SANAN(SH:600703)2021-04-27 16:00Financial Performance - Operating revenue for the period was ¥2,717,380,219.18, representing a significant year-on-year growth of 61.60%[5] - Net profit attributable to shareholders was ¥556,629,662.03, an increase of 42.14% compared to the same period last year[5] - The net cash flow from operating activities was ¥640,759,149.63, a substantial increase of 397.32% year-on-year[5] - The company's operating revenue for the current period reached ¥2,717,380,219.18, a 61.60% increase compared to ¥1,681,591,520.86 in the same period last year[10] - The company reported a significant increase in other income to ¥505,943,688.31 in Q1 2021, compared to ¥276,772,946.62 in Q1 2020, reflecting an increase of 82.7%[24] - The total comprehensive income for Q1 2021 was CNY 557,597,379.62, compared to CNY 394,071,554.41 in Q1 2020, showing an increase of approximately 41.5%[25] Assets and Liabilities - Total assets at the end of the reporting period reached ¥40,778,496,574.88, an increase of 4.63% compared to the end of the previous year[5] - Total liabilities reached CNY 10.50 billion, compared to CNY 9.30 billion at the end of 2020, reflecting an increase of approximately 12.9%[17] - The company's equity attributable to shareholders increased to CNY 30.28 billion from CNY 29.67 billion, a growth of about 2.1%[17] - The total assets as of the end of Q1 2021 amounted to ¥26,929,561,804.76, an increase from ¥25,881,407,885.92 at the end of Q1 2020[21] - Total liabilities for Q1 2021 were ¥5,716,418,350.35, compared to ¥4,667,903,372.72 in Q1 2020, indicating a rise of 22.4%[21] Cash Flow - The net cash received from operating activities increased by 128.65% to ¥869,897,783.21, mainly due to higher government subsidies received[11] - Cash flow from operating activities in Q1 2021 was CNY 1,572,535,373.04, down from CNY 1,846,484,490.05 in Q1 2020, representing a decrease of about 14.8%[28] - Net cash outflow from operating activities was CNY 1,805,064,523.70, compared to CNY 2,111,447,344.32 in the previous year[30] - Cash inflow from financing activities was CNY 990,708,395.02, down from CNY 1,200,746,416.10 year-over-year[31] Costs and Expenses - Operating costs increased by 73.80% to ¥2,097,113,298.98, primarily due to a significant rise in sales of compound semiconductor products[10] - Research and development expenses rose by 87.15% to ¥85,698,293.25, driven by increased investment in integrated circuit projects[10] - The financial expenses increased significantly by 333.13% to ¥22,710,671.38, mainly due to increased foreign exchange losses[10] - The company's short-term borrowings increased by 41.75% to ¥1,758,591,799.54, mainly due to project working capital loans from a wholly-owned subsidiary[9] Shareholder Information - The total number of shareholders at the end of the reporting period was 301,437[7] - The largest shareholder, Xiamen Sanan Electronics Co., Ltd., held 27.10% of the shares, amounting to 1,213,823,341 shares[7] Inventory and Investments - Inventory increased by ¥163 million compared to the end of Q4 2020, primarily due to a rise in LED raw materials and integrated circuit business inventory[5] - Long-term investments rose significantly to CNY 216.90 million from CNY 122.34 million, indicating an increase of approximately 77.3%[16]