ACEG(SH:600502)2021-04-28 16:00Financial Performance - Operating revenue surged by 112.67% to CNY 14.11 billion year-on-year[12] - Net profit attributable to shareholders rose by 338.55% to CNY 291.09 million compared to the same period last year[12] - Basic earnings per share increased by 325.00% to CNY 0.17 per share[12] - Total revenue for the period reached ¥14,112,509,238.66, a 112.6% increase compared to ¥6,635,755,069.95 in the previous period[17] - Net profit for the period was ¥361,798,991.38, a significant increase of 354.94% from ¥79,526,677.40 in the previous period[19] - Total operating revenue for Q1 2021 reached ¥14,112,509,238.66, a significant increase from ¥6,635,755,069.95 in Q1 2020, representing a growth of approximately 112.3%[43] - The net profit attributable to shareholders of the parent company for the first quarter of 2021 was CNY 291.09 million, compared to CNY 66.37 million in the first quarter of 2020, marking an increase of approximately 338.5%[49] - The total profit for the first quarter of 2021 was CNY 481.92 million, compared to CNY 113.51 million in the first quarter of 2020, indicating an increase of approximately 324.5%[46] Cash Flow - Net cash flow from operating activities improved by 9.05% to CNY -2.93 billion year-to-date[12] - Cash inflow from operating activities for Q1 2021 was CNY 19.43 billion, up from CNY 12.00 billion in Q1 2020, representing a 62.4% increase[56] - Cash outflow from operating activities for Q1 2021 totaled CNY 22.37 billion, compared to CNY 15.23 billion in Q1 2020, an increase of 47.0%[56] - Net cash flow from operating activities for Q1 2021 was -CNY 2.93 billion, an improvement from -CNY 3.22 billion in Q1 2020[56] - Cash inflow from financing activities in Q1 2021 was CNY 10.50 billion, an increase from CNY 8.51 billion in Q1 2020, representing a 23.2% growth[58] - Net cash flow from financing activities for Q1 2021 was CNY 4.68 billion, compared to CNY 4.11 billion in Q1 2020, an increase of 13.5%[58] Assets and Liabilities - Total assets increased by 4.52% to CNY 110.58 billion compared to the end of the previous year[12] - Cash and cash equivalents at the end of the period amounted to ¥11,168,855,184.46, a 46.53% increase from ¥7,621,998,127.06[21] - The total current liabilities were ¥63.44 billion, slightly down from ¥64.17 billion, a reduction of about 1.1%[31] - Long-term borrowings increased to ¥27.70 billion from ¥22.93 billion, marking a rise of approximately 20.1%[33] - The total liabilities increased to ¥23,532,572,420.84 from ¥23,242,063,970.96, marking an increase of approximately 1.25%[39] - The total current liabilities included accounts payable of RMB 26,603,115,108.90, reflecting the company's operational obligations[69] Shareholder Information - The number of shareholders at the end of the reporting period was 57,531[14] - The largest shareholder, Anhui Construction Group Holdings Co., Ltd., holds 32.32% of shares[14] - The company's equity attributable to shareholders rose to ¥10.52 billion from ¥10.17 billion, an increase of about 3.4%[33] Research and Development - Research and development expenses surged by 140.38% to ¥75,485,897.84, up from ¥31,402,478.28, due to an increase in R&D projects[19] - The company has not disclosed any new product or technology developments in this report[12] - The research and development expenses for the first quarter of 2021 were CNY 0, compared to CNY 27.50 million in the first quarter of 2020, indicating a reduction of 100%[49] Comprehensive Income - The company reported a total comprehensive income of CNY 364.11 million for the first quarter of 2021, compared to CNY 75.02 million in the same period of 2020, representing an increase of about 385.5%[46] - The operating profit for the first quarter of 2021 was CNY 479.87 million, a significant rise from CNY 117.88 million in the first quarter of 2020, showing an increase of approximately 307.5%[46] Market Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[19]