山鹰国际(600567) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue for the first quarter reached CNY 6,828,576,890.46, a significant increase of 78.02% year-on-year[12] - Net profit attributable to shareholders was CNY 473,683,663.69, representing a growth of 105.55% compared to the same period last year[12] - Basic earnings per share increased by 103.85% to CNY 0.106 from CNY 0.052 in the same period last year[12] - The company achieved operating revenue of RMB 6.83 billion in Q1 2021, a year-on-year increase of 78.02%[27] - The net profit attributable to the parent company was RMB 474 million, representing a year-on-year growth of 105.55%[27] - Net profit for Q1 2021 was ¥487,041,126.52, up from ¥229,203,781.07 in Q1 2020, reflecting a growth of approximately 112.5%[48] - The total comprehensive income for Q1 2021 was ¥373,880,879.25, compared to ¥43,131,540.73 in Q1 2020, indicating a substantial increase[48] Cash Flow - The net cash flow from operating activities was negative at CNY -327,125,059.51, worsening by 438.03% year-on-year[12] - The company’s cash flow from operating activities showed a significant decline, with a net outflow of RMB 327 million, a 438.03% increase in outflow compared to the previous period[27] - Cash inflows from operating activities amounted to approximately RMB 6.02 billion, up from RMB 3.99 billion in the same period last year, reflecting a growth of 50.7%[56] - The cash outflow from operating activities was approximately RMB 6.35 billion, compared to RMB 4.06 billion in Q1 2020, resulting in a net cash flow from operating activities of approximately -RMB 327.13 million[58] - The cash flow from operating activities was primarily driven by cash received from sales of goods and services amounting to ¥1,385,875,658.87, up from ¥749,559,048.42 in Q1 2020[60] Assets and Liabilities - Total assets increased by 6.49% to CNY 48,383,165,241.12 compared to the end of the previous year[12] - The company’s total assets as of March 31, 2021, amounted to RMB 15.67 billion, compared to RMB 14.19 billion at the end of the previous year[32] - Current liabilities rose to ¥20,864,763,429.37, compared to ¥18,352,030,705.80, marking an increase of about 13.7%[35] - Total liabilities increased to ¥30,608,586,416.10 from ¥28,207,643,922.17, reflecting a growth of around 8.5%[36] - Shareholders' equity rose to ¥17,774,578,825.02, up from ¥17,228,910,405.96, indicating an increase of about 3.2%[36] - The company reported a total of ¥7.64 billion in undistributed profits, consistent with previous figures[67] Shareholder Information - The total number of shareholders at the end of the reporting period was 193,198[18] - The largest shareholder, Fujian Taisheng Industrial Co., Ltd., held 28.12% of the shares[18] Research and Development - Research and development expenses rose by 117.85% to RMB 151 million, reflecting increased investment after a reduction during the previous year's pandemic[24] - Research and development expenses for Q1 2021 were ¥151,428,134.44, compared to ¥69,511,773.05 in Q1 2020, showing an increase of about 117.0%[47] Government Support - The company received government subsidies amounting to CNY 37,972,523.92 during the reporting period[16] Other Financial Metrics - The weighted average return on equity rose by 84.57 percentage points to 2.99%[12] - The company reported a non-operating income of CNY 44,854,939.00 for the quarter[16] - The company’s inventory increased by 43.85% to RMB 3.43 billion, primarily due to strategic reserves of raw materials and paper[21] - The company’s sales expenses decreased by 61.15% to RMB 79.58 million, attributed to changes in accounting standards affecting the reporting of logistics costs[24]