, aiming to enhance its competitive edge in the market[21] Strategic Initiatives - The company approved the investment in the Guangzhou LNG emergency peak-shaving gas source station project, which received approval from the municipal development and reform commission[13] - The company agreed to acquire 100% equity of Guangdong Run Electric New Energy Co., Ltd. through its wholly-owned subsidiary, Guangzhou Development New Energy Co., Ltd.[13] - The company has proposed a strategic development plan for the "14th Five-Year Plan" period[13] - The company plans to expand its market presence and invest in new technologies to drive future growth[21]