2021-04-27 16:00Financial Performance - Net profit attributable to shareholders was CNY 5.81 billion, representing an 18.22% increase year-on-year[4] - Operating revenue for the period was CNY 34.44 billion, up 48.41% from the same period last year[4] - Basic earnings per share increased to CNY 1.09611, reflecting an 18.22% growth year-on-year[4] - The company reported a net profit excluding non-recurring gains and losses of CNY 5.46 billion, an increase of 19.21% year-on-year[4] - Operating profit for Q1 2021 was CNY 7,623,390,609, up from CNY 6,480,808,255 in Q1 2020, reflecting a growth of 17.6%[21] - The company reported a net profit of CNY 7,623,390,609 for Q1 2021, reflecting strong operational performance[21] - The company achieved a net profit attributable to shareholders of ¥5,808,625,766 in Q1 2021, up from ¥4,913,271,547 in Q1 2020[22] Revenue and Costs - The company's operating revenue increased by 48.41% compared to the same period last year, while operating costs rose by 66.84% due to increased product sales and a return to normal trading activities after the COVID-19 pandemic[9] - Total revenue for Q1 2021 reached CNY 34,440,937,087, a significant increase of 48.1% compared to CNY 23,207,077,687 in Q1 2020[21] - Total revenue for Q1 2021 reached ¥7,574,391,37, a 35.5% increase from ¥5,587,746,27 in Q1 2020[23] Cash Flow - Net cash flow from operating activities was CNY 4.96 billion, a significant increase of 114.66% compared to the previous year[4] - Cash inflow from operating activities for Q1 2021 was CNY 42.58 billion, up 38.1% from CNY 30.87 billion in Q1 2020[25] - Net cash flow from operating activities increased to CNY 4.96 billion in Q1 2021, compared to CNY 2.31 billion in Q1 2020, representing a growth of 114.2%[25] - Cash inflow from investment activities was CNY 9.90 billion in Q1 2021, down 22.9% from CNY 12.73 billion in Q1 2020[26] - Net cash flow from investment activities improved to CNY 450 million in Q1 2021, compared to a negative CNY 2.80 billion in Q1 2020[26] - The ending cash and cash equivalents balance for Q1 2021 was CNY 21.83 billion, up from CNY 21.06 billion at the end of Q1 2020[26] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 203.18 billion, an increase of 1.10% compared to the end of the previous year[4] - The total liabilities decreased from 32.76 billion yuan to 29.45 billion yuan, reflecting improved financial health[15] - Total assets as of March 31, 2021, amounted to CNY 164,953,683,616, slightly up from CNY 164,413,550,761 at the end of 2020[19] - Current assets totaled CNY 109,844,253,279, a decrease of 0.8% from CNY 110,750,911,573 at the end of 2020[18] - Non-current assets increased to CNY 55,109,430,337, up from CNY 53,662,639,188, representing a growth of 2.7%[18] - Total liabilities decreased to CNY 14,492,066,847 from CNY 15,310,458,399, a reduction of 5.4%[18] Shareholder Information - The total number of shareholders at the end of the reporting period was 390,916[6] - The largest shareholder, Anhui Conch Group Co., Ltd., held 36.40% of the shares[6] Research and Development - Research and development expenses surged by 765.13% year-on-year, primarily due to increased investment in energy-saving and environmental protection projects[9] - Research and development expenses for Q1 2021 were CNY 110,263,835, significantly higher than CNY 12,745,422 in Q1 2020, indicating a focus on innovation[21] - The company incurred research and development expenses of ¥69,194 in Q1 2021, indicating a focus on innovation[23] Financial Changes - The fair value change income increased by 51.49% year-on-year, attributed to higher returns from financial products[9] - The asset disposal income rose by 54.89% compared to the previous year, mainly due to increased disposal income from subsidiaries[9] - The financial expenses decreased by 201.51% year-on-year, due to increased interest income and reduced exchange losses[9] - The balance of employee compensation payable decreased by 85.60% compared to the beginning of the year, primarily due to the distribution of last year's accrued year-end bonuses[9]