Chongqing Port (SH:600279)2021-04-29 16:00Financial Performance - Operating revenue for the first quarter reached CNY 1,332,859,487.66, a year-on-year increase of 60.62%[5] - Net profit attributable to shareholders decreased by 16.80% to CNY 2,403,560.27 compared to the same period last year[5] - Basic and diluted earnings per share decreased by 23.08% to CNY 0.0020[5] - Total operating revenue for Q1 2021 was ¥1,332,859,487.66, a 60.7% increase from ¥829,846,326.53 in Q1 2020[29] - Net profit for Q1 2021 was ¥8,500,268.19, slightly up from ¥8,429,037.73 in Q1 2020, indicating a 0.8% growth[29] - The net profit attributable to shareholders of the parent company in Q1 2021 was ¥2,403,560.27, down 16.8% from ¥2,888,786.60 in Q1 2020[30] - The company reported a basic and diluted earnings per share of ¥0.0020 for Q1 2021, compared to ¥0.0026 in Q1 2020[30] Cash Flow - Net cash flow from operating activities increased by 74.30% to CNY 62,124,786.15 compared to the previous year[5] - Cash flow from operating activities in Q1 2021 was ¥62,124,786.15, an increase from ¥35,643,350.21 in Q1 2020[34] - Total cash inflow from operating activities was CNY 253,059,698.91, up 83.0% from CNY 138,305,600.66 in the same period last year[36] - The company experienced a net cash outflow from investing activities of CNY -101,737,993.19, compared to CNY -545,034.10 in Q1 2020[37] - Cash flow from financing activities resulted in a net outflow of CNY -115,813,754.72, a decrease from a net inflow of CNY 60,474,961.27 in the previous year[37] Assets and Liabilities - Total assets increased by 1.29% to CNY 12,721,012,360.79 compared to the end of the previous year[5] - Total liabilities amounted to ¥5,904,309,941.53, compared to ¥5,751,849,945.24, marking a growth of around 2.65%[21] - Current liabilities rose to ¥2,293,734,583.94 from ¥1,919,731,227.70, representing an increase of approximately 19.5%[20] - Total current liabilities include accounts payable of ¥254,271,066.29, which is critical for assessing short-term liquidity[41] - Long-term borrowings decreased to ¥3,393,329,400.00 from ¥3,612,324,215.31, indicating a decline of about 6.06%[21] Shareholder Information - The total number of shareholders at the end of the reporting period was 37,220[9] - The largest shareholder, Chongqing Port Logistics Group Co., Ltd., holds 48.69% of the shares[9] - The total equity attributable to shareholders reached ¥5,524,719,993.08, contributing to total equity of ¥6,807,283,288.25[42] Operational Changes - The company experienced significant increases in depreciation and financial expenses due to new construction projects and capitalized borrowing costs[5] - The e-commerce subsidiary was liquidated, with its functions transferred to another subsidiary, ensuring continuity of operations[14] - The company approved the feasibility study for the second phase of the chemical terminal project, with an estimated investment of approximately ¥140,360,000[15] Other Financial Metrics - Non-recurring gains and losses totaled CNY 11,556,108.84 for the quarter[7] - Cash received from borrowings decreased to ¥60,000,000.00, an 82.76% decline compared to the previous period, reflecting reduced bank borrowings[12] - The company reported an investment income of ¥1,882,861.02 in Q1 2021, compared to ¥745,496.42 in Q1 2020, marking a significant increase[29] - The company experienced a decrease in financial expenses, with Q1 2021 financial expenses at ¥28,105,750.82 compared to ¥24,568,226.51 in Q1 2020[29]