CPEC(SH:600339)2021-04-27 16:00Financial Performance - Total revenue for Q1 2021 reached RMB 13.38 billion, an increase of 38.14% compared to RMB 9.69 billion in the same period last year[4] - Net profit attributable to shareholders was RMB 132.93 million, a significant recovery from a net loss of RMB 415.74 million in Q1 2020[4] - Operating revenue increased by 38.14% to CNY 13.38 billion compared to the previous year[10] - Net profit attributable to shareholders was CNY 132.93 million, a turnaround from a net loss of CNY 415.74 million in the previous year[11] - The company reported a total comprehensive income of ¥134,370,477.46 for Q1 2021, compared to a loss of ¥416,442,290.85 in Q1 2020[27] - The company reported a net loss of CNY 1,409,550,11 in Q1 2021, compared to a net loss of CNY 595,163.06 in Q1 2020, indicating a significant increase in losses year-over-year[28] - The total comprehensive loss for Q1 2021 was CNY -1,409,550,11, compared to CNY -595,163.06 in Q1 2020[29] Cash Flow and Liquidity - Operating cash flow improved to a net outflow of RMB 5.41 billion, compared to a net outflow of RMB 7.41 billion in the previous year[4] - Cash received from sales and services rose by 55.31% to CNY 15.87 billion, driven by increased project payments[11] - The company’s cash flow from financing activities showed a net outflow of CNY -1,533,891,808.79 in Q1 2021, compared to CNY -15,669,062.50 in Q1 2020[31] - The net cash flow from operating activities for Q1 2021 was CNY 1,520,346,951.06, a significant increase from CNY 295,393.88 in Q1 2020, reflecting a growth of approximately 414,000%[33] - Cash and cash equivalents decreased by 23.50% to RMB 22.82 billion, primarily due to cash outflows from operating activities[9] - The cash and cash equivalents at the end of Q1 2021 stood at CNY 22,592,647,035.93, down from CNY 23,563,271,098.52 at the end of Q1 2020[32] Assets and Liabilities - Total assets decreased by 2.78% to RMB 103.35 billion from RMB 106.31 billion at the end of the previous year[4] - Total liabilities amounted to ¥1,228,852,804.96, while total equity was ¥24,851,426,794.68 as of the end of Q1 2021[24] - The company’s total liabilities decreased from ¥81.63 billion to ¥78.55 billion, a reduction of approximately 4%[19] - Non-current liabilities increased significantly from ¥1.74 billion to ¥2.46 billion, representing an increase of about 41%[19] - The company’s total assets were valued at ¥26,080,279,599.64 at the end of Q1 2021[24] - The total current assets were reported at CNY 98,110,432,581.78, showing a slight increase from CNY 98,101,967,491.83[36] Shareholder Information - The total number of shareholders at the end of the reporting period was 71,628, with the largest shareholder holding 54.29% of the shares[6] - Basic earnings per share for Q1 2021 were ¥0.0238, compared to a loss of ¥0.0745 per share in Q1 2020[27] - Total equity attributable to shareholders rose from ¥24.62 billion to ¥24.74 billion, an increase of about 0.5%[19] Operational Metrics - New contracts signed in Q1 totaled CNY 20.21 billion, a 15.4% increase year-over-year, with domestic contracts accounting for CNY 18.15 billion[12] - Operating costs rose by 35.69% to CNY 12.43 billion, reflecting the increase in revenue[10] - R&D expenses surged by 229.77% to CNY 76.42 million, indicating a significant investment in technology development[10] - The company incurred operating expenses of CNY 22,255,141,789.28 in Q1 2021, compared to CNY 18,867,296,674.85 in Q1 2020, representing an increase of about 17.5%[31] Other Financial Metrics - Financial expenses turned from a net loss of CNY 149.9 million in the previous year to a net gain of CNY 30 million this period, due to foreign exchange gains[10] - Other income increased by 84.71% to CNY 13.18 million, primarily from increased VAT refunds[10] - The company reported interest expenses of CNY 1,096,941.84 in Q1 2021, while interest income was CNY 1,123,315.62, resulting in a net interest income of CNY 26,373.78[28]