YMCC(SH:600691)2021-04-27 16:00Financial Performance - Operating revenue for the first quarter was CNY 4.41 billion, representing a year-on-year growth of 13.38%[11] - Net profit attributable to shareholders was CNY 133.05 million, a significant recovery from a loss of CNY 262.87 million in the same period last year[11] - The company reported a net loss of ¥4,105,371,312.13 for Q1 2021, slightly worsening from a loss of ¥4,082,765,959.44 in Q1 2020[44] - The total profit for the current period is ¥180,430,832.27, compared to a total loss of ¥320,798,117.36 in the previous period, showing a turnaround in financial performance[48] - The company's operating profit for the current period is ¥171,898,179.49, a recovery from an operating loss of ¥318,177,051.30 in the previous period[48] - The company reported a significant increase in other income to ¥9,042,779.24, compared to ¥2,958,184.68 in the previous period[48] - The total comprehensive income for the current period is ¥148,814,930.38, compared to a comprehensive loss of ¥330,998,052.85 in the previous period, indicating a strong recovery[48] Cash Flow - The net cash flow from operating activities was CNY 511.28 million, a substantial improvement from a negative cash flow of CNY 61.29 million in the previous year[11] - Cash inflow from operating activities totaled ¥4,385,832,750.32, compared to ¥4,122,217,300.01 in the same period last year, reflecting a positive cash flow trend[52] - The company reported a total cash outflow from operating activities of 4,906,783,167.14 RMB, compared to 4,138,976,326.81 RMB in the same period last year[56] - The cash flow from investment activities showed a net outflow of 55,774,113.40 RMB, an improvement from the previous year's outflow of 83,434,087.57 RMB[55] - The company reported a net cash flow from financing activities of -105,715,454.93 RMB, contrasting with a positive cash flow of 456,297,795.33 RMB in the same period last year[55] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 25.12 billion, an increase of 3.74% compared to the end of the previous year[11] - The company's total assets increased to ¥25,120,758,351.80 as of March 31, 2021, compared to ¥24,215,478,711.81 at the end of 2020[33] - Total liabilities reached approximately $17.87 billion, with non-current liabilities accounting for about $1.06 billion[65] - Current liabilities totaled approximately $16.81 billion, including short-term borrowings of $8.52 billion and accounts payable of $962.8 million[65] - The company's total current liabilities reached ¥5,120,052,297.42 in Q1 2021, up from ¥4,136,091,016.73 in Q1 2020, which is an increase of about 23.9%[41] Shareholder Information - The company reported a total of 40,845 shareholders at the end of the reporting period[14] - The top shareholder, Huayang New Materials Technology Group Co., Ltd., holds 24.19% of the shares, amounting to 574,674,600 shares[14] - Shareholders' equity totaled approximately $6.35 billion, with a significant portion being capital reserves of $4.37 billion[65] Research and Development - Research and development expenses surged by 179.30% to CNY 30.05 million, indicating a strong focus on innovation[18] - Research and development expenses rose significantly to ¥30,049,429.25 in Q1 2021, compared to ¥10,758,747.06 in Q1 2020, marking an increase of approximately 179.5%[44] Financial Management - The company's financial expenses decreased to ¥22,229,519.65 from ¥36,984,978.62 in the previous period, indicating improved cost management[50] - The company’s financial expenses decreased, attributed to the exclusion of data from divested entities in the current period[20] Market Strategy - The company is focusing on expanding its market presence and developing new technologies, although specific figures were not disclosed in the call[72]