XSS(SH:600117)2021-04-29 16:00Financial Performance - Operating revenue for the period reached CNY 2,504,284,987.33, representing a 47.69% increase year-on-year[12] - Net profit attributable to shareholders was CNY -68,227,599.92, an improvement of 30.35% compared to the same period last year[12] - Basic earnings per share were CNY -0.07, an increase of 22.22% compared to the previous year[12] - The company's operating revenue for Q1 2021 was ¥2,504,284,987.33, an increase of 47.69% compared to ¥1,695,667,302.20 in Q1 2020[21] - The total profit for the first quarter of 2021 was 82,819,341.13 CNY, compared to a loss of 100,657,759.78 CNY in the same period of 2020[52] - Net profit for Q1 2021 was RMB 112,434.33, a significant recovery from a net loss of RMB 85,190,497.04 in Q1 2020[46] - Operating profit for Q1 2021 was RMB 29,438,634.20, compared to a loss of RMB 80,027,794.94 in the same period last year[46] Cash Flow - Net cash flow from operating activities was CNY 48,146,053.46, a significant increase of 122.22% compared to the previous year[12] - The company's cash flow from operating activities was ¥48,146,053.46, a substantial increase of 122.22% compared to a negative cash flow of ¥216,636,866.42 in the same period last year[24] - The net cash flow from financing activities was $68,769,922.30, compared to a net outflow of $130,899,163.18 in the previous period[61] - Cash inflow from financing activities was significantly higher at $3,022,558,098.46 compared to $1,866,811,348.65 in the previous period[61] - The ending balance of cash and cash equivalents was $65,753,176.44, an increase from the beginning balance of $31,627,249.76[61] Assets and Liabilities - Total assets at the end of the reporting period were CNY 20,270,007,788.98, a decrease of 1.06% compared to the end of the previous year[12] - The company reported a decrease in net assets attributable to shareholders of 4.47% compared to the end of the previous year[12] - The company's total liabilities decreased to ¥14,908,737,600.51 from ¥15,147,945,286.64, indicating improved financial stability[30] - Total liabilities decreased from ¥15,535,652,126.60 to ¥15,314,875,819.18, a reduction of approximately 1.42%[32] - Total equity increased from ¥4,951,550,010.39 to ¥4,955,131,969.80, reflecting a growth of about 0.04%[32] Shareholder Information - The total number of shareholders at the end of the reporting period was 56,829[17] - The largest shareholder, Xining Special Steel Group Co., Ltd., held 35.37% of the shares[17] Research and Development - Research and development expenses surged to ¥33,319,628.90, a dramatic increase of 236,256.03% from ¥14,097.22, indicating a significant rise in R&D investment[24] - Research and development expenses in Q1 2021 amounted to RMB 33,319,628.90, a substantial increase from RMB 14,097.22 in Q1 2020[42] Future Outlook - The company plans to expand its market presence, focusing on strategic acquisitions and partnerships to enhance growth opportunities[56] - The company has provided guidance for future performance, indicating expectations for continued revenue growth and improved profitability in the upcoming quarters[56]