Shenergy(SH:600642)2021-04-29 16:00Financial Performance - Net profit attributable to shareholders rose by 96.26% to CNY 889.18 million year-on-year[4] - Operating revenue grew by 12.28% to CNY 5.98 billion compared to the same period last year[4] - Operating profit for Q1 2021 was ¥1,189,805,811.95, up from ¥647,921,922.18 in Q1 2020, reflecting a growth of 83.4%[21] - Net profit attributable to shareholders for Q1 2021 was ¥889,176,788.42, compared to ¥453,072,167.28 in Q1 2020, representing an increase of 96.5%[22] - The company reported a total comprehensive income for Q1 2021 of CNY 553,044,446.53, compared to CNY 181,198,612.58 in Q1 2020, indicating a substantial increase of approximately 205.5%[24] Assets and Liabilities - Total assets increased by 6.68% to CNY 81.40 billion compared to the end of the previous year[4] - The company reported a significant increase in accounts receivable by 47.71% to CNY 469.35 million due to increased receivables from subsidiaries[9] - Long-term payables increased by 31.64% to CNY 3.25 billion, primarily due to increased long-term payables from subsidiaries[10] - Lease liabilities rose by 30.47% to CNY 5.85 billion, attributed to increased financing lease amounts from subsidiaries[10] - Total liabilities increased to ¥6,849,388,407.65 in Q1 2021 from ¥6,106,427,907.35 in Q1 2020, marking a rise of 12.1%[19] Cash Flow - Net cash flow from operating activities increased by 11.75% to CNY 1.55 billion year-on-year[4] - Cash flow from operating activities in Q1 2021 was CNY 1,545,362,884.85, compared to CNY 1,382,837,374.10 in Q1 2020, reflecting an increase of about 11.7%[25] - Cash received related to financing activities amounted to ¥674,230,000.00, marking a 100% increase due to financing lease payments received by subsidiaries[12] - The company’s cash flow from financing activities showed a net inflow of CNY 2,092,975,415.99 in Q1 2021, compared to a net outflow of CNY 670,114,143.81 in Q1 2020, indicating a positive shift in financing activities[26] Investment and Expenses - Cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets surged by 294.47% to ¥2,058,748,471.97 compared to the previous year[12] - Cash paid for investments decreased significantly by 99.28% to ¥2,200,000.00, mainly due to the loss of control over a leasing company[12] - Research and development expenses for Q1 2021 were ¥437,736.50, down from ¥632,509.75 in Q1 2020, showing a decrease of 30.8%[21] - Financial expenses, including interest expenses, increased to CNY 35,777,875.78 in Q1 2021 from CNY 26,813,907.06 in Q1 2020, reflecting a rise of about 33.3%[24] Shareholder Information - The number of shareholders at the end of the reporting period was 123,658, with the largest shareholder holding 53.47% of the shares[7] - The total equity attributable to shareholders rose to ¥31,738,148,382.27 from ¥30,848,517,799.13, reflecting a solid increase in shareholder value[17] Fair Value and Investment Income - The fair value change income increased to ¥231,101,906.78 from a loss of ¥82,414,224.25, representing a growth of 380.42% due to the rise in the fair value of financial assets[11] - Investment income rose by 48.48% to ¥384,718,282.51, primarily due to dividends received from Zhongtian Hechuang[11] Government Subsidies - The company received government subsidies amounting to CNY 5.34 million, which were included in the current period's profit[5]