FSSS(SH:600399)2021-04-29 16:00Financial Performance - Operating revenue rose by 25.08% to CNY 1,803,441,023.43 year-on-year[11] - Net profit attributable to shareholders increased by 115.53% to CNY 172,839,756.67 compared to the same period last year[11] - Basic and diluted earnings per share increased by 115.23% to CNY 0.0876[11] - Total operating revenue for Q1 2021 was approximately ¥1.80 billion, a 25.06% increase from ¥1.44 billion in Q1 2020[44] - Net profit for Q1 2021 reached approximately ¥172.84 million, compared to ¥80.19 million in Q1 2020, representing a 115.56% increase[46] - Operating profit for Q1 2021 was approximately ¥174.58 million, significantly higher than ¥68.81 million in Q1 2020[44] - The company reported a total profit of approximately ¥173.98 million for Q1 2021, compared to ¥79.20 million in Q1 2020[46] - The total comprehensive income for the first quarter of 2021 was CNY 172,080,360.72, compared to CNY 83,669,796.07 in the same period of 2020, representing a significant increase[52] Assets and Liabilities - Total assets increased by 3.77% to CNY 9,571,118,502.16 compared to the end of the previous year[11] - Total liabilities increased to CNY 4,484,721,630.57 from CNY 4,306,739,485.25, representing a growth of approximately 4.13%[40] - The company's total assets increased from ¥9,223,534,377.43 to ¥9,571,118,502.16, reflecting overall growth in the asset base[32] - Total current assets increased from ¥4,993,350,595.24 to ¥5,367,279,152.24, reflecting growth in accounts receivable and inventory[29] - The company's fixed assets decreased slightly from ¥3,389,586,361.71 to ¥3,363,925,691.63, indicating stability in asset management[32] - Non-current liabilities totaled CNY 2,791,461,493.86, slightly up from CNY 2,785,262,936.84, indicating a marginal increase of about 0.22%[40] - The total equity attributable to shareholders increased to CNY 5,254,339,179.05 from CNY 5,082,258,818.33, representing a growth of approximately 3.39%[40] Cash Flow - Net cash flow from operating activities decreased significantly by 897.52% to -CNY 415,876,837.55[11] - Cash and cash equivalents decreased significantly due to cash outflows from operations and project construction exceeding cash inflows[20] - Cash inflow from operating activities for the first quarter of 2021 was CNY 975,292,241.00, down from CNY 1,075,866,620.20 in the first quarter of 2020[55] - The net cash flow from operating activities for the first quarter of 2021 was negative CNY 415,876,837.55, compared to negative CNY 41,691,272.29 in the same period of 2020[55] - The company reported a decrease in cash outflow from operating activities, totaling CNY 1,391,169,078.55 in the first quarter of 2021, compared to CNY 1,117,557,892.49 in the same period of 2020[55] - The company experienced a significant decline in cash inflow from sales of goods and services, which was CNY 932,556,040.59 in the first quarter of 2021, compared to CNY 1,044,275,259.35 in the first quarter of 2020[55] Accounts Receivable and Inventory - Accounts receivable increased by 41.67% to CNY 638,015,417.72 compared to the beginning of the year[19] - Accounts receivable rose to CNY 638,296,122.35 from CNY 449,027,772.44, reflecting a growth of about 42.2%[38] - Inventory increased to CNY 1,756,740,180.05 from CNY 1,579,118,854.42, showing an increase of approximately 11.3%[38] - Accounts receivable increased due to higher sales revenue leading to an increase in receivables during the sales period[20] Shareholder Information - The number of shareholders at the end of the reporting period was 51,220[15] - The largest shareholder, Northeast Special Steel Group Co., Ltd., holds 29.25% of the shares[15] Research and Development - Research and development expenses decreased by 65.32% from ¥87,105,899.17 to ¥30,210,114.27, attributed to a reduction in research projects[21] - Research and development expenses for Q1 2021 were approximately ¥30.21 million, a decrease of 65.32% from ¥87.11 million in Q1 2020[44] Investment Income - Investment income dropped by 72.82% from ¥16,474,450.05 to ¥4,477,079.50, primarily due to changes in the accounting treatment of financial assets[21] - Investment income for Q1 2021 was approximately ¥4.48 million, down from ¥16.47 million in Q1 2020[44] Legal Challenges - The company faced legal challenges with a total of 1,307 civil lawsuits related to securities false statements, with a total claim amount of ¥205.87 million[25]