ZCE(SH:600121)2021-04-29 16:00Financial Performance - Operating revenue increased by 40.65% to CNY 831,332,153.99 year-on-year[6] - Net profit attributable to shareholders improved by 78.25%, reaching a loss of CNY 31,893,984.62 compared to a loss of CNY 146,626,504.33 in the same period last year[6] - Net cash flow from operating activities improved by 72.52%, with a net outflow of CNY 153,064,098.00[6] - Basic earnings per share increased by 78.22%, amounting to CNY -0.0262 per share[6] - The weighted average return on equity increased by 3.67 percentage points to -1.74%[6] - The net profit improved by 99.47%, reaching a loss of ¥751,893.77 compared to a loss of ¥140,958,750.43 in the same period last year, due to increased coal prices[11] - The company reported a significant increase in taxes and surcharges by 82.70% to ¥46,647,145.36, driven by higher coal revenue leading to increased resource taxes[11] - The company reported a total comprehensive loss attributable to shareholders of ¥31,893,984.62 for Q1 2021, compared to a loss of ¥146,626,504.33 in Q1 2020[26] Assets and Liabilities - Total assets decreased by 9.93% to CNY 13,016,558,294.97 compared to the end of the previous year[6] - The company's cash and cash equivalents decreased by 38.27% to ¥2,350,867,787.97 from ¥3,808,538,656.95, primarily due to the repayment of maturing notes[11] - Current liabilities decreased to ¥9,984,311,722.34 from ¥11,496,653,033.76, indicating improved liquidity management[18] - The company's total equity increased to ¥2,642,820,773.22 from ¥2,566,551,529.86, showing a positive trend in shareholder equity[18] - The total assets as of March 31, 2021, were ¥11,641,232,483.89, down from ¥13,099,792,876.65 at the end of 2020[22] - Current assets decreased to ¥5,185,049,364.60 from ¥6,675,438,713.04 at the end of 2020, a decline of 22.3%[21] - Current liabilities decreased to ¥9,195,552,768.10 from ¥10,711,104,989.85, a reduction of 14.1%[22] Shareholder Information - The total number of shareholders reached 135,650 at the end of the reporting period[10] - The largest shareholder, Zhengzhou Coal Industry (Group) Co., Ltd., holds 63.83% of the shares, with 777,671,056 shares pledged[10] Research and Development - Research and development expenses surged by 3719.93% to ¥2,666,746.17 from ¥69,811.31, reflecting increased investment in R&D[11] - Research and development expenses rose significantly to ¥2,666,746.17 from ¥69,811.31, indicating a focus on innovation[25] Cash Flow - The cash flow from operating activities showed a net outflow of -¥153,064,098.00, an improvement from -¥556,947,986.19 in Q1 2020[34] - The company reported a cash inflow of $417.43 million from other financing activities, down from $798.78 million in Q1 2020, a decrease of 47.8%[39] - Total cash outflow from operating activities was $804.39 million, down from $1.02 billion in Q1 2020, a decrease of 21.1%[38] Investment Income - Investment income rose significantly by 11992.59% to ¥9,758,039.86, attributed to higher returns from joint venture investments[11] - The company achieved investment income of ¥9,712,432.00 in Q1 2021, compared to a loss of ¥190,332,000.00 in Q1 2020[30] Operational Costs - Operating costs for Q1 2021 were ¥805,928,493.06, up from ¥728,876,311.29 in Q1 2020, reflecting a rise of 10.6%[25]