CRHIC(SH:600528)2021-04-26 16:00Financial Performance - Operating revenue for the first quarter reached CNY 6.94 billion, a 47.55% increase year-on-year[6] - Net profit attributable to shareholders was CNY 491.65 million, up 44.34% from the same period last year[6] - Basic earnings per share increased by 40.00% to CNY 0.21 compared to CNY 0.15 in the previous year[6] - The weighted average return on net assets rose to 2.15%, an increase of 0.42 percentage points year-on-year[6] - Total operating revenue for Q1 2021 reached ¥6,938,550,112.40, a 47.5% increase from ¥4,702,381,452.32 in Q1 2020[17] - Net profit for Q1 2021 was ¥563,255,923.12, up from ¥391,756,029.04 in Q1 2020, representing a 43.8% growth[17] - The basic and diluted earnings per share for Q1 2021 were both ¥0.21, up from ¥0.15 in Q1 2020, reflecting a 40% increase[18] - The total comprehensive income for Q1 2021 was approximately ¥463.88 million, compared to ¥304.04 million in Q1 2020, marking a growth of 52.5%[18] Assets and Liabilities - Total assets increased by 2.54% to CNY 45.31 billion compared to the end of the previous year[6] - Total current assets as of March 31, 2021, amounted to ¥33.51 billion, an increase from ¥32.48 billion as of December 31, 2020, representing a growth of approximately 3.16%[12] - Total liabilities reached ¥22.97 billion, compared to ¥22.30 billion in the previous year, marking an increase of about 2.99%[14] - Non-current assets totaled ¥11.80 billion, slightly up from ¥11.71 billion, showing a growth of approximately 0.77%[13] - The company's total equity increased to ¥22.35 billion from ¥21.89 billion, representing a growth of about 2.11%[14] Cash Flow - The net cash flow from operating activities was negative at CNY -1.13 billion, slightly worse than the previous year's CNY -1.12 billion[6] - Cash inflows from operating activities in Q1 2021 amounted to approximately ¥5.55 billion, an increase from ¥4.55 billion in Q1 2020[21] - The net cash flow from operating activities was -1,132,992,915.31 CNY, slightly worse than the previous year's -1,117,191,120.35 CNY, indicating a decline in operational efficiency[22] - The total cash outflow from investing activities was 374,526,474.67 CNY, compared to 146,784,537.21 CNY in the previous year, reflecting increased investment expenditures[22] - The net cash flow from financing activities was -57,998,136.88 CNY, a significant decrease from the previous year's positive cash flow of 35,930,455.28 CNY, indicating higher outflows related to financing[22] Shareholder Information - The total number of shareholders at the end of the reporting period was 100,769[8] - The largest shareholder, China Railway Second Engineering Group Co., Ltd., holds 28.58% of the shares[8] Expenses - Total operating costs for Q1 2021 were ¥6,363,986,122.92, up from ¥4,347,288,412.95 in Q1 2020, reflecting a 46.5% increase[17] - Research and development expenses in Q1 2021 amounted to ¥270,328,639.51, compared to ¥169,035,316.38 in Q1 2020, indicating a 60.1% increase[17] - The company reported a significant increase in sales expenses, which rose to ¥120,012,329.37 from ¥75,020,266.70, a 60% increase[17] - The company experienced a tax expense of approximately ¥78.58 million in Q1 2021, compared to ¥55.68 million in Q1 2020, an increase of 41.0%[18] Investment and Cash Management - The company's cash and cash equivalents decreased to ¥6.10 billion from ¥7.79 billion, a decline of about 21.54%[12] - The company reported a decrease in investment income to ¥24.72 million in Q1 2021 from ¥33.59 million in Q1 2020, a decline of 26.4%[19] - The total cash outflow from financing activities was 1,726,982,988.97 CNY, significantly higher than the previous year's 796,270,222.27 CNY, indicating increased financial obligations[25] - The company’s cash and cash equivalents at the end of the period were 4,588,826,902.52 CNY, down from 6,595,267,252.76 CNY at the beginning, representing a decrease of approximately 30.4%[25]