TMT(SH:600458)2021-04-27 16:00Financial Performance - Operating revenue for the first quarter reached CNY 3,786,333,609.05, a significant increase of 56.66% year-on-year[11] - Net profit attributable to shareholders surged by 716.60% to CNY 76,653,537.93 compared to the same period last year[11] - Basic earnings per share rose to CNY 0.10, reflecting a 900.00% increase year-on-year[11] - The report period's net profit excluding non-recurring gains and losses was CNY 64,888,758.08, showing a recovery from previous losses[11] - Total operating revenue for Q1 2021 was RMB 3,786,333,609.05, a significant increase from RMB 2,416,878,106.97 in Q1 2020, representing a growth of approximately 56.6%[41] - Net profit for Q1 2021 reached RMB 80,553,705.26, a substantial rise from RMB 5,830,715.12 in Q1 2020, indicating a growth of approximately 1,280.5%[42] - The company reported a total profit of RMB 116,598,063.92 for Q1 2021, compared to RMB 26,642,541.63 in Q1 2020, representing an increase of approximately 338.5%[41] - Operating profit for Q1 2021 was RMB 109,833,242.31, a notable increase from RMB 23,894,114.10 in Q1 2020, indicating a growth of about 359.5%[41] Cash Flow - The net cash flow from operating activities was negative at CNY -246,676,394.77, indicating a decline in cash generation[11] - Net cash flow from operating activities was negative at -¥246,676,394.77, worsening from -¥108,424,375.69 in the previous year[18] - Cash inflows from operating activities amounted to CNY 3,144,275,555.27, an increase from CNY 2,920,348,087.04 in the same period last year, representing a growth of about 7.7%[52] - The net cash outflow from operating activities was CNY -246,676,394.77, worsening from CNY -108,424,375.69 year-over-year[52] - The net cash flow from investing activities was CNY -50,875,437.51, an improvement from CNY -81,819,672.28 in the first quarter of 2020[52] - Cash outflows from financing activities were CNY 66,368,010.54, significantly lower than CNY 1,734,235,826.07 in the same quarter last year, indicating a reduction of about 96.2%[52] - The cash inflow from financing activities was CNY 73,747,966.02, a decrease from CNY 1,154,035,800.00 year-over-year[52] - The company received CNY 400,000,000.00 from other investment-related cash activities, slightly down from CNY 430,000,000.00 in the previous year[52] Assets and Liabilities - Total assets increased by 1.07% to CNY 16,167,119,199.45 compared to the end of the previous year[11] - Total liabilities increased to ¥11,156,518,653.72 from ¥11,058,102,090.95, reflecting a growth of approximately 0.89%[30] - The total equity attributable to shareholders rose to ¥4,847,709,522.03, up from ¥4,779,334,501.96, marking an increase of about 1.43%[30] - Cash and cash equivalents decreased to ¥1,458,499,345.39 from ¥1,620,059,430.64, representing a decline of approximately 9.97%[34] - The total current liabilities decreased to ¥6,756,895,132.62 from ¥6,897,204,288.57, reflecting a decline of approximately 2.04%[36] - The total non-current liabilities reached ¥717,439,359.79, an increase from ¥692,627,124.00, which is a rise of approximately 3.58%[36] Shareholder Information - The company reported a total of 43,659 shareholders at the end of the reporting period[16] - The largest shareholder, CRRC Zhuzhou Electric Locomotive Research Institute Co., Ltd., holds 36.43% of the shares[16] Expenses - Operating costs increased by 55.49% to ¥3,177,001,139.88 from ¥2,043,225,053.93 due to higher revenue[18] - Sales expenses rose by 94.23% to ¥155,049,038.56, while management expenses increased by 59.65% to ¥134,579,694.97[18] - Research and development expenses grew by 36.04% to ¥169,712,512.92 compared to ¥124,747,702.08 in the previous year[18] - Financial expenses decreased by 64.35% to ¥19,866,832.90, attributed to currency exchange impacts and reduced interest expenses[18] - The company experienced a decrease in financial expenses, which were RMB 19,866,832.90 in Q1 2021, down from RMB 55,724,732.06 in Q1 2020, a reduction of approximately 64.3%[41] Comprehensive Income - The total comprehensive income for the first quarter of 2021 was CNY 109,800,326.72, compared to CNY 118,554,605.37 in the first quarter of 2020, reflecting a decrease of approximately 6.3%[49] - Other comprehensive income after tax for Q1 2021 was RMB -15,890,016.06, compared to RMB 3,730,165.89 in Q1 2020, indicating a decline in comprehensive income[42] Future Outlook - The company anticipates significant revenue growth in the rail transportation and automotive sectors, with a substantial increase in net profit compared to the previous year[21]