CGA(SH:600297)2021-04-27 16:00Financial Performance - Operating revenue increased by 64.92% to CNY 42.23 billion year-on-year[12] - Net profit attributable to shareholders reached CNY 651.33 million, a significant increase of 263.93% compared to a loss of CNY 397.31 million in the same period last year[12] - Basic earnings per share rose to CNY 0.08, compared to a loss of CNY 0.05 per share in the previous year, marking a 260.62% increase[12] - The company reported a net profit excluding non-recurring gains and losses of CNY 583.73 million, up 247.39% year-on-year[12] - Operating profit for Q1 2021 reached ¥1,049,757,963.05, a turnaround from a loss of ¥251,642,419.47 in Q1 2020[58] - The total profit amounted to ¥1,078,428,877.87, while the net profit was ¥809,349,633.98, showing a significant recovery compared to a net loss of ¥385,718,130.19 in the previous period[61] - The total comprehensive income reached ¥788,765,414.46, contrasting with a total comprehensive loss of ¥509,480,358.07 in the previous year[61] Cash Flow - Net cash flow from operating activities improved by 22.91%, amounting to -CNY 9.15 billion[12] - The cash inflow from operating activities totaled ¥47,822,040,881.76, compared to ¥31,896,434,199.43 in the same quarter of the previous year[67] - The net cash flow from operating activities was -9,154,886,567.07 CNY, an improvement from -11,876,048,210.03 CNY in the previous period, indicating a reduction in cash outflow[70] - Total cash inflow from investment activities was 8,406,363,460.64 CNY, down from 11,183,934,244.04 CNY, reflecting a decrease in investment returns[70] - Cash inflow from financing activities significantly increased to 67,041,084,904.27 CNY, compared to 23,652,754,672.53 CNY in the prior period, driven by higher borrowings[70] Assets and Liabilities - Total assets decreased by 5.83% to CNY 138.35 billion compared to the end of the previous year[12] - Total current assets decreased from CNY 92.16 billion in December 2020 to CNY 81.14 billion in March 2021, a decline of approximately 12.2%[42] - Total liabilities decreased from CNY 99.76 billion in December 2020 to CNY 90.47 billion in March 2021, a reduction of about 9.6%[48] - The company's equity attributable to shareholders increased from CNY 40.55 billion in December 2020 to CNY 41.13 billion in March 2021, an increase of about 1.4%[48] - Total liabilities increased to ¥11,422,199,240.48 from ¥10,041,766,252.30, representing a rise of about 13.8%[53] Shareholder Information - The total number of shareholders at the end of the reporting period was 83,203[21] - The largest shareholder, Xinjiang Guanghui Industrial Investment (Group) Co., Ltd., holds 32.93% of the shares, with 1.17 billion shares pledged[21] Government Support - The company received government subsidies amounting to CNY 32.56 million related to its normal business operations[14] - The total amount of other income increased by 101.26% to ¥3,256.04, mainly due to an increase in government subsidies received[30] Investment Activities - Investment income increased by 313.57% to ¥3,608.29, primarily due to increased investment income from joint ventures[30] - The company completed the issuance of corporate bonds totaling ¥10 billion with a coupon rate of 7.45%[36] - The company issued convertible bonds totaling ¥337,000.00, with a conversion price of ¥4.03 per share, and as of March 31, 2021, 34.60 million bonds had been converted into shares[34] Changes in Assets - Cash and cash equivalents decreased by 27.42% to ¥2,105,546.64 from ¥2,900,881.53 due to the repayment of matured notes payable[27] - Inventory decreased from CNY 21.12 billion in December 2020 to CNY 19.37 billion in March 2021, representing a decline of approximately 8.3%[42] - The company's total non-current assets increased from CNY 54.75 billion in December 2020 to CNY 57.21 billion in March 2021, an increase of approximately 4.5%[46]