CCEG(SH:600697)2021-04-22 16:00Financial Performance - Operating revenue rose by 14.21% to CNY 2,021,586,942.39 year-on-year[5] - Net profit attributable to shareholders increased by 154.07% to CNY 11,912,417.47 compared to the same period last year[5] - Basic earnings per share increased by 150.00% to CNY 0.07 from CNY -0.14 in the previous year[5] - Operating profit for Q1 2021 was ¥91,538,929.90, compared to ¥2,537,441.32 in Q1 2020, indicating a significant improvement[23] - Net profit for Q1 2021 was ¥55,210,953.20, up from ¥46,014.65 in Q1 2020, reflecting a positive growth trend[23] - The company's operating revenue for Q1 2021 was ¥831,541,678.48, a significant increase of 73.5% compared to ¥479,669,735.63 in Q1 2020[27] - The net profit for Q1 2021 reached ¥11,293,474.85, recovering from a net loss of ¥31,725,714.91 in Q1 2020[28] - The operating profit for Q1 2021 was ¥15,741,057.94, compared to an operating loss of ¥41,930,892.21 in the same period last year[27] Assets and Liabilities - Total assets increased by 2.62% to CNY 22,682,825,198.50 compared to the end of the previous year[5] - Total assets as of March 31, 2021, amounted to CNY 22.68 billion, an increase from CNY 22.10 billion at the end of 2020[18] - Total liabilities as of March 31, 2021, were CNY 17.29 billion, compared to CNY 16.74 billion at the end of 2020[19] - The company’s long-term borrowings increased to CNY 1.05 billion from CNY 868.5 million year-on-year[19] - Total assets decreased to ¥12,762,930,562.17 as of March 31, 2021, from ¥13,184,336,856.34 at the end of 2020[22] - Current liabilities decreased to ¥8,189,701,705.25 from ¥8,837,130,795.99, showing a reduction in short-term financial obligations[22] - The company’s total liabilities decreased to ¥10,274,656,026.97 from ¥10,707,355,795.99, indicating a reduction in overall debt levels[22] Cash Flow - Net cash flow from operating activities improved by 84.34%, reaching CNY -28,510,142.36[5] - Operating cash flow net amount increased by 84.34% year-on-year, mainly due to a decrease in cash payments related to operating activities[14] - The cash flow from operating activities showed a net outflow of ¥28,510,142.36, an improvement from a net outflow of ¥182,032,511.80 in Q1 2020[31] - The cash inflow from operating activities totaled ¥4,685,795,493.43, compared to ¥4,195,159,974.50 in Q1 2020, marking an increase of 11.6%[31] - The net cash flow from operating activities was negative at CNY -306,781,252.54, worsening from CNY -225,439,316.14 in the same period last year[34] - The total cash and cash equivalents at the end of Q1 2021 were ¥823,278,851.02, down from ¥1,255,384,645.94 at the end of Q1 2020[32] Shareholder Information - The total number of shareholders reached 16,117 by the end of the reporting period[9] - The largest shareholder, Changchun Automotive City Commercial Co., Ltd., holds 24.52% of the shares[9] Other Financial Metrics - The weighted average return on equity improved by 1.28 percentage points to 0.45%[5] - Non-recurring gains and losses amounted to CNY 10,336,525.75, primarily from government subsidies[8] - Other income increased by 313.14% year-on-year, primarily due to an increase in government training subsidies received[14] - Investment income decreased by 137.19% year-on-year, mainly due to a reduction in profits from joint ventures[14] - Fair value changes in financial assets increased by 183.08% year-on-year, attributed to the rise in fair value of trading financial assets held[14] - The company reported a gross profit margin improvement, with total costs rising to ¥1,942,040,312.94 from ¥1,767,996,819.33, while revenue increased[23]