XCEP(SH:600505)2021-04-27 16:00Financial Performance - Operating revenue increased by 19.23% to CNY 247,579,816.93 year-on-year[5] - Net profit attributable to shareholders increased by 111.27% to CNY 1,653,643.76 compared to a loss of CNY 14,670,019.88 in the same period last year[5] - Basic earnings per share increased by 111.19% to CNY 0.0045 from a loss of CNY 0.0402 in the same period last year[5] - The company's operating profit for Q1 2021 was ¥5,915,195.16, a significant increase of ¥15,282,392.99 or 163.15% compared to the same period last year, primarily due to higher electricity sales volume[12] - Net profit for Q1 2021 was CNY 4,450,838.12, a significant recovery from a net loss of CNY 10,969,171.62 in Q1 2020[29] - Total operating revenue for Q1 2021 was CNY 247,579,816.93, an increase of 19.2% compared to CNY 207,647,223.86 in Q1 2020[28] Cash Flow - The net cash flow from operating activities improved by 18.81%, reaching a negative CNY 5,875,813.95, compared to a negative CNY 7,237,194.48 in the previous year[5] - The company reported a cash inflow from operating activities of CNY 256,545,492.27 in Q1 2021, compared to CNY 223,906,099.74 in Q1 2020, indicating a growth of 14.6%[33] - Total cash inflow from operating activities was 289,339,198.54 RMB, up from 229,901,303.49 RMB in the previous year, reflecting a growth of approximately 26%[34] - Cash outflow from operating activities increased to 295,215,012.49 RMB from 237,138,497.97 RMB, representing a rise of about 24%[34] - The net cash flow from investing activities was -122,337,109.50 RMB, compared to -30,746,519.78 RMB in Q1 2020, showing a significant increase in investment outflows[34] - Cash inflow from financing activities was 69,261,629.64 RMB, while cash outflow was 34,026,081.78 RMB, resulting in a net cash flow of 35,235,547.86 RMB[35] Assets and Liabilities - Total assets decreased by 2.33% to CNY 3,888,314,813.60 compared to the end of the previous year[5] - The company reported a significant increase in accounts receivable by 34.38%, totaling CNY 121,856,727.32, primarily due to increased electricity receivables and solar subsidy claims[11] - The total current assets as of March 31, 2021, were ¥203,996,592.83, down from ¥292,729,598.61 at the end of 2020, reflecting a decrease in liquidity[21] - The company’s total liabilities decreased by ¥166,008,865.9 or 68.25%, primarily due to payments made on accounts payable[12] - Current liabilities decreased from CNY 799,346,395.81 to CNY 680,615,951.75, a reduction of about 14.85%[23] - Total liabilities decreased from CNY 2,538,898,497.78 to CNY 2,441,585,631.52, a decrease of around 3.84%[23] Shareholder Information - The total number of shareholders reached 33,193 by the end of the reporting period[9] - The top three shareholders hold a combined 55.36% of the shares, with State Grid Sichuan Electric Power Company holding 20.15%[9] Other Financial Metrics - The weighted average return on equity increased by 1.39 percentage points to 0.1390%[5] - The company incurred a credit impairment loss of CNY 4,500,000.00 in Q1 2021, with no such loss reported in Q1 2020[29] - The company’s management expenses increased to CNY 21,216,641.49 in Q1 2021 from CNY 16,943,356.44 in Q1 2020, reflecting a rise of 25.5%[28] - The company has not provided guidance indicating a potential loss or significant change in net profit compared to the previous year[19] - The company is involved in ongoing litigation regarding a dispute over 50 million shares of Huaxi Securities, which may impact future profits[13]