CRE(SH:600217)2021-04-28 16:00Financial Performance - Net profit attributable to shareholders rose by 180.28% to CNY 106,488,456.97 year-on-year[12] - Operating revenue surged by 88.86% to CNY 735,380,457.83 compared to the same period last year[12] - Basic earnings per share increased by 179.93% to CNY 0.0767 compared to the previous year[12] - The weighted average return on equity rose by 2.65 percentage points to 4.73%[12] - Total operating revenue for Q1 2021 was 735,380,457.83 RMB, a significant increase from 389,373,748.87 RMB in Q1 2020, representing an increase of approximately 88.7%[52] - Net profit for Q1 2021 reached 105,614,384.71 RMB, up from 38,283,538.35 RMB in Q1 2020, marking an increase of approximately 176.5%[52] - The net profit attributable to shareholders of the parent company was 106,488,456.97 RMB, compared to 37,994,221.87 RMB in the same period last year, indicating a growth of around 179.0%[54] - Total comprehensive income for the period was -¥9,130,151.37, compared to -¥896,123.57 in the prior year, indicating a worsening financial position[60] Cash Flow - Net cash flow from operating activities increased by 74.92% to CNY 124,922,511.90 year-on-year[12] - Cash received from sales and services amounted to ¥817,817,241.31, a 77.70% increase from ¥460,232,461.89, attributed to fund subsidies received during the period[29] - The net cash flow from operating activities was ¥124,922,511.90, an increase from ¥71,416,733.26 in the first quarter of 2020, representing a growth of about 75.0%[63] - The company reported cash outflow from operating activities totaling $57.39 million in Q1 2021, down from $63.80 million in Q1 2020, indicating a decrease of about 10%[67] Assets and Liabilities - Total assets increased by 3.74% to CNY 6,399,677,949.81 compared to the end of the previous year[12] - Total liabilities reached CNY 4,079,928,012.18, up from CNY 3,950,997,982.24, indicating an increase of 3.25%[42] - Current assets totaled CNY 5,585,725,081.94, an increase of 4.41% from CNY 5,349,145,038.19[40] - Total current liabilities increased to CNY 3,364,491,247.83 from CNY 2,995,396,563.69, reflecting a rise of 12.29%[40] - The company's equity attributable to shareholders rose to CNY 2,304,174,935.67, compared to CNY 2,201,646,988.30, a growth of 4.67%[42] Shareholder Information - The number of shareholders at the end of the reporting period was 38,052[18] - The largest shareholder, China Recycled Resources Development Co., Ltd., holds 25.84% of the shares[18] Research and Development - Research and development expenses for Q1 2021 were 849,120.02 RMB, significantly higher than 56,683.73 RMB in Q1 2020, showing an increase of about 1393.5%[52] - The company has not disclosed any new product or technology developments in this report[12] Investment Activities - The cash flow from investment activities increased significantly, with cash paid for investments rising to ¥142,222,000.00, a 413.96% increase from ¥27,671,800.00, due to payments for equity acquisition[29] - The total cash outflow from investing activities was ¥153,142,560.38, compared to ¥35,401,369.46 in the previous year, showing a substantial increase in investment expenditures[63] Borrowings and Financing - The company raised ¥765,000,000.00 through borrowings during the quarter, compared to ¥327,000,000.00 in the same period last year, indicating a significant increase in financing activities[63] - Total cash inflow from financing activities in Q1 2021 was $1.87 billion, compared to $927.13 million in Q1 2020, indicating an increase of about 101%[69]