ZPMC(SH:600320)2021-04-29 16:00Financial Performance - Net profit attributable to shareholders was CNY 27,371,827, a significant recovery from a loss of CNY 92,971,034 in the same period last year[4] - Operating revenue decreased by 3.61% to CNY 4,255,861,636 compared to CNY 4,415,427,928 in the previous year[4] - The weighted average return on equity improved to 0.14% from -0.68% in the previous year[4] - The company reported a significant increase in R&D expenses, which rose to CNY 157,665,090, up 20.4% from CNY 131,061,231 in Q1 2020[25] - Net profit for Q1 2021 was CNY 32,650,994, compared to a net loss of CNY 113,980,466 in Q1 2020[26] - The company achieved a gross profit margin of approximately 11.5% in Q1 2021, compared to a negative margin in Q1 2020[25] - Basic earnings per share for Q1 2021 were CNY 0.004, compared to a loss per share of CNY 0.018 in Q1 2020[27] - The total comprehensive income for Q1 2021 was CNY 37,490,417, compared to a total comprehensive loss of CNY 119,096,777 in Q1 2020[27] Cash Flow - Cash flow from operating activities turned positive with a net amount of CNY 21,625,922, compared to a negative cash flow of CNY -375,004,585 in the same period last year[4] - The net cash flow from operating activities for Q1 2021 was RMB 21,625,922, a significant improvement from a net outflow of RMB -375,004,585 in Q1 2020[33] - Cash inflow from financing activities in Q1 2021 was RMB 7,993,145,300, compared to RMB 10,404,866,869 in Q1 2020, with a net cash flow of RMB 363,894,804[33] - The company reported cash outflow from investing activities of RMB 253,795,822 in Q1 2021, down from RMB 838,133,687 in Q1 2020, resulting in a net cash flow from investing activities of RMB -236,238,022[33] Assets and Liabilities - Total assets increased by 2.98% to CNY 81,685,513,742 compared to the end of the previous year[4] - Total liabilities increased to ¥64,457,795,885 from ¥62,245,406,329, representing a growth of approximately 3.5%[21] - Current assets rose to ¥50,416,018,520 from ¥49,005,458,850, an increase of about 2.9%[22] - Non-current liabilities increased significantly to ¥25,530,626,680 from ¥19,669,925,166, marking a rise of approximately 29.9%[21] - Long-term borrowings increased by 35.01% to CNY 22,750,135,731 compared to CNY 16,850,299,742 at the end of the previous year[10] - The company’s inventory rose to ¥24,531,113,164 in Q1 2021, up from ¥22,325,839,116 in Q1 2020, indicating a 9.87% increase[19] Shareholder Information - The number of shareholders at the end of the reporting period was 232,902, with the top three shareholders holding a combined 46.229% of shares[6] - The total equity attributable to shareholders increased to ¥14,600,061,549 from ¥14,570,822,140, a slight increase of about 0.2%[21] Other Income and Expenses - Other income increased by 637.00% to ¥24,471,847 in Q1 2021, compared to ¥3,320,461 in Q1 2020, primarily due to increased subsidies from completed R&D projects[14] - Financial expenses decreased by 41.47% to ¥167,698,402 in Q1 2021 from ¥286,523,791 in Q1 2020, attributed to reduced bank loan interest expenses and increased interest income[13] - The company reported a significant increase in fair value gains on financial assets, reaching ¥101,240,658 in Q1 2021, compared to a loss of ¥282,305,622 in Q1 2020[14] Market and Product Development - The company has not disclosed any new product developments or market expansion strategies in this report[3]