XACIG(600596)2021-04-23 16:00Financial Performance - Net profit attributable to shareholders reached ¥278,255,612.43, a significant increase of 1,323.37% compared to the same period last year[12]. - Operating revenue for the quarter was ¥3,776,035,126.15, representing a growth of 34.04% year-on-year[12]. - Basic earnings per share rose to ¥0.3400, an increase of 1,254.58% from ¥0.0251 in the previous year[12]. - The company reported a significant increase in net profit after deducting non-recurring gains and losses, reaching ¥279,103,574.20, up 1,999.96% year-on-year[12]. - The company reported a total profit for Q1 2021 of approximately ¥316.36 million, compared to ¥60.25 million in Q1 2020, reflecting a 424.5% increase[56]. - Net profit for Q1 2021 reached approximately ¥281.59 million, compared to ¥32.02 million in Q1 2020, representing a significant increase of 775.5%[56]. - The company reported an investment income of approximately ¥14.50 million in Q1 2021, significantly higher than ¥3.15 million in Q1 2020[54]. Assets and Liabilities - Total assets increased to ¥13,340,439,790.96, up 7.09% from the end of the previous year[12]. - Total liabilities increased to ¥5,705,342,402.80, up from ¥5,220,176,568.26, representing a growth of approximately 9.3% year-over-year[44]. - The company's total equity rose to ¥4,860,589,514.44, up from ¥4,817,293,854.76, reflecting a growth of approximately 0.9%[50]. - Accounts receivable increased by 51.53% to RMB 1,549,033,920.22, primarily due to higher sales and the acquisition of Hefei Xingyu[21]. - The company's goodwill increased by 55.97% to RMB 133,380,796.08, mainly due to the acquisition of Hefei Xingyu[21]. - The company's non-current liabilities increased, with long-term borrowings rising to approximately CNY 940.47 million from CNY 765.83 million at the end of 2020[42]. Cash Flow - Net cash flow from operating activities improved to ¥74,725,820.08, compared to a negative cash flow of ¥100,100,383.28 in the same period last year[12]. - The company experienced a significant increase in cash received from operating activities, totaling CNY 2,505,012,904.86, compared to CNY 1,520,771,292.60 in Q1 2020, marking a growth of approximately 64.6%[65]. - The company reported a total cash inflow from investment activities of CNY 203,419,586.85, compared to CNY 12,073,569.34 in Q1 2020, indicating improved investment performance[67]. - Cash flow from financing activities showed a net outflow of CNY 91,642,016.02 in Q1 2021, contrasting with a net inflow of CNY 300,402,636.46 in the same quarter last year[67]. Shareholder Information - The total number of shareholders reached 57,960 by the end of the reporting period[18]. - The top ten shareholders held a combined 48.56% of the company's shares, with the largest shareholder, Chuanhua Group Co., Ltd., owning 12.43%[18]. Research and Development - Research and development expenses rose by 59.66% to RMB 89,537,029.61, reflecting increased investment in R&D activities[24]. - Research and development expenses increased to approximately ¥89.54 million in Q1 2021, up from ¥56.08 million in Q1 2020, marking a 59.7% rise[54]. Future Investments - The company plans to invest RMB 2.26 billion in a new project to produce 300,000 tons of special organic silicon materials in Kaifa County[29]. - The company completed the acquisition of 53.17% of Hefei Xingyu's equity, with a total investment of RMB 178.65 million, increasing its registered capital from RMB 40 million to RMB 56 million[28].