AVICOPTER(SH:600038)2021-04-29 16:00Financial Performance - Operating revenue increased by 63.95% to CNY 3,199,962,078.08 compared to the same period last year[4] - Net profit attributable to shareholders increased by 215.80% to CNY 163,917,315.42 compared to the same period last year[4] - Basic earnings per share increased by 215.66% to CNY 0.2781 compared to the same period last year[4] - Total operating revenue for Q1 2021 reached RMB 3,199,962,078.08, a 63.8% increase from RMB 1,951,838,260.41 in Q1 2020[16] - Net profit for Q1 2021 was RMB 158,477,261.38, compared to RMB 48,586,975.36 in Q1 2020, representing a 226.5% increase[16] - The company reported a total profit of RMB 191,959,384.67 for Q1 2021, significantly higher than RMB 59,440,805.60 in Q1 2020, marking an increase of 222.5%[16] Cash Flow and Liquidity - Net cash flow from operating activities decreased by 475.60% to -CNY 232,553,762.09 compared to the same period last year[4] - Cash flow from operating activities showed a net outflow of RMB -232,553,762.09 in Q1 2021, compared to a net inflow of RMB 61,915,235.54 in Q1 2020[19] - The net cash flow from operating activities for Q1 2021 was -7,393,098.29 RMB, compared to -4,110,522.38 RMB in Q1 2020, indicating a decline of approximately 80.5% year-over-year[20] - Total cash inflow from operating activities was 38,122.88 RMB in Q1 2021, significantly lower than 245,442.42 RMB in Q1 2020, representing a decrease of about 84.5%[20] - The company experienced a significant cash outflow in Q1 2021, which may impact future liquidity and operational capabilities[20] Assets and Liabilities - Total assets decreased by 3.98% to CNY 25,258,500,917.81 compared to the end of the previous year[4] - The total liabilities as of March 31, 2021, were ¥15,921,141,713.09, down from ¥17,137,820,268.58, indicating a reduction of about 7.1%[14] - The company's cash and cash equivalents decreased to ¥2,487,219,424.94 from ¥3,024,800,621.43, representing a decline of approximately 17.8%[13] - The accounts receivable stood at ¥2,112,506,794.50, down from ¥2,957,061,425.38, reflecting a decrease of about 28.6%[13] - The total equity attributable to shareholders increased to ¥9,041,763,423.89 from ¥8,867,024,365.46, marking an increase of approximately 2.0%[14] - The total liabilities to equity ratio improved to approximately 1.70 as of March 31, 2021, compared to 1.87 on December 31, 2020[14] Research and Development - Research and development expenses increased due to higher investment in scientific research compared to the same period last year[10] - Research and development expenses increased to RMB 84,834,228.08 in Q1 2021, up from RMB 36,082,020.57 in Q1 2020, indicating a 134.1% rise[16] Shareholder Information - The number of shareholders at the end of the reporting period was 39,854[7] - The top shareholder, Harbin Aircraft Industry Group Co., Ltd., holds 28.21% of the shares[7] Operating Costs and Expenses - Significant increase in sales expenses due to higher salaries and travel costs for sales personnel compared to the same period last year[10] - The company reported a substantial increase in operating income and costs due to normal production activities resuming after the pandemic impact in the previous year[10] - Operating costs for Q1 2021 were RMB 3,010,212,131.34, compared to RMB 1,890,252,017.02 in Q1 2020, which is a 59.3% increase[16] Other Financial Information - The company recorded investment income of RMB 206,948.50 in Q1 2021, a recovery from a loss of RMB -355,707.58 in Q1 2020[16] - The company did not report any cash inflows or outflows related to investment activities in Q1 2021[20] - The cash flow from financing activities was not detailed in the report, indicating no significant changes in financing during the quarter[20] - The company has not applied the new leasing standards for the current year, as indicated in the report[21] - The report does not include any audit report, suggesting that the financials are unaudited for Q1 2021[21] - There were no new product launches or technological advancements mentioned in the report for Q1 2021[20]