CMC(SH:600327)2021-04-28 16:00Financial Performance - The company's operating revenue for Q1 2021 was CNY 2,146,729,588.54, representing a year-on-year increase of 59.22%[12] - The net profit attributable to shareholders for the same period was CNY 107,925,083.91, an increase of 137.04% compared to the previous year[12] - The net profit excluding non-recurring gains and losses was CNY 107,383,146.17, reflecting a 157.62% increase year-on-year[6] - The company's basic earnings per share for the quarter were CNY 0.122, up 139.22% from CNY 0.051 in the same period last year[6] - The company reported a total profit of CNY 53,955,704.54 for Q1 2021, compared to CNY 14,608,900.87 in Q1 2020, marking a 268.5% increase[32] - The total comprehensive income for Q1 2021 was CNY 77,880,582.80, compared to a loss of CNY 18,201,194.47 in Q1 2020[30] Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,650,232,564.61, up 7.77% from the end of the previous year[6] - Total assets as of March 31, 2021, amounted to ¥7,650,232,564.61, an increase from ¥7,098,957,774.99 at the end of 2020[22] - Total liabilities increased to ¥1,449,271,653.51 in Q1 2021, up from ¥1,364,719,391.95 in Q4 2020[26] - Shareholders' equity totaled ¥2,868,660,225.31 as of March 31, 2021, compared to ¥2,808,146,838.53 at the end of 2020, reflecting a growth of 2.1%[26] - The company’s total assets as of January 1, 2021, were adjusted to ¥3,706,807,950.97 due to the implementation of new leasing standards[39] - Total liabilities reached CNY 3,495,876,135.98, reflecting an increase of CNY 152,047,073.35[42] Cash Flow - The company's cash flow from operating activities was CNY 182,410,301.64, a slight decrease of 0.87% compared to the same period last year[6] - Cash received from sales and services increased by 75.18% year-on-year, amounting to ¥3,097,648,038.33 compared to ¥1,768,307,204.17 in the same period last year[16] - The cash inflow from operating activities totaled CNY 3,145,141,803.50 in Q1 2021, compared to CNY 1,785,904,059.66 in Q1 2020, indicating a 76.1% increase[35] - The company’s total cash inflow from operating activities was ¥669,600,029.40, up from ¥378,202,330.99 in Q1 2020, indicating a growth of 77.0%[38] - The net cash flow from financing activities was ¥55,709,189.42, a decrease from ¥137,400,704.46 in the previous year[38] Expenses and Costs - The company's sales expenses increased by 30.90% to CNY 102,837,559.58, as expenses were lower in the previous year due to the pandemic[12] - Total operating costs for Q1 2021 were ¥2,025,239,427.82, up 57.5% from ¥1,285,979,002.21 in Q1 2020[29] - The financial expenses for Q1 2021 were CNY 3,284,971.65, with interest expenses amounting to CNY 5,173,879.98, up from CNY 3,303,251.64 in Q1 2020[32] Borrowings and Investments - Long-term borrowings increased by 147.43% to CNY 433,000,000.00, primarily due to increased borrowings for the Ningbo project[11] - The company raised ¥190,000,000.00 through borrowings in Q1 2021, down from ¥227,662,249.65 in Q1 2020[38] - Investment income surged by 2616.52% year-on-year, mainly attributed to dividends from two associated companies[17] New Leasing Standards - The company implemented the new leasing standard from January 1, 2021, adjusting relevant financial statement items to recognize corresponding right-of-use assets and lease liabilities[47] - The company did not make retrospective adjustments to comparative data for prior periods under the new leasing standard[47]