ycec(SH:600248)2021-04-27 16:00Financial Performance - Net profit attributable to shareholders surged by 1,375.89% to CNY 739.72 million year-on-year[11] - Operating revenue rose by 132.17% to CNY 30.41 billion compared to the same period last year[11] - Basic earnings per share increased by 328.02% to CNY 0.2337[11] - Weighted average return on equity rose by 1,016.98 percentage points to 5.92%[11] - Net profit for Q1 2021 reached RMB 749,299,228.73, representing a significant increase of 1,581.98% from RMB 44,548,519.34 in the same period last year[24] - Total operating revenue for Q1 2021 reached CNY 30.41 billion, a significant increase of 132.3% compared to CNY 13.10 billion in Q1 2020[49] - Net profit for Q1 2021 was CNY 749.30 million, compared to CNY 44.55 million in Q1 2020, reflecting a substantial growth[51] - Operating profit for Q1 2021 was CNY 835.39 million, up from CNY 162.29 million in the same period last year[49] Asset and Liability Management - Total assets increased by 4.05% to CNY 189.33 billion compared to the end of the previous year[11] - Total liabilities reached approximately ¥171.11 billion, up from ¥164.69 billion, reflecting an increase of about 3.88%[38] - Current liabilities amounted to approximately ¥155.55 billion, compared to ¥150.40 billion, indicating a rise of about 3.83%[38] - Long-term borrowings increased to approximately ¥12.66 billion from ¥11.44 billion, showing a growth of about 10.67%[38] - Total equity reached CNY 11.28 billion, showing stability in the company's financial position[44] - Shareholders' equity totaled approximately ¥18.22 billion, an increase from ¥17.27 billion, representing a growth of about 5.51%[38] Cash Flow Analysis - Net cash flow from operating activities improved significantly, with a net outflow of CNY 197.69 million compared to a net outflow of CNY 2.04 billion in the previous year[11] - Cash flow from operating activities improved to -RMB 200,187,363.05, a significant recovery from -RMB 2,036,232,190.94 in the previous year[26] - The company generated cash inflow from investment activities of 43,657,245.38 in Q1 2021, compared to 10,303,335.80 in Q1 2020, marking an increase of approximately 324.5%[59] - The net cash flow from financing activities in Q1 2021 was 257,355,480.82, a decrease from 3,073,211,790.60 in Q1 2020, reflecting a decline of approximately 91.6%[59] - The company reported a significant decrease in credit impairment losses, with only 0.00 in Q1 2021 compared to 70.62 in Q1 2020[54] Shareholder Information - The company reported a total of 26,987 shareholders at the end of the reporting period[17] - The largest shareholder, Shaanxi Construction Holding Group Co., Ltd., holds 78.59% of the shares[17] Operational Insights - The company did not report any significant new product developments or market expansions during this quarter[11] - There were no major mergers or acquisitions disclosed in the report[11] - The company completed a major asset restructuring by acquiring 100% of Shaanxi Construction Group Co., Ltd. and is progressing with the associated fundraising[28] - Research and development expenses increased to CNY 130.28 million in Q1 2021, compared to CNY 6.53 million in Q1 2020, indicating a focus on innovation[49] Other Financial Metrics - The company reported a total comprehensive income of CNY 752.74 million for Q1 2021, compared to CNY 62.10 million in Q1 2020[51] - The total operating costs for Q1 2021 were CNY 29.54 billion, up from CNY 12.96 billion in Q1 2020, reflecting increased operational activities[49] - The company incurred tax expenses of CNY 80.28 million in Q1 2021, compared to CNY 13.87 million in Q1 2020, indicating higher profitability[51]