C&D INC.(SH:600153)2021-04-29 16:00Financial Performance - Operating revenue reached CNY 107.09 billion, a year-on-year increase of 58.75%[5] - Net profit attributable to shareholders decreased by 47.09% to CNY 776.67 million[5] - Supply chain operations revenue grew by 70.21% to CNY 101.97 billion, with net profit attributable to shareholders increasing by 135.67% to CNY 676.44 million[9] - Real estate segment revenue and net profit attributable to shareholders declined due to a high base effect from the previous year[9] - Basic earnings per share decreased by 50% to CNY 0.26[5] - The weighted average return on net assets dropped by 2.69 percentage points to 1.93%[5] - The company's net profit for Q1 2021 is not explicitly stated, but the substantial increase in revenue and costs suggests a focus on growth strategies[30] - The net profit for Q1 2021 was ¥865,165,192.77, a decrease of 64.3% from ¥2,425,943,049.91 in Q1 2020[32] - The total profit for Q1 2021 was ¥1,144,967,208.98, down 64.8% from ¥3,255,383,566.68 in Q1 2020[32] - The company's total comprehensive income for Q1 2021 was ¥851,473,133.24, a decrease of 64.8% from ¥2,423,853,903.47 in Q1 2020[32] Assets and Liabilities - Total assets increased by 29.88% to CNY 502.85 billion compared to the end of the previous year[5] - The total liabilities increased significantly by 146.16% in the supply chain operations segment[7] - Total current assets as of March 31, 2021, amounted to ¥461.46 billion, an increase from ¥348.52 billion at the end of 2020[23] - The company's short-term borrowings increased significantly to ¥25.24 billion from ¥1.71 billion at the end of 2020[24] - Total liabilities reached CNY 27.99 billion as of March 31, 2021, compared to CNY 14.14 billion at the end of 2020, indicating an increase of approximately 97.5%[29] - The company's equity attributable to shareholders increased to CNY 12.83 billion as of March 31, 2021, from CNY 11.24 billion at the end of 2020, reflecting a growth of about 14.1%[29] Cash Flow - Cash flow from operating activities showed a negative net amount of CNY 40.75 billion, compared to a negative CNY 15.54 billion in the same period last year[5] - Net cash flow from operating activities decreased to -¥40.75 billion, compared to -¥15.54 billion in Q1 2020, primarily due to increased prepayments and inventory[20] - Cash inflows from financing activities reached CNY 78.92 billion, up from CNY 55.80 billion in Q1 2020, marking a 41.4% increase[37] - The net cash flow from financing activities improved to CNY 51.79 billion, compared to CNY 26.98 billion in Q1 2020, reflecting a 92.2% increase[37] - The company experienced a net cash increase of CNY 417.69 million in Q1 2021, a significant decline from CNY 7.83 billion in Q1 2020[37] Investments and Expenses - Research and development expenses surged by 217.44% to ¥6.62 million, up from ¥2.09 million in Q1 2020[18] - The company's financial expenses increased to ¥202,313,373.26 in Q1 2021 from ¥166,522,114.15 in Q1 2020, representing a rise of 21.5%[31] - Investment income for Q1 2021 showed a loss of ¥194,481,723.50, compared to a gain of ¥269,524,612.51 in Q1 2020[31] Shareholder Information - As of March 31, 2021, the total number of shareholders is 92,828, with Xiamen Jianfa Group Co., Ltd. holding 1,356,687,985 shares, accounting for 47.38% of the total shares[12] - The top ten shareholders include major institutional investors, with the top three shareholders holding a significant portion of the company's shares[12][13] Inventory and Receivables - Accounts receivable rose by 96.73% to RMB 8,969,698,120.25, primarily due to the expansion of supply chain business and increased credit sales[15] - Inventory increased by 30.77% to RMB 290,403,001,295.41, driven by higher procurement in the supply chain and increased land purchases in the real estate sector[15] - The company reported a significant increase in other receivables, which reached CNY 24.54 billion as of March 31, 2021, compared to CNY 11.04 billion at the end of 2020, indicating a growth of about 122.3%[28]